With retail sales making a comeback in October — growing a little more than half a percent from last month and 5 percent year-over-year (YoY) — the National Retail Federation (NRF) is predicting that when the holidays are over, U.S. consumers will have spent over $1 trillion. That represents a 3.7 percent to 4.2 percent…
Marie Albiges
UK-based Gymshark has signed a deal with Dick's Sporting Goods to bring its athletic apparel to the sporting goods chain, starting with 12 locations. The Gymshark merchandise will be sold in Dick's House of Sport locations, the retailer's experiential retail concept that feature experiences like indoor rock climbing walls, professional golf services, baseball batting cages,…
The parent company managing brands such as Harry's, Flamingo, Lume, and Mando announced that it has acquired Coterie, the rapidly growing premium direct-to-consumer baby care and diapering brand. It's unclear how much Mammoth Brands paid for Coterie, but Forbes reported the deal could value Coterie — a six-year-old brand — at over $1 billion. Coterie…
Initial reports from Amazon.com's Oct. 7 Prime Day Big Deals shows consumers are shifting their spending priorities amid tariffs and inflation concerns, focusing less on flashy tech and more on everyday essentials. The research, provided by Numerator and based on surveys from 780 verified Prime Day Big Deals buyers, reveals that nearly half (48 percent)…
Stanley 1913, maker of the reusable stainless steel water bottle that burst onto the social media scene in 2022 and became a lifestyle accessory for millions, has announced customers can send their used cups and bottles back to the company for recycling and receive a credit for their next Stanley purchase. The Seattle-based company announced…
Seasonal hiring in U.S. retail is expected to drop to its lowest in 16 years, according to a new report by Challenger, Gray & Christmas. The job placement firm said it expects retailers to add less than 500,000 positions for the last three months of 2025; the last time the number was that low was…
Target is promising a large holiday splash amidst a better-than-expected August U.S. sales report, announcing the return of its pre-holiday deals as well as new merchandise and faster delivery. The Minneapolis-based retailer announced its Circle Week savings for its loyalty members will return Oct. 5-11. The Circle membership is free to join, but Target also…
Amazon.com is eliminating its Invitee program that allowed Prime members to share their free shipping benefits with nonmembers outside the household, multiple news outlets reported this week. For 15 years, Amazon allowed members of its loyalty Prime program to share the free, two-day shipping perk attached to a Prime membership with anyone, not just people…
Kroger will lay off nearly 1,000 corporate employees as part of structural changes to its administrative teams across the U.S., multiple news outlets reported Tuesday. According to an internal memo obtained by the Los Angeles Times and other news outlets, the grocer is moving to trim costs and simplify its business model. The affected associates…
Best Buy is expanding its inventory list by launching a third-party marketplace to compete in the e-commerce space, multiple news outlets reported Wednesday. The company launched its digital marketplace Tuesday, saying it more than doubled the number of products available, including entirely new categories and brands. The marketplace is run on the Mirakl platform, which…
U.S. undergarments maker Hanesbrands has been bought by Canadian firm Gildan Activewear in a $2.2 billion agreement, the companies announced Wednesday. Gildan, whose brands include Anvil, Gildan, American Apparel, Peds, and Gold Toe, will pay about $6 per Hanesbrands share. The companies said the transaction was valued at about $4.4 billion when HanesBrands' debt is…
Claire's, once a staple for mall-going tweens and teens, filed for bankruptcy for the second time in seven years on Wednesday, multiple news outlets reported. The company faces about $500 million in debt. CEO Chris Cramer called the decision difficult but necessary in a statement. "Increased competition, consumer spending trends and the ongoing shift away…
Ten months after taking the helm as CEO and chairman of Starbucks and declaring that a massive reset was on the horizon, Brian Niccol told investors during a third-quarter earnings call Tuesday that his company's turnaround efforts were "ahead of schedule" after several quarters of falling sales. “We've fixed a lot and done the hard…
Amazon.com has announced plans to further invest in artificial intelligence with the purchase of a company called Bee that sells a Fitbit-like wristband equipped with AI and microphones, Bee's CEO and co-founder announced on social media Tuesday. Based in San Francisco, Bee advertises its wristband as "wearable AI that understands you." Retailing for $49.99 (plus…
A new survey from the National Retail Federation (NRF) released Tuesday reveals that shoppers are already spending for the back-to-school season in the face of looming tariffs and high inflation. The NRF surveyed 7,581 consumers during the first week of July to find out their shopping habits for the fall back-to-school period. The association found…
