Danish jewelry brand Pandora is reportedly using recycled gold as a way to appeal to eco-minded creditors and customers via an unprecedented sustainability-linked bond that also allows it to avoid high bank rates. The new 500-million-euro (about $531 million) bond includes targets of reducing emissions...
Department stores are adapting to slowing consumer demand by shrinking their operations. Macy’s is rolling out smaller format stores, while Nordstrom is ending its operations in Canada and focusing on the United States, The Wall Street Journal (WSJ) reported Friday (March 3). These moves come...
Nine years after taking its high-end brand north of the border, luxury retailer Nordstrom says it will now shutter all 13 of its Canadian locations to shift focus on revamping its struggling off-price Rack division. “We entered Canada in 2014 because we believed it presented...
Costco is drawing in customers amid inflation by meeting their demand for more affordable restaurant alternatives. On a call with analysts Thursday (March 2) discussing the members-only warehouse chain’s second quarter fiscal year 2023 financial results, the retailer shared how its fresh food assortment has...
For Walmart, omnichannel may be the way to beat Amazon in the war to stock the pantry. And Sam’s Club may be a way to get some incremental firepower in that battle. News came earlier this year that Sam’s Club is adding new locations across the...
This week in grocery, Instacart taps AI as supermarkets test shoppable content and new formats. OpenAI, creator of artificial intelligence (AI) chatbot ChatGPT, announced Wednesday (March 1) that developers are now able to integrate the bot into their products, with one of the first companies...
Although they currently account for only 10 of its total portfolio of 722 physical locations under its many brands, Macy’s CEO Jeff Gennette can’t stop talking about the big opportunity he sees in these comparatively little stores. Specifically, the company’s eight Market by Macy’s and two Bloomies locations that...
Off-price and discount retailers are responding to an increasingly clear divide between deal chasers compared to other bargain shoppers as the opportunistic value-seeking trend has become more defined. This dynamic featured prominently in the fourth quarter of fiscal 2022 of Ohio-based discount chain Big Lots,...
Activewear was a standout performer during a quarter in which American Eagle Outfitters earned its second-highest revenue. The clothing, accessories and personal care products retailer reported the “rapid success” of its lingerie brand Aerie’s extension into activewear and that its core brand American Eagle launched a sub-brand...
