Retail begins its long fight back, but the shift is away from bricks and mortar

June 30, 2020 Alex Lennane

Citing surging online sales and the migration of its product portfolio to digital offerings, Microsoft announced on Friday it would close its retail stores.
On the same day, H&M revealed it would end 2020 with 40 fewer stores in its chain, and throttle back on new branch openings as it steps up its efforts in e-commerce.
The retail sector is witnessing a massive shift to online selling, in many cases hand in ...

The post Retail begins its long fight back, but the shift is away from bricks and mortar appeared first on The Loadstar.

Previous Article
MW: FedEx stock rallies 9% as online shopping sprees boost company’s quarterly results
MW: FedEx stock rallies 9% as online shopping sprees boost company’s quarterly results

MARKETWATCH reports: FedEx Corp. stock rallied late Tuesday after the deliveries and logistics company repo...

Next Article
Shrinking contract rates pushing ocean carriers towards the spot market
Shrinking contract rates pushing ocean carriers towards the spot market

Declining long-term contract rates on major tradelanes may be a concern for ocean carriers, but the bullish...