COVID-19 will continue to affect U.S. consumer spending in 2021; and the length of the outbreak, the timing of vaccine distribution, corporate activity such as layoffs and potential government stimulus will all likely influence consumer sentiment around opening their pocketbooks, according to the outlook Fitch Ratings released in December.
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Retail
Pet Supplies Plus to acquire NJ locations of Pet Valu
The planned rebranding saves potential jobs and creates turnkey franchise opportunities
Read More »NJ to get $98,368 from data breach settlement with e-tailer CafePress
The usernames and passwords of 535,022, and another 5,034 New Jerseyans’ Social Security numbers and/or Taxpayer Identification Numbers were compromised in the network attack.
Read More »Taylored Fulfillment Services acquires US operations of Toll Global Logistics
Deal unlocks over 4.1 million square feet of Tier 1 distribution space, creating key efficiencies.
Read More »Benjamin Moore acquires UK distributor Shaw Paints
The target has been the Montvale-based paint manufacturer's exclusive distribution partner for the past five years.
Read More »Spencer’s parent company elevates COO to president
Isaac Silvera leads the finance, supply chain, real estate, information technology and e-commerce teams, and plays a key role in driving new initiatives and strategy.
Read More »Bed Bath to sell Cost Plus World Market to private equity
The deal includes 243 bricks-and-mortar stores, two distribution facilities, an e-commerce business and a corporate office in Alameda, Calif.
Read More »Southern convenience chain purchases QuickChek for $645M
The purchase price includes expected tax benefits valued at $20 million for a net after-tax purchase price of $625 million.
Read More »Amazon Logistics launches Carteret delivery station
The delivery station at 377 Roosevelt Avenue will create more than 200 associate jobs, all paying at least $15.00 per hour, in addition to hundreds of driver opportunities for Amazon’s Delivery Service Partners and Amazon Flex drivers.
Read More »Walmart announces more than $8.4M in bonuses for New Jersey associates
New Jersey associates received a little extra in their Nov. 25 paychecks following the company's strong third-quarter business performance.
Read More »Levin Management retail survey gauges a holiday season different than the rest
Retailers weighed in on sales, traffic and their optimism. The takeaway? While the global pandemic has made an indelible mark, there are some brighter-than-expected results.
Read More »‘Grinch times five’
The COVID-19 pandemic has shattered traditions over the past nine months, and the year end holiday season will be no exception. In the past, holiday shopping would kick off with a Black Friday dash, and hundreds or thousands of consumers crowding into malls and big box stores for the best deals. This year, the madness was far more muted.
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