As struggling retailers strive to keep pace with online competitors, they’ve turned to reinventing various facets of their brick-and-mortar existence, or even partnering with new services to lure back digital shoppers.
source: Journal-News
Citing robust growth and a generational low in unemployment, Federal Reserve Chairman Jerome Powell emphasized the central bank's commitment to further interest rate hikes in a speech recently. Economic gains are negating the need for...
source: CNBC
The Supreme Court ruled that states can force out-of-state retailers to collect sales tax on purchases by their residents, sweeping away decades of precedent. The decision means states are free to collect billions of dollars in extra...
source: POLITICO
President Trump’s threat to impose tariffs on almost every Chinese product that comes into the United States sent stock markets tumbling on Tuesday and drew condemnation from retailers, tech companies and manufacturers as the...
source: The New York Times (subscription required)
France’s Carrefour announced a deal this week with Google to boost its online shopping business. It is the latest in a string of partnerships between traditional food retailers and tech companies as grocery ecommerce takes off. Global grocery retailing is worth $5.9...
source: Reuters
Retailers and manufacturers are taking stock of their transportation costs and exploring alternatives as a capacity crunch in freight is driving up prices and causing shipping delays. A variety of companies, including food producer Hormel Foods Corp. and retailer Dollar...
source: The Wall Street Journal (subscription required)
The nation’s leading craft and fabric retailer is reimagining the craft and fabric shopping experience at its first-ever concept store in Columbus, Ohio. The new JOANN store in Columbus brings together a reimagined shopping experience that features cutting-edge technology,...
source: Retail Leader
When it comes to gender diversity, the retail industry is in a better place than it was a decade ago, but clearly not where it wants to be positioned for the coming years. In addition, landmark research from the Network of Executive Women (NEW), Mercer and Accenture shows...
source: Retail Leader
In the year 2000 at Easton Town Center in Columbus, Ohio, Abercrombie and Fitch opened the first location of its new shop, Hollister, and set Midwestern high schoolers like myself California dreaming. Designed with a “Dude” or a “Betty” in mind, Hollister...
source: The Atlantic
U.S. retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter.
source: Reuters
RILA President Sandy Kennedy writes, "During a 25 year career as a female executive in the retail industry I have seen firsthand the strides made to attract, retain and promote women and people of color. Now, as I look ahead to the coming decades, there are two words that...
source: Retail Leader
Despite tumbling sales, mounting debts and looming maturities, Sears Holdings is still testing new initiatives to see if something sparks a turnaround. The latest one brings its Sears and Kmart brands together under one roof....
source: CNBC
Walgreens is expanding its Chicago technology office, adding space and doubling its employees to 600 through new hires and relocations from its Deerfield headquarters, the company announced recently.
The office, located on two...
source: Chicago Tribune
Help is on the way for J.Crew Group’s beleaguered namesake brand.
The company announced late Monday that it has named a new chief design officer, a two-time former colleague of its new CEO, and tasked her with winning back the once loyal shoppers who have left in droves...
source: FORTUNE
The U.S. retail industry will try to fight the negative impact of tariffs on Chinese and other imports the same way it fought and defeated a border-adjustment tax proposed by President Donald Trump that would have led to higher costs...
source: StarTribune
