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Market Buzz& Industry News

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Survey: Consumers will shop early, online this holiday season

09/27/2020


A survey demonstrates most consumers will maintain traditional holiday spending habits, with a couple of modern twists.

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Online apparel reseller Poshmark files for IPO

09/27/2020


Poshmark Inc. is looking to go public.

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Amazon expanding Canadian tech hub workforce, footprint

09/27/2020


Amazon is creating 3,500 new corporate and tech jobs north of the border and leasing additional office space to house them.

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Charming Charlie in retail comeback with first store – and more to come

09/27/2020


Charming Charlie is back in business months after closing its 261 locations nationwide and selling its trademark at a bankruptcy auction. 

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Amazon makes it official – Prime Day is coming Oct. 13-14

09/27/2020


Amazon's annual sales extravaganza is back — just in time to give the holiday shopping season an early kickoff.

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Survey: Consumers often struggle with e-commerce sites

09/27/2020


Four in 10 consumers have difficulty with basic tasks on retail websites, with negative implications for e-tailers.

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Bed Bath & Beyond taps former Target exec for new role

09/27/2020


Bed Bath & Beyond continues to shore up its leadership ranks with new hires.

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Allbirds raises new funding to support store expansion, new product categories

09/27/2020


The pandemic hasn’t put a dent in Allbirds ability to raise cash.

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Kroger will bring next-gen fulfillment center to Michigan

09/27/2020


The Kroger Co. is following through on a promise to construct a leading-edge automated warehouse facility in the Great Lakes region.

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Syracuse mall asks tenants to leave, shuts for good

09/24/2020


Gov. Andrew Cuomo stalled the opening of malls in New York, requiring that air filtration systems be upgraded before they could allow customers in, but ShoppingTown Mall in DeWitt, N.Y., could only let in the rain.

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Dollar General chief merchant departs; successor named

09/24/2020


There’s been a change in the C-suite at Dollar General.

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Ipsos: Consumer confidence holds steady

09/24/2020


Consumers are not getting any more confident in the economy, but not getting significantly less confident, either.

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J.Jill gets more breathing room on forbearance

09/24/2020


J.Jill has once again received an extension on two forbearance agreements as it restructures its debt out of court.

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Costco Q4 sales climb; annual profit hits milestone

09/24/2020


Costco Wholesale Corp. ended its fiscal year on a strong note as consumers continued to shop its stores to stock up on items amid the pandemic.

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U.S. retailers get their own Singles Day

09/24/2020


A new October omnichannel sales extravaganza looks to compete with Prime Day and the 11.11 Global Shopping Festival.

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REI will become carbon neutral in 2020

09/24/2020


REI is completing a 14-year commitment to achieve carbon neutrality in its operations.

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Exclusive Q&A: Lands’ End begins omnichannel design with customer

09/24/2020


Chain Store Age recently spoke with Sarah Rasmusen, chief customer officer of vertical specialty apparel retailer Lands’ End, about the company’s highly customer-centric approach to providing an omnichannel shopping environment.

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J.C. Penney promotes supply chain sustainability

09/24/2020


The J.C. Penney Co. is pursuing three major initiatives to minimize the environmental impact of its supply chain activities. 

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Patagonia names new CEO

09/24/2020


Patagonia has promoted an insider to chief executive.

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Survey: Brick-and-mortar shoppers expect digital services

09/24/2020


A new survey indicates a strong omnichannel customer experience is key to physical store success.

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Neiman Marcus exits Chapter 11 bankruptcy

09/24/2020


Neiman Marcus Group has emerged from bankruptcy protection, with new owners and a lot less debt. 

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Three e-commerce predictions for a Walmart investment in TikTok

09/24/2020


If a deal is struck allowing TikTok to continue operating in the U.S., Walmart will likely serve as its exclusive digital commerce provider.

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Bed Bath & Beyond closing these 63 stores by yearend

09/23/2020


Bed Bath & Beyond has unveiled the first group of stores that it plans to shutter as part of its ongoing restructuring efforts.

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Ulta Beauty suspends entry into Canada

09/23/2020


Ulta Beauty is putting all its focus on its U.S. operations amid the pandemic.

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Academy Sports and Outdoors sets IPO terms

09/23/2020


Academy Sports and Outdoors is looking to raise $250 million for its initial public offering. 

