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Hiring is a challenge for many retailers this year, prompting companies to incentivize candidates with increased pay and perks. However, the traditional retail hiring practice is also part of the problem. The Body Shop's newly-implemented "open hiring" method, which removes several application barriers, is helping the company staff its stores and warehouses.
Lids announced that it would be expanding to the U.K. for the first time with four new London-based stores. The company's President Britten Maughan talked with Modern Retail about the resonance of U.S. sports across the pond, the importance of personalization in sportswear and future international expansion plans.
Crafting retailer Joann’s third quarter revenue was down 14% year-over-year, despite the retailer's digital investments. The performance highlights that, after a banner 2020, crafting and sewing interest has officially slowed down.
While 2020 may have been the mad dash towards omnichannel pickup -- any omnichannel pickup -- retailers in 2021 are now finding ways to iterate upon their initial offerings. Ahead of the holidays, retailers like Target and Kohl's are dedicating more space, more features and more focus to online/offline pickup services.
Healthy Roots Dolls was first devised in 2014 as part of a school project. In 2018, founder Yelitsa Jean-Charles launched a Kickstarter that raised $50,000. Earlier this year, the company raised a $1 million seed round. And, this past October, Healthy Roots landed in over 1,200 Target locations. Jean-Charles joined the Modern Retail Podcast this week and talked about the company's journey.
The Modern Retail Index takes a deep look at the top retailers -- from big-box stores to pharmacies to grocers -- and analyzes the different ways they cater to customers’ online needs. In the Index, we drill down on the core components of every retailer’s business -- and ways they’ve modernized digital platforms to stay relevant with customers.
Media company Popsugar is continuing to invest in traditional retail, and will launch a new line of home fitness gear in partnership with Target this December. Popsugar is looking to expand its retail presence in one of its strongest content categories: many of Popsugar’s most popular workouts have over 25 million YouTube views.
Pacsun has been hosting shoppable live video on its website, TikTok and Amazon Live since August. President Bree Olsen told Modern Retail that the fledgling format “represents the power of conversational commerce.”
Retail analytics firm Sensormatic Solutions found that in-store foot traffic was down 90% on Thanksgiving day and 28% on Black Friday compared to pre-pandemic 2019 levels. With brands pushing holiday shopping earlier, offering smaller discounts and failing to prevent out-of-stocks, consumers shift away from Black Friday this year.
At Macy’s, Abercrombie & Fitch, Tapestry, Kontor, Kohl’s, Boot Barn and Farfetch, revenues grew between 10% and 33% year-over-year this quarter.As apparel retailers learn to navigate supply issues and consumers return to stores, children’s apparel, formal clothing and jewelry lead third quarter success.
Best Buy combats margin declines and supply chain constraints with investments in a beefed-up membership program. While the program has put short term financial pressure on the company, analysts interviewed by Modern Retail and Best Buy executives promise long-term gains.
After years of helping build the plant-based food trend, Impossible Foods is partnering with another CPG brand. This month Buitoni Food Group released the first two Impossible products, which the company says is an attempt to cater to consumers' changing diets and tastes.
A recent Modern Retail and Glossy survey asked brands and retailers what they expected for the weeks to come, and many reported overall positive outlooks. Over half of the respondents said they expect their holiday revenue to be at least slightly up from 2020's sales. Recent earnings results underpin these expectations.
We've entered a new paradigm for the work lunch. While restaurant lunch sales are slowing relative to pre-pandemic, customers are instead flocking to grocery stores and other retailers for home-cooked, packaged, and frozen meals -- turning lunches into an increasingly supermarket-centric occasion. As a result, lunch-focused businesses are pivoting.
Nearly two years after the start of the coronavirus pandemic, retailers are still getting accustomed to operating in uncharted territory. That was evident during a series of third-quarter earnings calls last week from some of the biggest retail chains -- Walmart, Target, Home Depot, Lowe's, Kohl's and Macy's all reported earnings.
Hiring is a challenge for many retailers this year, prompting companies to incentivize candidates with increased pay and perks. However, the traditional retail hiring practice is also part of the problem. The Body Shop's newly-implemented "open hiring" method, which removes several application barriers, is helping the company staff its stores and warehouses.
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