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Starbucks Could Lose $3.2 Billion To COVID-19, But It Will Forge Ahead With More Pickup Options
Starbucks expects a revenue loss as high as $3.2 billion for Q3 2020 due to the COVID-19 pandemic, according to a letter to shareholders seen by CNBC. However, the company…
News June 10
Fitz Frames Uses App-Based Facial Mapping, 3D Printing To Refocus Eyewear Retail
Heidi Hertel was a mom of three whose daughters needed eyeglasses, but she found the process frustrating. Kids’ eyewear was limited in selection and designed to fit a large range…
Features June 10Macy’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 8
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