Traeger Inc.’s stock is down almost 16% in early trading Thursday (March 24) after the grill maker said in a Wednesday (March 23) press release that it’s anticipating lower sales for fiscal 2022 because of inflation, lower customer confidence and tighter margins. Get the Full Story...
Luxury is going online, at least for Movado Group in the fourth quarter of fiscal 2022, as the company called out growth in online retail as one of the driving factors in its quarterly net sales increase of 15.5% for the three-month period that ended...
It is perhaps no surprise that Ollie’s Bargain Outlet, which was launched in 1982 amid the last bout of double-digit inflation, is preparing for a big 40th anniversary year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Walmart and Sam’s Club, the retailer’s big-box warehouse subsidiary, have accused rival retailer BJ’s Wholesale Club of stealing technology in a new lawsuit, CNBC wrote Wednesday (March 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Today in retail, Instagram’s algorithm change triggers a social commerce drop for food companies, while inflation could come to the rescue for secondhand apparel retailer Poshmark. Plus, Petco focuses on its long-term plans for its health and wellness growth. Get the Full Story Complete the...
In a move touted to put “luxury and off-price under the same roof,” Macy’s fast-moving plan to open three dozen off-price Backstage locations within existing stores over the next three months is not only a reflection of the times but a statement on a changing...
Petco Health and Wellness Company, Inc. on Wednesday (March 23) is rolling out its long-term strategic plan to catch Chewy in the increasingly competitive pet health and wellness sector as part of its 2022 Investor Day, a five-hour session that looks at what the company...
It was not the kind of birthday party that secondhand apparel platform Poshmark would have hoped for. After its soaring IPO debut 15 months ago, where its stock briefly raced above $100 per share, it has literally been all downhill for the reCommerce platform ever since....
Today in retail, Better & Better rakes in $4 million for product line expansion and retail growth, while Nike is expanding its D2C operations and offering fewer markdowns. Plus, Amazon says Echo and Alexa can do a lot more than most people realize, and Alibaba...
