In today’s top retail news, BJ’s Wholesale Club has named Bob Eddy as its new president and CEO, while Advance Auto Parts is forecasting comparable-store sales growth amidst demand from DIY and pro shoppers. Plus, lululemon has become part of the secondhand clothing trend with...
Six months after the rollout of its sweeping corporate sustainability agenda, the yoga and athletic apparel retailer lululemon has unveiled its first-ever venture to resell gently used clothes. In announcing its “Like New” reCommerce initiative, the retailer will join a growing movement within the apparel...
At a time when online shopping has surged to represent almost 20 percent of total retail sales, fueled by the ubiquity of free shipping and free returns, San Francisco-based startup TryNow is challenging industry norms and transforming consumer behavior by allowing customers to try on...
The country’s largest auto retailer said Tuesday (April 20) that rising new and used vehicle prices as well as its lucrative parts and service and financing businesses combined to deliver AutoNation’s most profitable quarter ever — the fourth time in a row that it has...
BJ’s Wholesale Club has named Bob Eddy as its new president and chief executive officer, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Amid formidable demand from DIY shoppers and professional customers, Advance Auto Parts said it anticipates comparable-store sales growth to be between 22 percent and 24 percent for the first quarter of 2021, according to a Tuesday (April 20) announcement. Get the Full Story Complete the...
While almost all consumers rely on grocery shopping to meet their daily or weekly needs, grocery buying behavior can vary enormously across demographics. After all, you can imagine that the needs of a 32-year-old Imperfect Foods subscriber living in New York City look very different...
The Chinese delivery leader Meituan is aiming to raise roughly $10 billion to compete with companies like Alibaba. According to Bloomberg, Meituan is looking to raise this revenue by selling stock and convertible bonds, the largest-ever sale of new shares by a company listed on...
“When you are finished changing, you are finished,” founding father Benjamin Franklin said long before being immortalized on the $100 bill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
