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NRF Forecasts Retail Sales Could Grow by up to 8.2% in 2021
Accelerating vaccine rollouts combined with pent-up consumer demand will drive 2021 U.S. retail sales to at least $4.33 trillion, according to the National Retail Federation (NRF). That total would represent…
News February 24
Belk Files for Chapter 11, Plans ‘One-Day Reorganization’
[Editor’s Note: In a statement released after this story was published, Belk announced that it had successfully completed its one-day restructuring and exited Chapter 11 bankruptcy.] 133-year-old department store chain…
News February 24
With $1 Billion Investment, Estée Lauder Advances Toward Full Ownership of Startup Beauty Brand
Estée Lauder Companies (ELC) is increasing its investment in Deciem Beauty Group by approximately $1 billion to take a 76% majority stake in the cult skincare brand and establish terms…
News February 24
Walgreens to Launch Same-Day Delivery at Nearly 8,000 Stores
Walgreens will offer same-day delivery across Illinois through a partnership with Instacart, with plans to bring the service to nearly 8,000 stores nationwide in the coming weeks. Customers can place…
News February 24
Despite COVID, Spanish Retailer Rolls Out RFID Across 125 Stores in One Month
Editor’s Note: A version of this article originally appeared in RFID Journal. Spanish fashion retailer Encuentro Moda is deploying a radio frequency identification solution across its 125 stores, both to…
Features February 24
Food and Beverage Retailers Need Hard Data from Brands to Support Sustainability
Consumers want to know about the paths their food and drinks take from the farm to their pantry. And they want this pathway to feature sustainable choices by food producers,…
Executive Viewpoints February 24
Heinen’s Enhances Pricing by Adopting Competitive Intelligence Platform
Heinen’s, a grocery chain with stores in Ohio and Illinois, has partnered with Engage3 to expand its omnichannel visibility and analytics. The retailer will tap the Engage3 Competitive Intelligence Management…
News February 23
Macy’s Returns to Profitability in Q4 Despite Same-Store Sales Dip; Digital Grows 21%
Macy’s Q4 and full-year 2020 results show signs of a turnaround for the department store, hard hit, like many of its counterparts, by the COVID-19 pandemic. Net income for the…
News February 23
SoundCommerce to Use $15M in New Series A Funding to ‘Enable the DTC Model’
Data platform provider SoundCommerce has raised $15 million in Series A funding, money that will be used to scale the business and build out a client roster that already includes…
News February 23
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