Retail sales

Giant Food Closes Three eCommerce Facilities as Grocers Rethink Fulfillment
Giant Food Closes Three eCommerce Facilities as Grocers Rethink Fulfillment
August 23, 2023  |  eCommerce

As merchants look for ways to improve the margins of online grocery, Giant Food is backpedaling, reportedly closing three delivery fulfillment centers to find a...

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Fitness Takes the Lead: Dick’s Sporting Goods Emerges as Priority in Consumer Budgets 
Fitness Takes the Lead: Dick’s Sporting Goods Emerges as Priority in Consumer Budgets 
August 23, 2023  |  Earnings

Shoppers are exercising increased prudence in terms of nonessential expenditures. This trend is a hot topic within the retail sector, from everyday grocery shopping to...

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As Consumers Cut Back on Discretionary Spending, Macy’s Amplifies Leaner and Personalized Inventory
As Consumers Cut Back on Discretionary Spending, Macy’s Amplifies Leaner and Personalized Inventory
August 23, 2023  |  Earnings

Consumers are cautious these days about their spending.  It’s the tale of the retail community and the real-life challenge Macy’s is currently grappling with. On...

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Gap Up 10% as New CEO Richard Dickson Brings Hope for Turnaround
Gap Up 10% as New CEO Richard Dickson Brings Hope for Turnaround
August 22, 2023  |  Retail

Gap has a new CEO, Richard Dickson, beginning Tuesday (Aug. 22), in a move that reportedly signals renewed optimism for the company.  Dickson’s appointment has sparked investor...

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Amazon’s Shipping Push Deepens Last-Mile Battle vs. UPS, FedEx and Platforms
Amazon’s Shipping Push Deepens Last-Mile Battle vs. UPS, FedEx and Platforms
August 21, 2023  |  Delivery

The battle for loyalty — from merchants and consumers — may be won along the last mile. The news Monday (Aug. 21) that Amazon would re-instate its...

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Social Media Shopping Blocked By a Lack of Trust 
Social Media Shopping Blocked By a Lack of Trust 
August 21, 2023  |  Retail

Shopping over social media seems to be the next frontier of eCommerce spend, with 43% of consumers (approximately 110 million individuals) browsing these platforms to...

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Walmart: Weekly Active Digital Users Grow 20%
Walmart: Weekly Active Digital Users Grow 20%
August 17, 2023  |  Earnings

Walmart’s second quarter fiscal year 2024 results show a continued trend in strong spending on groceries — and a widening embrace of digital channels by...

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Retail Sales Top Estimates, but Key Discretionary Spending Declines
Retail Sales Top Estimates, but Key Discretionary Spending Declines
August 15, 2023  |  Economy

Retail sales keep on chugging along. To that end, the data released Tuesday (Aug. 15) by the Commerce Department showed that consumer spending, overall, remained...

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Krispy Kreme Reports Q2 2023 Earnings and Expands Omnichannel Strategy
Krispy Kreme Reports Q2 2023 Earnings and Expands Omnichannel Strategy
August 11, 2023  |  Earnings

Krispy Kreme announced second-quarter results Thursday (Aug. 10) that showed a 9% hike in year-over-year (YoY) net revenue, bolstered by eCommerce and delivery strategies. Net...

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