With shares of Amazon and Walmart both slumping over 20% in the past 30 days in the wake of their respective earnings reports, the so-called “merry, merry month of May” has been no walk in the park for the top two retail titans, as well...
American Eagle Outfitters isn’t celebrating the success of its first-quarter earnings for long. Instead, the company is looking ahead to the second quarter of the fiscal year — the three months ending July 31 — and bracing for the impact of expected inventory backlogs, higher...
Ulta Beauty is seeing the benefits of people emerging from lockdown life, with increases across the board in the first quarter of fiscal 2022, according to a company press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Discount retailer Big Lots released its quarterly earnings Friday (May 27), showing a rise in eCommerce use but a decrease in sales as consumers wrestled with inflation and fuel prices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The ongoing supply chain hangups, increased inflation and remnants of the COVID-19 pandemic conspired to lead apparel retailer Gap Inc. — parent company of Old Navy, Banana Republic and Athleta — to fall short of its first-quarter earnings targets for the three months ending April...
Since its founding in 1976, it’s always been about the prices at Costco. 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 to our daily newsletter, PYMNTS Today....
Spending at department stores and discount chains has seen an upward trend from American shoppers, in spite of economic conditions, The Wall Street Journal wrote Thursday (May 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In 2020 and 2021, online grocery growth soared. Now, companies in the space are facing major roadblocks on both sides of the Atlantic, as soaring inflation and consumers’ return to their lives away from home impact sales. Get the Full Story Complete the form to...
Today in retail, frictionless commerce is changed for good by artificial intelligence and passive authentication, while 40% of grocery shoppers are likely to dump a merchant if they don’t trust them. Plus, dollar stores highlight value and convenience as inflation rises, grocers rely on upgraded...
