In today’s top retail news, Target posted strong second-quarter results on the back of increased traffic at its retail locations, while PYMNTS data shows consumers are continuing to postpone when they expect the pandemic to end. Also, retail businesses may not be utilizing their workforce...
Target’s grocery business may be an order of magnitude smaller than its competitor Walmart, but in terms of growth rate, it is the clear winner. Its food and beverage category saw low double-digit growth in the second quarter of 2021, the retailer announced on Wednesday...
Running a business that has 50 percent inefficiency baked into the single-largest cost center — labor — would likely be unacceptable for most companies. And yet, for many of the nation’s retailers, that untenable scenario is not an academic case study or a doomsday scenario...
Increased traffic at Target’s retail locations in the second quarter drove the company to strong year-over-year sales growth, giving the Minnesota-based retailer confidence that it’s on the right track as investments in its operations continue unabated. Get the Full Story Complete the form to unlock...
Old Navy on Friday (Aug. 20) will unveil a new integrated shopping experience that brings together all of its women’s styles in sizes 0 to 30 and XS to 4X with no price difference in all 1,200-plus stores and online “to be more size inclusive,”...
North Carolina-based Lowe’s saw its comparable sales slip by 1.6 percent in the second quarter, the company said on Wednesday (Aug. 18), led by a drop of 2.2 percent in the company’s home improvement business. Get the Full Story Complete the form to unlock this...
Russian online retailer, Ozon Holding Plc, wants to have at least one-third of the country’s eCommerce market by 2026 through a tenfold increase in sales in the next five years, according to a Bloomberg report Tuesday (Aug. 17). Get the Full Story Complete the form...
Today in restaurant and grocery tech news, NCR Corporation supports minority-owned restaurants in Atlanta, while an iconic Massachusetts family-owned restaurant will soon close its doors. Plus, Krispy Kreme’s first earnings report since going public. Get the Full Story Complete the form to unlock this article...
Home is where the heart is – and increasingly, where the stuff is, brought to your doorstep by Uber drivers, folks on bikes, Amazon vans and even drones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
