As storerunners work to meet steady consumer demand and protect themselves against potential West Coast port disruptions, imports at the nation’s major retail container ports should see near-record volume again this month, according to the monthly Global Port Tracker...
Dave Clark, Amazon CEO of Worldwide Consumer and a critical player in the company’s operational expansion during the COVID-19 pandemic, is leaving the company to pursue other interests, the company reported. The move comes as Amazon is addressing overcapacity...
Consumers in the United States want to go back to their old, pre-pandemic shopping habits while maintaining those they developed while COVID-19 kept them homebound, according to a Consumer Pulse study by McKinsey & Co. More people across the country have...
Sales and earnings slipped at Best Buy after the electronics buying binge that occurred during the height of the COVID-19 pandemic. Net earnings in the first quarter were $341 million, or $1.49 per diluted share, versus $595 million, or $2.32 per diluted share, in the...
The International Council of Shopping Centers (ICSC) released its 2022 State of the Marketplaces Industry Report, highlighting how malls and other multi-store retail developments are transforming under challenging, new conditions while seeing foot traffic increases...
