Best Buy expects sales will dwindle this year as cash-strapped consumers shun big-ticket home electronics. “As we enter FY24, the consumer electronics industry continues to feel the effects of the broader macro environment and its impact on consumers,” Matt Bilunas, the retailer’s finance chief, said...
Amidst a year-plus of grim headlines, retailers could use a bit of good news. As reported by WSJ earlier this week (Feb. 27), shipping rates, especially along the all-important trans-Pacific route, have tumbled in recent months from their record highs last year. U.S. retailers are...
Apparel retailer Abercrombie & Fitch called out its focus on store performance and progress on its 2025 Always Forward plan unveiled in June during its first investor day since 2018. Abercrombie & Fitch CEO Fran Horowitz said the retailer opened 21 stores “and right sized...
With American shoppers feeling pinched, retailers hope $5 goods will help drive traffic. Target is the latest store to embrace this movement, Reuters reported Tuesday (Feb. 28), after the retailer said during an earnings call that it would begin carrying more of its own private...
In the wake of a “kitchen sink” quarter that saw the ailing department store chain close out the year with a money-losing Q4, Kohl’s new CEO is staking the retailer’s comeback on a new management team’s ability to boost the customer experience while continuing the expansion...
AMC Entertainment said the slow crawl out of the pandemic leaves the theater chain better positioned than competitors, innovating with partnerships like bringing its popcorn to Walmart stores, and a co-branded Visa card, with its biggest problem the dearth of big movie releases. AMC Chairman...
With its stock trading at about $1.35 per share — after falling over 90% in the past two years — it could be argued there’s not a lot more downside for luxury resale marketplace The RealReal. In fact, for context, The RealReal’s shrunken market value...
Target has observed that its investments in private-label sweets keep customers coming back. On a call with analysts Tuesday (Feb. 28) discussing its Q4 financial results, the retailer observed that, in addition to seeing its third consecutive year of double-digit comparable sales increases in food and...
As United Kingdom food prices skyrocket, grocers are doing everything they can to retain customers. The country’s grocer inflation rate rose to 17.1% year over year in the four weeks leading up to Feb.19, the first time the figure has surpassed 17%, as Kantar reported Tuesday (Feb....
