Category: News

By Julia Horowitz, CNN Business

Updated 7:15 AM ET, Wed November 20, 2019

London (CNN Business)Happy Wednesday. A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.

The story of the retail industry has increasingly become about winners and losers. Walmart? By and large, they've been a winner. Others haven't been so lucky. Kohl's (KSS), for example, disappointed investors on Tuesday, highlighting how hard it is to engineer a turnaround amid pressure from Amazon, online brands and big box retailers. The company said sales at stores open at least a year grew an anemic 0.4% during its most recent quarter, my CNN Business colleague Nathaniel Meyersohn reports. Profit fell 24% compared to one year ago, and the retailer slashed its outlook heading into the all-important holiday shopping season. (READ MORE)

PUBLISHED MON, NOV 18 2019 7:03 AM EST By Keris Lahiff@KERISALISON

Retail earnings are kicking into high gear.

Home Depot, Target, Macy’s, Gap and Kohl’s are among those on deck in coming days.

Bill Baruch, president of Blue Line Capital, says there are a few stock charts on his watchlist.

“Home Depot has broken out … and it’s picking up steam,” Baruch said on CNBC’s “Trading Nation” on Friday. “I like Home Depot, but I would rather wait to see a little bit of a confirmation post earnings. Hopefully you’re invested in it already, but if we get better numbers, there could be some good room as a breakout starts to fuel.” (READ MORE)

 Joan VerdonSenior Contributor Retail

Jewelry retailer Pandora, a brand that’s been tarnished by declining sales, today revealed how it plans to draw shoppers back to its U.S. stores, with the opening of its first new concept store in this country.

The 735 square foot store in the Westfield Garden State Plaza mall in Paramus, N.J. is decked out in Pandora’s new signature shade of pink, and includes features and services designed to give people reasons to come to the store.

Shoppers can get charms engraved, or their jewelry cleaned, on the spot. The store has a more open floor plan, with more of the charms, rings, bracelets out in the open, instead of behind glass, and available to be touched and tried on.

Store traffic is the most important driver of sales growth for Pandora, according to Alexander Lacik, the new President and CEO of Pandora. The current sales slump, Lacik said in the third-quarter earnings call Tuesday, can be attributed to “less people coming through the door,” a trend the brand relaunch is designed to reverse. (READ MORE)

By Internet Retailer | Nov 5, 2019

Delivery dominated ecommerce-related discussions in 2019. From Amazon’s push to remake Prime into a 1-day delivery program to Target’s successful expansion of its same-day delivery options to Shopify’s move to add logistics to the broad range of services it offers retailers, this was the year that consumers came to expect fast, easy delivery. While many retailers will spend much of next year looking for ways to match the delivery standards set by Amazon and other large merchants, there’s little doubt that there will be other developments that shake up the retail landscape next year. That’s why we’re asking retail industry insiders to gaze into their crystal balls to tell us what retail developments everyone will be talking about next year.
(READ MORE)

Sophia Matveeva Contributor Careers Startup founder in retail tech.

October has seen two gatherings of retail leaders meet to discuss where the sector is going. Tech by Retail Week began proceedings in early October and Wired Smarter took place yesterday.

While talk of the retail apocalypse is still rife, and troubles at Barney’s do not bring optimism, people still need to wear clothes, buy beauty products and eat. Retail will never be dead, but it is certainly changing. While the two events are different, and draw a different crowd, the main trends discussed were similar. (READ MORE)

 Kaleigh Moore Contributor  Retail I write about retail, e-commerce and DTC.

Fernanda and Vivien Böhme’s family immigrated to the United States in 1992: Fernanda was eight, and Vivien was nine. The two sisters grew up working alongside their parents cleaning corporate sky-rises from after school until midnight for about 10 years.

The work ethic they learned from that experience paid off when in 2006, the sisters (then 23 and 24 years old) decided to launch a fashion brand with a physical retail presence with nothing more than a willingness to learn and a dedication to hard work. (READ MORE)

By Alex Nicoll

Google Nest just launched a pilot with the nation’s largest apartment manager — showing where it sees the next big opportunity selling smart devices. (READ MORE)