Industries

Retail

Samsung eyes new opportunities as pandemic ignites demand for home appliances

Samsung eyes new opportunities as pandemic ignites demand for home appliances

By: Joyce Lee
Source: Reuters
Date of Publication: September 1st, 2020
From sanitizing closets to customizable fridges, the coronavirus pandemic has fanned demand for home appliances - so much so that Samsung Electronics Co Ltd (005930.KS) is adding warehouses and bringing popular products to more markets.
Coronavirus: U.S. department stores could be in their 'last stages'

America’s department stores, cornerstones in fashion, could be in their ‘last stages’

By: Lauren Thomas
Source: CNBC
Date of Publication: September 1st, 2020
The coronavirus pandemic is shining a light on U.S. department stores’ dependence on selling fashion and their delay in adapting to today’s retail environment.
Factbox: Americans on lockdown pay more for groceries, clothes and appliances

Factbox: Americans on lockdown pay more for groceries, clothes and appliances

By: Richa Naidu, Siddharth Cavale, Nick Carey
Source: Reuters
Date of Publication: September 1st, 2020
U.S. shoppers have been paying more than last year for a range of consumer goods during the COVID*19 pandemic, from eggs and deli meat to running shoes, according to a Reuters analysis of the latest pricing and sales data.
Coffee, ketchup and Nike Air Max: it's the COVID consumer economy

Coffee, ketchup and Nike Air Max: it's the COVID consumer economy

By: Nick Carey, Richa Naidu, Siddharth Cavale
Source: Reuters
Date of Publication: September 1st, 2020
Instant coffee, ketchup, Lululemon yoga pants and Nike Air Max sneakers are all in. Bottled water, pricey diapers and Burberry luxury trench coats are out.
Why Wayfair’s Furniture Sales Exploded During the Pandemic _ Marker

The Pandemic Was the Best Thing That Ever Happened to Wayfair

By: Rob Walker
Source: Marker
Date of Publication: August 25th, 2020
But what happens to the online furniture retailer as the world opens back up?
Best Buy warns of slowing sales after work-from-home boom

Best Buy warns of slowing sales after work-from-home boom

Source: Reuters
Date of Publication: August 25th, 2020
Best Buy Co Inc (BBY.N) warned on Tuesday of a slowdown in sales growth in the third quarter as it faced risks from unemployment, lower government stimulus and lockdown-hit global supply chains, sending the shares of the U.S. consumer electronics retailer down 4%.
TJX forecasts current-quarter comparable sales to drop up to 20%

TJX forecasts current-quarter comparable sales to drop up to 20%

Source: Reuters
Date of Publication: August 19th, 2020
TJX Cos Inc (TJX.N) on Wednesday forecast current-quarter same-store sales to fall up to 20% after reporting a bigger-than-expected loss for the previous three months, sending the off-price retailer’s shares down about 7%.
Estee Lauder forecasts profit below expectations, to cut up to 2,000 jobs

Estee Lauder forecasts profit below expectations, to cut up to 2,000 jobs

Source: Reuters
Date of Publication: August 20th, 2020
Estee Lauder Cos Inc (EL.N) forecast current-quarter profit below analysts’ estimates on Thursday after posting a bigger-than-expected quarterly loss, as travel restrictions and store closures put in place to contain the spread of coronavirus dampened demand for its premium makeup brands.
Target Sales Jump as Pandemic Speeds E-Commerce Shift - WSJ

Target Sales Jump as Pandemic Speeds E-Commerce Shift

By: Sarah Nassauer and Suzanne Kapner
Source: The Wall Street Journal
Date of Publication: August 19th, 2020
Retailer says comparable sales rose 24% in the latest quarter, powered by a 195% surge in digital sales.
PVH Corp. Announces Phased Reopening of Global Stores

PVH Corp. Announces Phased Reopening of Global Stores

By: PVH Corp.
Source: BUSINESS WIRE
Date of Publication: May 19th, 2020
PVH Corp. begins to plan the reopening of some of its stores including Tommy Hilfiger and Calvin Klein.