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Issue 12-14-2020

In-store holiday sales start sluggishly

NEW YORK — As expected, consumer caution stemming from an ongoing surge in COVID-19 cases combined with early promotions by retailers resulted in dramatically lower foot traffic and higher online sales during the Thanksgiving weekend. According to the annual survey conducted by Prosper Insights & Analytics for the National Retail Federation (NRF), the number of

Pegus named Walmart EVP

BENTONVILLE, Ark. — Walmart has hired Dr. Cheryl Pegus as executive vice president of health and wellness. Pegus begins her new job December 21 and will report to John Furner, chief executive officer of Walmart U.S. “I am thrilled to welcome Dr. Pegus to the Walmart family to advance our efforts to continue exploring health

Sankaran: Albertsons ready for changing times

Albertsons Cos. president and chief executive officer Vivek Sankaran recently spoke with Mass Market Retailers editor-in-chief Jeffrey Woldt about the need to remain nimble and flexible as consumer behavior changes, the company’s response to COVID-19, and Albertsons’ growth strategy. This is an edited version of that conversation, which is available in video form on massmarketretailers.com.

Mass retailing has a new triumvirate

As 2020 finally and reluctantly gives way to 2021, the mass retail community is understandably optimistic about the year ahead. As background, much has changed, more perhaps than in any other 12-month period in the history of retailing in America. Foremost among these shifts in consumer shopping habits is the undeniable fact that online shopping,

Amazon’s sharp rise is hardly an accident

Amazon’s sharp rise is hardly an accident

Much has been made of shoppers’ changing behavior during the holiday selling season. Driven by fallout from the COVID-19 pandemic, the shift away from brick-and-mortar stores toward e-commerce has accelerated significantly. Adobe Analytics reports that online sales set records on Thanksgiving, Black Friday and Cyber Monday, rising some 22% on the first two days and