Macy’s Projects 45% Q1 Sales Drop, Secures $4.5 Billion To Maintain Liquidity During Recovery
Macy’s reported a preliminary Q1 2020 sales decline of 45%, to $3 billion, but the retailer expects to…
News June 10
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Klarna Launches Global Multi-Retailer Loyalty Program
Klarna, a buy now/pay later payments provider, has introduced the Vibe loyalty program. The no-fee offering will roll…
News June 9Walmart Pledges $100 Million To Create Racial Equity Center
Responding to the mass protests that have been catalyzed by the death of George Floyd in police custody,…
News June 9
G-III Apparel Closes All Wilsons Leather And G.H. Bass Stores In Shift Toward Wholesale
G-III Apparel Group will close all 110 Wilsons Leather and 89 G.H. Bass stores, as part of a…
News June 9Better Retailer-Supplier Collaboration Impacts 20% Of Revenue For Each
A large majority of global grocery/CPG retailers and suppliers report that collaborations between the two parties have improved…
News June 8JCPenney Identifies 154 Stores Slated For Permanent Shutdown
On June 12, JCPenney will begin permanent closures of 154 stores, “following a comprehensive evaluation of its retail…
News June 8May E-Commerce Sales Up 81%, But Total 2020 Retail Sales Still Expected To Drop 10.5%
Brick-and-mortar stores are beginning to reopen in some geographies, but e-Commerce is still riding high: online retail transactions…
News June 8LVMH Refutes Rumors Of Tiffany Deal Renegotiation
LVMH Moët Hennessy Louis Vuitton (LVMH), which announced an agreement in November 2019 to acquire Tiffany, is pushing…
News June 5Gap Reports 43% Sales Drop In Q1 As Store Closures Outweigh 13% E-Commerce Growth
Gap was hit hard by the closure of 90% of its stores during Q1 2020, resulting in a…
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