Retail News & Headlines
May 21, 2021
Top stories in retail news and the business headlines that interest us today.
Google’s First Retail Store
CNBC — Google’s first retail store, where it will sell phones and other gadgets, to open this summer in New York
“Google has toyed with retail in the past, sometimes with little pop-up shops where people can browse new gadgets when they’re announced. But it has otherwise relied on its website and other retailers to sell its hardware and services. This means Google is slowly taking a different approach more akin to Apple by creating a space where people can come in to try its products and get support.”
Nike Counterfeit Sneakers
“Nike will work with US Customers and Border Protection to crack down on counterfeit goods entering the United States, the agency said Thursday.
CBP said it seized 26,503 shipments containing counterfeit goods in fiscal year 2020 that “would have been worth nearly $1.3 billion had they been genuine.
CBP says that counterfeit goods pose a great risk to the US economy.”
Reinventing Victoria’s Secret
“The Victoria’s Secret turnaround has come on the back of a series of operational changes—but possibly the most relevant to the consumer has been a shift in the brand’s outdated attitudes. Waters said: ‘Customers are applauding our efforts to reposition. They told us they want us to represent and celebrate all women and that is what we’re doing.'”
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