Retail Industry News
A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Chapter 65: Cloud Computing in the Retail Industry
In Chapter 65, we will explore the significant role of cloud computing in the retail industry. The retail sector faces unique challenges, including managing large volumes of data, delivering seamless customer experiences, and adapting to rapidly…
Target boycott may be a 'really important case' for retailers who experience backlash
In the current polarized climate, more companies could experience the type of anti-LGBTQ+ backlash that recently hit Target Corp., warns Daniel Diermeier, chancellor of Vanderbilt University. The political scientist and management academic is the…
This retailer is the big winner as shoppers trade down to cheaper products, Jefferies says
Cost-conscious Americans are reining in their spending and that should give Walmart shares a boost, Jefferies said in a note Friday. The Wall Street firm expects a potential slowdown in consumer spending, especially in nonessential categories…
Retailers are gamifying shopping with virtual storefronts to boost engagement, loyalty
J. Crew is launching a virtual beach house in celebration of its 40th anniversary with experiential e-commerce platform Obsess. Virtual storefronts are on the rise, and Obsess has built platforms for a slew of other retailers and brands, including…
Elliott-Backed Lender Bantry Bay Dares to Take on Distressed UK Retailers
Bantry Bay has stepped in to lend to Matalan, Superdry, Asos Father-and-son lender protects borrowings with assets Many firms are afraid to invest in struggling UK retailers for fear of the next big blow-up, but there's one notable exception that…
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British retailer Mothercare's CEO steps down
June 9 (Reuters) - Baby products retailer Mothercare Plc (MTC.L) said on Friday Chief Executive Officer Daniel Le Vesconte has stepped down, effective immediately, after just five months at the helm. The departure comes a month after the…
Hong Kong Monetary Authority to Prepare for Retail CBDC
The Hong Kong Monetary Authority (HKMA) has said it will start laying the foundation to implement a retail central bank digital currency in a report published on Friday. Although it had been looking into the development of a digital version of the…
Council Post: Three Truths About Retail Media Networks
Brian Mandelbaum, CEO at Attain. It's no secret that retail media is reshaping the advertising space in a big way: The retail media sector is now a $50 billion market, up from $13 billion in 2019. Large retailers like Amazon, Kroger, Walmart and…
The Next Generation Of Retail Media Is Here. Are You Ready?
Retail Media Networks are increasingly essential in how retailers and manufacturers generate revenue and reach consumers with targeted advertising. These networks are effective as shoppers grapple with inflation and demand deals from all retailers…
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Retail traders tiptoe back into U.S. stocks after 3-month hiatus
June 9 (Reuters) - Retail trading in U.S. stocks is starting to pick up again after months of slowdown, data showed, as the hype around artificial intelligence (AI) and a tamer interest-rate outlook prove hard to resist. U.S. inflows from…
What All the Single Ladies (and Men) Say About the Economy
Aftershocks from the coronavirus pandemic continue to rumble across the U.S. economy, and Signet Jewelers shared a surprising one this week: The company is selling fewer engagement rings this year because, it says, singles who were stuck at home…
NYC loses nearly 40,000 retail jobs since pandemic: survey
The number of retail jobs in New York City plunged by nearly 40,000 compared with pre-pandemic levels as remote work, automation and the rise of e-commerce have caused businesses to cut hiring, according to an industry survey released Thursday. The…
Mike Ashley's retail empire takes £75m stake in AO World
Frasers Group has taken a £75m stake in AO World, as the retail empire founded by Mike Ashley continues to strike side deals under new chief executive Michael Murray. The Sports Direct owner said after markets closed on Friday it had acquired…
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China mutual fund sales dry up amid market gloom
[1/2] An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas Peter HONG KONG, June 9 (Reuters) - Money managers in China are struggling to lure retail investors, with…
Walgreens unveils Chicago store with only two aisles and most products kept out of sight | CNN Business
Walgreens just opened a redesigned store in a downtown Chicago neighborhood where most of the merchandise is intentionally kept out of sight. The store, located on 2 East Roosevelt Road, at one point offered a typical Walgreens shopping experience…
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