Buying knockoff goods may carry a stigma for some consumers, but not Gen Zers. They are not only unbothered buying duplicates (AKA dupes) of brand-name goods, they have begun celebrating knockoffs on social media.
The TJX Companies, parent of HomeGoods, Marshalls and T.J. Maxx, exceeded its own expectations for the first quarter with a sales increase at the top of its forecast and earnings that came in well above the company’s plan.
A university study led by Rensselaer Polytechnic Institute finds rationing generally doesn’t work and emergency authority figures – not retailers – stand the best chance at reducing “panic buying” during disaster-related situations.
Taco Bell says it is out to liberate Taco Tuesdays. The Mexican food-inspired restaurant chain said it has filed legal petitions asking the U.S. Patent and Trademark Office Trademark Trial and Appeal Board to cancel Taco John’s “Taco Tuesday” trademark after 34 years.
Home Depot yesterday reported that its first-quarter sales fell 4.2 percent with U.S. comps down 4.6 percent. The chain is expected to post its first annual sales decline since 2009.
Nutritional supplement retailer Vitamin Shoppe and the other retailers in Franchise Group’s portfolio will no longer answer to Wall Street’s whims as the parent company has announced it is going private.
A Gartner global survey of 499 supply chain leaders taken late last year finds 65 percent anticipate it will be easier to fund new technology investments, with 73 percent of supply chain IT budgets this year to be allocated to growth and performance enhancements, on average.
Shein earlier this month announced the launch of its U.S. marketplace after successful rollouts in Mexico and Brazil.
Christmas Tree Shops entered bankruptcy in early May with a plan to close 10 of its 83 stores, reduce debt and exit within months, but the filing raised concerns about the New England home decor retailer’s survival.
Amazon.com is paying select Prime members $10 to pick up their online purchases rather than get home delivery.
