Costco’s strong membership and renewals were not enough to offset a slump in digital sales. According to Costco CFO Richard Galanti, while the retailer’s 847 stores in the U.S., Canada and a dozen other countries delivered an 8% increase in its fiscal first quarter sales,...
This week in grocery, consumers seek discount food options, and Instacart ships Christmas trees. Canadian discount retailer Dollarama, which has more than 1,400 locations across the country, has benefited from consumers’ search for less expensive groceries amid rising prices and ongoing economic challenges. “We continue to...
Retailers are expanding their in-store fulfillment options to accommodate changing shopping patterns. It’s a trend we’ve been noting for some time and one that now extends to retailers like Ulta, as the Wall Street Journal reported Thursday (Dec. 8). The beauty product chain has expanded...
In the latest Provider Ranking of Shopping Apps, we find three ties among 13 different retailers, including a neck-and-neck race to claim the top spot and some churn at the bottom of the list. Let’s look at who’s shopping where. THE TOP 5 SHEIN, this time...
As convenience stores try to swipe grocery sales, supermarkets are responding with new small-format locations. The latest example of this brewing turf war has emerged in Europe, where industry giant Asda is taking on these neighborhood competitors on their turf. This, as the UK-based supermarket chain announced this week...
Walmart has launched a website that uses visual search to do the shopping for consumers. The new TrendGetter uses image recognition technology to find the item a shopper is looking for on its website and display the options and prices, Walmart said in a Thursday...
Fashion retailer Express has turned to WHP Global as it begins a “large-scale transformation.” WHP, a brand turnaround firm that owns a number of companies, including Toys R Us, will take a 7.4% stake in Express, the retailer announced Thursday (Dec. 8). Express CEO Tim Baxter said the partnership was...
GameStop’s CEO says the ailing retail chain is on the cusp of an unprecedented turnaround. While investors who saw the company post back-to-back sales declines and its seventh consecutive quarter of losses Wednesday (Dec. 7) evening might disagree, CEO Matthew Furlong said the path from...
Rent the Runway achieved record revenue as its bargain-hunting customers sought deals on everyday fashion. The company said its revenue for the quarter rose 31% year-over-year, while its active user base increased, with subscribers beginning to use the fashion rental and retail service for more than...
