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Tag: longer

US retail store closures to drag into April, likely longer

March 27.  This Friday was the day that many retailers set roughly two weeks ago as the marker for how long they planned to temporarily keep their shops closed. But as the number of COVID-19 cases continues to rise, nothing is opening back up again. Not even close.  For some, this might not come as a …

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Direct-to-consumer ‘is no longer a fad’

Shopify collected the big bucks during the holiday shopping season, and that’s indicative of emerging retail trends, Chief Operating Officer Harley Finkelstein told CNBC’s Jim Cramer on Wednesday. The e-commerce platform, which supplies businesses with means to sell products online, recorded almost $3 billion of global sales over the Black Friday to Cyber Monday shopping …

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Gap Inc. no longer pursuing separation of Old Navy

Gap Inc. announced that the company no longer intends to separate Old Navy into a standalone public company. “The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands,” said Robert Fisher, Interim President and Chief Executive Officer, Gap Inc. “While the objectives of the separation remain relevant, …

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Walmart’s Jet.com will no longer deliver fresh groceries

An employee assembles customer orders at the Jet.com Inc. fulfillment center Daniel Acker | Bloomberg | Getty Images Walmart‘s Jet.com arm will no longer deliver fresh groceries, roughly one year after it started offering this option in New York, the retailer confirmed to CNBC. It will shutter a fulfillment center that it was using to …

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Grocery stores are no longer the best place for some consumer brands

Getting mass distribution on the shelves of huge retailers may not be the best way forward for new consumer-goods brands, according to the co-founder of a new venture capital (VC) business The Craftory. Elio Leoni Sceti, a former Reckitt Benckiser and Procter & Gamble executive, founded the company in May 2018, and its website describes …

Grocery stores are no longer the best place for some consumer brandsRead More