The world of shopping has been completely upended. With major store closures, bankruptcies and market-moving mergers happening at a record pace, the retail industry is ripe for innovation and poised for change. From food, apparel, home goods and more, there is a land grab for dollars, foot traffic and eyeballs. What do companies need to do in order to succeed in this radical new environment? And where are customers going for what they want?
When it comes to retail employment, job gains are going to those selling things online or supporting e-commerce, not traditional brick-and-mortar sellers.
Mattel's shares fell 6 percent to $14.96, while those of Hasbro dipped nearly 3 percent to $90.75 in early trading. Jakks Pacific Inc <JAKK.O> was down 1 percent at $2.33. The toy retailer will liquidate its operations if its negotiations with creditors do not result in a deal that can help the company to emerge from bankruptcy, Reuters reported on Thursday, citing a source familiar with the matter.
Major mall REITs are opening locally curated food halls at their spaces to lure and retain shoppers, while developers of new residential and commercial buildings count on food halls to help it fetch higher rent from tenants, who would not want to leave because of the amenity.
Major retailers are spending well over $2,000 per square foot to have a storefront in Times Square, which attracts up to 420,000 visitors (mainly tourists) a day. The hefty price tag is worth it given that retailers get exposure 24 hours seven days a week.
Eatertaiment isn't exactly a new concept, but millennials and the consumers' increasing desire for experiences and good food all in one convenient location are driving industry players like Punch Bowl Social and Dave & Buster's Entertainment to grow.
The owner of some 2,800 supermarkets, including Ralphs, Harris Teeter, Fred Meyer and Mariano's, will use benefits from lower corporate taxes to expand services like home delivery, curbside pickup and self-checkout under its broad "Restock Kroger" program to make shopping more convenient and affordable, trading off capital spending for profits. Executives said they were accelerating investment planned for the 2019-2020 and forecast 2018 earnings of $1.95 per share to $2.15 per share, dipping below analysts' consensus target of $2.15 per share, according to Thomson Reuters I/B/E/S.
Instacart CEO Apoorva Mehta explains why Amazon's $13.7 billion acquisition last August was a very good thing for the rapidly expanding online grocery delivery startup.
There's a reason home goods is one of the fastest growing product categories of e-commerce. Wayfair CEO Niraj Shah tells us why the company is shifting away from brick and mortar to cater to millennials.
Some business are cash-only to keep things simple and costs low. But more businesses are going cashless. Yahoo Finance spoke to a few of them to find out why, and what the customer reactions have been.
Costco Wholesale Corp on Wednesday missed estimates for quarterly profit and same-store sales, as the retailer faced stiff competition from Walmart and Amazon in a cut-throat U.S. retail industry. The ...
(Reuters) - Discount store operator Dollar Tree Inc reported holiday quarter same-store sales that missed analysts' estimates on Wednesday, sending its shares down as much as 13 percent in premarket trade.