Retail sales stay steady in July as consumer spending defies pundits’ pessimism: Retailers benefited from falling gas prices and a Prime Day boost, even as inventory woes ate into profits.
High real estate prices lead homeowners to invest in home improvements: Lowe’s and Home Depot continue to see strong demand from both DIYers and professionals.
This should be off-price retail’s moment: But TJX Maxx and Marshall’s reported declining sales and store visits in Q2 as inflation curbed demand for discount goods.
US back-to-college retail spending will reach a new high of $73.9 billion this year, beating last year’s record of $71.0 billion and eclipsing the pre-pandemic figure of $54.5 billion in 2019.
China’s COVID-19 shutdowns hit high-end retailers hard: Tapestry and Estée Lauder are the latest companies to feel the brunt of a weakening Chinese economy.
Kohl’s doesn’t expect its fortunes to turn around anytime soon: The retailer slashed its financial forecast for the rest of the year, pointing to inflation as the cause for its softening sales.
TikTok announced new Shopping Ads this week in an effort to streamline in-app ecommerce.
We unpack the potential for cheaper consumer health devices as the FDA makes hearing aids directly available.
Affirm and Splitit struck partnerships to shore up growth as market uncertainty takes a toll on the BNPL sector.
Creative is out, CX is in: Agencies used to live and die by creative, but spending cuts from automakers has them hiring more customer experience employees.
Inflation gives Walmart a chance to shine: The retailer’s emphasis on value and low prices is attracting both low- and high-income shoppers and enabling it to retain grocery dominance.
Steep discounting hurt Target’s bottom line in Q2: But the retailer doesn’t expect the short-term hit to hamper its profits for the rest of the year.
More than half of US adults shop online at least once a week, and 16% do so at least once a day. Overall, online shopping is on the rise and moving to mobile.