Consumers’ demand for more affordable quick meal solutions is sending them running to the freezer aisle, Dollar Tree CEO Rick Dreiling notes. On a call with analysts Thursday (May 25) discussing the retailer’s first quarter FY2023 financial results, Dreiling noted that the availability of frozen foods has had...
As Amazon succeeds at whittling away at incumbent grocers’ shares of center-aisle purchases, smaller retailers are drawing inspiration. According to a PYMNTS survey of nearly 2,700 U.S. consumers conducted last month, 61% of U.S. consumers are Amazon Prime members, and 26% are subscribed to Walmart+....
Whatever humans need, pets need. That’s the mindset Petco seems to understand when it comes to the pet parent that shops with the specialty retailer. While the retailer initially prioritized providing essential food supplies, Petco goes beyond that by seeking partnerships. These partnerships not only...
Urban Outfitters put itself on a crash diet that might have gone too far. As a result of inflation and the unpredictable nature of consumer spending, retailers are implementing strategic and streamlined methods to manage their product inventory by reducing their offerings and aiming for...
With a passionate online following already under its belt, Shein is now setting its sights on expanding its influence in the U.S. In pursuit of this goal, the fast-fashion eTailer is launching a venture that involves the introduction of pop-up stores and the establishment of...
eCampus.com says it is making the most of Amazon’s decision to end textbook rentals. The company, which sells textbooks and course materials, announced Tuesday (May 23) that it would keep offering textbook rentals, something it had been doing in partnership with Amazon. “College students have...
Retailers charging fees for returns walk a tightrope. On the one hand, fees levied when customers decide not to keep what they’ve bought help offset the costs of handling those returns — the shipping, handling and restocking. And let’s say a shopper ordered several pairs...
Walmart is the latest player in the up-and-coming pet telehealth sector. The company has agreed to provide Walmart+ members a free year’s subscription to veterinary telehealth platform Pawp, according to published reports. The deal, expected to be officially announced Tuesday (May 23), comes as Walmart is using its Walmart+...
With consumers focused on sustainability, British fashion retailer ASOS has launched a clothing rental program. The company on Tuesday (May 23) announced a partnership with rental marketplace Hirestreet, arriving in time for this year’s wedding season. “In the UK in 2023, the average cost of...
