Retail
Survey: Second-hand retail sales will reach $77 billion by 2025
Dan Berthiaume Senior Editor, Technology The resale market is expected to double in the next five years. According to the ninth annual “2021 Resale Report” from online resale platform ThredUp Inc. and retail analytics firm GlobalData, secondhand apparel, shoes, and accessories is now a $36 billion market, projected to double in the next five…
Read MoreDick’s Sporting Goods Bets on Experential Retail
Source: Chain Store Age Writer: Marianne Wilson Dick’s Sporting Goods is running fast these days. The nation’s largest sporting goods retailer has had a busy few months, adding soccer shops to namesake locations, remodeling Golf Galaxy stores and opening clearance stores. But its most talked-about initiative has been the debut of an experiential retail concept…
Read MoreHalf of Americans saw their favorite local store shut down because of pandemic
Source: Study Finds By: Chris Melore Many shoppers now swearing off big box stores after seeing beloved shops shutter NEW YORK — Few people have escaped the financial impact of the coronavirus pandemic and that’s especially true for local ‘mom and pop’ shops. A new study finds half of Americans have witnessed their favorite local…
Read More5 Signs that Retail Is Going to Be OK
SOURCE: Retail Dive Staff Writer: Daphne Howland Last year was a challenge like no other for the retail industry. COVID-19 upended people’s existence worldwide, threatening human life and undermining the global economy. Job and wage losses took a toll. Even those able to stay healthy and financially secure have faced disruptions to daily life, upsetting work,…
Read MoreRent is Cheap, Vacant Space is Everywhere: Retailers Seize the Moment to Open Stores
SOURCE: CNBC Lauren Thomas Published: March 18, 2021 KEY POINTS For the first time in years, retailers plan to open more stores than they close. From Ulta Beauty and Sephora, to Dick’s Sporting Goods, Five Below and TJ Maxx, businesses are rebounding from the Covid pandemic and looking to expand. Many businesses see an opportunity…
Read MoreWhy Apple, Sephora and Nordstrom are jumping on this trend to pull in shoppers Parija Kavilanz CNN Business
SOURCE: CNN Writer: Parija Kavilanz New York (CNN Business)As the pandemic drags on, big chains like Target and Nordstrom are looking for ways to keep consumers coming back to their stores. One go-to strategy is the store-within-a-store concept. It’s a way for one retailer to join forces with another by setting up a pop-up shop…
Read MoreSo long, sweatpants. Americans show signs they’re ready to get dressed up again
SOURCE: CNBC / Lauren Thomas reporting Published: March 5, 2021 KEY POINTS Urban Outfitters has offered one of the first signals during the Covid pandemic that women are starting to gravitate toward shopping for dresses again. The retailer’s Anthropologie brand said seven of its top 10 selling items were dresses in the final week of…
Read MoreMonthly retail sales from the US Commerce Department
The department’s Census Bureau tracks estimates each month. Retail Dive provides the numbers for key segments, and their year-over-year progress, or decline. [ December sales up 6.7% as shoppers ditch department stores. ] UPDATED: Jan. 19, 2021 REPORTING BY: Daphne Howland, Caroline Jansen DESIGN BY: Nami Sumida Editor’s Note: Comparisons for individual segments are updated…
Read MoreBelk’s top lenders, including KKR, looking to avoid taking department store through bankruptcy, WSJ says
SOURCE: CNBC By: Lauren Thomas KEY POINTS KKR and other major lenders to Belk are in talks with the department store chain to keep it out of bankruptcy, according to a Wall Street Journal report. The company, its lenders and the private equity firm Sycamore Partners are inching closer toward reaching an out-of-court deal, the…
Read MoreMerchandise returns totaled $428 billion in 2020; top categories of returns were…
SOURCE: ChainStore Age By: Marianne Wilson Merchandise returns totaled approximately 10.6% of total U.S. retail sales last year. That’s according to a report released by the National Retail Federation and Appriss Retail, which found that consumers returned an estimated $428 billion in merchandise to retailers in 2020. Roughly 5.9% of the returns were fraudulent, equating…
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