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Tag: sees

Lego sees multichannel investment pay off as ecommerce expanded fast during Covid-19

Image courtesy of Lego Group Lego says it has benefited from its multichannel investments as digitalisation and ecommerce gained pace during the Covid-19 pandemic.   The toy brand, which sells via this week announced rising sales in the first half of its financial year as adults and children alike turned to its products during lockdowns. …

Lego sees multichannel investment pay off as ecommerce expanded fast during Covid-19Read More

Charity assisting retail workers sees 30% rise in requests for help | Society

High street closures in 2019 Thousands of high street jobs have been lost this year as a result of high profile retail administrations and thousands more are at risk as Mothercare, Debenhams and Forever 21 prepare for closures. Here are some of the key industry names that have been affected. Mothercare: Has 79 stores and …

Charity assisting retail workers sees 30% rise in requests for help | SocietyRead More

Amazon Audible Suno sees a winning story, Retail News, ET Retail

Bengaluru: Technology giant Amazon’s audiobook company Audible has launched a new app called Audible Suno in India featuring original audio series, in a bid to expand its reach in India’s highly competitive digital entertainment and streaming space. This new platform will feature hundreds of hours of Audible’s original audio series across a plethora of genres, …

Amazon Audible Suno sees a winning story, Retail News, ET RetailRead More

Black Friday sees sluggish start as more US consumers shop online | Business

The frenzy associated with Black Friday shopping was missing this year as US retailers offered earlier discounts and more consumers shopped online, though spot checks around the country showed traffic picked up after a sluggish morning. “It’s slow now because we had a big, big rush last night,” said Target electronics salesman Evan Houser, 22, …

Black Friday sees sluggish start as more US consumers shop online | BusinessRead More

Puma sees basketball and retail stores as the ways to fuel its rapid growth

If sportswear had a prestige category, it would be basketball sneakers. A strong basketball business can grab shoppers’ attention and put a halo around a brand’s products.  Puma partnered with hip-hop mogul Jay-Z last year as it returned to the U.S. basketball market after being on sidelines for two decades. The category is a key …

Puma sees basketball and retail stores as the ways to fuel its rapid growthRead More

Alibaba sees trillion-dollar volume potential in China

Chinese online retail giant Alibaba is not done growing. The e-commerce platform’s parent company, Alibaba Group Holding Ltd., said it aims to serve over 1 billion annual active consumers and achieve over $1.4 trillion in annual gross merchandise volume through its China consumer business by the end of fiscal 2024. The company’s China consumer business …

Alibaba sees trillion-dollar volume potential in ChinaRead More

Pier 1 Q2 loss doubles amid heavy clearance activity; sees ‘gradual recovery’

Pier 1 Imports posted another big quarterly loss as the retailer aggressively cleared out goods in anticipation of its merchandising and marketing reset, key elements of its turnaround strategy.  The struggling home décor chain reported a net loss of $100.6 million, or $24.29 per share, in the quarter ended August 31, which includes transformation costs …

Pier 1 Q2 loss doubles amid heavy clearance activity; sees ‘gradual recovery’Read More