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Report: Amazon selects second high-tech grocery store site

09/23/2020


Amazon is reportedly bringing its new Amazon Fresh grocery format to Whittier, Calif.

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Rite Aid Q2 loss narrows, sales top Street; gives upbeat forecast

09/23/2020


Rite Aid Corp. narrowed its quarterly loss as sales continued to rise during the pandemic.

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Gap revamps rewards program across core brands

09/23/2020


Gap Inc. is introducing a new corporate loyalty program that will be individually branded for its four major store banners.

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Target reveals holiday hiring plans – with focus on online orders, safety

09/23/2020


Target Corp. laid out its holiday staffing plans for a holiday season that it said “will be unlike any other.” 

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CarMax drives omnichannel experience coast to coast

09/23/2020


The largest used car dealer in the U.S. has integrated its in-store and online channels nationwide.

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Kroger debuting health platform with a little help from famous friends

09/23/2020


The Kroger Co. is launching a new Wellness Experience platform, and pop star Jewel is helping spread the news.

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Neiman Marcus Group reportedly in major headcount reduction

09/23/2020


The Neiman Marcus Group is starting to cut back on staff as it prepares to emerge from Chapter 11 bankruptcy protection.

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Walmart tunes in to TV ad metrics

09/23/2020


Walmart is entering into a new partnership which will provide advanced measurement of its TV advertising efforts.

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New York regional bank invests in safety with air purification system

09/23/2020


Pioneer Bank has taken a proactive approach to indoor air quality across its network.

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Amazon certifies eco-friendly products; Climate Pledge gains momentum

09/23/2020


Amazon is introducing a new initiative to help customers discover and shop for sustainable products.

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Industry group working to phase out barcode-based coupons

09/23/2020


The Coupon Bureau is developing a universal digital coupon.

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Survey: 50% of retailers received some form of rent relief from landlords

09/23/2020


Compromises between retailers and their landlords on outstanding rent obligations has been crucial to many retailers’ survival during the pandemic. 

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Sephora launches same-day delivery via Instacart

09/23/2020


A leading specialty beauty retailer is the latest non-grocer to collaborate with Instacart for same-day online delivery.

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Report: Amazon denies ties to ‘Prime Bike’

09/22/2020


Amazon may not yet be directly competing with Peloton.

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Mexican men’s retailer integrates order management across channels

09/22/2020


Haber Holding is enabling omnichannel shopping by centralizing its view of inventory and fulfillment.

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Walmart to hire 20,000 seasonal employees to help with online orders

09/22/2020


Walmart is beefing up its e-commerce workforce — starting immediately — in anticipation of a busy holiday season online. 

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QuickChek rewards consumers on the go

09/22/2020


QuickChek Corp. is rolling out a mobile scan-based loyalty program.

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Michaels’ exec joins leadership team at Bed Bath & Beyond

09/22/2020


Bed Bath & Beyond has made a critical hire on its road to becoming a digital-first operation.

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Report: Amazon sets Prime Day for Oct. 13-14

09/22/2020


An internal Amazon email reportedly indicates the e-tail giant will hold the 2020 edition of its Prime Day online sales extravaganza in mid-October.

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New furniture store concept to debut

09/22/2020


Loves Furniture & Mattresses has announced its first locations.

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Giant Eagle eyes fast, accurate curbside fulfillment

09/22/2020


A Midwest/Mid-Atlantic supermarket retailer is equipping its curbside pickup program with mobile location services.

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Forrester: More than 25% of all retail sales will take place online by 2024

09/22/2020


Total retail sales in North America will decrease this year while online sales will experience their fastest growth since 2008.

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Sam’s Club enters telehealth market

09/22/2020


A leading warehouse club chain is the latest retailer to offer telehealth services to its customers.

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Westfield introduces SafeGuard hygiene certification at malls

09/22/2020


One of the most troubling issues mall owners and operators are attempting to get a handle on as they prepare for the holiday season is convincing shoppers that their properties are safe.

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Cushman veterans exit to form ‘new age’ retail brokerage

09/22/2020


The Cushman & Wakefield brokers who helped Restoration Hardware and Showfields forge a new era in experiential retail in New York City have left the firm to cultivate the trend within their own company.

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