TUESDAY MORNING stores across Texas are experiencing liquidation sales in preparation for closure after the retail giant files bankruptcy. The company first filed for bankruptcy in 2020 and closed 265 stores with the remaining 487 undergoing extensive liquidation sales. Tuesday…
We’re returning things at record levels – and that means retailers are starting the crackdown on returns.According to the National Retail Federation, we returned about $816 billion worth of merchandise in 2022. That’s one in five purchases that we’re sending…
MAJOR retailers often subtly add surcharges to orders, which can add up over time. From restocking fees, to processing fees, here are some of the ways three major retailers – Kohl’s, Levi’s, and Urban Outfitters – make their products more…
NEW YORK, June 9 (Reuters) – A gulf in spending patterns between wealthy Americans and so-called “aspirational” shoppers is driving luxury retailers to search out new sources of revenue and, in some cases, to shift their merchandise strategies, several retailers…
Continuing its expansion in the DFW Metroplex, H-E-B has announced plans to open two Joe V’s Smart Shop by H-E-B stores in Dallas, the first locations the multi-format retailer will open outside the Houston area. H-E-B has plans to build…
It’s always fun to test yourself in a multiple-choice quiz with unexpected answers – so here is one for us shopkeepers. I don’t have a good way to make the correct answers hard to read, so no cheating! A. How…
By Philip van Doorn These companies all grew sales while expanding gross profit margins in a difficult environment as pandemic stimulus came to an end and interest rates increased Every earnings season there are retail horror stories but also some…
Michael M. Santiago/Getty Images Macy’s flagship store at Herald Square in New York City. New York CNN — Macy’s, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be…
Think about prevention. “One step every retailer can take is to invest in loss detection,” says Matthew Guiste, global retail technology strategist at Zebra Technologies. “This allows retailers to take low-risk and high-value steps to stem the losses, often before they happen.”…
In the hyper-competitive retail world, the rise of media network platforms such as Walmart Connect or Target’s Roundel continues to grow amid ever-changing consumer expectations. Researchers at the Sam M. Walton College of Business at the University of Arkansas recently…