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Tag: momentum

Momentum in online, app-based sales to stay for retailers

Many large brick-and-mortar retail chains that switched to online during the lockdown have reported spike in sales from digital channels, and expect the momentum to continue as consumers prefer to order digitally despite restrictions are being eased. According to a PTI report: Several retailers, which earlier started selling essential items – like food and grocery …

Momentum in online, app-based sales to stay for retailersRead More

The 2020 Future of Retail report by Momentum Instore

Technology, the climate emergency, the plastic pollution crisis and the need for products to be in consumers’ hands faster than ever all dramatically affect how we do business. The ever-growing demand for more sustainable methods of production, quicker methods of delivery and more high-tech solutions mean that companies must adapt and change to meet these …

The 2020 Future of Retail report by Momentum InstoreRead More

Chico’s swings to loss but Soma maintains momentum

Chico’s FAS saw top- and bottom-line losses in its third quarter but still managed to beat Street estimates. The retailer lost $8.1 million, or 7 cents a share, in the quarter ended Nov. 2, compared to a profit of $6.5 million, or 5 cents a share, a year ago. Adjusting for one-time charges, the company …

Chico’s swings to loss but Soma maintains momentumRead More