Three hot retail tech trends from the summer of ‘new normal’As summer 2020 draws to a close, it is time to look back on how COVID-19 helped shape some key developments in retail technology. Lord & Taylor expands closing sales to all storesThe country’s oldest department store is inching closer to shuttering all its stores. Gap swings to Q2 loss; ups store closures Gap Inc. reported a net loss and declining net sales in the second quarter of fiscal 2020, and plans to shutter over 225 net stores globally. Amazon continues health push with Fitbit-like device Amazon is expanding its healthcare offering into wearables. Midwest grocer supports e-commerce with Instacart Enterprise Heinen’s is relaunching its e-commerce program with help from Instacart. Dollar General sees Q2 sales, profits soar; names HR head as EVP Dollar General Corp. continued its financial momentum from the first quarter and elevated the position of its chief people officer. Report: Walmart joins Microsoft TikTok bid Walmart is reportedly the latest player in the competition to purchase the U.S. business of the controversial Chinese social media platform TikTok. UPS subsidiary integrates with Google Shopping On-demand fulfillment platform Ware2Go will supply real-time inventory information to advertisers on Google Shopping. Abercrombie swings to Q2 profit; digital sales a bright spot Despite falling net sales, Abercrombie & Fitch had some good news in Q2 fiscal 2020. Promotions will be the key to driving CPG sales this holiday season This holiday season will be challenging for CPG manufacturers as pandemic-induced uncertainty is making it difficult for brands to confidently plan seasonal marketing activities. First Previous 1902 1903 1904 1905 1906 Next Last
