Beauty remains a winning category for Kohl’s, mainly due to its shop-in-shop experience with Sephora. While in its second quarter, Kohl’s saw a 4.8% decline in net sales and a 5% decrease in comparable sales, their store sales segment outperformed the company’s overall performance, remaining flat...
The state of recalls. That’s what it feels like with Peloton, as on Wednesday (Aug. 23) the company reported a loss that exceeded expectations and a reduction in new quarterly subscribers. The fitness company cited the recall of its bike seat post and seasonal patterns...
Free items, giveaways, goodie bags, and “gift with purchase” — whatever you choose to call them, all radiate an allure within the retail sphere as they entice consumers into making purchases and exploring new products. It’s a strategy that has been employed since the mid-20th...
For success in retail, innovation can stem from — if not outright imitation — then keen observation. And applying the proven success of others to one’s own business model, with a bit of advanced technology included, can help keep consumers spending at the point of...
TimeForge has partnered with Forage to empower grocery retailers with technology that will expand their payment options in today’s challenging retail landscape. The partnership brings together TimeForge’s labor management platform for independent grocers and Forage’s payments technology that helps merchants accept government benefits, the companies said in...
Kroger is reportedly now the number one sushi seller in the United States — a circumstance that comes alongside grocers’ ongoing effort to become consumers’ one-stop shop for food of all kinds. According to a Wall Street Journal (WSJ) report Monday (Aug. 21), Kroger has risen to the...
Right now, the headlines and news stories detailing the deluge of holiday merchandise on retailers’ shelves are a bit whimsical. Christmas is here, is the read across – and it’s only August. As reported in recent days by CNN and other media outlets, back to...
Gap has a new CEO, Richard Dickson, beginning Tuesday (Aug. 22), in a move that reportedly signals renewed optimism for the company. Dickson’s appointment has sparked investor confidence, with shares of the specialty apparel company gaining 10% since the move was announced on July 26, the Wall Street Journal...
“It’s more than shoplifting. It’s organized retail theft,” PYMNTS said at the end of May and it’s an issue that lives on. U.S. retailers are still grappling with “inventory shrinkage,” which encompasses the vanishing of products owing to theft, coordinated criminal endeavors, product impairment, vendor deception,...
