Wednesday, November 25, 2020

ICSC: Shoppers to spend $470 during Thanksgiving weekend

CSA
Most (85%) shoppers expect to shop in the period that starts on Thanksgiving and ends on Cyber Monday.  . . . more

Best Buy posts 'blockbuster' Q3 with digital sales up nearly 175%

Retail Dive
Best Buy kept up its blazing pandemic-era growth through the third quarter, with U.S. sales up 21% year over year across the business to $10.9 billion. . . . more 

Abercrombie to close more flagships; posts better-than-expected Q3

CSA
Abercrombie & Fitch easily topped Wall Street estimates for quarterly sales and earnings amid cost controls and strong online demand. . . . more

Tuesday, November 24, 2020

The second Covid-19 spike is forcing retailers like Foot Locker to refocus on e-commerce

Plain Vanilla Shell
Foot Locker had a strong quarter, according to its latest earnings report released Friday morning. Over the three months ending on Oct. 31, the brand brought in $128 million in revenue, beating the $122 million it brought in during the same period last year by about 5%.. . . more

NRF: Holiday sales to rise 3.6% to 5.2% in ‘strong finish’ to 2020

CSA
The National Retail Federation issued an upbeat  holiday forecast despite the ongoing COVID-19 pandemic, citing a strong stock market, rising home values and record personal saving rates. . . . more 

Monday, November 23, 2020

Sbarro’s Comeback Centers on the Impulse Pizza Buyer

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Sbarro CEO David Karam said the brand’s intention has never been to exit malls, its primary domain for decades. . . . more

Thursday, November 19, 2020

Forever 21 streamlines, safens online checkout

CSA
Online Forever 21 shoppers will have access to single-click checkout, among other new payment-related features.. . . more