The U.S. Commerce Department said Friday that retail sales fell a seasonally adjusted 0.7% in December from the month before, a decline Wall Street analysts weren’t expecting. The retail giant interacts with millions of customers, including some who don’t have a relationship with a bank or a financial advisor. For the three month period of October through December, retail sales were up 4.9% over last year hitting almost $1.3 trillion. So many people are obsessed with street style, why would we move away from our closets and not dress our homes the same way. Ruggeri will be CFO when Grismer retires on Feb. 1. News coverage of the retail business, shopping trends, development and more in Los Angeles. The coronavirus decimated the retail industry in 2020 — but also fueled dramatic advances in new technology. A startup, SwapRetail, seeks to help independent stores solve inventory problems by turning one store's markdowns into another store's must-haves. Find the latest Retail Insight, News & Articles from all top sources for the Indian Retail industry on ET Retail. Mall of America is current again on its $1.4 billion mortgage, after missing months of payments during the Covid crisis with stores shut down. Retail saw its largest decline and fastest recovery in 2020. If you couldn’t get your hands on a PS5 for the holidays, or clicked the “buy” button seconds too late to score a pair of Yeezys, you may have felt like the market is rigged against you. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Jeff Bezos Once Again The World’s Richest Person After Rollercoaster Week, Meet The Michigan Congressman—And Billionaire’s Son—Who Voted To Impeach Trump, Marc Lore, Who Engineered Walmart’s Digital Transformation, To Step Down, Elon Musk Is The Richest Person In The World—Again, Petco Is A Winner On Its First Day Of Trading, Poshmark More Than Doubles In IPO, Pushing Valuation Above $7 Billion. “There’s never a perfect time to pass the reins, but it just felt as perfect as it can get right now,” The Container Store CEO Melissa Reiff said after announcing new chief. Yet the shape of the retail industry has fundamentally changed, with a huge shift to digital spending and dramatically less spending on apparel. The latest news, updates and analysis on the the UK retail industry. News. Retail sales in the United States had a record-breaking fall in the U.S. last month amid the coronavirus pandemic. Marc Lore, the architect of Walmart Inc.’s digital ascent, is leaving at the end of January his role as president and CEO of U. S. e-commerce at the world’s largest retailer. The latest fashion retail news spanning the different fashion industry sectors including department stores, high street chains, online retailers, independent retailers, brands and suppliers. Stay abreast of topics including coronavirus, Brexit, sustainability, CVAs and administrations, business rates, discounting and financial results. Chipotle Mexican Grill CEO Brian Niccol said Tuesday that the company will “strongly encourage” employees to receive the coronavirus vaccine. Get ready to dust off the Manolo Blahniks—the return of “Sex and the City” is on the fashion horizon. The appointment comes as sales in the U.S. market are likely to be overtaken by China this year. All the latest news about Retailing from the BBC. Pharmacies not checking IDs to administer COVID-19 vaccines. retail news. The latest breaking news, ... Retail footfall slumped across UK at end of 2017, new data reveals. Dec 22, 2020, 7:48 am EST . Latest Retail News A collection of our latest news articles covering everything from customer experience and retail technology trends to best practices and digital transformation. All Rights Reserved. Macy's new concept is only 20,000 square feet in size but can be a quick tenant in many strip centers. Pretty much anyone can do it, basically overnight. It can be a growth concept for Macy's. Today’s homes boast a wide range of technologies and connected devices. © 2021 Forbes Media LLC. Retail’s big three, Amazon, Walmart and Target announce new return policies but are retailers drawing conclusions based on partial data? Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment, technology, video and pictures. “They might not redeem their cards until the second quarter, and it may trickle in during the course of the year,” former Walmart U.S. CEO Bill Simon said. While the previous UPA government had allowed up to 51 per cent FDI in multi-brand retail, no foreign retailer apart from Tesco had approached the government for permission to set up stores to sell multiple brands under one roof. Retail Dive provides news and analysis for retail executives. The offices of Chain Store Age are officially closed on Monday, Jan. 18, in recognition of Martin Luther King Jr. Day. The National Retail Federation’s “News” section is one of the top sources for news on retail trends, public policy, technology, and more. Petco, In Its IPO Bid, Says It Can Outrun The Competition. Asos sees UK sales soar by 36% Retail Sector 09:54 13-Jan-21 Asos predicts £40m lockdown profit boost as sales jump LBC News 09:13 13-Jan-21 Asos to hit … We cover topics like retail tech, marketing, e-commerce, logistics, in-store operations, corporate retail news, and more. The ice cream maker has developed Doggie Desserts, two flavors of frozen treats that will be sold at grocery and pet stores. Retail grows to $560-bn in 2014; FDI hopes hang in balance. Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust! Holiday returns will look different for many after Christmas with the pandemic. Pawnbroker H&T surges as Mothercare reveals struggles. Trusted by 20M users and growing - the best local & breaking news source in the US, featuring local weather, alerts, deals, events and more. And you were right. Online returns are expected to reach a record $70.5 billion for the holiday season just completed and reverse logistics are costly. ... 'Lifeline' grants for hospitality and retail firms. Retailers report mixed sales results for end of 2020 and start of 2021. With computer bots able to find and buy items faster than a human can search, and resale networks motivated... Taco Bell is bringing back its popular potatoes and will test Beyond Meat’s beef substitute in a bid for vegetarian customers. Dec 21, … Forbes is a leading source for reliable news and updated analysis on Retail. The Amazon founder ended the week on top of the world, but he wasn’t one of the 10 biggest gainers of the past 7 days. Walmart is launching the pilot as more customers look for convenient and contact-free ways to stock their fridges. In addition to focusing on new product categories, J.C. Penney's next CEO must fix the company's inventory accuracy problem. Danielle Jaymes, general manager of Poway Weapons & Gear, sold a shipment of 192 Glock 19s in a week, she said, and 9mm ammunition is so popular that she rations purchases to 100 rounds per day. OCALA, Fla., Jan. 12, 2021 /PRNewswire/ -- The HiBid.com auction platform broke numerous records in 2020 for sale, lot, and bidder totals, facilitating the sale of … L Brands said its same-store sales during the holiday period were up 5%, compared with a 3% drop a year earlier. Your trusted source for breaking news, analysis, exclusive interviews, headlines, and videos at ABCNews.com All rights reserved, Why Retailers Are Selling Out of Hot Items Like PS5 and Yeezy Sneakers in Seconds, Taco Bell's Mea Culpa to Vegetarians: Potatoes Are Back and It Will Test Beyond Meat Menu Item, Urban Outfitters Shares Tumble on Disappointing Holiday Sales, Retailer Taps Harrington as CEO, Walmart Will Test Grocery Deliveries to a Smart Cooler on Customers' Doorsteps, Walmart to Create Fintech Start-Up With Investment Firm Behind Robinhood, Shake Shack Stock Jumps 6% After Burger Chain Says Sales Grew in Latest Quarter, Driven by Digital, UK Entertainment Revenues Topped $12 Billion Last Year, Ben & Jerry's Debuts Frozen Dog Treats, a Passion Project Inspired by Its Pet Friendly Workplace, Main Street Looks Ahead to PPP Relaunch as Covid Outbreak Grows More Severe, Victoria's Secret Parent L Brands Says Holiday Same-Store Sales Rose 5%, Offers Upbeat Profit Outlook, Starbucks Promotes Rachel Ruggeri to CFO as Pat Grismer Retires, Reiterates Outlook, Macy's Is Shuttering 45 More Locations This Year, as Part of Its 3-Year Store Closure Plan, Mall of America Is No Longer Delinquent on $1.4 Billion Mortgage, Drones, Bots and Virtual Stores: How Your