KHD Buzz – Predictions for 2020 Back to School Sales, Companies Boycotting Facebook and More
The Outlook for Back to School Shopping in 2020 COVID-19 has, as we all know, had a serious impact on retail. One of retail’s biggest shipping seasons – back to school – is, according to the calendar at least – on the near horizon. But what will it look like this year when in many…
KHD Buzz – Online Sales Growth Hits 12 Year High, Facebook Debuts Plans For Smarter Retail Chatbots and More
Online Retail Sales Hit 12 Year Sales Growth High Due in most part to the COVID 19 pandemic according to a report from IMRG Capgemini online sales growth hit a 12 year high in 2020. Read More Report – Up to 25,000 Stores May Close in 2020 While some retail stores are beginning to reopen…
KHD Buzz – Walmart’s Latest Partnership, Alibaba Woos US Sellers and More
Walmart and ThredUp Partner to Offer Second Hand Clothing in Stores ‘Online thrift store’ ThredUp and retail giant Walmart are partnering up to offer high quality second hand clothing in select Walmart stores and on Walmart.com. Read More Alibaba Offers Free Help for US Small Retail Businesses Before COVID-19 Chinese retail giant Alibaba was actively…
KHD Buzz – UPS Increasing Delivery Charges, Amazon to Keep Temp Workers and More
UPS To Increase Delivery Charges Citing the increased volume of packages they are handling as more people opt for home delivery of goods as a result of COVID-19, UPS increased their delivery charges as of May 31st. Read More Amazon Offers COVID-19 Temp Workers Permanent Jobs Amazon hired over 125,000 people at the height of…
KHD Buzz – Facebook Shops Debuts, Pier 1 Calls it Quits, Jet.com Crashes Out of Retail and More
Facebook Shops Debuts for Small Businesses Facebook’s introduction of Shops builds on their past efforts to boost mobile commerce, at a time when the COVID-19 pandemic has added urgency to helping small businesses whose brick-and-mortar stores were ordered to temporarily close, and aims to create a legitimate alternative retail outlet for both online and brick…
KHD Buzz – Online Impulse Shopping Increasing, Luxury Brands Struggling and More
Luxury Retailers Struggling As Their Consumers Cut Back Across the globe luxury retailers are struggling, even as their physical stores reopen, as it seems even their consumers are looking to save more and spend less in the uncertain times created by COVID-19. Read More The Retail Industry Brainstorms Reopening Plans Retail reopenings are starting, but…
KHD Buzz – Amazon Exec Quits in Protest of Worker Treatment, Stores Begin to Reopen and More
Amazon Exec Quits Over Company’s COVID-19 Employee Firings Tim Bray, an Amazon VP and one of the brains behind Amazon’s cloud computing arm, quit last week in protest of the company’s firing of ‘whistleblowers’ who exposed their poor response to COVID-19 safety. Read More J. Crew is the First Big COVID-19 Retail Victim Former casual…
KHD Buzz – Retail Sales Predicted to Drop Over 6% in 2020, Amazon Under Fire From NY and More
Target’s Online Sales Jump 275% in a Month The COVID-19 crisis may prove to be the boost Target needed in their ‘battle’ with Amazon and Walmart for the mainstream online shopping dollar, as the company reported their online sales jumped 275% in April alone. Read More New York AG Critical of Amazon’s Pandemic Response The…
KHD Buzz – Is Retail Changed Forever, Shake Shack Responds to SBA Loan Backlash and More
Forbes: Retail Will Never Be the Same Again Many states are formulating plans for more retail stores to reopen as the current pandemic has, in many areas, seemingly begun to subside and the economy worsens at the same time. However, according to retail experts writing this opinion piece for Forbes, retail will never be the…
KHD Buzz – SBA Loans Are Downsized, Retail Sales Plummet in March and More
SBA Loans to Small Businesses To Be Scaled Down The Small Business Administration confirmed in an email to loan applicants that a promised advance of up to $10,000 will be considerably smaller for some businesses. The email was sent to business owners who applied for the Economic Injury Disaster Loan, in response to being asked…