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Why Are Sneaker Sales Skidding at Foot Locker?
Foot Locker’s shares on Friday lost 27 percent of their value after the chain slashed its guidance as sneaker buying turned more discretionary than expected.
Will More States Follow Montana And Ban TikTok?
TikTok has been the most downloaded app in the U.S. for three years running. It is also on its way out of Montana at the end of 2023 unless a…
How Can Enterprise Change Fatigue Be Reduced?
A Gartner survey revealed that employees’ willingness to support change within enterprises dropped to 43 percent in 2022 from 74 percent in 2016.
Do Retailers Need to Get Ready Now For Mother’s Day 2024?
The National Retail Federation (NRF) estimated that consumers would spend $274.02 per person on 2023 Mother’s Day and 75 percent would give flowers as a gift. Predicting and delivering these…
Will Consumers Knock Off Buying Lululemon Dupes After Wearing The Real Thing?
Buying knockoff goods may carry a stigma for some consumers, but not Gen Zers. They are not only unbothered buying duplicates (AKA dupes) of brand-name goods, they have begun celebrating…
Is Flexibility The Key to TJX’s Success?
The TJX Companies, parent of HomeGoods, Marshalls and T.J. Maxx, exceeded its own expectations for the first quarter with a sales increase at the top of its forecast and earnings…
Are Retailers Helpless In Overcoming Panic Buying?
A university study led by Rensselaer Polytechnic Institute finds rationing generally doesn’t work and emergency authority figures – not retailers – stand the best chance at reducing “panic buying” during…
Is Taco Bell The Hero or The Villain in Taco Tuesday Fight?
Taco Bell says it is out to liberate Taco Tuesdays. The Mexican food-inspired restaurant chain said it has filed legal petitions asking the U.S. Patent and Trademark Office Trademark Trial…
What Will a Down Year Mean For Home Depot Beyond 2023?
Home Depot yesterday reported that its first-quarter sales fell 4.2 percent with U.S. comps down 4.6 percent. The chain is expected to post its first annual sales decline since 2009.
Will Vitamin Shoppe Get Healthier as a Private Company?
Nutritional supplement retailer Vitamin Shoppe and the other retailers in Franchise Group’s portfolio will no longer answer to Wall Street’s whims as the parent company has announced it is going…
Where Are Retail Supply Chain Investments Heading?
A Gartner global survey of 499 supply chain leaders taken late last year finds 65 percent anticipate it will be easier to fund new technology investments, with 73 percent of…
Is Shein’s Marketplace Bad News For Amazon and Other Retailers’ Platforms?
Shein earlier this month announced the launch of its U.S. marketplace after successful rollouts in Mexico and Brazil.
Does Christmas Tree Shops Need Saving?
Christmas Tree Shops entered bankruptcy in early May with a plan to close 10 of its 83 stores, reduce debt and exit within months, but the filing raised concerns about…
Why Is Amazon Paying Prime Members to Choose Pickup Over Delivery?
Amazon.com is paying select Prime members $10 to pick up their online purchases rather than get home delivery.
Will Google’s AI-Driven Search Captivate Shoppers?
Google last week introduced a new set of features that deliver AI-generated summaries to queries similar to ChatGPT as well as follow-up prompts to engage users in a conversation.
Is Best Buy Ready to Tier Up Its Loyalty Program Efforts?
Best Buy is expanding its loyalty program from one paid and one free tier to one free one and two paid.
Will Generative AI Improve Customers’ Experiences Interacting With Retailers?
Customer experience (CX) and customer service leaders gathered in San Diego this week for the Reuters Events: Customer Service & Experience West 2023 conference.
Did Anheuser-Busch Take a Sad Bud Light Song And Make It Sadder?
Bud Light’s year-over-year sales have fallen 11 percent this year, according to data from Bump Williams Consulting.
Will John Mackey’s New Love.Life Concept Change How We Think About Food And Health?
Whole Foods founder John Mackey, who officially stepped down as the CEO of the Amazon.com-owned grocer in 2022, has started another health food-focused endeavor.
Is Livestream Shopping Ready to Shift Into High Gear?
TikTok appears to be pumping the brakes on its U.S. livestreaming plans while retailers and platforms, including Amazon.com, Poshmark, Qurate, Shein and Walmart, are stepping on the gas.
Do Retailers Need A Chief Impact Officer?
McDonald’s last year hired Jon Banner as its chief impact officer and EVP, joining several other companies in adding the title to their C-suite.
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