Retail News

Convenience stores are losing a fair bit of business over perceptions that many of their products are too pricey, according to recent data. “The convenience channel is more expensive to buy these sorts of products in, and that’s likely driving down some of that unit consumption,” said Chris Costagli, vice president of food thought leadership at NielsenIQ (more).

Target has named former Walmart exec Jeff England as its new chief supply chain and logistics officer. “I’m confident in the strategy and priorities that have been set, and I believe deeply in the impact that a reliable and agile supply chain network can have on the pace of growth,” England said of his new position (more).

DoorDash data is now suggesting that 22% of diners have used an AI tool to help them choose a restaurant. Further, the data suggested an expectations gap, with three-quarters of diners feeling comfortable with an AI agent answering the call for reservations — and only 28% of restaurant operators deploying AI in this fashion (more).

Home Depot scored several wins on its Q1 report card, with sales rising to $41.77 billion (up ~5%), as well as EPS at $3.43 adjusted against $3.41 anticipated. “The homeowner in a relative sense is perhaps more protected financially than other customer cohorts and so we continue to see engagement,” finance chief Richard McPhail said (more).

Off-price retailers continued to press their foot traffic advantage over department stores in Q1 2026, picking up 65.7% of combined visit share. In the category, Ross Dress for Less exhibited the most strength, with TJ Maxx and Marshalls showing signs of recent pullback (more).

Lululemon is fighting back against activist founder Chip Wilson, with the latter attempting to engage in an ongoing proxy battle with the athleticwear retailer. Lululemon urged its shareholders to support its three board candidates versus Wilson’s, stating that Wilson has “outdated perspectives” and “troubling conflicts of interest” that could hamper its turnaround goals (more).

Target is now facing pressure from activist investors regarding two seats on its board. A group comprised of Mercy Investment Services, SOC Investment Group, and Trillium Asset Management urged shareholders to vote against re-seating former CEO and current executive chair Brian Cornell, as well as lead independent director Christine Leahy (more).

Shein is poised to acquire DTC basics brand Everlane in a deal worth ~$100 million, according to Puck. Early reports indicate that common stock shareholders will receive no payout, while details on those holding preferred stock remain scant at this point in time (more).

QuikTrip has now launched its latest Generation 4 convenience store remodel near its home base in Tulsa, with Wichita, Kansas and Joplin, Missouri also seeing new locations adopt the layout. “Gen 4 shows what happens when you design around the people who know our customers best and give them the tools to serve them even better,” QuikTrip Corporate Communications Manager Aisha Jefferson said (more).

U.S. Polo Assn. has opened a new flagship in Miami, and has plans to open a second in NYC’s Times Square soon. “Situated in Bayside Marketplace, one of the busiest and most important international retail destinations in Miami, our U.S. Polo Assn. Bayside Miami Global Flagship truly reflects the scale, energy, and heritage of our multi-billion dollar sports brand,” said J. Michael Prince, president and CEO of USPA Global (more).