Walmart’s CEO says it’s difficult to project what the retailer’s post-holiday sales will look like. Speaking with CNBC Wednesday (Dec. 6), Doug McMillon said that higher credit card balances and reduced household budgets have called into question how much consumers will spend, despite their recent resilience. “If we...
As apparel subscription platform Stitch Fix strives to tailor its offerings for the best results, the company has discovered that private label brands may be the perfect fit. In its latest quarterly earnings call with analysts on Tuesday (Dec. 5), Stitch Fix showcased its merchandising...
The current state of the consumer, a concern that has been regularly reflected during the past quarter at PYMNTS, is very real for DSW’s parent company Designer Brands. Consumers are looking for the best value, and more often than not it can be found in...
The surge in food allergies is molding the culinary scenery, reshaping a once-ignored issue into a major focus within the food industry. Cookie brand Partake is stepping up to address this challenge, providing consumers with a solution that enables them to savor and indulge in...
During this quarter, JOANN opted to refine its retail approach to align better with customer demand. During the craft retailers’ latest earnings call on Monday (Dec. 4), Chris DiTullio, JOANN’s chief customer officer and co-lead of the interim office of the CEO said: “We remain...
As the global economy navigates the twists and turns of inflation, brands and retailers are at a checkout counter of decisions: which aisle to stroll down with their marketing efforts. While the tempting option may be to tailor their strategy toward affluent consumers, who seem...
Shein has applied to go public in the United States. If it succeeds, this could make Shein one of the biggest initial public offerings (IPOs) in recent years. But that’s all we know for now. Or is it? The U.S. Securities and Exchange Commission allows...
The rising popularity of certain weight loss drugs might end up helping apparel makers. That’s according to a recent survey by investment banking firm Stifel, the subject of a Saturday (Dec. 2) report from Seeking Alpha. That survey found that 15% of respondents are on GLP-1 medications...
As the festive season sleighs in and inflation plays Scrooge, one can’t help but wonder: Are folks still decorating their homes with real Christmas trees? As per the Real Christmas Tree Board, findings from a survey covering 55 Christmas tree wholesalers indicate that nearly all of...
