Dollar General’s second-quarter results show the impact of inflation on its primary customer base, and the retailer is doubling-down on in-store experiences to attract shoppers. CEO Todd Vasos acknowledged that the company’s performance fell short of expectations, attributing it to rising prices and tightened consumer...
Walmart has introduced its “Nuevolution” line, products that “celebrate visionary creatives shaping culture.” The new initiative was announced Monday (Sept. 16) as Hispanic Heritage Month got underway in the U.S. “The Nuevolution Project is a collection of products that embody the evolving and never-ending vision of Hispanics shaping...
Target says it aims to hire roughly 100,000 workers for the holiday shopping season. The retailer’s plans, announced Monday (Sept. 16), are in line with last year’s hiring levels, and come as analysts expect a slightly slower pace of shopping for 2024. The openings are for Target’s stores and...
Give someone a diamond, they have a diamond; give someone a machine that makes diamonds, they have diamonds for a lifetime. There is an old Jewish parable about an island where diamonds are so plentiful that they are worthless. Reality is beginning to look a...
In the face of a tough retail environment, Kohl’s is reshaping its identity to feature its value-driven appeal for the entire family. With sales slipping and consumers tightening their belts, the retailer is doubling down on its promise of affordability, hoping to transform current challenges...
In recent months, Starbucks has grappled with operational and financial challenges, compounding its struggle to maintain market dominance. The company’s difficulties, from a mobile outage to shifting consumer spending habits, underscore the complexities facing the iconic coffee chain as it manages changing market dynamics. Starbucks’...
As Amazon outstrips Walmart in clothing sales, the latter is using its brick-and-mortar expertise in an attempt to close the gap. The big-box retailer announced Friday (Sept. 6) the launch of its Walmart Style Tour, an in-person event traveling to a series of 40 or...
A new report suggests Americans will slow their holiday spending this year compared to 2023. The annual holiday retail forecast from consulting firm Deloitte, released Thursday (Sept. 12), projects that holiday retail sales for 2024 will increase between 2.3% and 3.3%, to $1.58 trillion to $1.59 trillion between...
Fast-fashion brand Zara is bringing its secondhand clothing marketplace to the U.S. Zara Pre-Owned, which lets customers sell, donate or repair secondhand clothing, is set to launch in the U.S. by the end of October, parent company Inditex announced in its half-year earnings report Wednesday (Sept. 11). The company first introduced...
