KHD Buzz – Target vs. Amazon, How Best Buy Thrived in Lockdown and More
Target Plans to Go Head to Head with Amazon in October
After Amazon announced the delayed 2020 Prime Day sales will be staged on October 13 and 14, 2020 other retailers began announcing October sales too, including Target, who will be hosting “Deal Days” on the same days, and plans to extend Black Friday deals for at least a month. Read More.
Demand For Warehouse Space Rising Again
As online sales continue to rise in the face of the COVID-19 pandemic, for the second year in a row the demand for warehousing space is increasing, with Amazon leading the way. Read More
CEO: Best Buy Thrived in Lockdown
Best Buy’s CEO Corie Barry made an early decision to close stores in March, even though they could have remained open as an essential business. The decision, she says, was the right one, as online sales have helped the chain enjoy its best summer in years. Read More
Poshmark Plans IPO
With the market for thrifted and used fashions continuing to thrive one of its biggest players, Poshmark, is planning to file for an IPO. Read More.