Best Buy US sales slide 13% as inflation, discounting take toll

The retailer is trying to navigate volatility as strong demand in electronics subsides and other players clear out their excess inventory.

By Ben Unglesbee • Aug. 30, 2022

High income shoppers have already spent nearly $9B on beauty in 2022: report

Gen X and millennials are leading spending, according to a report by The NPD Group. 

By Kaarin Moore • Aug. 30, 2022

Explore the Trendline➔

How artificial intelligence is shaping retail

More retailers are leaning on AI as a tool, tapping into the tech to improve customer service and support supply chain functions.

By Retail Dive staff

Burlington falls behind off-price rivals in Q2 as lower-income households feel inflation’s pinch

The retailer's struggle in the period is also a bad sign for apparel sales in general, analysts say.

By Daphne Howland • Aug. 30, 2022

Back-to-school consumers are holding out for discounts

Shoppers have had different priorities this summer and remain focused on saving money as inflation squeezes their budgets.

By Daphne Howland • Aug. 29, 2022

The Backroom: The remains of Sears

Senior Reporter Ben Unglesbee discusses his recent trip to one of the few remaining Sears department stores in the country.

By Retail Dive Staff • Aug. 25, 2022

As others battle inflation, Dick’s says its shopper is ‘holding up very well’

The sporting goods retailer sounded a positive note on several issues challenging the rest of the industry, including inventory and labor.

By Cara Salpini • Aug. 24, 2022

Shoppers await price hikes, seek discounts ahead of the holidays: survey

Consumers say they are stressed about purchasing gifts due to inflation, and 56% want to buy during sales events like Labor Day and Black Friday. 

By Tatiana Walk-Morris • Aug. 24, 2022

Bed Bath & Beyond is at risk of filing for bankruptcy. How did it get here?

The retailer has lost sales and market share all while experiencing mounting losses. And without a leader at the helm, it faces an inflection point.

By Caroline Jansen • Aug. 19, 2022

Rising prices have made shoppers choosey, budget-minded and less loyal — but they’re still spending

With some relief at the pump for consumers in July, retail sales held steady against inflation. But the rest of the year could be tough as the holidays approach.

By Daphne Howland • Aug. 18, 2022

Inflation drives shopping changes for 85% of consumers: survey

Low- and middle-income consumers could bear the brunt of inflation, creating trouble for retailers this holiday season, Morning Consult suggests.

By Tatiana Walk-Morris • Aug. 18, 2022

Home Depot pushes ahead of Lowe’s as it leans on pro customers

A shorter spring impacted sales from DIY customers, but that disproportionately affected Lowe’s, which receives 75% of sales from that cohort.

By Caroline Jansen • Aug. 17, 2022

Target takes 87% hit to operating profit as it resets inventory

The retailer resorted to markdowns after facing sluggish demand as consumers grapple with inflation. Was it a speed bump, or a sign of poor planning?

By Ben Unglesbee • Aug. 17, 2022

Walmart sales rise, profits fall on inflation in Q2

The retailer has gained market share and revenue. But sales and consumer shifts are eating into profits at the same time.

By Ben Unglesbee • Aug. 16, 2022

Walmart picks Paramount as streaming partner for membership plan

Starting in September, Walmart+ customers can access the ad-supported Paramount+ Essential tier at no extra cost.

By Peter Adams • Aug. 16, 2022

Survey: Nearly three-fourths of footwear spend occurs online

A majority of online footwear customers seek user-generated photos and videos when they shop, according to PowerReviews research. 

By Tatiana Walk-Morris • Aug. 16, 2022

Best Buy reportedly cuts store jobs

The retailer recently warned of sales declines as consumers pull back on electronics purchases.

By Ben Unglesbee • Aug. 15, 2022

The Weekly Closeout: Tommy Hilfiger teams with ThredUp, and has inflation finally peaked?

The iconic fashion brand will provide shopping credit for certain items returned to ThredUp. Meanwhile, prices in July were flat month to month.

By Retail Dive Staff • Aug. 12, 2022

Back-to-school challenges marketers as shoppers focus on savings

Brand loyalty is out the window amid economic distress, tasking brands and retailers to find new ways to court once-faithful customers.

By Jessica Deyo • Aug. 11, 2022

E-commerce prices decline for the first time in over two years: Adobe

Online, there may be some relief in sight for high inflation that has rattled both consumers and retailers in recent months.

By Tatiana Walk-Morris • Aug. 10, 2022

US online retail sales to reach $1.6 trillion by 2027: report

Total retail sales are expected to reach $5.5 trillion by that same year, according to Forrester.

By Tatiana Walk-Morris • Aug. 8, 2022

Why running brands are finally making shoes for women

As the sport rises in popularity, brands are breaking from tradition and investing in running shoes that are actually manufactured for a woman’s foot.

By Cara Salpini • Aug. 8, 2022

From revenue drain to loyalty driver: upgrading retail return experiences

Returns management is an expensive business. Managed well, it’s also key to retaining customers, curbing losses and fueling revenue for the long haul.

Aug. 8, 2022

Cowen downgrades Kohl’s as middle-income shoppers spend less on apparel

The retailer and its peers could lose share to discounters as their customers get squeezed by rising prices and cut back on clothing purchases.

By Daphne Howland • Aug. 5, 2022

Consumer wariness comes for Simon-owned retailers in Q2

CEO David Simon told analysts that volatility in retail is “just the way of the world” and downplayed the REIT’s investment in the industry.

By Daphne Howland • Aug. 3, 2022

Anthropologie launches denim recycling program

The company said customers are invited to recycle any type of denim apparel item as long as it's made of 90% cotton or greater.

By Stephanie Arnold • July 29, 2022