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Retail 2020-05-29T03:01:00Z
us total retail sales

The future of retail in the US: industry trends and market trends

With fierce online competition, brick and mortar businesses are innovating like never before. Check out the latest retail trends for consumer preferences, new shopping technologies and the impact on ecommerce with our Future of Retail report preview.
Retail 2020-05-29T01:03:00Z
Target Minneapolis protest

Target is closing 24 stores in Minnesota 'until further notice' amid looting and protests following the death of George Floyd

Target is closing 10 locations in Minneapolis and St. Paul, as well as 14 more in the surrounding region.
Retail 2020-05-29T00:32:24Z
costco employee sample shopping

Costco's free samples will be back by June, but they may not be the same after the coronavirus

Costco CFO Richard Galanti spoke to analysts on Thursday about how the coronavirus has affected the warehouse club.
Retail 2020-05-28T20:37:00Z

JCPenney launched a new bedding brand less than 2 weeks after filing for bankruptcy

JCPenney has a new bedding brand, Linden Street, just over a week after it filed for Chapter 11 bankruptcy.
Retail 2020-05-28T20:09:02Z

Kiddie pools are the new Instagram status symbol and are being resold on eBay for over 300% their original value

An Intex pool previously sold at Walmart for $370 is being resold on eBay for between $1,000 and $1,500.
Tech 2020-05-28T19:31:56Z

Amazon's website is down for many users across the US

Amazon's website appeared to be down, on both desktop and mobile, in many parts of the US on Thursday afternoon.
Transportation 2020-05-28T19:10:32Z

Executives who work for Amazon's logistics kingpin Dave Clark become 'Dave whisperers' to avoid directly speaking to the brash boss

Executives who work for Amazon SVP Dave Clark say their boss is "brilliant," but his straightforward attitude inspires an unusual corporate culture.
Retail 2020-05-28T18:04:00Z

The Future of Retail: Online Checkout

In The Future of Retail slide deck, Business Insider Intelligence outlines SRC-enabled checkout and explores how it could either take off or burn out.
Retail 2020-05-28T17:02:00Z

Andrew Cuomo said he will sign an executive order today giving businesses the right to refuse service to people not wearing masks. Businesses already have that right — here's why.

"You don't have a right to walk in a store and cause all the other patrons to run out because you're not wearing a mask," Cuomo said on Thursday.
BI Prime Strategy 2020-05-28T16:36:00Z

Patagonia's CEO topped a list of LGBTQ innovators in business. She told us how meditation fuels her success, and what Buddhism has taught her about strong leadership.

Fast Company named Rose Marcario, CEO of Patagonia, the top leader on its Queer 50 list. Here's her best career advice and leadership tips.
News 2020-05-28T16:28:00Z

Texas coronavirus cases decline as businesses reopen and people resume social lives, but Houston mayor warns, 'The virus is still here'

Shops, nail salons, movie theaters, churches, beaches, bars, and restaurants are now open to the public with physical distancing.
Tech 2020-05-28T15:35:13Z

Amazon engineers spend hours preparing for ordinary meetings with one of Bezos' top executives because they're afraid of encountering 'Brilliant Clark'

For some engineers, Clark's attention to detail has earned him a flattering nickname: "Brilliant Clark."
Retail 2020-05-28T14:53:45Z

Starbucks reusable cups sales are exploding on resale sites as people pay 5 times original prices for a sense of coffee shop normalcy

Starbucks is the No. 1 trending brand on fashion resale site Poshmark, with the CEO saying people have been struck with Starbucks nostalgia during quarantine.
Retail 2020-05-28T13:53:18Z

Dollar General's strategy was to go where Walmart wasn't, and it's paid off massively during the pandemic

Dollar General reported blockbuster first-quarter earnings results on Thursday, seeing net sales soar by 27.6% for the first three months of the year.
Retail 2020-05-28T13:41:28Z

Ruby Tuesday has quietly closed 147 restaurants since late January. Here's the full list.

