New York CNN — The retail store apocalypse stormed back in 2024. Bigger chains can buy larger quantities of goods at a steeper discount than smaller players, and they can put vast sums of money into technology and store improvements that even medium-sized retailers can’t afford. Brutal year for the middle The rise in store closures this year harkens back …
Hong Kong CNN Business — For most of this year, China has been living seven weeks in the future. “There are many wake-up calls that we are working on right now.” Here’s a look at how the future of business has changed — and how China is giving us a preview. The firm is hoping to capitalize on that shift, …
New York CNN Business — 2019 was another bruising year for many American retailers, despite healthy consumers and a strong economy. Other retailers, such as Ann Taylor parent Ascena Retail, Family Dollar, GNC, Walgreens, Signet Jewelers, Victoria’s Secret and JCPenney, slashed their store footprints to save money and prop up higher-performing stores. Thousands more store closings could be on the …
New York CNN Business — Amazon has successfully invented a new shopping holiday, a kind of Black Friday in July. More than 250 retailers are planning deals and are poised to capture Prime Day’s “halo effect.” ‘Step Aside Black Friday’ Prime Day has become Amazon’s annual summer show of force in the shopping world. Prime Day helps Amazon draw new …
