retail News Updates

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Walmart Stock Soars 82% in 2024, Leading Retail Industry

Analysts are betting that further market-share gains and increased profit contributions from Walmart’s higher-margin ancillary businesses will extend the stock’s rally.

December 18, 2024
BusinessLogistics

60 Seconds: Trucking Industry Accelerates Hurricane Helene Relief Efforts

As Hurricane Helene’s floodwaters recede, truckers are ensuring supplies reach those in need.

October 8, 2024
GovernmentBusinessLogistics

Port Strike Sparks High Demand for Toilet Paper at Retailers

During visits to Costco stores in northern New Jersey, Oppenheimer analyst Rupesh Parikh said his team “observed behaviors similar to the start of the pandemic.â€

October 3, 2024
BusinessLogistics

60 Seconds: In-Store Shopping Back In Trend

An accelerated transition toward in-store shopping from ordering online is underway and set to aid the nascent #freight environment recovery, according to observers. 

October 1, 2024
BusinessLogisticsFor-Hire

Industry Takes Fresh Look at Reverse Logistics

Reverse logistics — the management and movement of returned goods — is one of the most significant systems in the economy, and one of the most complicated. 

January 10, 2024
BusinessTechnology

Cyber Monday Sales Hit Record $12.4 Billion on Nov. 27

U.S. shoppers spent $12.4 billion on Cyber Monday, a robust result demonstrating the continued resilience of consumers despite dwindling pandemic-era savings and high interest rates.

November 28, 2023
BusinessPrivate

Walmart Attracts Savings-Minded Shoppers, Posts Strong Q3

Walmart extended its streak of strong quarterly gains heading into the holiday season as its low prices attract shoppers looking for deals in a tough economic environment.

November 16, 2023
GovernmentBusinessPrivate

Rite Aid Files for Bankruptcy

PHILADELPHIA — Rite Aid said Oct. 16 that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan.

October 16, 2023
Business

Target Sales Ebb on Inflation, Pride Month Shopper Backlash

NEW YORK — Target’s second-quarter sales were hit by inflation and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise.

August 16, 2023
BusinessLogistics

Can Grocery Stores Save the American Mall?

Between movie theaters, fitness centers and full-on amusement parks, American shopping malls have scrambled for years to attract new visitors to counter plummeting foot traffic. Even before the coronavirus struck, the concept of the mall — once so central to suburban life — was increasingly viewed as an anachronism.

August 19, 2022