With ongoing financial challenges affecting consumers very differently depending on their financial standing, Kroger is seeing its initiative to improve its private-label offerings prove key to getting more budget-strapped shoppers to keep spending. On a call with analysts Thursday (June 20) discussing the grocery giant’s...
Victoria’s Secret is taking a more intimate approach to shopper loyalty, aiming to keep budget-conscious shoppers spending with more personalized messaging as they tighten their purse strings on luxury lingerie. In its first-quarter fiscal 2024 earnings results reported Wednesday (June 5), the lingerie, clothing and...
Still feeling strain on their budgets from ongoing macroeconomic challenges, consumers are cutting out pricy nonessential purchases, according to Big Lots. On Thursday (June 6), the discount home goods retailer, which has more than 1,300 locations across the country, reported lower-than-expected first-quarter fiscal 2024 financial...
A pullback in spending by lower-income consumers led to a decline in comparable sales during the first quarter for Five Below. The value retailer’s comparable sales decreased 2.3% during the quarter ended May 4, compared to the same period a year earlier, Five Below said...
The days of Lululemon’s U.S. growth may be over, but it seems that international shoppers are now springing for the North American athleisure look. The Canada-based athletic apparel retailer shared Wednesday (June 5) in its first-quarter fiscal 2024 earnings results that while sales in the...
Dollar Tree has seen an increase in foot traffic to its stores, but those consumers aren’t buying as much. The retailer, which also is the parent company of Family Dollar, released its first-quarter earnings report Wednesday (June 5) for the quarter ending May 4. Dollar...
Amid ongoing economic challenges, shoppers may be willing to spring for premium fashion service, but as Stitch Fix has seen, they need to know that they are going to be getting enough bang for their buck. These shoppers expect in-depth, personalized guidance, Stitch Fix CEO...
Consumers expect fashion retailers to meet their preferences as they evolve, Gap noted on its latest earnings call, with the rise of eCommerce speeding up the trend cycle and demanding that brands become more agile. On a call with analysts Thursday (May 30) discussing Gap...
As a pulse check on the paycheck-to-paycheck consumer, Dollar General’s most recent Q1 earnings showed that one of the economy’s most closely watched demographic groups is still undergoing changes. By posting better-than-expected revenue, the 19,000-store chain showed more consumer visits compared to 2023, but a...
