Although unconfirmed, details emerge that Payless Shoesource will not come out of Bankruptcy trading. Instead all 2,300 stores will be shut down and all assets liquidated. Source Reuters.
Category: News Bites
Amazon has reportedly secured a location near Oxford Circus in central London to open its new food store concept called ‘Amazon Go’. Competing with chains such as Pret-A-Manger, Eat and Marks & Spencer, ‘Amazon Go’ food stores would offer even greater convenience by allowing shoppers to simply pickup their goods and go. With the caveat […]
Australian retailer of electronics and digital entertainment products, JB Hi Fi reports half-yearly results. Highlights include; Sales grew 4.2 per cent to $3.8 billion for the six months ended 31 December 2018. Operating costs remain steady at 14% Profits up 5.5 per cent year-on-year to $160.1 million Online sales were at 21 per cent to […]
Survey conducted by Shopgate reveals the following retailer priorities in 2019; 67% say omnichannel retailing will be a priority 61% say BOPIS (buy online, pick up in-store) and BORIS (buy online, return in-store) are at the top of their omnichannel plans and investments. 50% listed a mobile shopping app as a top priority in their […]