A roaring return to brick-and-mortar shopping and pullbacks in some eCommerce categories gives the impression that online sales are down. They’re not. While 2022 did see Amazon’s stock price contract by 50% — equating to roughly $1 trillion of lost valuation — it’s as much...
Target is “no longer an attractive investment,” a Wells Fargo analyst said Wednesday, citing a range of continued headwinds and challenges. This, as Edward Kelly, an analyst for the bank, said the retailer’s outlook “has deteriorated meaningfully,” according to a summary of the report Wednesday...
Flash sales and scarcity are in play as brands seek to optimize inventory and profits. Early signs are already there, such as the Tiffany & Co. tease for its forthcoming “limited series” take on the classic FENDI Baguette bag. In other words, follow those email...
Rolex is reportedly finalizing another round of price increases amid continued strong demand from luxury shoppers. This, according to a Bloomberg report Tuesday (Jan. 3) that noted the latest increase comes just four months after a 5% hike on some watch models in September. While...
Chewy will reportedly open at least two automated fulfillment centers as it tries to curb rising labor costs. Speaking to The Wall Street Journal (WSJ) Tuesday (Jan. 3), Chief Financial Officer Mario Marte said the move will reduce the time workers spend tracking down and...
More than 17,000 retail stores closed shop in the United Kingdom in 2022. The Centre for Retail Research reported Monday (Jan. 2) that there were 17,145 store closures during the year, more than in any of the previous four years, accompanied by 151,474 job losses. ...
When Walmart’s new CFO spoke to investors last month, his message was simple: We’re built differently than the rest of the retail industry. “Our purpose of saving people money has never been more important as inflation remains consistently high,” CFO John Rainey said on the...
Luxury brand Montblanc is looking at airports and smaller cities as new opportunities. In its effort to boost sales of its writing instruments, bags, perfume and accessories in India, the luxury brand is opening stores in airports and in Tier 2 cities, the Economic Times...
Friction-free transactions could hold the key for retailers and grocers seeking to boost customer retention. PYMNTS’ research has identified three important customer archetypes, and persuadable shoppers — sometimes-loyal customers or the “malleable middle” between deal-chasers and loyal customers — may be the ideal group for retailers...
