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TJX Cos. bucks retail’s store closure trend
As a number of traditional chains across the industry continue to struggle, TJX Cos. is being called one of the country’s fastest growing retailers. Traditional retailers industry-wide are blaming shifting consumer tastes, digital options and new competitors for not only stealing their wallet share, but for declining foot traffic and related sales. However, this could not be farther from the truth for TJX Cos. -
Holiday shipping to get more expensive: UPS to charge extra during peak times
For the first time ever, UPS is going to add a surcharge for orders delivered to homes during peak holiday times. The surcharges, which apply only to residential deliveries, could boost the buy-online-pickup-in-stores (BOPIS) strategy deployed by many store-based retailers. The move comes as the shipping giant look to combat its escalating costs, which include increased investments in hiring, in the wake of the shipping boom caused by rising online package volumes.

