What happens when consumers grow too cash-strapped for discount stores? In some cases, the stores go under. As Bloomberg News reported Sunday (May 26), the economic pressures on lower and middle-income Americans have begun to impact the retailers that cater to them. For example, fashion retailer Rue21, whose...
This Memorial Day, in addition to the usual round of holiday weekend sales, many retailers are getting more targeted about how they can insert their products into shoppers’ summer celebrations. Walmart, for instance, as part of its push to lower prices in competitive categories, is...
Among consumers who expect to have to dip into their savings this year, most expect to do so to afford items and services they need, rather than to treat themselves to nonessential purchases. By the Numbers “The Pessimism About Pay Rises Offsets the Effect of Falling Inflation” installment of...
Wayfair is going all-in on brick-and-mortar as furniture shoppers prove hesitant to fully embrace eCommerce. The home goods online marketplace announced Thursday (May 23) the opening of its first large-format physical location in Wilmette, Illinois, occupying two stories and 150,000 square feet. “We are committed...
As Walmart and Amazon compete to win younger shoppers’ retail spending, the former is looking to capture Gen Z’s imaginations with new digital experiences to secure their engagement and loyalty. Walmart Chief Marketing Officer William White announced Wednesday (May 22) in a LinkedIn Post the...
With consumers cutting back on discretionary spending while trading down to value-focused merchants, Ross Stores is seeing these belt-tightening behaviors prove to be a mixed bag. The company, which operates more than 2,000 off-price stores across the country under its Ross Dress for Less and...
The U.S. car market is reportedly experiencing a surge in inventory levels, prompting automakers to offer significant discounts on their vehicles for the first time in years. This trend, which includes both electric vehicles and non-electric vehicles, has raised concerns about overproduction and the potential...
The retail industry is reportedly witnessing a fierce battle among major players as they compete for the attention of bargain-hunting shoppers. For example, Target’s recently announced price cuts on thousands of items in response to weak quarterly results reflects the intense competition in the market as retailers...
The past few days have seen two of America’s biggest retailers announce major price cuts. When Target this week said it was cutting prices on thousands of products, it was probably doing so to keep up with rival Walmart, Joe Feldman, an analyst at Telsey Advisory Group, told the Financial Times...
