Last week, Nike surprised investors in its earnings report when it revealed that sales in China had declined by only 5% for the quarter ending February 28. While China is a key growth market for the apparel and footwear giant, the decrease demonstrated how well Nike had navigated a nationwide … … READ MORE >
retail
Retailers and restaurants should consider the CARES Act
On March 27 the president signed the CARES Act into law, providing $2 trillion in aid for individuals and business throughout the United States. Great uncertainty exists within the middle market as companies scramble to determine what programs are available, whether they are eligible, and how they can take advantage … … READ MORE >
Between a rock and a hard place, retailers ask to stop paying rent to survive
In a move for self-preservation, retailers are demanding that their landlords withhold or slash rent in the coming months as stores have closed to slow the spread of the coronavirus. … READ MORE >
How middle market retailers can position themselves to survive coronavirus, and Amazon
Amazon’s suspension of non-essential products through at least April 5 will leave the door open for other retailers that have the flexibility to focus on the categories that shoppers will not be able to find on Amazon. … READ MORE >
Betting that size matters: Macy’s closures on trend in retail
Retail closures are not always related to underperforming stores or the downsizing of operations. In many cases, a retailer closes a location because the real estate no longer suits the intended use of physical space now and in the future. … READ MORE >
In the digital age, knowing the customer becomes all the more important
Knowing the customer has become especially important in the digital age, when a company like Amazon has leveraged its extensive use of customer data to help it become one of the nation’s largest retailers. … READ MORE >
How middle market retailers can compete with free delivery
In a recent survey from the National Retail Federation, free shipping and shipping promotions ranked fourth on the list of factors that consumers said would affect their choice of retailer. … READ MORE >
Administration delays tariffs on some Chinese goods ahead of holidays
The Office of the U.S. Trade Representative on Tuesday issued a notice stating that an additional planned 10% tariff set to take effect on Sept. 1 on many imports from China will be delayed on some of those products until Dec. 15. The move was expected to provide relief to U.S. retailers and consumers ahead of the critical holiday selling season. … READ MORE >