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Target EVP and Chief Digital and Revenue Officer Sarah Travis on the Target Plus Marketplace Strategy
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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 make a “gradual” recovery following a strong reopening effort. The company also…
News June 10
The Looming Spike In Returns Abuse
Consumer-friendly and flexible return policies can be the difference between getting a new customer and losing a sale. According to proprietary research conducted by Forter, 23% of shoppers will abandon…
Executive Viewpoints June 10Klarna 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 out in the U.S. in June, before being extended to Germany, Australia,…
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, Walmart will commit $100 million over the next five years to create…
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 restructuring effort that will result in the company putting more emphasis on…
News June 9
Your Frontline Will Make Or Break Your Retail Restoration Plan
It has never been harder to be a frontline employee. Associates have to take extra precautions to protect themselves and others from infection. They’re also working with customers who are…
Executive Viewpoints 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 during the past two years, according to a new Coresight Research report…
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 footprint and a careful analysis of store performance and future strategic fit…
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 grew 81% year-over-year in May, led by sportswear and sporting goods (216%),…
News June 8
