Retailers are looking to renew their leases on space in malls as much as three years before their current lease expires, Simon Property Group CEO, President and Chief Operating Officer Eli Simon said Monday (May 11). Simon was speaking during the first quarter earnings call...
As retailers grapple with pressures on discretionary spending and shifting shopping habits, the challenges are mounting to get shoppers through the doors, and then to keep them moving through aisles, engaging digitally and ultimately converting visits into purchases. The modern storefront is increasingly becoming a...
American retailers are spending billions on renovations to entice shoppers back into stores. As the New York Times (NYT) reported Monday (May 11), companies such as Target, Walmart and Dollar General are among the chains investing more in brick-and-mortar retail. Altogether, the largest retailers in the U.S. are expected to spend $20...
Nike customers have reportedly sued the sneaker giant to recover tariff-related refunds. The proposed class action lawsuit accuses Nike of not refunding the costs it passed onto consumers in higher prices in response to President Donald Trump’s so-called “Liberation Day” tariffs, Reuters reported Friday (May...
Amazon Web Services (AWS) announced in a Thursday (May 7) company blog post a set of tools designed to allow artificial intelligence agents to conduct financial transactions autonomously. The new feature, Amazon Bedrock AgentCore payments, enables AI agents to instantly access and pay for digital...
Amazon is turning another internal capability into a commercial product. This time, the asset is logistics. On Monday (May 4), the eCommerce and retail titan launched Amazon Supply Chain Services (ASCS). The platform solution opens the company’s freight, distribution, fulfillment and parcel shipping tools to...
Kraft Heinz CEO Steve Cahillane said his company is focused on lowering prices because consumers are having trouble paying their bills. In an interview with The Wall Street Journal, Cahillane said the packaged food company’s strategy includes price cuts on items that had become expensive,...
Amazon has kept its Rufus AI shopping assistant largely separate from its main search bar since the tool’s 2024 launch. The company is now leaving the door open to changing that. Amazon is exploring a hybrid mode that would add AI-generated commentary directly above traditional...
Amazon has begun offering same-day delivery of perishable groceries to its business customers. The new service, long available for consumer customers, is being rolled out in 2,300 communities around the U.S. in response to what the company says was a top customer request, Amazon said in...