Walmart’s deal to sell Gordon Ramsay’s frozen food line comes as grocers compete to meet consumers’ demand for more affordable alternatives to restaurant dining. In a move first reported by People, the celebrity chef exclusively launched his line of eight frozen meals, dubbed By Chef...
As inflation ebbs, shoppers continue to trade down while cautiously increasing their spending. Many consumers have had to drastically change their shopping behavior to stretch their household budget further since inflation took hold of the economy in 2021. One strategy is to cut down on...
While beauty companies Laneige and Charlotte Tilbury have sought to enter the virtual realm with virtual storefronts to connect and transact with consumers, Ulta Beauty’s customers are demonstrating that the essence of the beauty experience remains rooted in sensory engagement as final transactions are happening...
The convergence of casualization, comfort, and personalization has become a potent force, reshaping the way people perceive and interact with brands. The modern consumer is seeking more than just clothing and accessories — they seek a reflection of their values, needs and identity. The intersection...
American retailers are increasingly turning to promotions as consumers grow cagey about nonessential spending. As Bloomberg News noted in a report Sunday (Aug. 27), Whirlpool, Petco and Foot Locker are among the companies offering discounts to entice shoppers. “With sales softer than anticipated, we are taking more aggressive actions on...
Cash-crunched consumers looking for deals on off-price brands helped propel Burlington Stores to an almost double-digit sales increase, the company said Thursday (Aug. 24). Burlington Stores revealed that its fiscal 2023 second-quarter total sales grew by 9% year over year (YoY), to $2.17 billion. Comparable...
As consumers increasingly change their buying habits toward consumables, Dollar Tree appears to be profiting from this trend. Customers see Dollar Tree and Family Dollar as appealing places to make value-driven purchases. During the retailer’s first-quarter earnings call on Thursday (Aug. 23), CEO Rick Dreiling noted that Dollar Tree...
Amazon’s strategy of overtaking Walmart in key retail categories may finally come to fruition. The competition between the world’s top two retailers for shares of consumer spend is fierce. Walmart currently dominates in the food and beverage category with an 18% share of consumer spend....
In March, PYMNTS reported on Nordstrom’s shift from its prior reputation of luxury and exceptional service to utilizing substantial discounts to manage inventory, resulting in decreased sales and profits during the fourth fiscal quarter. Today, has the narrative evolved? While the retailer asserts a more...
