Discount apparel and home goods retailer The TJX Companies missed analysts’ expectations in its fiscal 2022 fourth-quarter and full-year earnings, in part because of the spread of the omicron variant of the COVID-19 pandemic causing store closures, according to the company’s announcement Wednesday (Feb. 23)....
Simply put, the past three months have not been pretty for many of the nation’s major retailers, with the S&P Retail Industry Index (XRT) falling nearly 30% since its mid-November peak. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Target will begin giving customers the option of adding a Starbucks order or making a return while using the retailer’s contactless curbside service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Today in retail, Macy’s has decided not to separate its eCommerce operations, while Walmart is adding more livestreamed content. Plus, Dillard’s is replacing a pair of retail locations with two that better reflect today’s retail realities. Get the Full Story Complete the form to unlock...
After a comprehensive three-month review of its business to assess the possibility of separating its eCommerce assets from its traditional physical stores, Macy’s has concluded that its existing integrated strategy is the best path forward for customers and the company. Get the Full Story Complete...
Walmart has debuted its spring 2022 collections, the first since it added American fashion designer Brandon Maxwell as creative director for its Free Assembly and Scoop brands about a year ago, according to a Monday (Feb. 22) company blog post. Get the Full Story Complete...
Dillard’s Inc. on Tuesday (Feb. 22) announced it’s replacing a pair of retail stores with new ones that are part of its embrace of smaller brick-and-mortar locations and an increasingly omnichannel strategy. Get the Full Story Complete the form to unlock this article and enjoy...
Less than a week after CEO Doug McMillon touted Walmart’s increasingly digital business model, the retailer has announced plans to deepen its commitment to livestreamed content with a stable of new recurring programs. Get the Full Story Complete the form to unlock this article and enjoy...
The Home Depot Chairman and CEO Craig Menear used the word “agility” when talking about the approach he and his organization have taken to the ever-changing economic environment that’s included mask mandates, vaccination rates and an increase in foot traffic, especially lately. Get the Full...
