by - January 26, 2023 4:27 pm
The retail sector was stable in 2022 after 9,300 retail store closures in 2019 before the pandemic and another 1,800 closures reported through mid-2021. But UBS analysts predict store closures…
by - January 21, 2023 10:46 am
Besides being the nation’s largest retailer, Walmart is slowly becoming a technology company. The Bentonville-based retail titan spent big on technology innovations last year in hopes of adding additional revenue…
by - January 14, 2023 9:42 am
Recession concerns loom among retailers, suppliers and consumers as 2022 ended. Top of mind has been the persistent inflation that continues to squeeze household budgets and retailer margins. Bank of…
by - January 7, 2023 11:04 am
Retail suppliers expect many challenges from 2022 to persist well into 2023, with slower growth predictions that could lead to continued price inflation. Suppliers continue to face logistics disruptions despite…
by - December 27, 2022 9:47 am
Julie Barber, Walmart’s executive vice president of general merchandise, said the retailer continues to face an overabundance of inventory in some categories and inflationary pricing pressures. She said the company…
by - December 17, 2022 8:34 am
Online grocery sales during the COVID-19 pandemic in 2020 and 2021 showed four to five years of growth in 18 to 24 months. Global and regional retailers added online capacity…
by - December 10, 2022 10:04 am
According to the National Retail Federation (NRF), holiday retail sales are likely to be 6% to 8% higher than last year. Online sales are forecast to rise 10 to 12%….
by - November 30, 2022 1:04 pm
Walmart has recently forged a few non-traditional partnerships to ensure consumers who come to stores will have enhanced experiences and the opportunity to shop brands and unlock savings they might…
by - November 26, 2022 10:11 am
Brothers and business partners Quinn and Austin Simkins of Fayetteville, founders of Natural Way Food Group, have been selling homemade peanut butter products in retail since 2017. But after success…
by - November 21, 2022 1:25 pm
Inflationary pricing and rising interest rates have more consumers considering buying secondhand items. The trend once more prevalent among Gen Z consumers — young adults under age 25 — is…
by - November 12, 2022 9:19 am
Walmart is already a top retailer for women’s lingerie, with roughly one-fifth of U.S. consumers purchasing the Secret Treasures brand of intimate apparel or sleepwear in the year ending Jan….
by - November 5, 2022 10:26 am
Jordan-based Classic Fashion has opened its first U.S. production facility in Santa Ana, Calif., to cut and sew apparel for Walmart. The commitment is part of Walmart’s effort to grow…
by - October 29, 2022 9:43 am
When shoppers reach for canned tuna at Walmart stores, they may not know the retailer has worked to ensure its Great Value tuna carries the Marine Stewardship Council seal for…
by - October 24, 2022 1:20 pm
Radio frequency identification (RFID) technology is not new, but the tracking system has become essential for inventory accuracy among retailers concentrated on selling products in different places, aka omnichannel sales….
by - October 15, 2022 9:59 am
The United States may be out of the pandemic. Still, the effects of COVID-19 continue to reveal unforeseen impacts across the retail industry, with theft and shrink ballooning to nearly…
by - October 10, 2022 3:16 pm
Consumer surveys are drawing the same conclusions around holiday sales expectations this year. Deloitte’s annual holiday retail forecast predicts year-over-year sales will increase 4% to 6% for the holiday season,…
by - October 1, 2022 9:11 am
Many retailers have seen net income decline amid shrinking margins in 2022. Still, their capital spending on technology remains a top priority, while they may cut other expenditures if the…
by - September 24, 2022 9:40 am
Once seen as a small possibility, drone delivery for online orders has become a reality for Walmart and some of its competitors. Drone deliveries are increasing with ongoing investments among…
by - September 14, 2022 1:59 pm
Lucas Kemper, Baxter Conley and Melissa Maltarich converged in downtown Bentonville amid the global COVID-19 pandemic to launch a new line of men’s hair care products created out of a…
by - September 11, 2022 9:07 am
A recent survey report from First Insight, a predictive analytics firm, looked at how inflation and consumer attitudes showed that nearly all of those surveyed in April and July are…
