O’Reilly Automotive continues to enjoy increased sales — and hopes to expand — amid a car-buying downturn. The auto parts retailer announced in an earnings release Wednesday (Feb. 8) it had recorded a 9% growth in sales for the recent quarter, and 6.4% for the...
If consumers’ feelings are any indication, the immediate cost-cutting benefits grocers can receive from reduced personnel may be better spent on loyalty-focused innovations. Traditional brick-and-mortar grocery stores are having an especially tough time these days, feeling the weight of consumer inflation concerns that drove disappointing December grocery sales. Adding...
Under Armour’s stock has risen 90% in the months since announcing a leadership change. Now, the athleticwear maker is hoping to continue that success, with a new president and CEO helping lead the brand’s efforts to engage consumers this year, company officials said during an...
Innovation and a better shopping experience are on the agenda for the Vans brand. These targets are being pursued after the action sports footwear and apparel brand saw a 13% decline in revenue while parent company VF Corp. saw a 3% dip during the quarter...
Footwear company Wolverine Worldwide has sold its Keds line to shore store chain Designer Brands. The deal, announced Wednesday (Feb. 8), allows Wolverine to streamline its portfolio, while helping Designer Brands (DBI) in its strategy of increasing sales through its own brands. In addition to...
Wegmans is not done with pay-as-you-go self-service yet; now, the retailer is testing smart carts. The Rochester, N.Y.-based regional supermarket chain, which includes 110 East Coast locations, is testing out smart carts at two New York State locations, the retailer confirmed to PYMNTS via email....
Valvoline is seeing strong demand for quick and convenient oil changes and other automotive services. The preventative vehicle maintenance provider saw its system-wide same-store sales increase 11.9% during the quarter ended Dec. 31, and it’s continuing to add locations across the country, according to a...
Moving a classic fashion brand into a digital-first world has its challenges, so famed watchmaker Movado Group has kept a tight focus on its core while undergoing a digital transformation. Movado Group President of Commercial, Chief Digital Officer and Chief Technology Officer Behzad Soltani told...
Simon Property has traded Eddie Bauer for a bigger piece of Authentic Brands. The CEO of America’s largest mall owner made the announcement Monday (Feb. 6) as the company released its quarterly earnings. Those earnings saw “a net gain of $0.25 per share, principally from...
