Retailers Expect Middle-Market Demand This Holiday Season
U.S. retailers are gearing up for a cautious but steady holiday season, focusing on mid-range price items, according to a CNBC Supply Chain Survey.
Target Scales Back Pride Collection After Conservative Backlash
In response to pushback from conservative activists, Target has decided to limit the in-store availability of its Pride Month Collection to roughly half of its 2,000 stores.
Costco's Strategic Gaps in Rhode Island, West Virginia, and Wyoming
Costco, the membership-only warehouse chain, has significantly expanded across the U.S., boasting over 600 locations.c
Nordstrom Considers Going Private
The Nordstrom family is looking into the possibility of taking their department store private, with a special committee set up to review potential bids.
Zara's Parent Company Breaks Records with Strong Sales and Expansion Plans
Inditex, the parent company of Zara, saw a surge in its stock prices, hitting record highs after reporting robust early spring sales.
Macy’s Navigates Turbulent Retail Waters With Closures, Luxury Shift, and Activist Investors
Macy’s announced plans to shutter 150 stores over three years and 50 by the end of 2024 following a fourth-quarter loss and declining sales.
Walmart's Bold Moves in Customer Experience and Delivery Services
Walmart's CEO, Doug McMillon, recently unveiled sweeping changes in customer shopping experiences during a fourth-quarter earnings call with investors.
Alibaba Reveals Chinese Government Stakes in Business Units
Alibaba Group Holding Ltd. revealed a deeper involvement of Chinese government entities in its various business arms following an inquiry from the US Securities and Exchange Commission.
J.B. Hunt's Strategic Deal with Walmart is a Boost in Intermodal Assets
J.B. Hunt Transport Services has struck a long-term deal with Walmart, snagging their intermodal assets and committing to volume and capacity provisions.
Fast-Fashion Giants Shein and Temu Disrupt Global Air Cargo Industry
The rise of fast-fashion e-commerce giants like Shein and Temu is shaking up the global air cargo sector, according to industry insiders.
Walmart Acquiring Vizio to Boost Advertising Business
Walmart has announced its acquisition of TV maker Vizio for $2.3 billion in cash, aiming to bolster its profitable advertising business.
Walmart's Ambitious Plans Include Over 150 New and Expanded Stores in the Next Five Years
Walmart, already a retail giant, is aiming to get even bigger. Over the next five years, the company plans to build or convert more than 150 large-format stores, with some expanding from smaller locations into Supercenters offering groceries and merchandise.
Walmart's Major Drone Delivery Expansion
Walmart has unveiled its largest drone delivery expansion plan, covering 1.8 million households in the Dallas-Fort Worth area.
Record Online Spending and the 'Buy Now, Pay Later' Trend
During the holiday season, online spending hit a record high, increasing by 4.9% year over year, totaling $222.1 billion, according to Adobe Analytics.
Lazada Initiates Layoffs Amidst Southeast Asian E-commerce Competition
Lazada, the Southeast Asian e-commerce platform owned by Alibaba, has initiated a new round of layoffs that will be affecting employees across all Southeast Asian markets.
Nike Faces Stock Plunge as Revenue Outlook Slashed Amid Market Challenges
Nike's shares tumbled over 10% after the company revised its revenue outlook for the fiscal year, anticipating just 1% growth instead of mid-single-digit growth, citing challenges in Greater China and EMEA, digital traffic softness, and a stronger U.S. dollar.
Amazon Slashes Fees to Compete with Shein in Fast-Fashion Market
Amazon is feeling the pressure from fast-fashion app Shein and has decided to cut referral fees for cheap clothing items in an effort to compete.
U.S. Retail Sales Surge in November, But Concerns Loom Over Future Consumer Spending
In November, Americans increased their spending ahead of the holiday season, with retail sales rising by 0.3%, surpassing expectations and reversing the decline recorded in October.
Major Economic Concerns Amid Record Thanksgiving Shopping Weekend
A recent Fox News poll revealed that more than 75% of Americans are worried about the state of the economy.
Walmart's Stock Surges to Record High as Investors Bank on Holiday Season Success
Walmart's stock reached an all-time high, hitting $166.30, as investors anticipate the retail giant to outperform its competitors during the holiday season due to its reputation for offering value.