retail-trade
BusinessHatch Founder Talks About the Future of eCommerce, the Challenges Brands Face Today and Social Commerce
Top StoriesDeloitte’s Retail Metaverse Goes Live
BusinessStationary Trade as a Discontinued Model? Need for Action in the Age of Hyper-Competition and post-Corona
Top StoriesRussia Proposes Nationalising Foreign-Owned Factories That Shut Operations
GameStop’s Cohen Takes Stake in Bed Bath & Beyond, Pushes for Changes
Date: March 7, 2022
By Svea Herbst-Bayliss (Reuters) -Billionaire investor Ryan Cohen said on Sunday he now owns nearly 10% of Bed Bath & Beyond and wants the housewares retailer to explore strategic alternatives that include a full sale of the company. Cohen, who co-founded online pet products retailer Chewy and is chairman of the board of videogame retailer...
Should Live Streaming Be Part of Your Social Ecommerce Strategy?
Date: March 3, 2022
By Marc Shields, Head of Social Ecommerce, Loud Mouth Media Social media has come a long way since the beginning of the pandemic and has grown in line with new expectations and demands that have come off the back of COVID-19 restrictions. Social platforms have always been a powerful communication tool for users all over...
Ikea Temporarily Closes Stores in Russia, Flags Bigger Price Hikes
Date: March 3, 2022
By Anna Ringstrom STOCKHOLM (Reuters) – IKEA, the world’s biggest furniture brand, is closing its stores in Russia and pausing all sourcing in the country and ally Belarus, joining the wave of Western firms curbing business with Russia after its invasion of Ukraine. The news, announced on Thursday, came as IKEA store owner Ingka Group’s...
UK Retailers Raise Prices by Most Since 2011 – Brc
Date: March 2, 2022
LONDON (Reuters) – British shoppers were hit last month by the biggest price rises from major retailers since 2011, according to a survey that adds to signs of fast-rising inflation which the Bank of England is trying to tackle with higher interest rates. The British Retail Consortium said on Wednesday that shop prices rose by...
Autonomous Stores: How Technology Is Revolutionising the Retail Industry
Date: February 25, 2022
By Vasco Portugal CEO of Sensei The retail industry is in the middle of a major pivot towards autonomous stores. Equipped with state of the art servers, autonomous technology providers are able to turn any store into an efficient, cost effective, checkout-free store. Consumers now want a fast, easy, and convenient shopping experience. On average,...
Boots in Store for $10-billion Sale as Bid Deadline Looms
Date: February 24, 2022
By Pamela Barbaglia LONDON (Reuters) – Britain’s largest drugstore chain Boots has set a Feb. 24 deadline to receive indicative bids from a series of deep-pocketed investors that could value the 173-year-old firm at up to 8 billion pounds ($10.88 billion), two sources told Reuters. The sale will see U.S. drugstore giant Walgreens, which has backed...