FINANCE

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How to influence consumers despite inflation
Consumers are cutting costs, but a new survey reveals two factors that still have a significant impact on their purchase decisions.
Report: Nike to leave Russia
Nike is reportedly following in the footsteps of Starbucks and McDonald’s.

Store closures drive higher net loss at Rite Aid
Rite Aid Corp. reported an increasing net loss and decreasing revenues in a difficult first quarter of fiscal 2023.
Office Depot parent company reaches decision on sale, split
The ODP Corp. has reviewed the alternatives and set a firm course for its consumer business.
eBay acquires NFT marketplace
eBay Inc. continues delving deeper into the sale of NFTs.
Gap Inc. takes equity stake in Allyson Felix’s Saysh athletic apparel brand
Gap Inc.’s Athleta brand is expanding its support of Olympian track and field star Allyson Felix.
How will Prime Day spending compare to last year?
A new survey reveals whether consumers plan to spend more or less on Prime Day than they did in 2021.
Fleet Feet to acquire Marathon Sports
Fleet Feet is expanding its footprint in New England.
Survey: Inflation changing how consumers shop
Virtually all U.S. households are taking steps to combat the effects of inflation.
Sales Outlook: Second half of year to be 'more challenging'
U.S. May retail sales are softer than expected, falling 0.3% month-on-month (consensus +0.1%) while April was revised down to 0.7% from 0.9%.
Consumers pull back on spending in May
U.S. retail spending stalled in May as consumers dealt with continuing inflation for food and other essentials and high prices at the pump.
Cardenas Markets supermarket chain acquired by private equity firm
An acquisition will result in the merger of two ethnic grocers.
Mastercard: Back-to-school sales to rise 7.5% with department stores a ‘winner’
The return to in-store shopping will help fuel sales during retailers’ second biggest selling season.
Abercrombie & Fitch sets $5 billion annual sales goal
Abercrombie & Fitch Co. is thinking big long-term.
Warehouse giant Prologis in blockbuster deal to buy Duke Realty
The world’s largest warehouse operator is getting bigger.
Blue Nile to go public via SPAC deal; valued at $873 million
The pioneering online disruptor of the diamond jewelry market is returning to the public arena through an agreement with a special purpose acquisition company.
Inflation accelerates in May as food, gas prices surge
Consumers didn’t get a break in May from rising prices, particularly in two categories.
Consumer sentiment plunges amid soaring inflation
Higher gasoline prices and overall inflation concerns weighed heavily on consumers in early June.
Two channels drive record May grocery inflation
Grocery inflation continued reaching new heights in the month of May.
Retail group asks Biden to end China tariffs to ease inflation
The National Retail Federation wants the Biden administration to eliminate the Trump-era tariffs on goods from China, which it said have cost the average American household more than $1,200 a year.
Signet Jewelers topline shines; increases stock repurchase program
Signet Jewelers Ltd. reported first-quarter results that topped Wall Street expectations and affirmed its full-year outlook.
Online inflation rises at slower pace in May
Online prices rose for the 24th straight month in May, but displayed a promising trend.
J.Jill swings to the black in Q1; sales rise 22%
J.Jill showed strong top- and bottom-line growth in its first quarter as its turnaround under CEO Claire Spofford continues.
SafetyCulture invests in IoT solutions provider
SafetyCulture is taking part in the emerging Internet of Things (IoT) technology space.
Chico’s swings to profit in positive Q1
Strong same-store sales helped Chico’s FAS move from the red into the black in its first quarter of fiscal 2022.
Kohl’s may have found an $8 billion buyer
Kohl’s Corp. is entering exclusive talks regarding a sale with one suitor.

Coverage and analysis on finance news, including quarterly results, general retail sales and bankruptcy filings, for the retail channel brought to you by Chain Store Age.