Shopper discretionary spending trends are impacting Family Dollar parent company Dollar Tree, as paycheck-to-paycheck consumers continue to feel squeezed in an uncertain economy. Dollar Tree, which operates more than 16,000 stores across the U.S. and Canada, faces a challenging retail landscape as inflationary pressures weigh on shoppers,...
IKEA’s biggest retailer has seen profits plunge after cutting costs to attract wary customers. Ingka Group, which runs stores that account for 90% of the furniture giant’s worldwide sales, released earnings Wednesday (Nov. 27) showing net profit of $841.28 million for the financial year ending Aug. 31,...
The Federal Reserve’s Beige Book — released eight times a year, with the latest report debuting Wednesday (Oct. 23) afternoon — offers up a qualitative take on the state of the U.S. economy, spanning 12 districts nationwide. And this time around, amid the puts and...
Recent challenges in key markets, particularly China and the Middle East, have significantly impacted sales for major corporations like Procter & Gamble, which reported a 1% decline in first-quarter net sales, to $21.7 billion, reflecting the effects of a sluggish Chinese economy and ongoing geopolitical tensions...
October 24, 2024
The Federal Reserve’s Beige Book — released eight times a year, with the latest report debuting Wednesday (Oct. 23) afternoon — offers up a qualitative take on the state of the U.S. economy, spanning 12 districts nationwide. And this time around, amid the puts and takes, the general consensus among banks and businesses is that […]
May 17, 2024
Amazon and Walmart may be setting their sights on high-income consumers, but as the two retail giants compete for shoppers’ spending, they are working hard not to lose their lower-income...
January 10, 2024
Once seen as a symbol of luxury and style, True Religion soared to fame in the early 2000s with its unique horseshoe logo and fancy stitching on back pockets. Loved...
September 28, 2023
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...
December 18, 2024
Payments services company Worldline has introduced FlexPricing for independent software vendors (ISVs). The new offering, which Worldline calls the first of its kind, lets ISVs implement flexible pricing strategies that include charging a percentage fee on bank transfer transactions, adding custom fees, and allowing Worldline to take on their billing duties. “FlexPricing empowers partners to enhance their revenue […]
November 27, 2024
IKEA’s biggest retailer has seen profits plunge after cutting costs to attract wary customers. Ingka Group, which runs stores that account for 90% of the furniture giant’s worldwide sales, released earnings Wednesday...
October 17, 2024
Aldi’s latest expansion efforts have it literally in Walmart and Target’s backyards. That’s according to a report Thursday (Oct. 17) by Supermarket News, which notes that one of the German discount grocer’s latest store openings is happening...
October 14, 2024
Discounted drinks are reportedly becoming rarer under the leadership of Starbucks’ new CEO. Brian Niccol became chief executive in August, and the company has since scaled back the array of discounts it has...
