News

Big Lots swings to loss as inflation, high gas prices weigh on spending
Big Lots reported a surprise fiscal first-quarter loss and disappointing sales as higher fuel prices and broader inflation cut into consumer spending, and said it would scale back spending related to new store openings and remodels.
Mayweather Boxing and a dream museum are among new tenants for Poag
Poag Shopping Centers has long studded its developments with the restaurants, entertainment providers, and greenspaces that move traffic into retail centers. But the company’s chief is seeing new life for classic apparel shops, as well.

Blue Yonder ICON offers insight from Walmart, Forrester

The recent Blue Yonder ICON 2022 event featured a close look at Walmart’s workforce management and Forrester’s view of order management systems.
Unilever offers drone delivery for direct-to-consumer ice cream orders

A CPG giant is taking to the skies with its next-generation version of an ice cream truck.
Bob’s Stores, Eastern Mountain Sports acquired

The U.K. owner of Bob’s Stores and Eastern Mountain Sports has sold the two sporting goods and clothing brands to a company that focuses on intellectual property rights management through divisions in music, video networks and brands.
Gap swings to loss amid higher costs, Old Navy woes

Gap Inc. reported a first-quarter loss and declining sales, and slashed its annual guidance to reflect an uncertain macroeconomic environment, inflation pressures and “executional” challenges at its largest division: Old Navy.
CBL will redeem $355 million in senior secured notes

One of the nation’s top mall owners announced that it will redeem senior secured notes to be backed by 13 of its open-air centers and 91 high-demand outparcels.
Kroger opens new fast delivery fulfillment facility

The Kroger Co. continues supplementing its network of automated fulfillment centers with smaller “spoke” locations.
Victoria’s Secret launches online marketplace focused on women-led brands

Victoria’s Secret & Co. is doubling down on its inclusion efforts.
Pacsun opens virtual store at metaverse festival

Pacsun keeps moving forward in its metaverse commerce efforts.