Retail sector

“It’s just an arms race.” How to Make the Most of Amazon’s Upcoming Prime Day Deals and Targeted Deal Days

The holiday season shoppers get a head start on the season, and a few popular retailers are paving the way. Amazon recently announced the launch of a two-day “Prime Early Access Sale” on October 11, and Target is running its own “deal days” starting October 6. “It’s just an arms race,” said Jeffrey Galak, associate …

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Bed Bath & Beyond reports a 28% drop in sales as it presses ahead with its turnaround plan

Bed Bath & Beyond said Thursday that sales fell 28% in the fiscal second quarter, as the home goods retailer struggled to attract customers. Shares rebounded in pre-market trading, as investors evaluated the report. The company’s stock has been volatile, fueled in part by stock frenzy as well as drastic changes in its business. The …

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Walmart enters the metaverse with Roblox experiences aimed at younger shoppers

Walmart is entering the metaverse with two experiences that premiere Monday on online gaming platform Roblox. The retail giant’s first foray into the virtual world will include balloon-dropping toys, a music festival with great artists, a range of different rides, and a virtual merchandise store, or “verch,” which matches what customers might find at Walmart’s …

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What Kroger, Walmart, and Target learned from China’s Alibaba about the future of groceries

Now, after 140 years in business, Cincinnati-based Kroger has speeded up its push into digital retail during the pandemic, and the grocery store chain isn’t looking back. Kroger has adopted an omnichannel strategy, integrating out-of-store or in-store sales with online ordering and logistics. The concept originated in China in 2016 when the founder of e-commerce …

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The CEO says Patagonia’s bold move to donate the entire company to fight climate change only works if it remains competitive in the business.

A Patagonia store sign is seen on Green Street on September 14, 2022 in New York City. Yvon Chouinard, founder of Patagonia, his wife and two adult children have announced that they will be giving up ownership of their nearly $3 billion company. The company’s private equity will now be owned by a climate-focused trust …

The CEO says Patagonia’s bold move to donate the entire company to fight climate change only works if it remains competitive in the business. Read More »