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Tag: expected

John Lewis closes eight stores with expected loss of 1,300 jobs | Business

The coronavirus lockdown has prompted some of the UK’s most prominent companies to announce large-scale job losses. The aviation, automotive and retail sectors have been among the worst hit, as businesses adjust to dramatically reduced revenue projections. While the government’s job retention scheme has so far protected millions of jobs, fears are mounting that unemployment …

John Lewis closes eight stores with expected loss of 1,300 jobs | BusinessRead More

Resale market expected to be valued at $64 billion in 5 years

A ThredUp warehouse. Source: ThredUp Despite the coronavirus pandemic upending much of the retail industry and putting a damper on apparel sales, the secondhand clothing market is expected to boom, according to one online resale marketplace.  The secondhand apparel market is valued at about $28 billion today and is forecast to reach $64 billion within …

Resale market expected to be valued at $64 billion in 5 yearsRead More

How Covid-19 is expected to shape ‘the biggest boom in online retailing’ yet

As ONS figures out today show online gaining a record share of retail sales in May, we round up key analysis, insights and indicators into the rate of expansion   DPD expands to meet ‘the biggest boom in online retailing in the UK’ DPD is expanding to meet new, higher levels of demand for its …

How Covid-19 is expected to shape ‘the biggest boom in online retailing’ yetRead More

Ocado expected to impose rationing on more products | Business

Ocado is expected to increase rationing on its site when it reopens on Saturday as it tries to cope with overwhelming demand for grocery home deliveries. The online grocer is already limiting sales of about 500 products but signalled that was likely to increase as it sought to “ensure a fairer distribution of our capacity” …

Ocado expected to impose rationing on more products | BusinessRead More

‘Warehousing stock grows at 25 pc y-o-y, total stock expected to cross 375 mn sq.ft. by 2023’

In what could be a key indicator of consumer demand and growing confidence, the Indian warehousing sector has shown a robust growth at 25 percent y-o-y with the total warehousing space at 211 mn sq.ft. at the end-2019 compared to 169 mn sq.ft., a year ago. Not just that, the the total warehousing stock of …

‘Warehousing stock grows at 25 pc y-o-y, total stock expected to cross 375 mn sq.ft. by 2023’Read More

Record number of bets expected for Super Bowl

People take pictures near the Super Bowl LIV fan zone on January 24, 2020 in Miami Beach. VIEW press This year’s Super Bowl will be the most legally bet on Super Bowl in history. New data by the American Gaming Association says 26 million Americans will wager approximately $6.8 billion on Super Bowl LIV, a …

Record number of bets expected for Super BowlRead More

Holiday sales may have been better-than-expected, up nearly 5%, Bank of America economists say

Shoppers walk through the food court at the Easton Town Center Mall in Columbus, Ohio. Luke Sharrett | Bloomberg | Getty Images Retail sales were strong in December, and for the holiday shopping period they could be up close to 5%, slightly better than other industry forecasts, according to Bank of America economists. Using BofA …

Holiday sales may have been better-than-expected, up nearly 5%, Bank of America economists sayRead More

Macy’s holiday same-store sales fall less than expected; to close 29 stores

Get great content like this right in your inbox. Subscribe Macy’s Inc. reported a holiday performance that was better than analysts were expecting amid online sales and last-minute demand for gift items. The department store giant also confirmed to various media outlets that it plans to close 29 stores (28 namesake locations and one Bloomingdale’s) across the country in the …

Macy’s holiday same-store sales fall less than expected; to close 29 storesRead More

HMV confirms three stores are closing with job losses expected | Business

HMV has warned of possible job losses as it fights to keep open stores across the country in the face of high rents and business rates. Three HMV stores are closing this month, the music retailer confirmed, while a further 10 stores could be axed if new deals with landlords are not secured. The nationwide …

HMV confirms three stores are closing with job losses expected | BusinessRead More

More minimum wage increases expected in 2020

People gather together to ask the McDonald’s corporation to raise workers wages to a $15 minimum wage as well as demanding the right to a union on May 23, 2019 in Fort Lauderdale, Florida. Joe Raedle / Getty Images The move toward a $15 minimum wage is gaining steam, with 21 states raising minimum wages …

More minimum wage increases expected in 2020Read More