There’s no good learn on this extraordinary second in retail historical past — however Walmart Inc., Target Corp., Ralph Lauren Corp., VF Corp. and Macy’s Inc. collectively gave a form of synopsis of the scenario within the U.S. with their quarterly updates final week.
The pandemic is waning within the U.S. and Europe as vaccinations rise, customers are coming again out (shopping for clothes, however staying informal) and the beginning of the brand new regular may very well be right here after greater than a yr of hibernation.
Many firms went bust within the pandemic, however the strongest gamers did their greatest to place themselves to attempt to catch the increase afterward — and now they’re beginning to go for it.
It’s an unsure mad scramble for what’s subsequent, with fingers crossed that some new COVID-19 variant doesn’t sluggish all of it again down.
Right here, a have a look at what the business discovered final week as a few of the greatest U.S. gamers opened their books and began speaking extra in regards to the future now that they’re on firmer floor.
Money Is Nonetheless King
Amid the human tragedy of the coronavirus was a downright monetary emergency —