Inflation will have a major impact on how consumers approach the upcoming holiday season, according to Bluedot, which tracks customer arrivals at stores and websites. In Bluedot’s third annual Holiday Shopping Habits report, based on a September survey of more...
In a more skeptical appraisal, KPMG had a less buoyant forecast for the upcoming holidays than some consumer studies, with executives expecting retail sales growth of 4.2% over the 2021 season, within the historical growth range of 3% to 5% but flat to slightly...
Bed Bath & Beyond missed Wall Street estimates for the second quarter as sales slid and losses mounted. Net loss was $366.2 million, or $4.59 per diluted share, versus a net loss of $73.2 million, or 72 cents per share, in the year-before quarter. Adjusted for...
Amazon has announced a new service intended to help address logistical challenges related to supply chain that are bedeviling its sellers. Meanwhile, the Teamsters union announced it had developed an internal division aimed at organizing Amazon’s logistics operation....
As it announced the successful completion of financing agreements the day after revealing plans to change the company’s strategic direction, including a re-emphasis on national brands, Bed Bath & Beyond has become the subject of greater scrutiny as to its...
