Spending has shifted away from consumer electronics: That’s creating a challenging environment for Best Buy to navigate.
Gopuff seeks $300 million as rapid delivery demand slows: The food delivery platform is adjusting to the changing landscape by retrenching its expansion plans.
Pinduoduo’s Q2 revenues soared 36%: That’s a stark contrast from the middling results reported by Alibaba and JD.com.
Pinterest looks to revive flagging growth with Shuffles: The invite-only collage app is making waves on TikTok and boosting the platform’s appeal with Gen Z and younger audiences.
Affirm’s gross merchandise volume grew 77% YoY in Q4. It plans to launch new products and features to boost volume and engagement.
Beauty sales show no sign of slowing: Both Coty and Ulta Beauty reiterated a positive outlook as the premiumization trend continues.
Kroger invests in faster, better grocery delivery: The grocer is opening two highly automated fulfillment centers in Illinois and Tennessee to cast a wider net for ecommerce sales.
2022 will present retailers with a host of challenges as soaring consumer prices, high unemployment, and a plummeting currency weigh heavily on shoppers’ minds—and wallets.
Malls need to change: As department stores right-size and shift to smaller formats, mall operators need new types of businesses to drive people to their shopping centers.
Visa and Mastercard blamed fraud and intensifying competition for higher post-Brexit cross-border fees in responses to the UK Parliament.
Retailers take aggressive action to stem the tide of unionizations: Starbucks, Amazon, Trader Joe’s, and more are closing stores, delaying negotiations, and pursuing dogged legal action to keep unions from making headway.
Peloton’s recovery is a long way off: The digital fitness company’s $1.2 billion loss last quarter is the least of its challenges amid declining demand and the return to gyms.
Who took home the trophy and who went home with a consolation prize? We asked our Retail Reimagined team to give us the lowdown.
Consumer sentiment is ticking up as inflation slows: While that’s good news for most retailers as the holidays near, rising interest rates could pose challenges.