Amazon.com will need to spend billions of dollars to open warehouses to meet the growing demand for products sold by the company and its third-party marketplace sellers.
Shein, a Chinese fast-fashion brand, has become a favorite online destination for American teens. Shein has benefited from the low-price merchandise sold it sells despite concerns about the environmental impact of easily disposed of clothing.
Foot Locker announced that it has reached separate deals to acquire WSS, an athletic retailer based in Los Angeles, and Atmos, a Japanese sneaker and streetwear retailer, for a combined $1.1 billion in cash. “Both transactions reflect our commitment to our growth strategy and engaging with new and incremental consumers,” said Foot Locker CEO Richard Johnson.
Sephora recently announced having made significant progress on corporate issues advancing diversity, equity and inclusion among stakeholders including employees, customers and vendors. The beauty retailer will have more than doubled the number of Black-owned brands selling products on its store shelves and online by the end of 2021.
L Brands is releasing current and former employees from nondisclosure agreements tied to cases in which sexual harassment has been alleged to have taken place. The retailer, which is in the process of separating Victoria’s Secret and Bath & Body Works into two publicly traded companies, has said that each chain will spend $45 million over the next five years on programs designed to promote diversity and inclusion.
New guidelines put in place by the U.S. Centers for Disease Control as a result of the spread of the Delta is leading retailers to require and/or request workers and customers to wear face masks. Apple is requiring all to wear masks in certain stores, while Meijer is recommending that they do the same.
Land O’Lakes, which got its start 100 years ago as the Minnesota Cooperative Creameries Association, has grown into a $14 billion-a-year dairy, feed and seed business. “That cooperative model is our very foundation, the fact that we are owned by our farmer members, by our local retail network, I think it’s so powerful,” said Land O’Lakes president and CEO Beth Ford.
Target announced that it will offer bonuses to eligible full- and part-time associates at its stores as well as staff that support its customer and employee contact centers. “Our team members continue to deliver each and every day for our guests and one another,” said Melissa Kremer, Target’s chief human resources officer, in a statement. “Our culture, strategy and success would not be possible without our incredible team at the center of it all.”
The unwillingness by a large percentage of Americans to get vaccinated against COVID-19 is increasing the likelihood that a vaccine-resistant variant is not far away, according to the director of the Centers for Disease Control and Prevention and other infectious disease experts.
Conor Flynn, CEO of Kimco Realty, said his company’s shopping centers are seeing customer counts on par with numbers prior to the outbreak of the novel coronavirus pandemic. The company, which operates about 400 grocery-anchored shopping centers in the U.S., has seen an increase in its occupancy rates as the domestic economy reopens.