Demystifying eCommerce Software Selection: Insights from a Retail Tech Insider
June 6, 2023 : In the ever-expanding realm of eCommerce, selecting the right software can be a daunting task. The market is saturated with a vast array of options, and the rapid growth of online retail, coupled with the disruptive impact of the pandemic, has further complicated the decision-making process. To assist retailers in finding the right fit, many turn to third-party marketing agencies with expertise in pairing eCommerce software solutions with their specific needs.
Rising Inflation Leads Consumers to Reduce Restaurant Visits Instead of Trading Down, Report Finds
June 5, 2023 :During the Great Recession, consumers sought out bargains and opted for cheaper dining options to cope with financial constraints. However, a recent report from AlixPartners reveals that as inflation continues to squeeze their budgets, consumers are now more likely to reduce their restaurant visits altogether.
Macy’s and Kohl’s Struggle to Make Progress Despite Efforts
June 1, 2023 : Last year, amid misguided claims of a department store revival, industry experts missed the true state of affairs. As a staunch advocate against misinformation, I’ve been debunking this notion for years, reiterating the point last year, and it’s now painfully clear that without radical action, the unremarkable middle will continue its collapse. Moderate department stores, in particular, have been passive bystanders to the changes of the past two decades, serving as a prime example of this decline. Let’s delve into the details.
FMCG Brands Draw Parallels Between Plastic and Cigarettes as Mars Tests Paper Packaging
May 31, 2023 : The comparison between single-use plastics and cigarettes may not be far-fetched, according to Wai-Chan Chan, the managing director of the Consumer Goods Forum (CGF). Chan believes that a significant shift in consumer behavior is already underway, positioning single-use plastics as the cigarettes of the new generation.
Walmart (WMT) Raises Full-Year Guidance as Online Sales Surge
May 26, 2023 : Walmart (WMT) delivered impressive results for the first quarter, prompting an upward revision in its full-year outlook. The retail giant reported a remarkable 26% surge in online sales, contributing to a 7.7% year-over-year increase in revenue, totaling $152.3 billion. This figure surpassed the analyst average by $4.4 billion, underscoring the success of Walmart’s substantial investments in bolstering its online presence.
Celebrate Your Graduation with a Complimentary Dozen of Krispy Kreme Donuts for the Class of 2023
May 25, 2023 : Attention, graduates of 2023! Are you on the hunt for the perfect graduation gift? Look no further because Krispy Kreme, the renowned donut giant, has an irresistible offer just for you. They are generously giving away a complimentary dozen of their delectable Original Glazed Donuts to celebrate your milestone achievement.
Retail Powerhouses Clash: Walmart and Amazon Dominate, Target, Home Depot, and Lowe’s Struggle
May 24, 2023 : The Q1 2023 earnings season has unfolded with a varied outcome for America’s retail powerhouses, leaving behind a mixture of results. Amazon and Walmart emerged as industry titans, while Target, Home Depot, and Lowe’s faced some obstacles. These developments occurred in an environment where the retail sector strives to find stability amidst evolving consumer behavior and a return to pre-pandemic trends.
WHP Global and Express Inc. Join Forces to Acquire Bonobos in a $75 Million Deal
May 23, 2023 :Bonobos, the renowned men’s trouser brand founded by Andy Dunn, has once again changed ownership. After being acquired by Walmart Inc. in 2017 as part of its venture into digitally native brands, Bonobos has now been purchased by global brand management group WHP Global and fashion retailer Express Inc. In April, both companies announced a definitive agreement for the acquisition.
Intimissimi, Italian Lingerie Brand, Expands to Texas with First Store in Dallas Galleria Mall
May 22, 2023 : Intimissimi, the renowned Italian lingerie brand, is set to open its first store in Texas at the bustling Dallas Galleria Mall, bringing a touch of European intimacy to the Lone Star state. With its successful e-commerce presence, Intimissimi has recognized customers’ enthusiasm in this populous state and has chosen a location larger than its typical stores.
Walmart Exceeds Q1 Earnings Expectations with Strong Performance in Grocery Business, Raises Full-Year Guidance
May 22, 2023 : Walmart Inc. has released its first-quarter 2023 earnings report, showing positive results despite challenges faced by the retail industry. The world’s largest retailer reported total revenue of $141.6 billion, a 2.4% increase. However, the company experienced a negative impact of $5 billion due to divestitures. Walmart raised its full-year guidance as earnings exceeded expectations, partly driven by growth in the grocery business.
