Offering engaging customer experiences is proving to be a profitable business model for Build-A-Bear Workshop. The company achieved record third-quarter earnings results, with revenues up 9.9% year over year during the quarter ended Oct. 29, and raised its annual guidance, according to a Wednesday (Nov....
Amazon said this year’s Thanksgiving shopping weekend was its largest ever. The retail giant said Wednesday (Nov. 30) that the period between Thanksgiving and Cyber Monday — which it has dubbed the “Turkey 5” weekend — saw customers purchase “hundreds of millions of products” without...
Amazon is reportedly dialing back some of its efforts in India. The firm has announced over the past week that it’s closing three noncore businesses in the country: a food delivery service called Amazon Food; an education tech business; and a B2B eCommerce business called...
Foot Locker’s chief financial officer will step down next year. The athletic retailer said in a Tuesday (Nov. 29) press release that the departure of Andrew Page — following the release of the company’s next earnings report in January — comes amid a series of...
The digital shift is giving way to the delivery shift. Or said another way — for consumers who want to make sure they get exactly what they ordered, while also saving money on shipping costs, becoming the delivery person is becoming an attractive option. In...
Major convenience stores are expanding their hot food selection to divert sales from restaurants. Most recently, major multinational convenience retailer EG Group has been adding in-store branded Ria’s Pizzerias at Cumberland Farms locations, as the National Association of Convenience Stores (NACS) noted Tuesday (Nov. 29). The company recently opened its second...
A record number of Americans shopped during Cyber Five. During the five days from Thanksgiving Day through Cyber Monday, 196.7 million Americans shopped in stores and online, the National Retail Federation (NRF) and Prosper Insights & Analytics said Tuesday (Nov. 29) in a press release. That total is 9% higher...
U.K. fashion retailer Boohoo has doubled its stake in cosmetics brand Revolution Beauty. Boohoo announced the move in a Monday (Nov. 28) news release, saying it had increased its stake in Revolution from 12.8% to 26.4% due to its “belief in its growth potential.” The...
Cash equivalents came on strong in the closely watched Cyber Five weekend that ended Monday (Nov. 28). Faced with staggering inflation that pushed paycheck-to-paycheck households to the breaking point, consumers held back and then pounced on deals during the annual holiday sales event. Importantly, while...
