5 steps retailers can take to ensure business continuity

DEMI EDMUNDS | April 20, 2020

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Every industry has been affected by the COVID-19 pandemic, with governments implementing various measures in a bid to slow the spread of the virus. This means consumers have had to adapt their behaviour, which in turn is reflected within the economy. As many people are furloughed and many stores have had to implement temporary closures, data shows that people are buying less, which has had a direct impact on the retail industry.

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Retail News Asia

Retail News is a place where retailers can come for all their advice, news and information on everything that is happening in the retail world. We're the first network site where you can catch up on the latest news, techniques, swap ideas and share experiences. We don’t believe industry professionals or those with an interest in the retail sector should have to pay for news. We also offer a free daily email newsletter with the day’s top stories. If you sign up to this newsletter you’ll also be emailed breaking news as it happens, meaning you’re always in the know.

OTHER ARTICLES

Startup Fast raises $20M to streamline e-commerce checkout

Article | April 2, 2020

Fast, a digital login and checkout company, announced last week that it raised $20 million in Series A funding led by Stripe, with additional participation by Index Ventures and Susa Ventures. The funding will enable the company to introduce Fast Checkout, a one-click purchase product for e-commerce, internationally and to expand its product and engineering teams, the company said in a statement. The company will unveil Fast Checkout, a tool which allows consumers to complete purchases with a single click on any browser, platform or device, "in the coming weeks," per the announcement.

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WeWork To Sell Iconic NYC Building To Amazon

Article | April 2, 2020

Amazon’s New York expansion plans will now include the former Lord & Taylor building in downtown Manhattan, as the eCommerce company announced that it will purchase the storied building from office sharing startup WeWork, according to the New York Post. The price tag on the building, famous for being the former New York hub for the shopping retailer, is in excess of $1 billion. The building’s current owner is WeWork, which has been having a difficult time as of late after a failed IPO and then the need for a bailout from SoftBank later. The building has 12 stories. It was sold to WeWork in 2017 for $850 million on the basis that it would become the WeWork headquarters.

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Is It Too Early To Buy Retail Stocks?

Article | April 2, 2020

The coronavirus outbreak has been particularly lethal for the retail sector. The industry has been dealing with a variety of problems from store shutdowns to declines in tourism to a drop in demand for products considered non-essential. The SPDR S&P Retail ETF has fallen 25% this month, compared with a 14% decline for the S&P 500 Index. Before answering that question, we should take a look at the status of the current pandemic and its impact on the economy. Cases of COVID-19, the illness caused by the new coronavirus, have reached more than 600,000 worldwide. The U.S. now has the largest number of confirmed cases in the world, surpassing China and Italy. On a seasonally-adjusted basis, U.S. jobless claims surged to more than 3 million for the week ending March 21 a new record due to disruption from the outbreak, according to the U.S. Department of Labor.

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How to Boost Donations Through Online Point-of-Sale Fundraising

Article | April 2, 2020

According to data firm Statista’s most recent e-commerce outlook, Americans will spend over $1,500 online each over the next 12 months. Moreover, that number is expected to surge even higher as Americans opt to do their holiday shopping online rather than wind their way through those infamous, in-store holiday crowds. If your nonprofit is able to turn that online shopping activity into a fundraising stream, there’s massive potential to boost donations. And the good news is that it’s not incredibly difficult to get started. Below, we’ll walk through how you can get your organization set up to accept these donations during your community’s online point-of-sale moments. First, however, we’ll explore the overall value of point-of-sale fundraising and why you need to consider it as a viable strategy for your nonprofit.

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Spotlight

Retail News Asia

Retail News is a place where retailers can come for all their advice, news and information on everything that is happening in the retail world. We're the first network site where you can catch up on the latest news, techniques, swap ideas and share experiences. We don’t believe industry professionals or those with an interest in the retail sector should have to pay for news. We also offer a free daily email newsletter with the day’s top stories. If you sign up to this newsletter you’ll also be emailed breaking news as it happens, meaning you’re always in the know.

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