Retail

Retail
D2C Rug Seller Ernesta Expands eCommerce Offering
May 22, 2023

Direct-to-consumer (D2C) custom rug company Ernesta has opened its eCommerce site to more customers. The company’s beta program, announced last week, follows an earlier invite-only phase, said Ernesta CEO John Foley, who founded the business with two of his former Peloton colleagues, Hisao Kushi and...

Retail
Car Dealers See Inventory Levels Ramp Back Up
May 21, 2023

The days of empty car dealer lots could be coming to an end. Easing supply chain constraints and steady production has increased vehicle availability, The Wall Street Journal (WSJ) reported Saturday (May 20), with some brands — Buick and Jeep among them — already seeing...

Retail
Walmart Expands Alcohol Delivery as Spirits Sector Toasts a Summer of Home Mixology
May 20, 2023

Come on party people, throw your hands in the air. It’s bottoms up on alcohol delivery for the summer 2023 season, and some big names are mixing at the nationwide cocktail hour. Some of us take a more dignified approach, sipping a Dalmore ‘62 while...

Retail
Walmart and Target Earnings Offer Up a Tale of Two eCommerce Platforms 
May 19, 2023

At first glance, the numbers are startling in their contrast. In their latest earnings reports, Walmart posted comparable eCommerce sales gains of 27% in its most recent quarter. Target posted a 3.4% drop in comparable digital sales. “We continue to gain market share in the grocery category, including...

Retail
Five Below Expands Retail Footprint With Simon
May 19, 2023

Specialty discount retailer Five Below has unveiled plans to expand through Simon’s retail portfolio, including its Premium Outlets. The expansion with Simon will encompass a range of products geared toward tweens, teens and beyond, according to a Thursday (May 18) press release. Five Below aims to...

Retail
Lululemon Adds Textile Recycling to Its Circularity Initiatives
May 19, 2023

Lululemon has made a minority investment in Australian recycling company Samsara Eco. The companies will collaborate to make recycled nylon and polyester from the apparel waste generated while producing Lululemon’s athletic apparel and use it to create brand-new apparel, Lululemon said in a Thursday (May 18) press release. “Nylon...

Retail
Even Discount Retail CEOs Say Shoppers Are Pulling Back   
May 19, 2023

Amid inflation, shoppers are actively seeking out affordable options. This trend has prompted consumers to search for merchants whose prices are in line with their budget. This has proven advantageous for retailers like Ross Stores, which strive to offer the “best branded bargains possible at...

Retail
Retail Crime Epidemic Sparks Store Closures Including Target, REI and Walmart
May 18, 2023

Target has reported a disturbing surge in retail crime, which is anticipated to cause an estimated $500 million more in losses and stolen merchandise this year compared to the previous year. In fact, workers at a Target store in downtown San Francisco recently told a...

Retail
T.J. Maxx Thrives as Bed Bath & Beyond Exits and Gen Z, Millennial Shoppers Drive...
May 18, 2023

Amid reports of struggling sales among other retailers, T.J. Maxx has benefited from the growing interest and support of Gen Z and millennial shoppers.  “We continue to attract an outside number of younger customers to our stores, including many Gen Z and millennial shoppers, which...