News

Walmart makes waves with profit warning
Customers are pulling back on general merchandise categories amid inflation at Walmart, which is often called a bellwether for the nation’s retail industry.
Best Buy unveils small-format, ‘digital-first’ store
Best Buy has opened its first-ever, small-format digitally focused store as part of its test of new store models.

Consumer confidence slips for third straight month in July

U.S. consumer confidence fell to a 1-1/2 year low in July as consumers grew more pessimistic about current conditions.
Albertsons posts strong Q1; review pegs real estate value at $13.7 billion

Albertsons Cos. Inc. reported fiscal first quarter earnings that beat expectations and raised its full-year guidance.
Availability of retail real estate hits a 10-year low

Construction contractors struggling to find able workers and proper materials built less than half the new retail space they put up last year.
Chipotle promotes digital currency with gamified campaign

Chipotle Mexican Grill is accepting digital currency, including cryptocurrency, and is letting customers know in a playful way.
Nordstrom Rack expanding in two states

Nordstrom is expanding the footprint of its off-price banner, Nordstrom Rack.
David’s Bridal launches shoppable TikTok campaign

The nation’s largest bridal retailer continues to expand its omnichannel capabilities with commerce-driven content on TikTok.
Gucci says ciao to Ohio

San Francisco? Check. Boston? Check. Honolulu? Check. Fifth Avenue? Check. Columbus?
How Web 3.0 will challenge centralized data

In the Web 2.0 era, a handful of behemoth retailers dominated data collection and unification based primarily on online and in-app shopping behaviors.
Parent company of Famous Footwear names new CEO

There’s going to be a changing of the guard at Caleres come the new year.
Prime Day update: Discounting produces record results

Continuing analysis of Prime Day 2022 indicates inflation-weary consumers were receptive to heavy price slashing.