Category: Retail News
Southeast Asian venture capital firms expect to be pickier in 2023 than in 2022
Venture capital firms in Southeast Asia will probably be pickier next year, with valuations plunging and macro headwinds slowing down growth in 2022. [...]
Costco CEO’s cautious consumer outlook justifies our near-term view on the stock
Costco CEO Craig Jelinek painted a mixed picture Monday, one in which consumers are more vigilant but inflation is cooling. [...]
Millionaires plan to cut their holiday spending due to inflation
Millennial millionaires are the most likely to cut back on spending as a result of inflation, with 100% saying they plan to spend less. [...]
Few stores closed in 2022. UBS says get ready for that to change in 2023, starting with department stores
Challenging store traffic trends, weak sales and pressured margins will be the catalysts for store closures to rise once again, UBS said. [...]
Adults are buying toys for themselves, and it’s the biggest source of growth for the industry
"Kidults" are responsible for one-fourth of all toy sales annually, around $9 billion worth, as they buy everything from Star Wars to Lego products. [...]
‘Porch pirates’ stole an estimated 260 million packages in the last year. How to prevent theft on your doorstep
Package theft is expected to continue rising as more goods are purchased online and delivered to homes, experts say. [...]
Third Point could see big returns from small changes at Bath & Body Works
Dan Loeb's hedge fund expects the retailer can resolve many of its issues by bringing more experience to Bath & Body work's board. [...]
Amazon workers will go on formal strike for the first time in the UK
Employees at Amazon's Coventry warehouse in central England voted Friday to go on strike. [...]
Olive Garden parent company Darden beats estimates, raises outlook
Darden Restaurants, the parent company of Olive Garden and LongHorn Steakhouse, raised its outlook for the year. [...]
Where Walmart CEO Doug McMillon expects inflation to stick around in 2023
Walmart CEO Doug McMillon expects prices to remain elevated and the retail giant is adjusting inventory based on inflation and a consumer spending slo [...]