Target is taking a page from Walmart’s book, investing in its food business to get customers in through the doors (or onto its digital platforms) with greater frequency. The retailer shared on a call with analysts Wednesday (Aug. 17) discussing the company’s second-quarter financial results...
With high-earning millennials and baby boomers now representing an estimated 60% of the nation’s pet owners, it’s clear why the pet care industry continues to groom itself with new products and services, bucking inflationary trends. Get the Full Story Complete the form to unlock this...
The nesting trend continues but at a clipped pace for home improvement retailer Lowe’s as DIY projects popular for the past two-plus years are nudged out as consumers with reduced buying power shift spending priorities to essentials and away from lifestyle. Get the Full Story...
Best Buy will begin offering Food and Drug Administration (FDA)-regulated hearing aids, following a ruling this week by the federal government allowing over-the-counter (OTC) sales of the devices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Off-price apparel retailer TJX said Wednesday (Aug. 17) that demand for home-related items was weaker than expected as inflation dampened consumer spending, leading to a surprise 5% drop in same-store sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Amid ongoing inflation, many consumers are growing more conservative in their spending, cutting back on luxuries and sticking more to the basics. Walmart, the world’s largest grocery retailer, is seeing the effects of the shift from restaurants to supermarkets as well as from more premium-priced...
By most measures, the past three months have been some of the toughest that Walmart has faced in decades, as the bite of inflation has inflicted turmoil and pain on both the lives of its customers as well its own bottom line. Get the Full...
A backlog of home improvement projects among professional customers helped The Home Depot keep its momentum in the second quarter of fiscal 2022 as the nesting trend that started early in the pandemic stayed on course despite inflation threatening a full-blown recession. Get the Full...
Clothing reseller thredUP saw double-digit percentage increases in the number of orders and buyers on its platform during the second quarter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
