Secondhand eShop Sellpy, which is majority-owned by H&M, will be expanding to additional European nations. In brick-and-mortar, a sizable share of America’s malls will close over the next few years, although the Mall of America is something of a species unto itself. And in international payments, companies can use...
Gap and Costco cited sizable growth in eCommerce sales in their quarterly results, but Gap plans to close stores as Costco looks to expand its brick-and-mortar footprint. In acquisitions, Amazon plans to buy iconic film studio MGM. And in consumer finance, banks face the task of balancing security with convenience as more customers need to...
Best Buy’s earnings showed the positive impact of the stay-at-home economy, with the electronics retailer reporting rising sales in its most recent quarter. In retail trends, discounters and off-price retailers such as Burlington Coat Factory are facing a future without stimulus checks. And in retail rewards, many consumers would like to see...
Amazon announced that it has struck a multi-billion-dollar deal to purchase MGM, the iconic film studio. High-end fashion retailer Nordstrom said that its digital transformation efforts saw its eCommerce sales climb last quarter. And in dining, superconnected consumers have a stronger appetite for digital ordering experiences and loyalty programs than other types of...
A surge in sales to business customers, coupled with declining pandemic-related costs, fueled AutoZone’s latest quarterly results. The auto parts retailer said the firm’s DIY business was strong during the quarter, but that its commercial business sales growth was “exceptional.” And in banking, self-service technologies have become even more popular,...
The Home Depot and Lowe’s, among others, are prospering in the stay-at-home economy. In eCommerce, one of the globe’s biggest investment firms took a minority stake in Utah-based online shopping platform Walker Edison. In connected commerce, as many U.S. consumers now order groceries online as they order restaurant food online, and in seller...
VF Corporation, whose collection of brands includes labels like The North Face and Timberland, reported that digital revenue surged in its most recent quarter. In other earnings, Foot Locker’s quarterly results put a ribbon on a stellar week for U.S. retailing as its digital direct-to-consumer sales soared. And in eCommerce, Amazon has a wide...
Kohl’s reported that its store sales soared during its most recent quarter, while the retailer’s digital sales climbed year over year. In other retail earnings, Petco reported that its net revenue surged in its most recent quarter at a time when more pets are in homes than ever before. And in banking, credit...
Target posted quarterly earnings that came out ahead of expectations, as it rode the strength of stimulus checks, private-label clothing and digital strategy honed during the pandemic. In other earnings, Lowe’s Companies reported that comparable sales for its U.S. home improvement business soared as part of its quarterly results. And in pandenomics,...
