With the possibility of a recession looming in the U.S. in the next two years many question whether retailers that have just gotten by or struggled during good times will be able to survive an economic downturn. “If there’s another recession — and I think there will be soon — everyone gets knocked down,” Mark…
Earnings at mall-based retailers fell 29 percent during the first half of the year, while those operating stores off-mall were up three percent, according to Retail Metrics.
John Mackay, co-founder and CEO of Whole Foods, said that plant-based meat and dairy alternatives are better for the environment than animal-based products. The nutritional benefits of plant-based products, however, are not up to the standards of unprocessed foods.
Nordstrom beat Wall Street’s earnings expectations after cutting costs and excess inventory levels. The retailer’s net earnings for the second quarter came in at 90 cents per share, ahead of the consensus of 75 cents. Nordstrom reported that net sales fell about two percent as the company’s namesake and Rack stores posted declines. Digital sales…
Same-store sales at L Brands fell one percent during the second quarter as an eight percent gain at Bath & Body Works was not enough to offset a six percent decline at Victoria’s Secret.
Select Garmin smartwatches will be the first to allow wearers with a Prime subscription to access up to 50 million songs from Amazon’s Music Unlimited service. The Amazon Music app can be downloaded through Garmin’s Connect IQ store.
Popeyes recent introduction of its own chicken sandwich and subsequent promotion on Twitter has turned into a back and forth between the chain and rivals including Chick-fil-A and Shake Shack.
Weedmaps, a directory of medical marijuana dispensaries and stores selling cannabis products for recreational use, announced it would no longer accept advertising from unlicensed businesses. The company has faced pressure from licensed businesses and state regulators to ban unlawful operators from advertising on the platform. “That is a huge win,” Ryan Kunkel, whose Have A…
Customer traffic to Target stores rose 2.4 percent in the second quarter as more customers took advantage of its in-store and curbside pickup programs. The retailer posted a 3.4 percent gain in same-store sales with an assist from the chain’s digital business, which was up 34 percent for the period.
ThredUP is having a couple of good weeks. The company, which sells second-hand clothing, announced pilot programs to sell its goods in J.C. Penney and Macy’s last week. Now, it’s reporting that it picked up 175 million in funding for its future expansion efforts, which include more partnerships like those announced last week.