Retail

Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. Retailers satisfy demand identified through a supply chain.

(source: en.wikipedia.org)

Putting Memorial Day BBQ on the Table May Put a Dent in Household Budgets
Putting Memorial Day BBQ on the Table May Put a Dent in Household Budgets
May 26, 2023  |  Economy

It’s Monday and a holiday. The hot dogs are at the ready. The grill’s fired up. The wallets feel a whole lot lighter. The Memorial...

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Klarna Says Shoppers Want Recommendations Rather Than Search Results
Klarna Says Shoppers Want Recommendations Rather Than Search Results
May 26, 2023  |  Retail

Klarna aims to lead a shift in purchases from search to recommendations. While 80% of purchases currently originate from search, shoppers are now looking for...

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Foot Locker Embraces Localization Strategy Through Small Concept Stores 
Foot Locker Embraces Localization Strategy Through Small Concept Stores 
May 26, 2023  |  Retail

Despite facing challenges in the first quarter due to changes in Foot Locker’s physical presence, brand assortment, digital initiatives, and omnichannel strategies, the retailer is...

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Ulta Beauty Reports Strong Sales Growth Despite Dealing With Retail Theft  
Ulta Beauty Reports Strong Sales Growth Despite Dealing With Retail Theft  
May 26, 2023  |  Retail

Ulta Beauty CEO Dave Kimbell shared the company’s first-quarter results on Thursday (May 25), highlighting a 12.3% increase in sales compared to the previous year....

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Gen Z Leads Decline in Subscription Renewals
Gen Z Leads Decline in Subscription Renewals
May 26, 2023  |  Retail

Value may outweigh convenience when it comes to recurring subscriptions, as consumers seek any and all avenues to cut costs. Consumers are digging deep to...

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Costco Reports Sales Growth Slows as Consumers Reduce Discretionary Purchases
Costco Reports Sales Growth Slows as Consumers Reduce Discretionary Purchases
May 25, 2023  |  Retail

Costco’s comparable sales growth has slowed as consumers reduce their purchases of discretionary items. The membership warehouse club’s comp sales rose 0.3% year over year...

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Report: Chanel Sees Slowdown in Luxury Sector Sales in US
Report: Chanel Sees Slowdown in Luxury Sector Sales in US
May 25, 2023  |  Retail

Chanel has reportedly seen a slowdown in the United States. The privately-held luxury brand’s sales growth in the U.S. has dipped from about 10% in 2022 to “in...

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Frozen Food Drives Sales at Discount Stores as Consumers Seek Easy Meals
Frozen Food Drives Sales at Discount Stores as Consumers Seek Easy Meals
May 25, 2023  |  Retail

Consumers’ demand for more affordable quick meal solutions is sending them running to the freezer aisle, Dollar Tree CEO Rick Dreiling notes. On a call with...

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Best Buy Reports Consumer Caution as Comparable Sales Drop 10%
Best Buy Reports Consumer Caution as Comparable Sales Drop 10%
May 25, 2023  |  Earnings

Best Buy sees a continuing trend of consumers feeling cautious due to the current economic environment. The consumer electronics retailer noted this trend while reporting...

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