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Multichannel Retail
Top stories summarized by our editors
4/9/2021

Levi Strauss looks to open more stores this year to take advantage of vacant retail space and further its goal of expanding direct-to-consumer sales from 40% to 60% of total revenue, CEO Chip Bergh said. The fashion brand operates 40 full-line stores and 200 outlets in the US, and new locations will be smaller-format NextGen stores that will use machine learning tech to manage inventory, Bergh said.

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CNBC
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Bergh
4/9/2021

A bridge loan is a short-term financing tool, one designed to satisfy a business' needs until a longer-term loan is secured, writes Dock David Treece. Treece discusses different situations where a bridge loan might be suitable and offers a comparison of terms between bridge loans and conventional bank loans.

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Business
4/9/2021

Samsung's award-winning BESPOKE customizable refrigerators and their stunning designs have inspired consumers around the world. Now, the BESPOKE lineup is available to buy in the U.S. You can customize your fridge to match your home's style, whether you choose the all-new 4-Door FlexTM, the Flex Column, the Bottom Freezer, or a combination of the formats.

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TWICE
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Samsung
4/9/2021

One year after Amazon moved Prime Day from July to October as a result of the Covid-19 pandemic, the company is planning to hold its 2021 annual discount shopping event closer to its normal summertime slot.

Multiple internal and external sources told Recode that Amazon is currently targeting June to hold the 2021 Prime Day event. If Amazon moves ahead with this plan, the Prime Day multi-day sales event will most likely happen in the middle to latter part of the month, multiple sources said.

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Recode
4/9/2021

Amazon Fire TV devices continue to sell thanks to their abundance of access to Amazon content and Amazon's frequent sale pricing. But now that there are four different models, it can get confusing to figure out which is right for you. They all run Fire TV OS, but half of these devices are running on the older version.

We at Tom's Guide have tested and reviewed all of these Fire TV devices (including the newly-updated Fire TV Stick 2020), and while one is arguably the best for the buck, they're all at least worth considering -- especially for dedicated Amazon Prime subscribers.

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Tom's Guide
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Tom
4/9/2021

If you're looking for a midrange phone that also happens to connect to a 5G network, Samsung just tripled your options. The phone maker rolled out a revamped Galaxy A lineup, and while the Galaxy A52 5G leads the charge, this $499 phone isn't your only choice when it comes to a low-cost Samsung device capable of working with next-generation 5G.

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Tom's Guide
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Samsung
4/9/2021

Costco is expanding food court menus, adding outdoor seating and making plans to bring back indoor tables, with an eye on reviving the popular feature that has been largely shuttered during the pandemic. The food courts, known for the hot dog and soda combo that has been priced at $1.50 for more than 30 years, are placed near the entrance and encourage members to linger and do more shopping.

4/9/2021

Some retailers are exploring opportunities to collaborate in the belief that together their names will be a bigger customer draw. This week, Dover Street Market said it will open pop-up boutiques in three Nordstrom stores, while Barneys at Saks is now a feature at Saks Fifth Avenue's flagship and Neighborhood Goods is open to exploring future partnerships with the right retailer, CEO Matt Alexander said.

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Saks, Saks Fifth Avenue
4/9/2021

About three-quarters of Americans who visited malls and shopping centers before the pandemic plan to go back once they're fully vaccinated, according to an IBM survey. Retailers continue to prepare for growth, fueling near-record import activity at US ports that's expected to last through the summer, according to the Global Port Tracker from NRF and Hackett Associates.

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Global Port Tracker
4/9/2021

Pool retailers on Prince Edward Island, Canada, are reporting a surge in sales of hot tubs and swimming pools as consumers continue to look for new home entertainment opportunities amid the ongoing pandemic. Island Hot Tubs and Pools is usually still trying to book appointments for the summer and fall, but this year the 25-year-old retailer is already booked up into next year, owner Wayne Gallinger said.

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CBC News (Canada)
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Swimming