Retail used to compete primarily on assortment, price and convenience. Increasingly, it competes on infrastructure and positioning. In a consumer environment defined by uncertainty driven by persistent inflation pressures, cautious spending and fragmented demand, retailers like Amazon and Walmart are building systems designed not just...
Costco is seeing measurable benefits from its latest digital initiatives both in-store and online, Costco President, CEO and Director Ron Vachris said Thursday (March 5). “In digital, we continue to make strides with our roadmap to deliver a more seamless experience for members in warehouse...
Target plans to open seven new stores this month, more than 30 this year and 300 by 2035 to support growth priorities outlined Tuesday (March 3) by CEO Michael Fiddelke. The retailer also plans to remodel more than 130 stores this year, it said in...
Off-price retailer Ross Stores saw “robust” comparable store sales growth in the fourth quarter, crediting the expansion in part to its success in drawing shoppers away from mainstream retailers. The company’s comparable store sales were up 9% for the quarter ended Jan. 31, on top...
Amazon will soon begin rolling out a 15-minute delivery service for select goods in Brazil, saying the country is one of its top priorities, Reuters reported Tuesday (March 3). The service, Amazon Now, was launched in Sao Paulo on Tuesday, will expand to seven other...
Retailers are facing a new and more sophisticated form of return fraud, one in which artificial intelligence is being used against them. Shoppers are submitting AI-generated images of damaged or incorrect products to claim refunds on merchandise they received in good condition, and the practice...
Walgreens has debuted what it calls the country’s first “hybrid pharmacy” program. The service, announced by the retailer last week, lets pharmacists divide their time between working in stores for part of the week and spending the rest of the time working from a “centralized pharmacy desk.”...
Target is reportedly facing criticism from a group of investors unhappy with its management’s decisions. That’s according to a report Friday (Feb. 27) from Reuters, which noted that this push is happening at a time when Target is struggling while rivals Walmart and Costco benefit...
The TJX Companies plans to add 146 net new stores during its fiscal year 2027, which ends Jan. 31, 2027, increasing its store count by about 3%. The retailer’s plans include 104 net new stores in the United States, 13 in Canada, 19 in Europe and...