As Kroger and Albertsons’ pending merger faces criticism, the grocers are courting price-sensitive shoppers’ favor. In a co-authored op-ed in The Cincinnati Enquirer, Kroger Company CEO Rodney McMullen and Albertsons Companies CEO Vivek Sankaran pushed back against opposition to the proposed merger. The piece addressed claims that...
Adidas will increase its focus on sports in the U.S. to propel its stateside business. “We want to double down on all of the things that are U.S.-centric, particularly around sport,” Rupert Campbell, president of the company’s North America operations, said in an interview with...
More often than not, pet parents are willing to take extensive measures to guarantee their pets are given optimal care and attention, which entails providing them with the necessary essentials to flourish. This is shared sentiment among big pet players like Chewy, Petco, Mars, and...
Crocs’ better-than-expected Q1 results are currently being attributed to the increasing consumer interest in casualization, comfort, sustainability, and personalization. During Q1, the comfort footwear company, which includes the Crocs and Heydude brands, revealed robust direct-to-consumer (D2C) growth for both labels. Crocs’ D2C revenue increased by...
Despite the setback caused by its investment in Cudoni, a resale platform startup that was forced to shut down due to lack of traction, eBay confirmed during its earnings call on Wednesday (April 26) its continued commitment to doubling down in the category. The company...
For Amazon and Walmart customers, convenience is key for each step — everything from ordering to paying to receiving a delivery order or picking up goods — and few things are more convenient than free services. Amazon Prime and Walmart+ offer members free deliveries, free...
Merchants are working to gain business that used to go to Bed Bath & Beyond. The retailer that declared bankruptcy this week had 35 million customers and a 33% share of registry listings in 2022, and those customers are now looking to shop elsewhere, ModernRetail...
Knowingly buying fakes is taking hold as a cost-cutting trend among younger shoppers. As the high price of luxury goods presents a barrier to purchase for many inflation-constrained shoppers, some Gen Z and millennial consumers have embraced buying fakes, or “dupes,” instead, as detailed in...
Struggling apparel retailer Gap is cutting 1,800 jobs as it looks to reduce expenses. The company announced the layoffs in a regulatory filing Thursday (April 27), in which it said these cuts were part of a plan to “simplify and optimize its operating model and...
