Retail

Retail
Walmart’s Latest Streaming Move Aimed at Amazon’s Content Lead
April 21, 2023

Without much fanfare, Walmart unveiled a new edition of its Google TV stick with updated specs and a revamped remote, competing directly with Amazon’s Fire TV Stick. While the competition for TV sticks probably won’t determine the fate of these two retail giants, the new...

Retail
Grocers Launch Convenience Store Concepts Despite Challenges in the Space
April 20, 2023

This week in grocery, H-E-B adds convenience stores, Giant Eagle revisits mailers and Kroger accepts SNAP. As grocers look to drive up frequency, many are adding shrunk-down c-store concepts. Most recently, Texas supermarket chain H-E-B, which has more than 430 locations in Texas and Mexico,...

Retail
‘Boring’ Retail Could Be Silent Factor in Sales Decline
April 20, 2023

At this point, the lack of product selection amid an inflationary environment has a chicken-and-egg feel to it. As reported earlier this month by The Wall Street Journal, merchants and manufacturers across nearly all retail sectors have hit the brakes on new product lines and...

Retail
Can Loyalty Programs Save Struggling Retailers From Bankruptcy?
April 20, 2023

In the pandemic era, loyalty programs proved to be an effective strategy to retain customers even while maintaining physical distance. However, with in-store experiences making a comeback, retailers are looking to capitalize on these loyalty programs by offering exclusive events and perks. But can loyalty...

Retail
Snap and Men’s Wearhouse Bring Augmented Reality to Prom Season
April 20, 2023

For Men’s Wearhouse, this year’s prom theme is “augmented reality.” The clothing retailer has teamed up with Snapchat owner Snap to use the social media platform’s augmented reality (AR) tool to provide shoppers with virtual try-on capabilities, according to a Wednesday (April 18) press release....

Retail
IKEA Investing $2.2 Billion to Expand Omnichannel Capabilities in US
April 20, 2023

IKEA is expanding its omnichannel capabilities with its biggest investment in four decades in the United States. The $2.2 billion investment over the next three years will add new locations, strengthen its fulfillment network and expand its product line, the home furnishing retailer said in...

Retail
Shopping Social Network Flip Challenges Honesty in Reviews
April 20, 2023

On the surface, Flip, a shopping social network, provides consumers with brutally honest reviews — an element of the shopping experience that has been scarce in the retail industry. But that’s what TikTok’s for, right? Generation Z craves anything with an authentic baseline and isn’t...

Retail
Report: Bed Bath & Beyond Bankruptcy Is Imminent
April 20, 2023

Bed Bath & Beyond is reportedly within days of declaring bankruptcy following a failed fundraising effort. A Chapter 11 filing by the struggling home goods retailer could come as soon as this weekend, The Wall Street Journal (WSJ) reported Wednesday (April 19), citing sources close...

Retail
Getir Joins Ultrafast Grocers Taking a Hit Amid Economic Challenges
April 19, 2023

Even the largest ultrafast grocers are taking a hit as economic challenges rack the industry. Now, even Turkey-based multibillion-dollar quick-commerce firm Getir, which seemed to have largely escaped the challenges that other players in the space have faced, has been dealt a major blow. On...