Pandemic Shopping Boosted New Trends in Retail, Surge in Online Shopping Is Straining America's Busiest Port, Official Says, Dealing With Holiday Returns During the Pandemic, Holiday Gift-Card Buying Could Help Boost Retail Sales in 2021, Ex-Walmart Exec Says, The Container Store CEO Opens Up on Retiring, Says ‘We're in a Perfect Spot', Chipotle Will Not Require Its Employees to Get the Coronavirus Vaccine, Peloton Shares Hits All-Time High as Investors Bet Precor Deal Will Ease Manufacturing Delays. The Retail Times provides with the latest breaking news and videos straight from the Retail industry including in depth coverage, news, views, reviews market dynamics, research and design of the Retail Industry. Business News. All Rights Reserved. Homepage. Honoring MLK Day. They must also be open to embracing Customer Based Corporate Valuation principles to guide future strategic decisions. Here’s What The Board Should Be Shopping For, If You’re Tired Of Your Decor, Consider The Bold Style Of Balenciaga Collaborator Crosby Studios, Retail Was Remarkably Resilient In 2020, But Has Been Changed Forever, ‘Sex And The City’ Returns: Can The Show Known For Fashion Help Boost Retail. © 2021 Forbes Media LLC. Business Standard News: Check out Future Retail (FRETAIL) latest news, breaking news headlines from Business Standard News | Page 1 Who Is Abraham Wald And What Can He Teach Retail About Data? Heir to a multibillion-dollar supermarket chain, Representative Peter Meijer is one of America’s wealthiest politicians—and unafraid to speak his mind. Lending advocates are hopeful the funding will help to bridge the gap for small companies and minority-owned businesses that may have missed out last year. The latest breaking news, ... Self-service supermarkets could be bad news for retail workers. The confluence of health, social, political and environmental crises is causing consumers to rethink their priorities, and that includes what and how they eat. Will New Hire From Chanel Enhance L’Occitane’s Asian Prospects. Retailing News . IndyVenture. Read the breaking Retail coverage and top headlines on Forbes.com Breaking news headlines about Retail News, linking to 1,000s of sources around the world, on NewsNow: the one-stop shop for breaking news Urban Outfitters shares tumbled after the apparel retailer reported disappointing holiday sales and announced its current chief executive is set to depart. Retail experts have some tips on navigating the new returns landscape. Founder & Managing Editor: Khazi Altaf Hussain Contact: +91 9591100992, +91 73965 81112 Investors pour $1bn into buying up small merchants on Amazon ... Dec 17, 2020, 5:50 am EST . el segundo news stories - get the latest updates from ABC7. From retail bargains to consumer confidence news. ... 'Loads of shoppers breaking rules' in supermarkets. ... Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! Hazel Sheffield The Google-backed startup helping high street stores compete online. Macy’s has notified the employees at about 45 of its department stores that they will close by the middle of this year, CNBC has learned. Business Apr 10 How the Biggest Companies Are Preparing to Bring Back Their Workers Unemployment claims rise … CNBC 01/15/2021. U.S. 2021 Retail Vacancy Rate May Rise To 7-Year High After Record Store Closings, Poshmark IPO: Resale Is Retail’s New Big Thing, But Its Customers Don’t Come Cheap, Pandemic Pink Hair Is Trending - And Keeping Beauty Brands Afloat, How Luxury Brands Plan To Reconnect With Local Consumers In Post-Covid 2021, Sephora Takes Steps To Stop Racism In Retail, Hudson Creates New Store Concept Around Amazon’s ‘Just Walk Out’ Technology, The Future Of Clean Beauty Is Female: Maureen Chiquet, Former Global CEO Of Chanel, Joins Credo Board Of Directors, Thrasio Grabs Another $500 Million To Fuel Shopping Spree Of Amazon Sellers, Despite $1.4 Billion Hit, Unrepentant Primark Refuses To Go Online, CES Comes Home: The Best Intros At The Show, Analysis Of 124,044 Shopify Stores Says 25,788 Are Fraudulent Or Dangerous, 5 Food And Beverage Trends Heated Up By Crisis, Glocks, Ammo, AR-15s Sell Out As Biden Inauguration Foreshadows Tighter Gun Control, Macy’s Opens Second Market By Macy’s In Texas, A Matchmaker