Difficult economic conditions are leading car shoppers to look for less-expensive used vehicles, CarMax President and CEO Bill Nash said Thursday (Sept. 29) during the...
Today in retail, U.S. senators are trying again to get support for Payment Choice Act, while H&M closes its Shanghai, China, flagship location amid supply...
At a time when the auto retail market has been getting hammered by rising interest rates and fuel costs, used auto retailer CarMax has put...
For a while, the story surrounding the auto industry — particularly the online platforms — seemed simple. Lots of demand. Little supply. Skyrocketing prices, too,...
Today in retail, Albertsons digital sales growth slows, while CarMax fails to reach earnings estimates. Plus, Sephora’s chief technology officer looks forward to the “checkout...
CarMax stock continued to dip on Tuesday (April 12), dropping about 5% in early trading with news that its fiscal 2022 fourth-quarter earnings were lower...
Used car retailer CarMax, Inc.’s retail and wholesale sales shot up almost 30% in the third quarter of fiscal 2022, largely because of increased consumer...
Social commerce is good for brand recognition, but strains inventory levels. Plus, CarMax is fighting car shortages as more consumers explore online vehicle purchases, and...
In today’s top retail news, CarMax says its inventory is much lower than the company would like amid a shortage of new vehicles and high...