In a declining market for home furnishings, RH is targeting upscale buyers. RH Chairman and CEO Gary Friedman said Thursday (Dec. 8) during a quarterly earnings call that the luxury lifestyle retailer continues to reject the discounting that is common in the industry. He said that while the company...
Amazon and Walmart are hoping new tech will make the holidays a little less difficult. While no one thought 2022’s busy season was ever going to be easy, the embrace and use of new digital processes — in stores, websites and warehouses — by the...
Pet owners are paring back on nonessentials but boosting their purchases of the basics. Online pet product supplier Chewy reported Thursday (Dec. 8) that its 14.5% year-over-year growth in net sales during the quarter ended Oct. 30 was driven by non-discretionary products like food and...
Athleisure retailer Lululemon Athletica reported earnings on Thursday with a positive look at its eCommerce expansion. The company’s results for the third quarter 2022 were mainly positive thanks to increased web traffic and in-store purchases at the start of the holiday shopping season. “Black Friday...
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...
