Consumers are increasingly prioritizing convenience when making shopping decisions, leading to the rise of the “one-stop shop” concept. Retailers aspire to offer a comprehensive array of products and services, consolidating everything under a single roof. The real worth of a one-stop retailer, however, goes beyond...
Costco has built its reputation on value-based bulk deals, and it’s an offering that keeps shoppers flocking to its stores. This deep-seated sentiment is confirmed by the retailer’s confidence, as evidenced during its recent fourth-quarter earnings call on Tuesday (Sept 26). Costco announced that its...
Weather can exert an influence on consumer purchasing choices, a phenomenon vividly illustrated by the advisory released by the online fashion giant ASOS in relation to its recent financial performance. ASOS saw a 16% decline in U.K. sales during the last quarter, primarily due to the...
Target is blaming an apparent wave of shoplifting for the closure of nine of its stores. The retailer is shuttering locations Oct. 21 in New York City; San Francisco; Seattle; and Portland, Oregon, according to a Tuesday (Sept. 26) press release. “In this case, we...
Just because you’ve been given the opportunity to grace your products on the shelves of Sephora doesn’t mean your brand will be successful. Take it from brands like Item Beauty and Selfless by Hyram, two brands founded by TikTok stars Addison Rae and Hyram Yarbro,...
Kroger is reportedly looking to compete with Walmart, getting into general merchandise with a superstore format. The grocery giant has begun construction on a 124,000-square-foot location in Plano, Texas, dubbed the “Kroger Marketplace,” according to The Dallas Morning News, which marks the company’s largest store...
Retail crime has become a growing concern for retailers in the United States, with incidents on the rise and significant financial losses being incurred. Shrink accounted for $112.1 billion in losses in 2022, up from $93.9 billion the previous year, the National Retail Federation (NRF) said in...
Dick’s Sporting Goods is hiring fewer seasonal workers for the upcoming holiday season than it did last year. The retailer is looking to hire 8,600 seasonal workers this year, Dick’s Sporting Goods said in a Tuesday (Sept. 26) press release. For last year’s holiday season, the retailer...
In March, The RealReal, revealed that it would be looking to consign its way to near-term profitability. Since its establishment in 2011, this platform dedicated to secondhand goods has not yet managed to generate a profit. While the success of these efforts remains uncertain, the...
