Marie Albiges

With millions of Americans expected to travel this Memorial Day weekend when gas prices are historically high, spending both in-person and online are expected to be higher than ever. In an email to Chain Store Age, Adobe predicted that consumers would spend an estimated $10.8 billion online during the three-day weekend (May 23-25), representing a…

Amazon.com has begun offering all businesses access to its logistics network, regardless of whether the business sells on the e-commerce giant's marketplace. In a press release, Amazon announced that it was opening its freight, distribution, fulfillment and parcel shipping capabilities to all businesses across all industries, including retail, healthcare and manufacturing. "We’re confident we can…

Best Buy announced Wednesday that its CEO, Corie Barry, would be replaced by another executive at the consumer electronics retailer, Chief Customer, Product and Fulfillment Officer Jason Bonfig. Bonfig will succeed Barry on Oct. 31, when he will also join the board. Barry will stay on as strategic advisor for six months following Bonfig's appointment.…

Allbirds, known for its eco-friendly shoes before losing its valuation and closing all full-priced stores, announced this week it was pivoting to become an AI infrastructure business. The company announced Wednesday it had entered into an agreement with an unnamed institutional investor for $50 million and will change its name to NewBird AI, the Associated…

Products from Ace Hardware are now available on Uber Eats nationwide as the hardware cooperative becomes the latest retailer to dive into on-demand delivery services and Uber Eats works to recast itself from the "Eats" part of its brand. The two companies announced the partnership Tuesday, saying it would allow customers who already shop locally…

The Commerce Department's latest U.S. retail sales report — delayed because of last year's government shutdown — shows that Americans spent more than expected in February following three consecutive months of decline. The report comes at a time of extreme consumer wariness: gas prices have reached a national average of $4 a gallon as the…

U.S. private ⁠equity ⁠firm KKR has signed a deal to acquire the bakery chain Nothing Bundt Cakes for over $2 billion, Reuters reported Wednesday. Nothing Bundt Cakes is currently owned by Roark Capital. The fast-growing, Dallas-based chain — made up of mostly franchises — was founded by Dena Tripp and Debbie Schetz in 1997, and…

Lowe's announced this week it was launching HomeCare+, a $99 in-home maintenance services subscription program exclusively for MyLowe's Rewards loyalty members. HomeCare+ will include seven in-home services for regular home upkeep: electric dryer vent cleaning; HVAC air filter replacement; refrigerator water filter replacement; electric water heater flush; garage door lubrication; smoke and carbon monoxide detector…

Target announced on Wednesday it was reducing prices for more than 3,000 "on-trend" items across apparel, home baby, food and beverages for spring. The company said most of the price reductions would be between 5 percent and 20 percent. It's unclear how long the lower prices will last. Cara Sylvester, executive vice president and chief…

Michaels said Monday it is expanding its loyalty program to reward its most loyal customers. The Texas-based company announced a new 9 percent platinum rewards tier for those who spend $1,000 annually. Red members earn 3 percent after joining, and gold members earn 6 percent after spending $300 annually. "These updates reflect Michaels' ongoing commitment…