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Oh, retail…

sign on corner of macy's location in new york

RETAIL

Announcing its second bankruptcy in two years, it looks like the end of the line for Gymboree. They cite an “unanticipated” decline in retail, which some will not necessarily buy.

After initiating a turnaround plan that entailed shuttering some 100 stores nationwide, Macy’s delivered bad news last week: Holiday 2018 was pretty much a bust. GlobalData Retail Managing Director Neil Saunders, who said the holiday report suggests negative comps for the quarter.

“The weak holiday performance now raises a big question mark over Macy’s recovery strategy.”

Sears wobbles, but doesn’t yet fall. A last minute offer by its largest stakeholder has kept its doors open. For now.

SHIP CARRIERS

Announced in October, USPS methods are poised for a large correction. On January 27th, rates will go up across the board—most notably First Class Packages (11.9% avg) and Priority Mail (6.2% avg). First Class packages will now be calculated by zones for the first time.

UPS bolsters its Saturday pickup by adding weekend processing for international shipments. Previously international shipments could be picked up on Saturday, but wouldn’t begin getting worked until the following Monday. This follows announcements in 2018 by UPS and FedEx that they would be expanding Saturday pickup and delivery service.

FedEx pilots program that would deliver bulky goods to residential recipients.

EVENTS

Shop Talk | Las Vegas, NV | (Mar. 3-6 , 2019)

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