Nike sees signs of recovery in China, which could be a good omen for other retailers

( CNBC.com ) Key Points Glimmers of hope for Nike in China could be good news for other retailers with big business in the region, as companies contend with a prolonged pandemic recovery and global unrest. Nike showed, at least for now, it is handling broader macroeconomic challenges, including ongoing supply chain backlogs, better than many had anticipated. The biggest overhang on Nike’s stock has … Continue reading Nike sees signs of recovery in China, which could be a good omen for other retailers

H&M closes all stores in biggest markets Germany and the United States

STOCKHOLM (Reuters) – H&M (HMb.ST) is temporarily closing all its 460 stores in Germany, its number one market for sales, and all 590 in its second largest market the United States, due to the coronavirus outbreak. The world’s second-biggest fashion retailer said in a statement it was also closing all its stores in Canada, Portugal and Belgium. It said its sales in China, where it … Continue reading H&M closes all stores in biggest markets Germany and the United States

Walmart shortens its hours and stores across America close their doors

The coronavirus crisis is hurting America’s retail industry, so many stores are shutting their doors or reducing their hours. Walmart (WMT), the largest retailer in America, said Saturday that it will modify its store hours in response to the pandemic, while other retailers plan to temporarily close stores. Beginning Sunday, all of Walmart’s more than 4,700 US stores will be open from 6 am to 11 … Continue reading Walmart shortens its hours and stores across America close their doors

The biggest shopping day of the year dwarfed Black Friday and Cyber Monday

American retailers capitalized on last-minute shopping this weekend: All those late holiday gifts set a single-day record.Saturday, December 21, also known as Super Saturday, was US retail’s best day ever, pulling in a record $34.4 billion, according to Customer Growth Partners, a consulting and research firm. That totaled more than four times the sales from this year’s Cyber Monday.”Paced by the ‘Big Four’ mega-retailers — Walmart, … Continue reading The biggest shopping day of the year dwarfed Black Friday and Cyber Monday

Black Friday pulls in a record $7.4 billion in sales, as many turn to mobile orders

This year’s Black Friday shaped up to be the biggest yet. Americans spent $7.4 billion on Black Friday and $4.2 billion on Thanksgiving Day. With Thanksgiving landing six days later than last year, retailers amped up their advertising and served up deep discounts on items such as appliances, sporting goods, televisions, consumers and toys, according to Adobe Analytics.”We’ve got a shorter holiday selling season,” Jason Woosley, … Continue reading Black Friday pulls in a record $7.4 billion in sales, as many turn to mobile orders

Buyer beware! These are the tricks online stores use to get you buying more stuff

There’s a reason you fall into the rabbit hole of online shopping. A new study breaks down a few wily ways digital retailers sucker shoppers into spending more and committing to hidden costs. Websites, it turns out, employ a series of “dark patterns” meant to mislead or coerce online shoppers into making a decision that isn’t always in their benefit, it says.You may not know … Continue reading Buyer beware! These are the tricks online stores use to get you buying more stuff