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Apparel's pandemic 'shock' will be felt into 2021, Moody's says
News 2 weeks ago
Apparel's pandemic 'shock' will be felt into 2021, Moody's says
Source Retail Dive

Full-price apparel sellers started the year with a long list of troubles. Among them: Declining foot traffic to malls; expanding competition from...

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TJX, Ross weather the storm in Q1
News 2 weeks ago
TJX, Ross weather the storm in Q1
Source Retail Dive

Off-pricers TJX and Ross held on to many advantages in the first quarter despite challenges wrought by the pandemic. Unsurprisingly, with stores...

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Shopify unveils new pay installment, money management features
News 2 weeks ago
Shopify unveils new pay installment, money management features
Source Retail Dive

Add Shopify to the list of businesses facilitating installment payments for consumers. Over the past few years, platforms like Afterpay and Klarna...

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L Brands to close 250 Victoria's Secret stores
News 2 weeks ago
L Brands to close 250 Victoria's Secret stores
Source Retail Dive

L Brands founder Leslie Wexner officially stepped down as chief executive a week ago, leaving the company at a precarious moment made more dire by...

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Macy's Q1 loss could top $1B
News 2 weeks ago
Macy's Q1 loss could top $1B
Source Retail Dive

Faced with a potential billion-dollar loss for the first quarter and with e-commerce failing to make up for lost sales during the pandemic, Macy's...

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Whole Foods continues to open online-only 'dark' stores
News 2 weeks ago
Whole Foods continues to open online-only 'dark' stores
Source Retail Dive

Whole Foods is being very selective in the stores it's choosing to convert to dark locations, making sure it isn't turning away too many customers...

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Best Buy poised to emerge a 'winner' as it leans on curbside, digital
News 2 weeks ago
Best Buy poised to emerge a 'winner' as it leans on curbside, digital
Source Retail Dive

In the retail world, Best Buy was particularly well equipped to navigate the rapid changes wrought by the COVID-19 crisis. As consumers shifted...

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Brand licensing company Centric files for bankruptcy
News 2 weeks ago
Brand licensing company Centric files for bankruptcy
Source Retail Dive

Considering the weak growth in apparel sales in recent years, Centric's brands were likely already experiencing some challenges. The COVID-19...

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Sales soar at Home Depot, Lowe's in Q1
News 2 weeks ago
Sales soar at Home Depot, Lowe's in Q1
Source Retail Dive

Home improvement retailers in the first quarter, which were deemed essential during the pandemic, have been a bright spot in an otherwise battered...

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Facebook debuts Shops e-commerce initiative for small businesses
News 2 weeks ago
Facebook debuts Shops e-commerce initiative for small businesses
Source Retail Dive

Facebook's introduction of Shops expands on past efforts to bolster mobile commerce, while the coronavirus pandemic has added urgency to helping...

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Former Stitch Fix COO launches AI-powered shopping app
News 2 weeks ago
Former Stitch Fix COO launches AI-powered shopping app
Source Retail Dive

The overall retail sector has seen a decline during the coronavirus pandemic. It's no secret that the outbreak has been especially difficult for...

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Now is the time for retailers to get consumer data right
News 2 weeks ago
Now is the time for retailers to get consumer data right
Source Retail Dive

Bankruptcies are expected across the retail industry. Some will be delayed until consumers return for liquidation sales. Chains that endure will...

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Kohl's swings to $541M loss as closures decimate sales
News 2 weeks ago
Kohl's swings to $541M loss as closures decimate sales
Source Retail Dive

Kohl's is entering a period of cautious reopening of stores with meaningful advantages over some rivals, not least that 95% of its stores are away...

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Ch. 11 is J.C. Penney's best shot at a turnaround, but it's not a sure one
News 2 weeks ago
Ch. 11 is J.C. Penney's best shot at a turnaround, but it's not a sure one
Source Retail Dive

Since filing for bankruptcy, J. C. Penney executives have painted a picture of a hobbled retailer that was on the mend before the COVID-19 crisis...

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Walmart combines grocery, shopping apps
News 2 weeks ago
Walmart combines grocery, shopping apps
Source Retail Dive

The merger of its grocery and shopping apps is the latest effort Walmart has made to enhance consumers' digital shopping experience. And it's...

