Retail News and Trends | Retail Dive

Time 2020-09-26 07:03:34

Web Name: Retail News and Trends | Retail Dive

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The 30-year-old retailer continues to drive loyalty and promise even in a pandemic. Read more ➔ Atweet this week resurfaced comments the club s co-founder made to CEO Craig Jelinek, including, If you raise the effing hot dog [price], I will kill you. How will retail evolve over the next 5 years? This report outlines the capabilities and tech most likely to drive success in an uncertain future. Citing the current operating environment, the beauty retailer said its global expansion is suspendedwhile it shifts to focus on U.S. growth. Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night The retailer is gearing up for an online-heavy season as it also boosts categories in demand amid the pandemic. What started out as a beautiful romance ended up incourt in Delaware. Here s the soundtrack to the dissolution of a corporate relationship. The retail giant has refined its stable of brands through partnership, acquisition, expansion, revitalization and divestment. Why did the retail giantlaunch a membership service, andcan it compete with Prime? Senior Reporters Daphne Howland and Ben Unglesbee break it down. The retailer is coming off a disastrous 2019 holiday performance and headed into a season disrupted by the pandemic. Elections are an opportunityfor businesses to embrace bipartisan action, overt activism and selling merch. The appointment followsthe company s decision tolayoff 5% of its workforceas it continues to streamline operations. The apparel company is boosting its digital operations and cutting merchandising as it works to evolve despite unprecedented unknowns. The revenue win comes as the athletics retailer continues to accelerate its digital strategy and prioritizeowned channels over wholesale. Walmart+ trades the retail giant s always low prices promise for an exclusive convenience play that, so far, its online rival is winning. The apparel retailer is putting up its reorganization plan for a creditor vote as it aims to shed $1 billion in debt and emerge healthier. The company maintains thatdirect-to-consumer distribution is itsfuture, which is reflected in its warehousing investments. The just-opened supermarket will feel familiar to shoppers, butthe company hopes its focus on low prices and reduced shopping friction will help it stand out. Amazon partnered with the financial companythis summer on a similar initiative with higher credit limits. The fulfillment tech comes after the home improvement retailer reported a 135% year-over-year surge in website sales during the second quarter. As the next generation of consoles finally nearsrelease, analysts are signaling more confidence in the struggling gaming retailer. Thepandemic has boosted BOPISofferings, especially as retailers highlight pickup as a safe alternative to in-store shopping. The retailer hasattemptedto elevate its fashion, without matchingTarget s success. It may need to if it s goingto offset its growing e-commerce costs. Red Lobster teamed up with PepsiCo to offer consumers a one-of-a-kind alcoholic beverage in an attempt to get us through the rest of the year. The Nike Air Maxhub willmergecontent with commerce via a digital tool that is endemic to sneaker culture. Consumers can shop through individual creatives photos and livestreamson a homepage curated fromtheir preferences. Hudson Yards, American Dreamand Nordstrom s New York City flagship all opened before COVID-19 shut everything down. But are flashy retail destinations now obsolete? The consultancy added October sales in its forecast for 2020 to account for shifts retailers and consumers are making in a pandemic. Get Retail Dive in your inbox The free newsletter covering the top industry headlines Topics covered: retail tech, e-commerce, in-store operations, marketing, and more. Get Retail Dive in your inbox The free newsletter covering the top industry headlines Topics covered: retail tech, e-commerce, in-store operations, marketing, and more.

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