US retail sales soared 1.6% in March

Posted on APNews.com | April 18, 2019 View Article Here     WASHINGTON (AP) — U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped.   The Commerce Department said Thursday that sales increased a seasonally adjusted 1.6% from … [Read more...]

No, Online Sales Aren’t Beating Brick-And-Mortar Retail

Posted on BisNow.com | April 10, 2019 View Original Article Here     There are three types of lies: lies, damn lies and, apparently, retail statistics. A recent U.S. Department of Commerce retail report showed non-store sales eclipsed general merchandise sales by a narrow margin in February, a first in the history … [Read more...]

Gap, JCPenney, Victoria’s Secret, Foot Locker Close 465 stores in 48 hours

Posted on FoxBusiness.com | March 1, 2019 View Original Article     Gap to spin off Old Navy brand The 'retail apocalypse' is alive and well this week with major chains such as Gap, JCPenney, Victoria's Secret and Foot Locker all announcing massive closures, totaling the death of more than 465 stores over the last 48 … [Read more...]

The demise of brick-and-mortar retail has been greatly exaggerated

Posted on RetailCustomerExperience.com | July 11, 2017 Written by Ifti Ifhar, CEO, ComQi View Original Article   There's been no end of stories lately about retail store closures, layoffs and bankruptcies, but the real story isn't about physical retail dying. It's about evolution — and that outlook is very … [Read more...]