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Today In Retail: Bed Bath & Beyond Completes Sales Of Cost Plus World Market; Starbucks To Help Out Washington State With Vaccine Distribution

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In today’s top retail news, Bed Bath & Beyond said it has finished its sale of Cost Plus World Market (CPWM) to a private equity firm, while Starbucks will help Washington state with the distribution of coronavirus vaccines. Bed Bath & Beyond Finishes Sale Of Cost Plus World Market To PE Firm. The count of U.S.

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Today In Retail: Amazon Grows Palm Biometrics In Washington State; Toyota, Lexus Take Control Of Online Buying Platforms

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In today’s top retail news, Amazon Go stores in Seattle are reportedly being equipped with Amazon One palm-reading scanners, while automotive brands are taking control of digital purchasing platforms. The clothing market is a quickly evolving place, a fact showcased by Amazon’s quickly increasing share of the market.

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Federal Workers Allowed To Purchase Supplies From Online Retailers

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Federal workers, through partnerships with several online retailers, will now be able to purchase equipment like desks or office supplies through an eCommerce network for the first time, The Washington Post reports. The GSA is estimated to spend around $6 billion per year on open market credit card purchases.

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Lord & Taylor Joins Retail Bankruptcy Watch

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The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

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Report: Washington Post’s Arc Publishing On Delivering Digital Payments Choice

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Consumers are showing little interest in returning to in-store shopping six months into the pandemic, leading retailers around the globe to double down on their digital capabilities to convert these new digital-first shoppers. The trouble then becomes how to maintain and manage payment systems that use multiple payments integrations at once.

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Today In Retail: CarLotz Looks To Launch Hub Network; Build-A-Bear Anticipates eCommerce Jump

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In today’s top retail news, CarLotz, Inc. Plus, retail rents have fallen to historic lows in the Big Apple amid the coronavirus pandemic. The firm will expand into the Seattle–Lynnwood, Washington market and will also provide a hub for the Orlando–Merritt Island, Florida area. CarLotz Plans Rollout Of US Hub Network.

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Retail Advocacy Groups Mix Urgency And Cautious Optimism

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The forces closing in on retail have forced its various trade and advocacy groups to press their case in Washington. According to The Washington Post , even routine finance issues have become risky. While the AAFA is taking its concerns to the government, the National Retail Federation (NRF) has expressed cautious optimism.

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