Retail is changing and a range of market research indicates that its direction is to give consumers more choice. According to the Adobe Digital Economy Index, online spending in the United States grew 8.6% in the November 1 to December 31 period to an all-time high of...
In moves to boost its digital operation, JCPenney announced that it has appointed Sharmeelee Bala to the post of chief information officer and Katie Mullen to the post of chief digital and transformation officer. Bala assumes responsibility for the information...
In a move to sell beyond its usual confines, Hy-Vee has announced an initiative that will give it the ability to serve shoppers across the United States with a focus on bulk food, pet supplies, and, perhaps surprisingly, home goods. The supermarket operator, with...
Costco Wholesale Corp. rolled on through its five-week fiscal December when it generated double-digit comparable store sales results. Company comparable sales, excluding fuel and foreign exchange rate volatility, gained 11.5% in the period year over year, with comps...
In a tough third quarter roiled by transitional initiatives, supply chain issues and macroeconomic effects, Bed Bath & Beyond posted a net loss of $276.4 million, or $2.78 per diluted share, versus a net loss of $75.4 million, or 61 cents per diluted share, in the...
