They may be digital natives, but members of Gen Z still love the mall. That’s according to a report Sunday (March 8) from The Wall Street Journal (WSJ), which says that younger consumers’ enthusiasm for brick-and-mortar retail has helped fuel a recent recovery in the...
Consumer spending cooled slightly in January, although strong growth in digital retail channels suggests that the broader trajectory of household consumption remains intact. Advance estimates released Friday (March 6) by the U.S. Census Bureau showed that retail and food services sales totaled $733.5 billion in...
Retail used to compete primarily on assortment, price and convenience. Increasingly, it competes on infrastructure and positioning. In a consumer environment defined by uncertainty driven by persistent inflation pressures, cautious spending and fragmented demand, retailers like Amazon and Walmart are building systems designed not just...
Costco is seeing measurable benefits from its latest digital initiatives both in-store and online, Costco President, CEO and Director Ron Vachris said Thursday (March 5). “In digital, we continue to make strides with our roadmap to deliver a more seamless experience for members in warehouse...
Target plans to open seven new stores this month, more than 30 this year and 300 by 2035 to support growth priorities outlined Tuesday (March 3) by CEO Michael Fiddelke. The retailer also plans to remodel more than 130 stores this year, it said in...
Off-price retailer Ross Stores saw “robust” comparable store sales growth in the fourth quarter, crediting the expansion in part to its success in drawing shoppers away from mainstream retailers. The company’s comparable store sales were up 9% for the quarter ended Jan. 31, on top...
Amazon will soon begin rolling out a 15-minute delivery service for select goods in Brazil, saying the country is one of its top priorities, Reuters reported Tuesday (March 3). The service, Amazon Now, was launched in Sao Paulo on Tuesday, will expand to seven other...
Retailers are facing a new and more sophisticated form of return fraud, one in which artificial intelligence is being used against them. Shoppers are submitting AI-generated images of damaged or incorrect products to claim refunds on merchandise they received in good condition, and the practice...
Walgreens has debuted what it calls the country’s first “hybrid pharmacy” program. The service, announced by the retailer last week, lets pharmacists divide their time between working in stores for part of the week and spending the rest of the time working from a “centralized pharmacy desk.”...