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Holiday 2020: Consumers Will Spend Less Overall, Spend More Time Online

PYMNTS

It’s just a week into the earlier-than-usual 2020 holiday selling season and already three facts are clarifying the retail picture: consumers are going to spend less overall, they are going to spend more time online and they don’t want to touch anything in the process. percent of millennial consumers say the same.

Online 159
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Upscale UK Retailers Look To Land In US Market

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s most high-profile retailers is doing well in the U.S. and another one is ready to open, both of them seeking a new market as their home turf sees retail struggles. s fastest growing brick-and-mortar retailer, Wren Kitchens. And also in training our retail staff to offer the customer a fantastic service.”. expat effort.

Retail 132
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Online Mattress Company Casper Tries Out Brick And Mortar

PYMNTS

Lie before you buy: Casper, the online bed-in-a-box startup selling mattresses by mail order, will soon allow customers to try those beds before having one shipped to their home. These shops will be open in cities such as New York, Los Angeles and Chicago through spring 2018. That’s on top of the company’s 100-day money-back trial.

Online 100
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Retail Pulse: IKEA To Open ‘Planning Studio’ In NYC; Pizza Hut Will Acquire QuikOrder

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Big retailers are opening smaller-format stores in major U.S. Already, the retailer has opened a Planning Studio across the pond in London in October. In the announcement, IKEA Retail U.S. Pizza Hut plans to acquire online ordering software provider QuikOrder. In Other Brick-And-Mortar News. restaurants.

Retail 122
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Kohl’s Redoubles Omnichannel Efforts Amid Rise In Digital Sales

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The department store retailer reported revenues of $6.8 And, according to a statement from Kohl’s, the retailer ended its fiscal year with 1,159 brick-and-mortar locations in 49 states. Rewards and Millennials. billion and earnings per share of $2.24 compared to analysts’ estimates of $6.6 billion and $2.18

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Oars + Alps Gets $1.3-Million Funding Boost

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Chicago-based men’s grooming line Oars + Alps is hoping to change that with its $1.3-million Our goal is to create a year-round skincare line for millennials guys. We aim to own exceptional men’s skincare online, without the typical retailer’s markup and toxins. million round of seed funding.

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As Gap Joins thredUP, Resale Continues Its Momentum

PYMNTS

After Nordstrom and Macy’s recently launched high-end resale retail platforms, Gap has now joined them. And lest you think it’s a bit of desperation move for struggling retailers, guess again. The other two options are in store pop-ups and online collaborations. Resale is becoming mainstream.

Chicago 131