“There’s never a perfect time to pass the reins, but it just felt as perfect as it can get right now,” The Container Store CEO Melissa Reiff said after announcing new chief. Online returns are expected to reach a record $70.5 billion for the holiday season just completed and reverse logistics are costly. Walmart’s CEO of U.S. E-Commerce Marc Lore Announces Retirement While the previous UPA government had allowed up to 51 per cent FDI in multi-brand retail, no foreign retailer apart from Tesco had approached the government for permission to set up stores to sell multiple brands under one roof. Top News Retail’s online future grows brighter after pandemic bump. © 2021 Forbes Media LLC. L Brands said its same-store sales during the holiday period were up 5%, compared with a 3% drop a year earlier. Who Is Abraham Wald And What Can He Teach Retail About Data? Retail grows to $560-bn in 2014; FDI hopes hang in balance. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Jeff Bezos Once Again The World’s Richest Person After Rollercoaster Week, Meet The Michigan Congressman—And Billionaire’s Son—Who Voted To Impeach Trump, Marc Lore, Who Engineered Walmart’s Digital Transformation, To Step Down, Elon Musk Is The Richest Person In The World—Again, Petco Is A Winner On Its First Day Of Trading, Poshmark More Than Doubles In IPO, Pushing Valuation Above $7 Billion. ... 'Lifeline' grants for hospitality and retail firms. CNBC 01/15/2021. Holiday Sales Hit $876 Billion: By The Numbers. Stay abreast of topics including coronavirus, Brexit, sustainability, CVAs and administrations, business rates, discounting and financial results. Unemployment claims rise … Mall of America is current again on its $1.4 billion mortgage, after missing months of payments during the Covid crisis with stores shut down. Reuters 01/15/2021. ... Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! Your trusted source for breaking news, analysis, exclusive interviews, headlines, and videos at ABCNews.com We cover topics like retail tech, marketing, e-commerce, logistics, in-store operations, corporate retail news, and more. Macy’s has notified the employees at about 45 of its department stores that they will close by the middle of this year, CNBC has learned. Retailers report mixed sales results for end of 2020 and start of 2021. © 2021 Forbes Media LLC. Yet the shape of the retail industry has fundamentally changed, with a huge shift to digital spending and dramatically less spending on apparel. Will New Hire From Chanel Enhance L’Occitane’s Asian Prospects. Find the latest news, headlines, blogs and video about retail, consumers, shopping and retail companies from CNBC.com. The National Retail Federation’s “News” section is one of the top sources for news on retail trends, public policy, technology, and more. The latest breaking news, ... Retail footfall slumped across UK at end of 2017, new data reveals. So many people are obsessed with street style, why would we move away from our closets and not dress our homes the same way. Ruggeri will be CFO when Grismer retires on Feb. 1. Breaking news and updates on the Australia retail industry covering technology, payments, stores, consumer trends and behaviours and more. The retail giant interacts with millions of customers, including some who don’t have a relationship with a bank or a financial advisor. Pandemic drives growth of ghost kitchens. The latest news, updates and analysis on the the UK retail industry. In addition to focusing on new product categories, J.C. Penney's next CEO must fix the company's inventory accuracy problem. OCALA, Fla., Jan. 12, 2021 /PRNewswire/ -- The HiBid.com auction platform broke numerous records in 2020 for sale, lot, and bidder totals, facilitating the sale of … Find Australia's most trusted resource for retail industry updates and breaking news. For the three month period of October through December, retail sales were up 4.9% over last year hitting almost $1.3 trillion. Watch videos, top stories and articles on Retail Stores at moneycontrol.com. Founder & Managing Editor: Khazi Altaf Hussain Contact: +91 9591100992, +91 73965 81112 The fashion horizon breaking story happens — it 's FREE spending on apparel for reliable and! Strongly encourage ” employees to receive the coronavirus decimated the retail industry on retail. Dec 17, 2020, 5:50 am EST the three month period of October through December retail. Financial results on Monday, Jan. 18, in its IPO Bid, Says can... Et retail Insight, news & Articles from all top sources for holiday! 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