Retail Sales Drop 6.2% In March; Apparel Retailers Take A Big Hit
As might be expected, the store closures and stay-at-home orders necessitated by COVID-19 have hit retail hard, causing…
News April 15
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Best Buy Furloughs 18% Of Store Employees As COVID-19 Depresses Sales
The surge in consumers buying home office equipment and video games has sheltered Best Buy from the worst…
News April 15Walmart Introduces At-Risk-Only Curbside Pickup Windows At 2,400 Stores
Walmart is launching a special curbside grocery pickup hour for those most at-risk for COVID-19 at 2,400 stores.…
News April 14Citing COVID-19 Sales Impact, True Religion Again Files For Bankruptcy
True Religion has filed for its second Chapter 11 bankruptcy in three years, becoming the first major retail…
News April 14Amazon To Hire An Additional 75,000 Workers As E-Commerce Demand Grows
Amazon is building on the momentum of its earlier 100,000-person hiring blitz with plans to hire as many…
News April 14
EBay Taps COO Of Walmart E-Commerce As New CEO
EBay has named Jamie Iannone, current COO of Walmart e-Commerce, as its new CEO. Interim eBay CEO Scott…
News April 13
LocatorX Raises $6.6 Million, Names UPS Executive To Board Of Directors
LocatorX, a tracking technology solution provider, has raised $6.6 million over the past year to support continued development…
News April 13
Bringg Raises $30 Million As COVID-19 Expands Delivery Volumes
Bringg, a delivery orchestration platform, has raised $30 million in a series D funding round led by Viola…
News April 10Tapestry Closes More Stores; Advance Auto Parts Ups Omnichannel Offerings Despite Slower Sales
Brands are continuing to evolve their responses to the COVID-19 pandemic. Tapestry is extending its store closures across…
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