Amazon.com has made it official. Its annual Prime Day sales event will kick off on July 11 and conclude on July 12. The big question facing Amazon and all its rivals likely to run competitive promotions is whether consumers will use this as an excuse to increase their spending or sit it out as they continue to limit purchases due to inflation.
Retail media networks are on a roll. Ad revenues are expected to increase 9.9 percent to $125.7 billion in 2023 making retailers’ websites the third-fastest growing channel for advertising, according to a new report.
This weekend promises to be a big one for retailers as Americans celebrate not one, but two, holidays with Father’s Day on Sunday and the Juneteenth National Independence Day holiday on Monday.
Stitch Fix has named former Macy’s and Walmart executive Matt Baer its new CEO.
Overstock.com has submitted a $21.5 million bid to acquire Bed Bath & Beyond’s intellectual property and some of its assets as part of the bankruptcy process. The retailer’s stores are not part of the bid.
Americans are projected to spend a record $22.9 billion to celebrate Father’s Day this year, following a slightly down year in 2022, according to research from the National Retail Federation and Prosper Insights & Analytics.
Americans are growing weary of being asked for tips at every turn. That’s the conclusion of two new and separate studies on the subject.
Leticia Miranda, a Bloomberg Opinion columnist, doesn’t think Neiman Marcus Group (NMG) is being entirely forthcoming about why sales fell nine percent in the most recent quarter and earnings before interest, taxes, depreciation and amortization plummeted 25 percent.
Michaels is bringing back its Camp Creatology free kids’ summer craft classes to all of its 1,290 stores this summer.
GameStop CEO Matt Furlong is out and Ryan Cohen, the retailer’s chairman, has been appointed executive chairman, effective immediately.
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