Retail

Retail
Advance Auto Parts Projects Comp Growth With Demand From DIY, Pro Shoppers
April 20, 2021

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...

Retail
Millennials Lead Grocery’s Digital Shift
April 19, 2021

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...

Retail
Meituan Seeks $10 Billion To Compete In Chinese Grocery Wars
April 19, 2021

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...

Retail
From Gently Used Nikes To Rapper-Backed Reeboks, Footwear Moves To Find New Feet
April 19, 2021

“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...

Retail
Bed Bath & Beyond Rolls Out Haven Brand Amid Private-Label Push
April 19, 2021

Bed Bath & Beyond has rolled out the second of eight owned brands that it plans to debut or revamp in fiscal 2021. Haven, a collection of bath essentials, is available exclusively at the retailer beginning on Monday (April 19), according to a company announcement....

Retail
Harley-Davidson Raises Outlook, Cites Strong Retail Demand Despite EU Tariff Hike
April 19, 2021

The iconic motorcycle manufacturer Harley-Davidson said on Monday (April 19) that strong retail demand, reduced dealer inventories and fewer loan write-offs drove better-than-expected first-quarter results, as well as an increased forecast for the year. Get the Full Story Complete the form to unlock this article...

Retail
Peloton Responds To Consumer Product Safety Commission Bulletin
April 19, 2021

In the face of a consumer safety recall following the death of a child on one of its treadmills, Peloton said in a press release that “there is no reason to stop using” its Tread+ connected fitness treadmill “as long as all warnings and safety instructions...

Retail
GameStop Confirms CEO To Depart By July 31
April 19, 2021

Embroiled video game retailer GameStop has confirmed speculation that CEO George Sherman will be leaving the company by July 31 — or sooner, if a successor is named. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Reopening Shopping: Digital Reality Overshadows Economic Optimism
April 19, 2021

The cross-currents around the pandemic and the impending recovery continue to swirl. As of April 17, 85 million Americans had been vaccinated. Yet, new strains of the virus and anti-vaxx protests have put some states smack in the middle of the pandemic including North and...