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UK Agencies Paint Stark Reality For Retail

PYMNTS

retail picture is bleak in this time of COVID-19. The Confederation of British Industry (CBI) said on Thursday (March 26) that its monthly survey of retailers showed the weakest outlook since April 2009. These are extraordinary times for the retail sector. retailers are not ready for digital transformation.

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Retail Reopening Hinges On Dangerous Discounts

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retail reopening. Most reports of mall reopenings and other retail post-pandemic debuts in the U.S. The station also reported that retailers who did see crowds followed strict guidelines. When you look at retail challenges coming out of the financial crisis, price sensitivity was the most important,” she says. “So

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Farfetch IPO Shows Luxury Retailers Ready To Ware Online

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The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers.

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Record Retail Spending Expected This Valentine’s Day

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A recent survey showed that retailers are going to get some love on Valentine’s Day, according to reports. The lowest spending recorded was during the Great Recession in 2009, at $102.50. The survey asked 7,384 adults aged 18 or older the questions between Jan. 2 and Jan.

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MobileBytes Launches New Update For Online Ordering

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MobileBytes , the point of sale (POS) for iPad innovators, has released its next-generation software update for online ordering. These upgrades to our online ordering system are a direct result of what users have told us they want and need from their POS system.”.

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Saks Fifth Avenue CEO Lauds Holiday Luxury Buying Binge

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Saks Fifth Avenue CEO Marc Metrick said luxury retail could be called “comfort food” for those mired in pandemic-related stress, CNBC reported. 21) during a virtual presentation at the National Retail Federation ’s Big Show event , CNBC reported. I think what we learned is [consumers] view luxury as the comfort food of retail.

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What’s The Future For NBA-Related Retail In China?

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Basketball is one of the most popular sports – if not the most popular sport – in China, but there’s a little less NBA available today for online shoppers in that country, according to reports. Tencent has been the digital media partner of the NBA in China since 2009. The move comes after the general manager of that U.S.

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