Apparel retail company Gap Inc. made a huge turnaround this quarter in sales and profits even as global commerce faces continued challenges amid high inflation rates. The company, which also manages clothing brands like Banana Republic and Old Navy, revealed in its third-quarter earnings report...
Recalling then-candidate Joe Biden’s 2019 advice that out-of-work coal miners should learn to code, now-unemployed coders may want to check job listings for “Luxury Procurement Specialist” or “Handbag Authenticator” as the resale sector widens its crackdown on knockoffs. A quick web search finds job openings...
Point-of-sale (POS) platform operator National Retail Solutions (NRS) and Uber Technologies have partnered to facilitate delivery from participating NRS local retailers and bodegas. The partnership will offer Uber Direct’s same-day delivery service to independent retailers operating the 17,000 stores that use NRS’ POS terminals, the...
In this week’s grocery roundup, superstores set their sights on big spenders, Grab grows its grocery presence, and supermarket spending is rising. Mega-retailer Target discussed Wednesday (Nov. 16) on a call with investors about its third-quarter results that food spending is growing across income groups. Christina Hennington, executive vice...
Nearly one year after cancelling its plans to go public, Florida-based supermarket chain owner Southeastern Grocers is reportedly considering an outright sale of the company. The company, which owns and operates about 420 Southern grocery stores under three different brands, is currently in talks with...
With this year’s holiday season just around the corner, stores and brands are bracing themselves for a deluge of sales and returns — hoping to increase the former while mitigating the latter. As it is, returns are eating into retailer costs. In 2021 alone, shoppers...
Drawing on a 40-year purview as a Macy’s employee that began as a trainee in 1983 and has seen him in the role of chairman and CEO for the past six, Jeff Gennette has seen more than his shares of ups and downs atop one...
With its focus on discretionary products and middle-income consumers, Kohl’s has been hard hit by the current macroeconomic trends, the retailer said Thursday (Nov. 17) during its quarterly earnings call. “Persistently high inflation continues to dampen consumer spending and our business given our exposure to discretionary categories...
Bath and Body Works said a focus on “innovation and newness” helped the personal care and fragrance retailer end its most recent quarter on a strong note. The company saw its stock jump 20% early Thursday (Nov. 17) after its earnings release showed a positive...
