Payless Shoesource goes into Liquidation
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.
News Bites
Amazon to open check-out free store in London
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 … Read moreAmazon to open check-out free store in London
JB Hi Fi Sales up 4.2% in Half Yearly Results
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 … Read moreJB Hi Fi Sales up 4.2% in Half Yearly Results
Omnichannel Retailing a Priority for Retailers in 2019
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 … Read moreOmnichannel Retailing a Priority for Retailers in 2019