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Tag: small

Udaan sees a big take-off from small cities, Retail News, ET Retail

BENGALURU: Business-to-business commerce platform Udaan expects an uptick in sales in the upcoming festive season, especially in the smaller towns, to more than make up for the two-month dip caused by the nationwide lockdown, its cofounders said. In an exclusive interview with ET, Vaibhav Gupta and Sujeet Kumar said the fear of Covid-19 pandemic has …

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Walgreens says new small-format store personalizes care, could help in ‘pharmacy deserts’

Walgreen Stores in Lexington Park, MD. Source: Walgreens Walgreens has rolled out a new kind of store that shrinks down its square footage and focuses on the pharmacy. Expect to see fewer front-of-store items, a slimmed down selection of over-the-counter medications and an emphasis on relationships between pharmacists and customers. It has opened more than …

Walgreens says new small-format store personalizes care, could help in ‘pharmacy deserts’Read More

Nike plans up to 200 small-format stores, despite 38% revenue drop

Dive Brief: Nike revenue declined 38% in the fourth quarter, falling to $6.3 billion, according to a company press release. The retailer swung to a loss of $790 million, from income of $989 million the year before. That represented a 180% decline. While revenues in Greater China were only down 3%, North America was down …

Nike plans up to 200 small-format stores, despite 38% revenue dropRead More

Significance of POS for small retailers to overcome COVID-19 challenges

SME’s have been the most affected by this COVID pandemic and as specific segment retail is the worst one. Profitability, liquidity, inefficiencies and visibility are the pain points of SMEs through its business journey and, the single answer to these issues is a strong, agile, sophisticated and automated digital backbone. What is meant by a …

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Coronavirus round-up: Forrester predictions on global sales, Co-op Central England, Intu and as small businesses move online fast

We’re reporting on the effect of the Covid-19 coronavirus pandemic on the way UK shoppers buy – and on how retailers are responding to that changing behaviour. This update comes as, as of 9am on April 30, 171,253 people have tested positive for coronavirus and 26,771 people have died following a positive Covid-19 test result. …

Coronavirus round-up: Forrester predictions on global sales, Co-op Central England, Intu and as small businesses move online fastRead More

Amazon India cuts small merchant commission by 50%, Retail News, ET Retail

BENGALURU: Amazon has slashed its marketplace fees by 50% till June for merchants who sold goods worth Rs 10,000 or less before the virus outbreak in India. The Seattle-based online retail major will also give merchants an additional incentive of Rs 35 per unit of essential items like hand santisers and masks they sell through …

Amazon India cuts small merchant commission by 50%, Retail News, ET RetailRead More

For small firms, delivering goods is still a struggle, Retail News, ET Retail

BENGALURU: Surat-based Aarti Sharma (name changed), who sells garments through a social media platform and typically earns Rs 10,000 on average each month, has not shipped any order in the last three weeks. “I have goods worth Rs 8,000 stuck in transit. I couldn’t make my loan payment for the first time in three years,” …

For small firms, delivering goods is still a struggle, Retail News, ET RetailRead More

Shopping center owner Kimco tries to help small tenants

The Little Neck Plaza in Little Neck, NY owned by Kimco Realty. Google Earth A major shopping center owner in the U.S. has taken matters into its own hands to try to help small business owners get access to funds from the federal government and from states that can help them pay rent.  Kimco Realty, which …

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Small businesses find themselves waiting for updates on loan approvals

Jen Morrow is eagerly awaiting an update from her community bank, Sandy Spring, on a $30,000 loan request for her book store, Bards Alley, in Vienna, Virginia. Since the start of the coronavirus outbreak, Morrow has gone from 12 employees to a staff of just three, including herself, as her bookstore — typically filled with book …

Small businesses find themselves waiting for updates on loan approvalsRead More

Howard Schultz says small businesses need more help from government

Howard Schultz said Monday he worries that many small restaurants and retailers may struggle to survive the coronavirus economic halt without additional help from the U.S. government. “If we don’t provide a backstop for the restaurants, I suspect that we could see a situation around the country in which approximately 30% or more of small, …

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