Consumers are understandably wary about holiday shopping this year in the wake of ongoing economic and public health crisis. According to PwC’s annual Holiday Outlook, only 55 percent of consumers will spend the same or more this holiday season. And profiles of both consumers who plan to cut back on […]
Retailers
When COVID-19 lockdowns started in March and brick-and-mortar stores became mostly off-limits, consumers flocked to shop online, driving a monumental growth spurt in online spending. According to data from the U.S. Department of Commerce, e-commerce sales grew more than 30% between the first and second quarters of 2020; in the […]
Plexiglass screens are installed behind tills at a London branch of Waterstones: PA Three of Britain’s biggest retailers today laid bare the devastation wrought by the Covid crisis on London trading, giving rise to fresh fears about the impact of a potential second lockdown of the capital. Bakery chain Greggs, […]
We’ve just finished up a solid earnings season (all things considered), so it’s a good time to revisit the EPS Growth, Revisions & Positive Surprises screen. We’re looking for Zacks Rank #1s (Strong Buys) with upward earnings estimate revisions and positive surprises. The end of earnings season highlights the hottest […]
Retailers are finding ways to romance shoppers amid the pandemic. In the Hamptons and around New York City, a Jimmy Choo van makes house calls, showing up with the latest collection for an in-home preview party. Kate Spade and Coach offer Zoom dates with sales associates for consumers to view […]
Click here to read the full article. Everyone’s doing it — shopping online. As the pandemic continues to escalate, e-tailers will have access to more consumer dollars than ever before. However, brands and retailers that offer enhanced shopping experiences with free services such as personal stylists to fit specialists are […]
In late 2020, online spices retailer Spiceology.com was changing ecommerce platforms but ran out of time before the holiday season to complete the process. April Berthene | May 1, 2020 The retailer’s contract with its new vendor, BigCommerce, included making sure the ecommerce website was fully compliant with the Americans with […]
Containers are seen on a shipping dock, as the global outbreak of the coronavirus disease (COVID-19) continues, in the Port of Los Angeles, California, April 16, 2020. Lucy Nicholson | Reuters Companies such as Peloton are facing a costly logistical nightmare as record congestion at ports around the world cause […]
Containers are seen on a shipping dock, as the global outbreak of the coronavirus disease (COVID-19) continues, in the Port of Los Angeles, California, April 16, 2020. Lucy Nicholson | Reuters A ship with 197 containers of Peloton bikes and merchandise circled at anchor just outside the Port of Los […]
Mystic — At R.A. Georgetti & Co., where they have been selling collectibles, fine gifts and jewelry since 1975, they had never made a sales pitch on a park bench outdoors. But like so much else, the pandemic changed the way they do business. When Connecticut’s governor forced retail venues to […]
By PAUL WISEMAN and ALEXANDRA OLSON, AP Business Writers NEW YORK (AP) — It would be just a temporary precaution. When the viral pandemic erupted in March, employees of the small insurance firm Thimble fled their Manhattan offices. CEO Jay Bregman planned to call them back soon — as soon […]
By PAUL WISEMAN and ALEXANDRA OLSON, AP Business Writers NEW YORK (AP) — It would be just a temporary precaution. When the viral pandemic erupted in March, employees of the small insurance firm Thimble fled their Manhattan offices. CEO Jay Bregman planned to call them back soon — as soon […]
This isn’t the year to procrastinate on your online holiday shopping. Retailers are warning that orders could take longer than usual to arrive because consumers are increasingly buying everyday essentials and holiday gifts online. Shipping companies like UPS and FedEx say that for most of 2020 they have been handling […]
The holidays are stressful under normal circumstances. But during an ongoing global pandemic that has killed more than a quarter-million Americans and has again shut down small businesses locally, well, it’s easy to not feel so holly or jolly. Still as this coronavirus crisis has worn on, hopefully we’ve learned […]
By PAN PYLAS, Associated Press LONDON (AP) — This year, the annual illumination of the Christmas lights on London’s famous Oxford Street was very much a bittersweet moment. The lights, which were turned on this week, are celebrating the people who helped during the coronavirus pandemic. They should have symbolized […]
Black Friday is roughly a month away, but the holiday shopping season has already begun. Retailers, such as Best Buy, Macy’s, and Target, are now offering sales on holiday items that normally start on the Friday after Thanksgiving. The reason for the shift is to make up for lost revenue […]