Adidas has decided what to do with its millions of leftover Yeezy sneakers. The firm will sell the $1 billion worth of products and donate the proceeds to charity, The Wall Street Journal (WSJ) reported Thursday (May 11), citing a presentation by Adidas CEO Bjorn Gulden at the company’s annual general...
Franchise Group, owner of retailers like Vitamin Shoppe, is set to become a private company. The retail holding company announced in a news release Wednesday (May 10) that it would be taken private by a group led by CEO Brian Kahn in a deal worth...
Best Buy has modified its membership programs and added a more affordable paid tier. The electronics retailer now offers three tiers based on what it has learned from customers who used its previous two tiers, including its first paid membership that was launched in 2021,...
It was once said, “The RealReal is a total mess and I can’t quit it.” That said, keeping up with the company’s progression has been an engrossing tale to follow, as it has looked to various ways to craft its path to profitability but continues...
Netherlands-based multinational grocer Ahold Delhaize said digital and omnichannel engagement and store modernization efforts are paying off, particularly for its U.S. brands. Reporting first quarter 2023 earnings on Wednesday (May 10) Ahold Delhaize President and CEO Frans Muller discussed trends impacting the grocery giant, telling...
Zenni Optical has launched two digital tools designed to help customers find and buy glasses. A new Image Search tool lets shoppers upload a photo of frames to find a similar pair available from Zenni, while Prescription Scan reads the customer’s prescription, so they don’t...
While many brands and retailers continue to make big bets on China, Jessica Alba’s consumer packaged goods (CPG) company The Honest Company is exiting the market altogether along with Europe as it looks to double on key markets that the company is already thriving in....
With consumers buying more snack foods of late, according to major brands, PYMNTS research reveals they are looking for cheaper ways to get their fix while sticking with their favorite brands. Data from the latest edition of the Consumer Inflation Sentiment series, “Consumer Inflation Sentiment...
At Costco, eCommerce and discretionary items saw declines in sales in April. During the four weeks that ended April 30, the membership warehouse club recorded a year-over-year increase in total sales of 1.4% but a decline in eCommerce sales of 5.9%, according to a Wednesday...
