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Lord & Taylor Joins Retail Bankruptcy Watch

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The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

Retail 220
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ALDI Expands Online Grocery Delivery To All US Stores

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ALDI has announced that it is expanding its online grocery delivery service to all of its stores in the United States. According to Chain Store Age , the German supermarket company will use its partnership with Instacart to roll out the service to 75 major markets, including San Diego, New York City, Miami, Raleigh and Minneapolis.

San Diego 173
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More Retail Bankruptcies Expected In 2017

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The retail sector has been suffering a lot of pain this year, with bankruptcies already happening at a record pace and more bankruptcies expected to come. So far this year, 14 retailers have filed for bankruptcy and that is coming off 18 bankruptcy filings in 2016.

Retail 106
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Singapore Becomes Hub For Tech Giant Rivalries As Amazon Expands

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The online retail giant is scooping up 90,000 additional square feet of office space in the middle of Singapore’s financial district at the Asia Square Tower 1, Bloomberg reports , citing people familiar with Amazon’s real estate plans. The world’s largest retailer is also on a hiring binge in Singapore.

Denver 243
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Battle For Pet Retail Dominance Gains Fresh Fuel

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Walmart is the latest example of the power of pets in retail — a power that is having significant influence among various merchants competing for the loyalty and dollars of pet owners. As well, if done well, pet retail can serve to increase foot traffic into bricks-and-mortar stores at a time when it is dearly needed.

Retail 116
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FedEx Debuts Midnight Ordering, Next-Day Delivery

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FedEx is launching a new late-night shipping option that will allow retailers to deliver next day — that is, when items are purchased online as late as midnight. However, FedEx EVP and Chief Marketing and Communications Officer Brie Carere revealed that less than 1.3 Online sales currently comprise about 15 percent of U.S.

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How Auto Sales Are Driving New Retail Trends

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For instance, online marketplace and auction site eBay has released eBay Motors , a new app that uses artificial intelligence (AI) to list a car in under five minutes, according to a report by The Verge. and Carvana has next-day delivery in 146 markets. for both iOS and Android. New Financing. Subscription Commerce.

Trends 134