Ruby Tuesday has been shedding locations for years as it struggles to win younger consumers.
BI Prime Tech 2020-05-28T13:23:00Z

How Dave Clark, the mastermind behind Amazon's coronavirus response, became one of the most powerful executives in America

You might not have heard of Dave Clark. But his wide-ranging responsibilities at Amazon make him one of the most influential people in corporate America.
Retail 2020-05-28T12:11:00Z

Minneapolis Target descends into chaos as looters smash windows, destroy shelves, and haul away everything inside amid protests against the death of George Floyd

Videos and photos show overturned shopping carts, empty shelves, smashed windows, and people hauling away televisions and other expensive goods.
Finance 2020-05-28T11:48:00Z

From warehouses to office space, real-estate markets are being turned upside down — and these are the winners and losers

Flex-office firms are struggling, and companies are rethinking leases for offices. Meanwhile, demand for warehouse space is emerging as a bright spot.
Tech 2020-05-28T09:19:40Z

An Amazon warehouse worker said engineer Tim Bray 'didn't take it far enough' when slamming the company for firing whistleblowers

Warehouse worker John Hopkins said his experience validates criticisms made by senior Amazon engineer Tim Bray, who resigned in protest.
Retail 2020-05-28T07:10:00Z

Fast-fashion giant Boohoo acquires remaining stake in widely successful PrettyLittleThing brand for $331 million

PrettyLittleThing has grown at a rapid rate since it launched in 2012 and has been dubbed by analysts as "the jewel in Boohoo's crown."
Retail 2020-05-28T06:02:00Z

THE IN-STORE CHECKOUT REVOLUTION: How payments companies can take advantage of a $21 billion opportunity

Business Insider Intelligence forecasts the expansion of autonomous checkout stores and their payments volume over the next five years.
Executive Lifestyle 2020-05-27T22:46:00Z

The CEO of Bluemercury explains how her luxury beauty company adapted its innovative, hands-on retail strategy to survive in a digital-first world amid the pandemic

Marla Beck founded Bluemercury in 1999 because she didn't like the way department stores sold beauty products.
BI Prime Retail 2020-05-27T21:12:00Z

Makeup sales were down 22% during the first quarter, but Urban Decay founder predicts a boon in brow, mascara, and liner, as we peer at each other from behind our masks'

Urban Decay founder Wende Zomnir says the recession sparked by the pandemic will rejuvenate cosmetics sales, citing the "Lipstick Index."
Retail 2020-05-27T20:02:00Z

THE OMNICHANNEL FULFILLMENT REPORT: Why the death of brick-and-mortar has been greatly exaggerated

Business Insider Intelligence examines the current trajectory of BOPIS and BORIS and provides strategies retailers can use to implement them.
BI Prime Retail 2020-05-27T19:56:00Z

How DTC brands can survive and thrive in the downturn, according to a millionaire founder who's launched 3 of his own successful DTC brands

Entrepreneur Kevin Gould recently shared his top tips for how brands can survive a downturn, from preserving cash flow to cutting costs.
BI Prime Tech 2020-05-27T19:53:07Z

Jeff Bezos revealed the one question he always asks himself before setting Amazon's vision for the next 10 years

Amazon CEO Jeff Bezos says the one question you have to ask yourself when thinking about the next 10 years is: "What won't change?"
BI Prime Retail 2020-05-27T19:39:00Z

Retailers are calling curbside pickup a pandemic era success, and it's a sign they won't abandon brick-and-mortar stores anytime soon

A recent analysis estimated that curbside pickup could be a $35 billion market by the end of 2020.
BI Prime Retail 2020-05-27T19:36:00Z

The CEO of Retro Fitness makes his case for why all gyms should be 'immediately opened,' as he warns of 'a self-imposed financial crisis'

"This is not a bum rush. I believe that gyms are actually in a far better position to provide health and safety than restaurants, bars, and retail."
BI Prime Advertising 2020-05-27T18:51:00Z

Instacart is gearing up to compete with Walmart and Amazon's advertising business as online grocery shopping soars

The grocery startup has rolled out a new self-serve advertising-buying tool for brands and agencies.
Retail 2020-05-27T18:47:57Z

The Adidas face mask that sold out after one day resold on eBay for $90 — over 5 times the original price at retail

Adidas launched a $16 commercial face mask on its website that sold out in one day. A three-pack of the mask sold on eBay for $90 shortly after.
BI Prime Tech 2020-05-27T18:43:15Z

Amazon CEO Jeff Bezos told shareholders that his leadership team has done a 'remarkable' job during COVID-19: 'I'm proud of what we've done.'

