JAT Capital isn’t done with Bed Bath & Beyond after demanding the removal of its CEO. In what a Friday (Nov. 17) CNBC report described as a “scathing” letter, the investment firm has written to the board of the company — formerly known as Overstock — accusing...
While the holiday season brings a myriad of traditions and festivities, one of the quirkiest yet arguably beloved is the ugly sweater phenomenon. While some may not fully grasp its appeal, others are enamored with the trend. But what sparked this festive fashion, and is the...
As Thanksgiving approaches, brands and retailers are pulling out all the stops to gobble up hesitant consumers’ inflated dollars, and Amazon and Walmart are no exception. However, this time, the two retail giants are going head-to-head, and the battleground is the digital arena. According to...
Gap says it’s ready to compete. That’s the latest from Richard Dickson, Gap’s newest president and chief executive officer, who held the retailer’s latest quarterly earnings call on Thursday (Nov. 16). According to Dickson, Gap has not only successfully shifted to a more profitable...
Prices are finally coming down at many retailers. Consumers still may not feel relieved. A report Thursday (Nov. 16) by The Wall Street Journal (WSJ) takes a closer look at the state of the American shopper one week out from Black Friday. As the report pointed...
In the midst of the holiday season, while numerous retailers anticipate a weak consumer spending forecast amid an inventory glut, Macy’s may have set itself apart. The chain has moved to implement AI, enabling the retailer to adjust its inventory based on holiday demand. In...
The rise of eCommerce and the integration of online and offline shopping have shaped the way consumers are making their purchases. Despite a shift toward online sales, however, consumers still prefer to make certain purchases in store, PYMNTS Intelligence has found. These include items such...
As retailers grapple with the impact of consumers tightening their purse strings, TJX is striking a different chord, as shoppers seek value and the most enticing bargains. “We believe we are strongly positioned to be a top destination for gifts this holiday season,” TJX CEO...
Seven months of spending at the register… and now comes an interruption. October’s retail sales decline may prove to be a mere blip. Or maybe not. The latest data from the Commerce Department’s breakdown of where consumers are spending their time and money — and where...
