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Retail sales jump nearly 6% in October

But volumes were down as higher prices continue to pressure households ahead of the holidays.

Updated Oct. 16, 2022

DTC kitchenware brand Our Place opens first physical store

The brand wants to open more locations in New York and Los Angeles as part of its offline expansion plan.

Hasbro looks to unload eOne entertainment studio

The toy giant bought the business for $4 billion in 2019. It plans to retain some production capabilities to support projects around key brands.  

Herschel Supply opens first US store as it plots expansion

The 2,500-square-foot store will be in New York City’s Flatiron District and will feature a space dedicated to local artists and community events.

Deloitte: Shoppers to spend an average of $500 during Black Friday week

Families of all income levels are planning to increase their spending during the holiday, as well as their reliance on credit cards.

Bloomingdale’s debuts virtual department store for the holidays

A multi-branded space features shopping experiences from Ralph Lauren, Nespresso and Chanel.

USPS better equipped for 2022 holidays after past peak struggles

The Postal Service will be less reliant on “peak season heroics” this year, an agency representative said at a House subcommittee hearing.

Amazon CEO signals more layoffs to come in 2023

After announcing job cuts this week, Andy Jassy said the company would eliminate more roles, including in its team devoted to stores.

Home Depot, Lowe’s post strong Q3 results despite inflation

The retailers are leaning on their pro customer segments as demand for DIY projects wanes and customers tighten their budgets.

7-Eleven to offer a year of free delivery during Black Friday

New Gold Plus members who sign up between Nov. 25 and Nov. 28 get free shipping on over 3,000 items, including food and alcohol.

Goat to offer rare items, exclusive sneakers during Black Friday event

The marketplace wants to create an immersive online shopping experience during its annual holiday event.

With inflation and recession fears looming over the holidays, are retailers still able to market joy?

Brands need to be strategic with their advertising this season as consumers tighten their wallets and seek out deals.

New chief Mary Dillon details plans to ‘simplify’ Foot Locker business, improve e-commerce

As Dillon sets her strategy, the retailer will no longer expand into Japan and is winding down two European ventures.

Adidas creates ‘Virtual Gear’ product category as it preps for metaverse future

The athletics brand also released its first collection of NFT wearables as it accelerates a “community-based, member-first, open metaverse strategy.”

Gap Inc. recovers in Q3 despite Yeezy debacle and heavy discounting

The apparel retailer swung to a profit, and, in a surprise, its once-dormant Banana Republic label led the way.

Dollar Tree hires 4 new C-suite executives

In a continued leadership shakeup, the company named chief compliance, diversity, sustainability and communication officers. 

Google enhances AR search tools to help harried holiday shoppers

Offerings for the beauty and sneaker categories allow consumers to get a better sense of what a product looks like without having to step into a store.

Macy’s maintains inventory discipline for a solid Q3

The department store has plenty of fresh merchandise for the holidays, though inflation makes Q4 murky, executives said Thursday.

How retailers are connecting the metaverse to the real world and revenue

Brands are diving into virtual environments to connect with young consumers. But are these digital spaces just billboards for brands, or can they have tangible benefits?

Kohl’s pulls guidance as it buckles up for discount-heavy holiday season

The retailer’s profits and sales continued their slide in the third quarter. Now it is headed into the most important period without a CEO. 

Amazon confirms layoffs

The company is consolidating teams following reports earlier in the week that said the e-commerce giant was firing thousands. 

Gift giving meets revenge living: Why experiences are so important this holiday season

Consumer spending this year could meet last year’s totals, but with fewer gifts expected to be given, landing the sale just got harder.

Casper refinances debt with new $80M credit facility

The funds will be used to retire another loan, as well as to support the capital needs of the business.

Walmart’s inventory glut recedes

Markdowns and canceled orders helped the retail giant trim excess inventory by a third in Q3.

Target’s profits tumble again, casting a shadow over the holidays

Another disappointing quarter points to pressures on consumers, but some analysts also took the retailer to task for its performance.