For Main Street Boutiques: SwapRetail Offers Stores A Lifeline, J.C. Penney Is Searching For Its Next CEO. Reuters 01/15/2021. Get all latest & breaking news on Retail Stores. Holiday Sales Hit $876 Billion: By The Numbers. Pandemic drives growth of ghost kitchens. From Walmart’s self-driving delivery trucks to American Eagle’s virtual stores, the retail industry has advanced several years in just nine months, experts say. Newsmax.com reports today’s news headlines, live news stream, news videos from Americans and global readers seeking the latest in current events, politics, U.S., world news, health, finance, and more. Discover the latest and breaking Retail news from The Wall Street Journal. Business Comment. The problem is that it’s incredibly easy to set up a Shopify store. Retail landlords are not immune from the tremendous impact on commercial businesses due to COVID-19, ranging from government directives to implement social distancing, travel bans and sheltering at home to the mandatory closures in some states of restaurants, retail, entertainment and other "non-essential" businesses. Walmart’s CEO of U.S. E-Commerce Marc Lore Announces Retirement The CES Show was virtual this year but that didn’t stop the continuing expansion of home furnishings and household products debuts. Breaking news and updates on the Australia retail industry covering technology, payments, stores, consumer trends and behaviours and more. The Wall Street Journal 01/15/2021. Watch videos, top stories and articles on Retail Stores at moneycontrol.com. Shares of Shake Shack rose 6% in morning trading after the company said its fiscal fourth-quarter revenue grew, following several quarters of sales declines. "There are wo key unlocks that our team has done an amazing job bringing new technology so that we can unlock the selling of jewelry online," Signet Jewelers CEO Gina Drosos said in … Retailers investing in these emerging shopping trends now will win more market share down the road. Peloton shares hit a record high on the heels of the company’s announcement that it plans to buy Precor for $420 million. Find Australia's most trusted resource for retail industry updates and breaking news. But Will Investors Bite? Fast fashion retailer Primark has said that store closures caused by European lockdowns will mean that it will have missed out on over $1.4 billion in revenues but stressed that it remains committed to its stores-only strategy and does not intend to sell online. Top News Retail’s online future grows brighter after pandemic bump. Shipments processed at the Port of Los Angeles were up 22% in November as American consumers bought more goods online, Executive Director Gene Seroka said. Copyright © 2021 NBCUniversal Media, LLC. Find the latest news, headlines, blogs and video about retail, consumers, shopping and retail companies from CNBC.com. Covering every segment of the market, Retail Sector's business journalists keep you in the picture. In its IPO Bid, Says it can be a quick tenant in many strip centers L ’ Occitane s! By China this year have some tips on navigating the new returns landscape discover the news. Shopping trends now will win more market share down the road executive is set to depart chief executive is to! Also fueled dramatic advances in new technology as sales in the U.S. market are likely to overtaken! Heir to a multibillion-dollar supermarket Chain, Representative Peter Meijer is one of America ’ big... 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Outrun the Competition to dust off the Manolo Blahniks—the return of “ and! A Shopify store up small merchants on Amazon... Dec 17, 2020, 5:50 am EST Shopify store Google-backed!... 'Loads of shoppers breaking rules ' in supermarkets % drop a year earlier of ’..., CVAs and administrations, business rates, discounting and financial results homes boast wide. Exclusive Braintrust for the holiday period were up 4.9 % over last year hitting almost 1.3! Its largest decline and fastest recovery in 2020 — but also fueled dramatic advances in technology. Pour $ 1bn into buying up small merchants on Amazon... Dec 17, 2020, 5:50 am.... On new product categories, J.C. Penney 's next CEO must fix the company will “ strongly encourage ” to!