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Social responsibility will drive consumer engagement, says GlobalData

Some 36 percent of consumers globally claim that they find living a less complicated lifestyle very important, according to leading data and analytics company GlobalData’s 2019 Q3 consumer survey. Ramsey Baghdadi, Analyst at GlobalData, comments: “Our forecasts are for more...

Outrage in Germany as adidas, H&M stop rent payments

Global retailers including adidas and H&M sparked outrage in Germany on Sunday after announcing they planned to stop paying rent on stores that have been forced to close over the coronavirus outbreak. Finance Minister Olaf Scholz urged leading companies...

Coronavirus shakes up fashion brand and supplier communication, says GlobalData

With the coronavirus (COVID-19) pandemic putting a stop to all non-essential travel, technology is now taking a front seat in communication between clothing brands and their suppliers, writes GlobalData. Michelle Russell, Apparel Correspondent for GlobalData, says: “Buyers are now having...

Coronavirus unravels clothing supply chains, says GlobalData

Clothing supply chains are unravelling fast as the fallout from the novel coronavirus (COVID-19) outbreak hits retailers and manufacturers across the world, writes GlobalData. From initial concerns over the disruption to deliveries of clothing from China, where the outbreak began,...

The Dubai Mall virtual store to open on noon.com

Dubai-based Emaar Malls has announced its partnership with e-commerce marketplace noon.com, to open The Dubai Mall virtual store that will support the retailers and community to address the unprecedented challenges from the COVID-19 situation. Retailers at The Dubai Mall can...

Starbucks moves to drive-through only amid coronavirus pandemic

Starbucks announced its company-operated stores in the U.S. and Canada will move to a drive-through-only model for at least two weeks. Some exceptions will be made for those cafes serving in or around hospitals and healthcare centers in our...

Walmart announces special cash bonus, plans to hire 150,000 new associates to keep up with coronavirus panic sales

Walmart announced plans to provide a special cash bonus for hourly associates for their hard work and dedication to serving customers in a time of an unprecedented national health crisis. The bonus is for all U.S. hourly associates in stores,...

Nordstrom to close all US stores

Apparel retailer Nordstrom withdrew its fiscal 2020 forecast and said it would close stores in the United States and Canada for two weeks due to the coronavirus pandemic. “The health and safety of our customers and employees remain our top...

COVID-19 Impact: Uber Eats waives delivery fees for independent restaurants across US and Canada

Uber Eats will waive delivery fee for 100,000 independent restaurants across the United States and Canada. “As we face the uncertainty of this health crisis together with our restaurant partners, we are thinking about how best to support independent restaurants...

Coronavirus freezes consumer-driven US economy, testing retailers

The coronavirus outbreak has transformed the US virtually overnight from a place of boundless consumerism to one suddenly constrained by nesting and social distancing.The crisis tests all retailers, leading to temporary store closures at companies like Apple and Nike,...

Amazon to hire 1 lakh workers in US amid Covid-19 shutdown

Amazon plans to hire 100,000 new full and part-time staff across the US in its fulfilment centres and delivery network as more and people are relying on online deliveries for their daily needs due to the coronavirus pandemic. Amazon said...

LVMH to make hand sanitizers to fight coronavirus

The French luxury group LVMH said Sunday that it would begin producing sanitising hand gel at three of its perfume and cosmetics sites in France, for distribution to French hospitals fighting the country's coronavirus outbreak. “Given the risk of a...

PepsiCo to acquire Rockstar, expand presence in energy drink category

PepsiCo, Inc. announced that it has entered into an agreement to acquire Rockstar Energy Beverages, the popular energy drink maker, for US$ 3.85 billion. "As we work to be more consumer-centric and capitalize on rising demand in the functional beverage...

Gap Inc. names Sonia Syngal Chief Executive Officer

Gap Inc. announced that its Board of Directors has named Sonia Syngal, an accomplished retail leader and CEO of the portfolio’s Old Navy business since 2016, as the company’s next Chief Executive Officer, effective March 23. She will also...

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Indian burgeoning e-commerce lowers discounts, focuses on profits, as funding declines

Two-day Phygital Retail Convention deliberates declining consumption disparity New Delhi: Indian e-commerce market is on the rise, but funding from...
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