All Posts in #Retail

When you think of holiday shopping, big retail days such as Black Friday and Cyber Monday likely jump to mind. But the normal holiday shopping calendar may get blown out of the water this year with the COVID-19 pandemic impacting…

Patrick Penfield, professor of supply chain practice and director of Executive Education in the Whitman School, was quoted in the CNY Central piece “Furniture industry struggles to keep up with incredibly high demand.” Penfield says that the furniture cannot keep…

With Singles Day approaching on November 11- an event first started in 1993 at Nanjing University and capitalized by Alibaba – retailers are gearing up for even more sales during the world’s biggest online shopping blitz. Ray Wimer is an assistant professor…

Feel like the back-to-school shopping ads are coming in earlier and earlier? You’re not alone. According to the National Retail Federation, families are expected to spend more than ever this year on school and college supplies, averaging nearly $700 for…

Next week, China is expected to raise tariffs on $60 billion worth of U.S. goods and products, following Pres. Trump’s decision to raise duties on Chinese goods. Which sectors of the retail industry are likely to feel the pinch the…

SYRACUSE, N.Y. – As the retail industry’s brick and mortar stores continue to struggle against the growing online shopping trend, commercial real estate is now facing new financial challenges. In the wake of a recent report that DestiNY USA, a…

Today a judge granted the sale of Sears’ assets to the company’s biggest shareholder and company chairman, Eddie Lampert.  The move will keep 425 stores open and save 45,000 jobs. Ray Wimer is an assistant professor of retail practice at…

This week, Amazon became the world’s most valuable publicly traded U.S. company for the first time, passing tech giant Microsoft which had taken over the top spot in late 2018. Ray Wimer is an assistant professor of retail practice at…

Ray Wimer, assistant professor of retail practice at the Whitman School, was quoted in the Business Insider story “Americans’ shopping habits are fundamentally changing, and it’s killing Cyber Monday.” “Black Friday is really no longer a one-day shopping extravaganza, it…

According to the National Retail Federation, more than 160 million people are expected to shop over the five-day Thanksgiving weekend, with 71 percent of those consumers planning to hit brick-and-mortar and online retailers on Black Friday. Ray Wimer is an…