Despite the public criticism and employee protests, Amazon CEO Jeff Bezos says his leadership team has done a "remarkable" job during COVID-19.
Retail 2020-05-27T18:13:52Z

7 red flags to be on the lookout for when restaurants reopen

Red flags include poor ventilation, waiters not wearing masks, and restaurants not allowing customers to make reservations.
Retail 2020-05-27T16:34:11Z

Tuesday Morning is closing at least 132 stores after filing for bankruptcy — see if your local store is on the list

Tuesday Morning, which sells off-price home furnishings and decor, is planning to close at least 132 stores across the US this summer.
Retail 2020-05-27T16:13:45Z

Seeking nominations for the top women transforming the sneaker industry, from designers to resellers

Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.
Retail 2020-05-27T15:40:01Z

Disney World is set to reopen on July 11 with masks and temperature checks required

Disney told a Florida task force that it planned to open its Magic Kingdom and Animal Kingdom parks first, followed by Epcot and Hollywood Studios.
Retail 2020-05-27T14:42:00Z

These 15 retailers and restaurant chains have filed for bankruptcy or liquidation in 2020

J. Crew, Neiman Marcus, and JCPenney are among those that have filed for bankruptcy in the first half of 2020.
Retail 2020-05-27T14:20:17Z

The controversial Ben & Jerry's-themed Nike SB Dunk sneaker is already reselling for thousands the day after it dropped

The "Chunky Dunky" sneakers, though a hit, were divisive in the sneaker community, especially among long-standing fans of the classic Nike silhouette.
Retail 2020-05-27T13:50:00Z

More than 3,600 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.

L Brands said Wednesday that it plans to close about 250 Victoria's Secret stores in the US and Canada in 2020.
Retail 2020-05-27T13:19:00Z

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.
Retail 2020-05-27T13:14:00Z

Amazon is planning a summertime sale separate from Prime Day

Amazon is planning a "Summer Sale" that would enable merchants to sell extra inventory they may have accumulated during the coronavirus pandemic.
Retail 2020-05-27T13:05:01Z

Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores

Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.
BI Prime Retail 2020-05-27T12:53:00Z

The 17 best Peloton classes, according to power users

If you have just joined Peloton: here are some of the best classes to take, according to its longtime users.
Retail 2020-05-27T12:00:00Z

Food trucks may be the perfect solution to feed customers' nostalgia for dining out as the future of the restaurant industry remains uncertain

Mobility is now a necessity to reach patrons at home and in parks and open spaces, says Ross Resnick, CEO of food truck company Roaming Hunger.
BI Prime Finance 2020-05-27T10:47:00Z

Lease obligations are 'suffocating' retailers — and a potential court fight over a Victoria's Secret flagship NYC store highlights a wider battle between tenants and landlords

Victoria's Secret wants to shed 250 stores nationally. Closing 2 Herald Square would shutters one of its most prominent locations.
Retail 2020-05-27T09:38:00Z

H&M's 2,500 furloughed workers from its Stockholm headquarters are set to return to work in July

"As it currently stands, we will not seek to extend the furlough period for our staff at the headquarters in Sweden to the July-October period."
Retail 2020-05-27T08:41:00Z

Macy's looks to raise $1.1 billion in bond offering as the pandemic ravages its business

Macy's said earlier this month that it expects to take a $1 billion loss during the most recent quarter because of lockdowns.
Retail 2020-05-27T04:00:00Z

THE BUY BUTTON REPORT: The introduction of SRC will turn the online retail payments industry on its head — here's how payments players can win in the new checkout landscape

This report lays out what SRC and its buy button are, how the button works for users and merchants, and obstacles between it and widespread adoption.
Retail 2020-05-26T21:16:26Z

A California McDonald's was forced to close after 22 workers walked out in protest of the fast-food giant's response to the coronavirus

Employees said they were told to use coffee filters or dog diapers as the location ran out of masks.
Retail 2020-05-26T20:53:00Z

17 fast-food and restaurant chains you might see less of in 2021

From classics like Burger King to regional favorites like Luby's, these restaurants have shut down multiple branches.
Tech 2020-05-26T20:22:47Z

11 local news stations praised Amazon's health and safety practices but didn't tell viewers the company had provided the content

The nearly identical segments aired a day before Amazon's annual shareholder meeting, where investors plan to press the company on its safety record.
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