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Burberry and Dillard’s are both focused on driving full price sales of new merchandise in their full line stores. Burberry is looking to accomplish the feat by focusing on high-demand categories, unveiling a new store concept and addressing the consumer desire for omnichannel shopping and fulfillment. Dillard’s is cutting back on marked down merchandise and…

A nationwide shortage of long-haul truckers has been affecting supply chains for years, but the lack of drivers became more pronounced recently when gas station pumps were left empty. The recent Colonial Pipeline ransomware attack left truckers in an even more difficult position as higher gas prices increased their cost to make deliveries.

Sales of luxury items are expected to make a comeback this year and could even reach pre-pandemic levels according to Bain. The consultancy thinks that there’s a 30 percent chance sales will fully rebound this year, with a more likely scenario that it will take until 2022, possible even 2023, to get back to 2019…

Forty-one percent of employees considered leaving their nine-to-five jobs to open their own businesses during some of the toughest moments since the novel coronavirus pandemic hit. Many are taking the leap, even as companies are opening up to bring workers back to their office jobs.

The labor market is tightening as businesses staff up in response to the diminishing threat from the novel coronavirus pandemic and rise in economic activity. National employers, including Amazon, Chipotle, McDonald’s and Walmart, are raising hourly wages, offering bonuses and other incentives to recruit new workers.

Wayfair CEO Niraj Shah is bullish on his company’s growth prospects for a variety of reasons including his belief that Americans have changed their shopping behaviors. “While demand for COVID-impacted categories like travel and entertainment is returning, we also believe the pandemic has fundamentally increased the share of wallet customers will spend on their homes…

Rodney McMullen, CEO of The Kroger Co., made $22.4 million last year, or 909 times the median pay for the grocery giant’s employees. The CEO’s pay package represented a six percent increase over 2019 and was set in advance of public criticism of Kroger for its decisions to close stores in cities where so-called hero…

Panic buying of gasoline in the days following news of a cyber attack on Colonial Pipeline created fuel shortages that wouldn’t have taken place had consumers continued to fill up as they normally do. The pipeline has since been restarted with promises that full supplies will be available in several days. AAA spokesperson Jeanette McGee…

Retail sales in April were flat following a 10.7 jump in March. Economists were expecting lower sales growth in April as around 83 percent of federal stimulus checks were distributed in the second half of March.

Apollo Global Management, the private equity firm that owns Smart & Final, has announced a plan to sell the warehouse-style grocery chain to Bodega Latin Corp., a subsidiary of Grupo Comercial Chedraui, in a deal valued at $620 million. CEO David Hirz is expected to continue leading Smart & Final, which operates 254 stores in…