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Tag: among

Dr Martens owner among investors bidding for Gymshark stake

// Dr Martens owner Permira joins bidding war for Gymshark stake // Other firms looking to make a bid include Inflexion Private Equity, General Atlantic, TSG Partners & L Cattertonare // Gmshark is understood to be planning a £1 billion valuation via a minority stake sale The private equity owner of Dr Martens has reportedly …

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Flipkart, Amazon among e-commerce players asked to indicate country of origin on products

Consensus is building within the government that e-commerce players like Flipkart, Amazon will have to indicate the country of origin of the product on their merchandise. DPIIT under the Ministry of Commerce and Industry is likely to tell e-commerce companies that it would be mandatory to provide information about the product on their platform, where …

Flipkart, Amazon among e-commerce players asked to indicate country of origin on productsRead More

Apparel, restaurants, footwear among retail to take a hit by COVID

COVID-19 will have an impact across the board on discretionary categories in the retail sector as limited social interactions and increased WFH trends may hit apparel, quick service restaurants (QSR) and footwear players. Slow demand recovery will aggravate cost pain for companies. Strong growth case built on both store expansion and will pause. Over a …

Apparel, restaurants, footwear among retail to take a hit by COVIDRead More

Retailers need to instill confidence among APAC consumers to remain relevant in post COVID-19 world, says GlobalData

As China and other markets across the Asia-Pacific (APAC) region continue to grapple with the COVID-19 pandemic, there is a visible difference in how consumer spending has changed over the course of the first half (H1) of 2020 due to the economical and psychological impacts of the virus. Against the backdrop, retailers need to instill …

Retailers need to instill confidence among APAC consumers to remain relevant in post COVID-19 world, says GlobalDataRead More

Amazon confirms first coronavirus case among US employees, Retail News, ET Retail

Online retailer Amazon.com Inc said on Tuesday an employee in the United States tested positive for the coronavirus. “We’re supporting the affected employee who is in quarantine,” a company spokeswoman said in an email to Reuters. The spokeswoman confirmed a report by Bloomberg News that all co-workers in contact with the employee, who worked at …

Amazon confirms first coronavirus case among US employees, Retail News, ET RetailRead More

Survey: Drones cause excitement, anxiety among shoppers

Get great content like this right in your inbox. Subscribe Consumers see delivery drones as efficient, but also as carrying some risks to their purchases. According to a new survey of 528 online shoppers from ratings/reviews platform Clutch, 36% of respondents are more likely to order an item if it will be delivered by drone. …

Survey: Drones cause excitement, anxiety among shoppersRead More

Survey: Drones cause excitement, anxiety among shoppers

Get great content like this right in your inbox. Subscribe Consumers see delivery drones as efficient, but also as carrying some risks to their purchases. According to a new survey of 528 online shoppers from ratings/reviews platform Clutch, 36% of respondents are more likely to order an item if it will be delivered by drone. …

Survey: Drones cause excitement, anxiety among shoppersRead More

New York, New Jersey among states with 2020 minimum wage hikes

The New Year brought with it with minimum wage hikes in a total of 26 states and the District of Columbia. That’s according to an analysis by payroll experts Wolters Kluwer Legal & Regulatory U.S. The report noted that California was set to raise the minimum wage rates by $1 on January 1 ($12.00 per hour for employers with 25 employees or less, …

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Forever 21 among bankruptcies that rocked the retail industry in 2019

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images 2019 brought with it more retail bankruptcies. And the implications have been more store closures, thousands of lost jobs and an vastly different …

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Victoria’s Secret, JC Penney among retailers closing stores in 2020

Billy H.C. Kwok | Bloomberg | Getty Images The retail apocalypse hasn’t shown a lot of mercy. Year to date nearly 10,000 stores have announced closures, according to Kevin Cody, senior consultant with CoStar Portfolio Strategy. That’s an all-time high, and its a serious blow to the job market in the retail sector. Since reaching …

Victoria’s Secret, JC Penney among retailers closing stores in 2020Read More