Category: Retail News
Bright lights and snazzy mannequins: Walmart rolls out sleek new store designs
Walmart is rolling out the sleeker look as it attracts higher-income households with lower-priced groceries. [...]
🗞️ Wholesale Newsletter – January 2023
Hello all!
We will be sharing some of the latest news to keep you informed and up-to-date on everything in the wholesale industry. Tips n’ tricks, ad [...]
Target is poised to benefit from Bed Bath & Beyond’s demise, Oppenheimer says
Bed Bath & Beyond's potential bankruptcy could bode well for Target as the retailer picks up the sales from more store closures, Oppenheimer said. [...]
Hasbro warns of weak holiday quarter results, cuts 15% of its workforce
Shares of toymaker Hasbro fell after the bell after the company said it would cut around 1,000 jobs and warned of weak fourth-quarter results. [...]
Luxury retailer LVMH is optimistic as it sees Chinese shoppers and tourists returning
LVMH's cautious optimism echoes positive comments earlier this month from Burberry and Swatch. [...]
Bed Bath & Beyond shares plunge after retailer warns it doesn’t have the cash to pay down debts
Bed Bath & Beyond again warned of potential bankruptcy, saying it doesn't have enough cash to pay down its debts. [...]
Dollar General hit by more worker safety fines at Florida, Alabama stores
Dollar General was hit with $387,000 in fines for worker safety violations at three Southeast stores, the Department of Labor said Thursday. [...]
Canada Goose and other retail stocks will see a lift from China’s reopening, according to Wells Fargo
Certain retailers with high exposure to Chinese sales will likely see a boost from the country's reopening. [...]
Walmart-owned Sam’s Club plans to open about 30 new stores over next five years
Sam's Club is expanding after seeing sharp gains in sales and membership during the pandemic. [...]
Chipotle seeks to hire 15,000 restaurant workers ahead of busy spring months
Layoffs have hit white-collar workers, primarily in the tech industry, but low-wage retail and restaurant workers haven't faced any large-scale cuts. [...]