Call it the big chill as a spike in COVID omicron cases for the second half of December doused an otherwise solid Q4 for the nation’s retailers and food establishments. The unexpected drop in sales of nearly 2% raises the stakes for the upcoming earnings...
Just 345 days to go until Christmas (!) but the nation’s retail leaders were able to find time to focus on a different problem this week. Specifically, procuring the hard-to-get grocery and COVID-linked items that consumers want at a time when shelves are looking increasingly...
Once again, United States grocery shortages are making headlines, and consumers growing frustrated with these out-of-stocks. Weather events, COVID-19 surges, and consequent labor challenges, among other factors, are making it increasingly difficult for grocers to keep shelves full. For grocery shoppers, for whom inventory availability...
If you’ve ever shopped in midtown Manhattan, you know that you can buy a Louis Vuitton bag for $2,000 in Neiman Marcus or $20 from the guy across the street with a blanket full of “Louis Vuitton” bags. And without a close inspection, they often...
It is possibly the worst kept secret in retail. That Detroit-based sneaker resale platform StockX is looking to go public is hardly a revelation, given a string of fundraisings that, as of April, left it with a $3.8 billion valuation. Get the Full Story Complete...
Basketball Hall of Famer Shaquille O’Neal and Authentic Brands Group filed for three trademark applications for the word SHAQ last month for “non-downloadable virtual footwear, clothing, headwear, eyewear” and more “for use in virtual environments,” Footwear News reported Wednesday (Jan. 12). Get the Full Story...
Even as it was reporting a record net profit of 93.5 billion yen ($816 million) for the first quarter of fiscal 2022 that ended Nov. 30, Uniqlo owner Fast Retailing warned that uncertainty related to the ongoing spread of the COVID-19 pandemic could mean trouble...
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Gap has recruited the artist behind Frank Ape to launch its first collection of nonfungible tokens (NFTs), the fashion retailer announced Wednesday (Jan. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