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Home Depot, Lowe's see record-breaking app downloads
News 2 weeks ago
Home Depot, Lowe's see record-breaking app downloads
Source Retail Dive

The COVID-19 pandemic has placed a renewed focus on essential retailers, pushing them to adopt digital offerings for consumers seeking to shop...

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Office Depot to cut more than 13K jobs, close some stores
News 2 weeks ago
Office Depot to cut more than 13K jobs, close some stores
Source Retail Dive

With office supplies in recent years morphed into a commodity category easily found elsewhere online, Office Depot has attempted to shift its focus...

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Retail Therapy: Ikea creates step-by-step fort instructions
News 3 weeks ago
Retail Therapy: Ikea creates step-by-step fort instructions
Source Retail Dive

The retail world looks different now and there's a lot of uncertainty. Instead of highlighting the absurd products we normally do, we're looking...

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Apparel collapse drags down retail in April
News 3 weeks ago
Apparel collapse drags down retail in April
Source Retail Dive

As stores began shutting down in March, leaving most if not all nonessential stores dark in April, e-commerce promised to save the day. But that...

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Dillard's swings to $162M loss as Q1 sales plummet 47%
News 3 weeks ago
Dillard's swings to $162M loss as Q1 sales plummet 47%
Source Retail Dive

Dillard's was slow to close some stores as the pandemic ramped up in the U. S. and now is being assertive in reopening the ones it did. But the...

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Landlords push back on J. Crew's plans to skip rent in Ch. 11
News 3 weeks ago
Landlords push back on J. Crew's plans to skip rent in Ch. 11
Source Retail Dive

These are tense times in the relationship between many landlords and retailers. While no doubt many are having productive discussions about how to...

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Apparel faces post-pandemic decline even as stores reopen
News 3 weeks ago
Apparel faces post-pandemic decline even as stores reopen
Source Retail Dive

As stores in some areas of the country move to reopen, there's evidence of some pent-up demand. But apparel retailers must brace themselves for a...

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COVID-19 changed the stakes for e-commerce. Do fulfillment networks need to change too?
News 3 weeks ago
COVID-19 changed the stakes for e-commerce. Do fulfillment networks need to change too?
Source Retail Dive

Before the U. S. detected its first known case of COVID-19, e-commerce was at best a growth opportunity and at worst, a thorn in the side of many...

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Hedge fund pushes for Neiman Marcus-Saks Fifth Avenue merger
News 3 weeks ago
Hedge fund pushes for Neiman Marcus-Saks Fifth Avenue merger
Source Retail Dive

After gobbling up department stores on two continents, HBC has more recently done an about-face, divesting itself of holdings in Europe and the U....

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Staffing in a pandemic: Which retailers have furloughed, laid off or hired employees
News 4 weeks ago
Staffing in a pandemic: Which retailers have furloughed, laid off or hired employees
Source Retail Dive

As stores remain closed to customers in many parts of the country, retailers are generating significantly less revenue than they're accustomed to,...

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Suitsupply debuts in-store partitions, virtual browsing sessions
News 1 month ago
Suitsupply debuts in-store partitions, virtual browsing sessions
Source Retail Dive

Since the coronavirus pandemic has forced retailers to close, Suitsupply joins other retailers in strategizing how to reopen safely. The retailer...

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J. Jill downgraded on 'very dim turnaround prospects'
News 1 month ago
J. Jill downgraded on 'very dim turnaround prospects'
Source Retail Dive

J. Jill had problems well before the pandemic struck. The women's apparel seller's income swung to a $128.6 million loss last year as its...

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Gap Inc. has plans to reopen 800 stores by the end of May
News 1 month ago
Gap Inc. has plans to reopen 800 stores by the end of May
Source Retail Dive

Last month, Gap Inc. warned that many of its stores won't ever reopen, citing the likelihood that apparel sales will remain weak even once stores...

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Pandemic highlights the limits of store-based online fulfillment, experts say
News 1 month ago
Pandemic highlights the limits of store-based online fulfillment, experts say
Source Retail Dive

The explosive growth in demand for online grocery shopping services driven by the coronavirus is poised to redefine the supermarket business'...

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And the malls come tumbling down
News 1 month ago
And the malls come tumbling down
Source Retail Dive

By the time the COVID-19 pandemic led to the temporary closure of nearly all retail, traffic at America's malls for years had already been steadily...

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