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Retail is going through what can be considered a “golden age” as businesses adapt to a new landscape of connecting with consumers, “Shark Tank” star and serial entrepreneur Daymond John said Friday. Companies such as Home Depot are using the internet to their advantage to thrive, while others that lack the necessary technology are dying, the
Luxury has been one of the most affected industries in the retail sector due to the COVID-19 pandemic. The crisis led to the closure of several luxury stores across the Asia-Pacific (APAC) region, bringing their revenue stream to a standstill during the first half (H1) of 2020. Against this back drop, brands are turning to
Jeff Bezos, founder and CEO of Amazon, smiles as he speaks during the Economic Club of Washington’s Milestone Celebration event in Washington, DC, on September 13, 2018. Saul Loeb | AFP | Getty Images (This story is for CNBC Pro subscribers only). Two Wall Street shops hiked their price targets for Amazon on Friday, saying
New research from Mintel, ‘The Experts in What Consumers Want and Why’, reveals the changes in consumer sentiment and behavioriour surrounding food and drink categories as a result of the spread of COVID-19 across Southeast Asia. Tan Heng Hong, APAC Food and Drink Analyst, Mintel said: “The global spread of COVID-19 is forcing Southeast Asian
As the Dow Jones Industrial Average plummeted through 20,000 this week, one of its stocks is holding up against the sell-off. Walmart, the world’s largest bricks-and-mortar retailer, has risen more than 13% in March as consumers stockpile amid the coronavirus crisis. The gain puts it on track for its best month since 2014. The Dow,
A person wears a face mask as a precaution against coronavirus in New York, on March 2, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Walmart shares are emerging as a winner during the chaotic coronavirus crisis. The big-box retailer, a classic defensive consumer staple stock, is benefiting from the millions of Americans stocking
