Category: Retail News
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 [...]
Bank of America downgrades Best Buy, says stock could fall nearly 20% as inflation hurts spending
The investment case for Best Buy looks murky as retailers face a slowing consumer spending environment, Bank of America says. [...]
Jim Cramer’s Investing Club meeting Tuesday: Inflation cools, stock trim, Eli Lilly
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
As inflation runs hot, Dollar General’s new Popshelf stores chase wealthier, suburban shoppers
Dollar General said it sees opportunity to grow to 3,000 Popshelf stores across the country. [...]
Supreme Court upholds California ban on flavored tobacco
The Supreme Court on Monday rejected a bid from the tobacco industry to block a California ban on flavored tobacco products. [...]