News

Designer Brands Q3 profit falls; owned-brand sales boost revenue
The parent company of DSW Designer Shoe Warehouse and The Shoe Company reported weaker-than-expected third-quarter bottom and top-line results and lowered its full-year guidance amid slowing consumer demand.
BJ’s connects advertisers with customers across channels
BJ’s Wholesale Club Holdings Inc. is joining the club of retailers operating proprietary media networks.

CBL's Stephen Lebovitz on retail's resilience

When I think back over the last several years, the word that comes to mind as it relates to our industry is resilience.
Batteries Plus names new digital head, plans e-commerce revamp

Batteries Plus is bringing in a veteran technology executive to oversee a transformation of its e-commerce experience.
Forever 21 tests ‘real’ products in the metaverse

Forever 21 is launching what it calls its first-ever “metaverse-inspired” fashion collection.
Rothy’s cuts waste, enables supply chain collaboration with new tech solution

Rothy’s is utilizing product lifecycle management (PLM) technology to overhaul the design, manufacturing and distribution of shoes, handbags and accessories.
NRF: GDP growth slows but consumer spending remains positive

Consumer spending should remain strong even as its rapid pace continues to slow.
Walgreens introduces 24-hour delivery

Walgreens is now fulfilling online orders 24 hours a day, seven days a week, in select markets across the country.
Dollar General to open 1,050 stores in 2023; Q3 earnings fall amid higher costs

Dollar General’s third-quarter sales rose 11.1% but costs took a bite out of the company’s earnings.
Five Below maintains momentum with strong quarter; lifts guidance

Five Below reported a better-than-expected third quarter during which it continued to expand its footprint as it entered two new states.
Walmart offers aid to employees, shooting victims’ families; store remains dark

Walmart is reaching out to help employees and the families of the shooting victims in the aftermath of the shooting in the breakroom of its store in Chesapeake, Va., last week.
Retailers applaud Congressional action to avert rail strike

The U.S. House on Wednesday afternoon approved a bill to avert a nationwide freight rail strike by imposing a labor agreement between rail companies and their employees.