AP Photo/Steven Senne
In light of the coronavirus pandemic, experts have questioned the long-term viability of any retailer without an e-commerce platform.
Fast-fashion giant Primark, known for its rock-bottom prices, is one such retailer.
In a note to clients yesterday, a group of UBS analysts said it makes no sense for Primark to move online, and that the retailer is uniquely positioned to thrive without an online platform.
Visit Business Insider’s homepage for more stories.
Brick-and-mortar retail is perhaps facing bigger challenges than ever before. During the coronavirus pandemic, consumers have shifted to shopping online, and have learned to live without stores. Major retailers such as Zara and H&M are closing branches to focus more on e-commerce, and experts have questioned whether any retailer can survive without an e-commerce platform.
UK fast-fashion giant Primark, known for selling clothing and homeware at low prices, has no online store, and its sales have dried up during the pandemic. But the chain need not worry about its future, a group of UBS analysts has said.See the rest of the story at Business Insider
Reformation’s CEO and founder just resigned — 12 employees claim the company has a ‘horrible’ culture of racism that pushed out, silenced, and degraded Black employeesLeaked documents show how Adidas is confronting racism internally by banning certain terms like ‘asset’ among employees16 standout DTC brands that are dominating in their respective categories, according to growth in digital traffic
To discover more visit: feedproxy.google.com