Business

Retail

The coronavirus pandemic may have shut restaurants and cafes, but it’s not quenched the thirst for coffee: shares of Peet’s Coffee parent JDE Peet's surged 14% on Friday after an initial public offering, likely paving the way for Peet’s to be a bigger challenger against coffee house giant Starbucks.

The Covid-19 pandemic has ushered in a peculiar opportunity for retailers: An “all ideas are welcome” period to experiment with new and back-burner customer-service concepts once perceived as implausible. Exploring some of the examples one wonders, should retailers have been doing this all along?

The next frontier of retail is going to be owned by those retailers and brands who not only meet the bare minimum, but embrace this new world by integrating a bit of “cool” into the modern in-store shopping experience. And next-gen technology, once again, will be at the core.

Just before shoppers begin flocking to their favourite malls for a little revenge buying, retailers have to pull out all the stops to regain their confidence with heightened safety measures. Here are some best practices retailers can reflect on from Asia as they prepare to open up their doors.

A lot of stores are reopening. But many will close permanently in the next year, creating a renewed market share opportunity in the value category--and now one with more premium brands.

Third quarter earnings were impacted by reduced hours, closing of some services and $283 million for increased wages and sanitation.

Amazon buying J.C. Penney could become one the smartest moves Amazon has ever made.

Even without an event to go to, lesbian, gay, bisexual, transgender and queer consumers are shopping for ways to express themselves.

A highlight of the Q1 Ulta Beauty earnings call was the success of the curbside pickup rolled out in late April for beauty products, spurring increased sales of make-up products for the first time since the pandemic started. E-commerce sales were up over 100%.

Besides the rigor’s mall management faces in reopening, after the coronavirus forced closure on March 17, the mall faces another more existential treat; one of their owner’s own making.

The Dow fell for the first time in three days.

E-commerce growth of 23% during January and February really took off at peak lockdown in March.

Business is booming at the nation’s largest dollar-store chain, which has proved a critical source of affordable groceries and household items during the pandemic.

The company's greatest challenge will be converting the two million users that have joined the platform during lockdown into lifelong users.

CVS Health Thursday said it is delivering as promised to open 1,000 testing locations for the Coronavirus strain COVID-19.

In the initial installment of this roundtable, six cannabis leaders shared their provocative insights on the pandemic’s effects on their industry. In this second part, those same professionals sound off on other timely topics, which include federal legalization and the CBD market.

Walmart.com wants to be a fashion destination in the post Covid-19 period. It recently unveiled a partnership with reseller ThredUp.