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Retail
Toys “R” Us has a new e-commerce partner. The toy retailer’s digital and fulfillment services, which had been supported by Target since October, are now in the hands of Amazon. Today, shoppers who browse and select merchandise on the ToysRUs.com website will be redirected to the product’s page on Amazon.com where they can purchase the item....
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It’s not over yet. In March, retailers were forced to temporarily shutter their doors due to COVID-19. Five months later, companies are continuing to deal with the fallout from the virus — and as cases continue to ramp up, more store closures may be on the horizon in some states. In fact, California made the...
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Primark has rejected tens of millions of pounds from the British government. The department store announced over the weekend that it would not take advantage of the country’s funding scheme, which would’ve provided it 30 million pounds, or nearly $38 million at current exchange, for bringing back its furloughed workers. “I can confirm that Primark...
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LONDON – Yet another British fast fashion retailer, Quiz, has launched a probe into one of its factories in Leicester, England, a city that is quickly making a name as the country’s sweatshop capital. Quiz, which is headquartered in Glasgow, Scotland and is quoted on the London Stock Exchange, said  Monday it is investigating “an...
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With bankruptcy purportedly imminent, Ascena Retail Group is reportedly preparing to close at least 1,200 stores. The retailer, could file for Chapter 11 protection as early as this week, according to a Bloomberg report, with an agreement in place to shed about $700 million of its $1.1 billion in debt. Across its banners — including Ann...
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The fashion industry has been struggling through the coronavirus pandemic and the effects it’s had not only on shopping but manufacturing. But some were among the lucky companies that got forgivable loans from the federal government.  The Paycheck Protection Program has been rife with flaws since the Trump Administration rushed it through in April as...
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As coronavirus case numbers fluctuate across states, so, too, do store openings. Retailers looking to create a successful, long-term reopening strategy will need to combine both in-person and online approaches, that can weather changing restrictions on businesses. With that in mind, Salesfloor has launched a “Post-COVID Bundle” of tools to support such strategies. Salesfloor’s mobile...
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In its weekly “Retail Impact Scoreboard,” data analytics firm Unacast said average foot traffic at retail across all segments is down 15 percent year-over-year — an improvement over the past month. Week-to-week traffic is up 16 percent, researchers at the firm noted, adding that home goods and home improvement stores are, to date, “the most...
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HERZOGENAURACH, Germany — Adidas reported a 93 percent plunge in first-quarter profit and sales off 19 percent, missing forecasts, and warned of a deeper hit to second-quarter revenue as lockdowns forced the German sportswear maker and other retailers to close stores. First-quarter operating profit fell to €65 million ($69.52 million), well short of the €263...
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Fashion editor Mary Russell reflects on Karl Lagerfeld and other fashion icons in her new book of personal photographs. ⁣ ⁣ “I want to record everything I like. It’s never been about making money or selling pictures,” Russell said. “It’s sharing an intimate moment for the time I’m there, and capturing the essence of our...
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