Industries

Retail

5 ways the coronavirus pandemic is reshaping the future of retail stores

5 ways the coronavirus pandemic is reshaping the future of retail stores

By: Lauren Thomas
Source: CNBC
Date of Publication: December 17th, 2020
The coronavirus pandemic is forcing retailers to rethink the role of the brick-and-mortar store.
loreal

An accelerator and a stress test: How Covid has shaken-up L’Oréal’s digital plans

By: Molly Fleming
Source: Marketing Week
Date of Publication: November 16th, 2020
L’Oréal’s ecommerce business has almost doubled during the pandemic as shoppers seek beauty products online.
Food companies overhauled production to put more toilet paper, pasta sauce in stores

Lockdown 2.0: Food companies overhauled production to put more toilet paper, pasta sauce in stores

By: Richa Naidu, Victoria Waldersee, Siddharth Cavale
Source: Reuters
Date of Publication: November 13th, 2020
When rumors first began to circulate that the UK would go back into lockdown, Leanne Barnes despaired as bread and toilet roll flew off the shelves again at her local supermarket. But to her surprise, shelves were back to being fully stocked within a few days.
U.S. retail sales slow amid pandemic, lack of fiscal stimulus

U.S. retail sales slow amid pandemic, lack of fiscal stimulus

By: Lucia Mutikani
Source: Reuters
Date of Publication: November 17th, 2020
U.S. retail sales increased less than expected in October and could slow further, restrained by spiraling new COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support.
Walmart forecasts promising holiday season as online sales soar

Walmart forecasts promising holiday season as online sales soar

By: Melissa Fares, Aishwarya Venugopal
Source: Reuters
Date of Publication: November 17th, 2020
Walmart Inc WMT.N said on Tuesday it was optimistic about its holiday sales prospects in a pandemic-ridden year after the big-box retailer beat Wall Street expectations for quarterly results as Americans increasingly shift their spending online.
Sony PS5 sold out online as pandemic chills real-world retailing

Sony PS5 sold out online as pandemic chills real-world retailing

By: Sam Nussey
Source: Reuters
Date of Publication: November 11th, 2020
Sony Corp’s PlayStation 5 (PS5) console launched in core markets on Thursday to intense interest online, but with first day real-world sales limited to pre-order pick-ups.
U.S. weekly jobless claims drop modestly

U.S. weekly jobless claims drop modestly; labor market recovery cooling

By: Lucia Mutikani
Source: Reuters
Date of Publication: November 5th, 2020
The number of Americans filing new claims for unemployment benefits fell only slightly last week, adding to signs that the economic recovery was losing steam as the COVID-19 pandemic intensifies and fiscal stimulus ends.
Walmart to sell operations in recession-hit Argentina, taking $1 billion hit

Walmart to sell operations in recession-hit Argentina, taking $1 billion hit

By: Adam Jourdan, Eliana Raszewski
Source: Reuters
Date of Publication: November 6th, 2020
Walmart Inc, the world’s largest retailer, said on Friday it was selling its retail operations in Argentina to South American supermarket chain owner Grupo de Narváez, pulling back as the country grapples with an economic crisis.
Homebound workers inject life into suburban malls after downtowns empty out

Homebound workers inject life into suburban malls after downtowns empty out

By: Nichola Saminather, Victoria Waldersee
Source: Reuters
Date of Publication: November 8th, 2020
As the coronavirus pandemic rages and most downtown office employees in many cities work from home at least through year-end, urban retailers’ loss is turning out to be suburban shopping centres’ gain.
Amazon expands in Brazil, riding e-commerce boom set off by COVID-19 distancing

Amazon expands in Brazil, riding e-commerce boom set off by COVID-19 distancing

By: Aluisio Alves
Source: Reuters
Date of Publication: November 8th, 2020
Amazon AMZN.O said on Monday it had opened three more logistics centers in Brazil to take advantage of the boost the COVID-19 pandemic has given to e-commerce in South America's largest economy.