‘Kidults’ responsible for one quarter of toy sales
Toys bought by adults (not to be confused with those “adult toys” that come in plain brown packages) are driving most......
Carhartt decides to hire locally, thanks to Michigan grant
Carhartt, the trendy worker-apparel retailer based in Detroit, is taking advantage of a nearly $1 million performance-based grant from the Michigan......
Musk polls Twitter on his fate as CEO and is voted down
Elon Musk, Twitter’s capricious CEO, launched a poll in his Twitter feed on Sunday asking, “Should I step down as head......
With shoppers returning to stores, retail CIOs turn to in-store tech upgrades
Retail technology chiefs pushed their departments to ramp up e-commerce operations quickly during the pandemic in attempts to keep pace with......
New York’s Mayor Adams seeks remedies to retail theft
Mayor Adams put NYC business leaders (including representatives from Target and Starbucks) in a room with law enforcement officials on Friday......
As inflation slogs on, the repo man is working overtime
Car repossessions fell the early months of the pandemic because borrowers took advantage of stimulus checks and got more slack from......
Porch piracy is on the rise, hitting 260 million packages in 2022
According to this year’s report from SafeWise, porch pirates nabbed an estimated $195 billion worth of merchandise from outside homes in......
Last-minute shoppers did their thing on Super Saturday
It will take a while for the numbers to roll in, but anecdotal reports from around the country attest to brisk......
Wall Street eyes earning reports from Fedex and Nike as key indicators
The previous quarterly earnings reports from Fedex and Nike sent investors scurrying. News from the two companies this week are being......
NYC moves put the kibosh on unlicensed weed shops
Would-be merchants of cannabis and THC products in New York say they have been frustrated by the lengthy process and red......
Nike makes Russia store closings permanent
Nike made the decision to suspend retail operations in Russia three months ago in reaction to that country’s invasion of Ukraine.......
Walmart opening four ‘next gen’ automated fulfillment centers
Walmart is opening four “next generation” fulfillment center. The first will go live this summer in Joliet, IL. David Guggina, Walmart’s......
Franchise Group and Sycamore Partners offer takeover bids for Kohl’s
Franchise Group, the parent company of Vitamin Shoppe, and Sycamore Partners have offered separate bids to acquire Kohl’s. Other companies have......
Union creates $1 million strike fund to support Starbucks workers
Workers United is creating a $1 million fund to support Starbucks baristas should they go on strike in the future. A......
Chewy customers spend more every year they shop with the e-tailer
Chewy customers typically spend less than $200 their first year they buy from the site. That grows to over $400 their......
Lululemon raises annual forecast as customers keep spending
Lululemon Athletica raised its full-year sales and earnings forecast as inflation has dampened customers’ desire to buy the chain’s athleisure and.....
Questions arise whether inflation is really ‘greedflation’ at work
Companies have legitimate reasons for raising prices as fuel costs, for example, have grown with Russia’s attack on Ukraine and sanctions......
Driverless taxis pick up fares in San Francisco
Cruise, the autonomous vehicle business unit of General Motors, has received permission from California Public Utilities Commission (CPUC) to begin charging......
U.S. employers added 390K jobs in May
The national unemployment rate remained at 3.6 percent in May as U.S. employers added 390,000 jobs. “There are signs that the......