As consumers have shifted their food spending towards grocery over the past 14 months, major industry players have taken the opportunity to invest in their grocery offerings, and the space has grown increasingly competitive. A leaked memo from Walmart shows that while the retailer remains...
Amazon, the world’s largest online retailer, said a $700 million investment and the work of 10,000 employees put a major dent in the company’s effort to eliminate the sale of counterfeit products from its site. Get the Full Story Complete the form to unlock this...
Eddie Bauer, the 100-year-old outdoor sportswear retailer, will become the sixth retail brand added to the stable of SPARC Group, a four-year-old joint venture between mall owner Simon Property Group and brand licensing and development firm Authentic Brands Group (ABG). Get the Full Story Complete...
Whether it’s Walmart or Wagable, Chewy or Cat Person, the mix of retailers and service providers looking to take a bite out of the $100 billion petcare industry has never been bigger. With an estimated 11 million more pet owners today than before the pandemic,...
Mattel Inc., the toy company, rolled out a toy takeback effort called Mattel PlayBack that will let families “extend the life of their Mattel toys once they are finished playing with them,” according to a Monday (May 10) announcement. Get the Full Story Complete the...
Party City Holdco Inc., the party goods company, posted an approximately 36 percent jump in brand comparable sales in the first quarter from the 13 weeks that ended April 4, 2020. In a Monday (May 10) earnings press release, the company also said that brand...
After years of relatively low inflation, Americans have begun to see higher prices for goods and services in the wake of the pandemic, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In today’s top retail news, Spectrum Brands reported its net sales climbed by 22.6 percent, while Stamps.com reported that total revenue increased by 25 percent. Plus, Peloton said its connected fitness subscriber base soared by 135 percent to a record 2 million users. Get the...
Peloton, the maker of upscale fitness equipment and workout programs, said Thursday (May 6) its connected fitness subscribers rose 135 percent to a record 2 million users despite being embroiled in an ongoing government-mandated safety recall of its two treadmill products. Get the Full Story...
