Retail

Retail
Dollar Stores Step up Race to Add Locations Amid Consumer Shift
December 20, 2022

Dollar stores and discount retailers are racing to meet consumer demand by adding locations. Dollar General and Dollar Tree, together, expect to have opened 1,300 new stores during fiscal 2022, while Five Below and TJX Cos. have each added more than 100, The Wall Street...

Retail
Nike Tries to Outrun Snags With D2C and Concept Retail
December 19, 2022

Nike shoes are running hard as the famed footwear brand hustles to reverse a 2022 slide. As the Oregon-based athletic footwear, apparel and equipment maker gets set to report fiscal second-quarter financial results Tuesday (Dec. 20) afternoon, Nike is still pushing digital innovation, distribution changes...

Retail
Porch Piracy Rises as Consumers Return to Offices
December 19, 2022

More porch piracy could happen this month than ever before. As the volume of online sales rises — especially leading up to the holidays — the opportunity for thieves to steal delivered goods from residential porches increases too, CNBC reported Sunday (Dec. 18). “Anecdotally, police...

Retail
‘Kids at Heart’ Account for 60% of Toy Sale Growth
December 19, 2022

Kids aren’t the only ones excited by a toy sale. One-quarter of the toys sold each year are going to adults, CNBC reported Monday (Dec. 19), citing a study by NPD Group. What’s more, these “kidults” represent the greatest source of growth for the toy...

Retail
Petco Ecosystem Expands as Pet Parents Seek Human-Grade Pet Care
December 19, 2022

Embracing platform efficiencies, Petco is serving deeper needs among growing ranks of pet parents. Pets have moved from the outside doghouse to inside the human house to hopping up on the bed, and the old-school pet owner model is being rapidly replaced with a “pets...

Retail
UK In-Store Pickup Demand Surges Ahead of Christmas Holiday
December 18, 2022

As Christmas nears, U.K. shoppers are turning to in-store pickup to beat the Christmas rush. Whether it’s gifts for loved ones or holiday grocery shopping, consumers in the U.K. have the option to order online and pick up in-store, but in general, they’re among the...

Retail
Digital Transformation Shows Retail Store Payment Preferences Split by Geography
December 16, 2022

New research found payment innovation is seen as increasingly critical to long-term retail store growth. Introducing new and better payment choices for their customers is the key driver of internal innovation strategies among some of the largest U.K. and U.S.-based retailers. That’s according to “Navigating...

Retail
Amazon vs Walmart Battle to Remain Focused on Inflation, Food Prices
December 16, 2022

Walmart’s CEO said inflation will persist into the new year, especially for food prices. Although government data this week showed the pace of price hikes in the United States dipped to an 11-month low of 7.1% last month, key categories are still stubbornly high and...

Retail
Warhammer Game Creator to Partner With Amazon on Film and TV
December 16, 2022

The creator of the Warhammer game may team with Amazon on film and television productions. Games Workshop said in a Friday (Dec. 16) press release that it has reached an agreement in principle with Amazon Content Services to let the Amazon subsidiary develop films, television...