Coronavirus / COVID-19 News & Media
Despite pandemic, tepid economy, consumers spending pretty much the same as last year
March 11, 2021
Consumers are cautiously optimistic in regard to spending this year as 74% expect to spend the same or more online than last year on clothing and jewelry and…
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Congress approves $1.9T stimulus bill
March 10, 2021
Congress on Wednesday approved President Biden's $1.9 trillion stimulus package by a vote of 220-211 to provide pandemic aid, one of the largest federal aid…
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Victoria's Secret to shutter more stores this year
March 1, 2021
After closing more than 200 stores in 2020, high-end lingerie retailer Victoria's Secret aims to close several dozen more in 2021.
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Best Buy to trim store locations despite healthy profits
March 1, 2021
Best Buy will close more than 20 stores this year despite a healthy cash balance sheet and solid profits.
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Fry's Electronic goes out of business in quiet fashion
March 1, 2021
Retailer Fry's Electronic closed all of its 31 U.S. stores last week with no fanfare or notice after 40-plus years in business.
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TJ Maxx leader expects spend surge, revenge shopping ahead
February 26, 2021
Once COVID-19 vaccinations are widely available TJ Maxx's CEO Ernie Herrman expects a surge in consumer spend and "revenge shopping" to hit the retail sector.
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Consumers' love for digital, social continues to grow
February 25, 2021
Nearly half of the global population is tapping one social media platform and not just to stay in touch during the ongoing pandemic.
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Home Depot's Q4 boasts record breaking sales, earnings
February 24, 2021
Despite an ongoing pandemic, home improvement retail Home Depot had a record-breaking Q4 sales and earnings.
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January retail sales reflect strong start for 2021
February 24, 2021
January was a busy month for consumers and retail sales illustrate a "very strong start" to the year, according to the National Retail Federation.
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Online grocery sales hit $9.3B in January
February 23, 2021
January was a busy month at online supermarket sites with total U.S. online grocery sales hitting $9.3 billion for the month.
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Consumers going local, exploring new retail despite pandemic
February 22, 2021
American consumers are supporting small business and local retailers and open to trying new retail brands, according to a Vericast survey on consumer behavior.
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Sam’s Club develops touchless health screening kiosks for associates
February 18, 2021
Sam's Club has developed an automated and 100% touchless health screening kiosk for its associates, according to a company blog.
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How retailers are using video data to make stores safer, more profitable during pandemic
Stephanie Weagle, BriefCam CMO, shares insight on the power of video surveillance today and after the COVID-19 pandemic is no longer a worry.
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30% of fashion brands will close this year, claims survey
February 15, 2021
More than a third of fashion brands (37%) will close stores this year, 56% of retailers will shutter physical stores and 66% of shoppers won't be hitting a…
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Under Armour revenue down but robust e-commerce is a bright spot
February 12, 2021
Athletic wear retailer Under Armour saw revenue dip 3%, to $1.4 billion in its fourth quarter and fiscal year ended Dec. 31, 2020, but direct-to-consumer…
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Valentine's Day will be much more homey this year
February 12, 2021
This year's Valentine's Day celebration is likely going to be a home-based experience for many given the ongoing pandemic.
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Jewelry vending machine to benefit NYC restaurants
February 11, 2021
Marla Aaron, a jewelry designer and East Harlem, New York resident, will take her jewelry vending machine to the streets of New York City for the first time as…
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Valentine's Day business isn't just about romance this year
February 10, 2021
Valentine's Day, the busiest day of the year for florists, isn't just about romance this year as many consumers are using the holiday to express love for those…
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Inventory posing big challenge for clothing retailers
February 8, 2021
There's a looming clothing inventory excess in the U.S. and European retail marketplaces and it's likely to pose a big challenge as retailers strive to recover…
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What economic data tells us about the retail industry in 2020
by Megan Higgins — VP and GM, eCommerce and Marketplaces, Avalara
Megan Higgins, VP/GM, eCommerce and Marketplaces, at Avalara, shares insight on trends and economic changes from the Avalara Commerce Monitor report.
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