Walmart’s paid membership program continued to see double-digit growth in January and ended the month with 28.4 million members, a Morgan Stanley survey found, Seeking Alpha reported Monday (Feb. 2). Walmart+ membership grew about 12% year over year on a three-month rolling basis, up from about 10% in November, according to...
The Vitamin Shoppe on Wednesday (Jan. 28) opened a new Innovation Store on New York City’s Upper East Side, using artificial intelligence and digital tools to help consumers discover, evaluate and purchase wellness products. The new location, at 157 E. 86th St., between Lexington and...
Saks Global will wind down the majority of its off-price operations, including most Saks OFF 5TH locations and all Neiman Marcus Last Call stores, Reuters reported Thursday (Jan. 29). The conglomerate, which filed for Chapter 11 protection earlier this month, stated the move aims to...
At a high level, the direct-to-consumer (D2C) model arrived with the promise to eliminate intermediaries, speak directly to customers, and use digital channels to deliver lower prices, tighter feedback loops and cleaner brand narratives. For a time, the formula appeared to work, as digitally native...
Amazon and Walmart are battling on two of the largest, most habitual spending categories in the U.S. economy: grocery and healthcare. The two largest retailers in the U.S. are rethinking the role of physical presence in an era defined by logistics, data and services. As...
Home Depot is cutting 800 roles in its technology organization and other corporate teams, CNBC reported Wednesday (Jan. 28), citing a company spokesperson. About 150 of the employees were based at the company’s headquarters in Atlanta, and the rest worked remotely, according to the report....
Global lifestyle footwear brand Allbirds will close its remaining full-price stores in the United States by the end of February. The company will devote its resources to its eCommerce platform, wholesale partnerships and international distributorships, it said in a Wednesday (Jan. 28) press release. Allbirds...
Amazon said Wednesday (Jan. 28) that it is cutting roughly 16,000 jobs across its global workforce, marking one of the largest headcount reductions in the company’s history. The layoffs place Amazon among a growing list of companies across financial services, payments and technology recalibrating headcount...
Amazon has agreed to pay $309 million to settle a class action lawsuit in which the plaintiffs claimed they were incorrectly denied refunds for product returns, Reuters reported Monday (Jan. 26). Filed in 2023, the lawsuit alleged that Amazon charged consumers for items they had...