retail

Macy’s Ends Buyout Deal with Arkhouse, Brigade After Talks Deteriorate

Macy’s Ends Buyout Deal with Arkhouse, Brigade After Talks Deteriorate

The board of the department store Macy’s unanimously decided to terminate its negotiations with Arkhouse Management and Brigade Capital regarding the group’s proposal to acquire the retailer.

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Amazon Prime Day 2024 Projects $14 Billion Profit, Data Analytics Say

Amazon Prime Day 2024 Projects $14 Billion Profit, Data Analytics Say

With Amazon’s Prime Day merely hours away, Adobe Analytics data is expecting that the retailer would receive a $14 billion paycheck.

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Amazon’s Prime Day is Coming Up — Here’s How to Redeem a Gift Card

Amazon’s Prime Day Is Coming up — Here’s How to Redeem a Gift Card

With Prime Day imminent, people could be able to pay for purchases using Amazon gift cards, which can be redeemed using the Amazon website or app.

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PepsiCo, Conagra Seek to Compensate Rising Food Prices with Grocery Deals

PepsiCo, Conagra Seek to Compensate Rising Food Prices With Grocery Deals

Food and snack powerhouses PepsiCo and Conagra Brands announced that they had lower-than-expected revenue and unit sales, citing consumers’ pushback on pricey food items.

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Regulator Tells Amazon to Improve Treatment of Suppliers

Regulator Tells Amazon to Improve Treatment of Suppliers

The British Groceries Code Adjudicator demanded Amazon to take “swift and comprehensive action” to improve its compliance with industry regulations regarding supplier protection or face a formal investigation.

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Uniqlo’s Parent Company Projects 37.4% Quarterly Net Profit Gain

Uniqlo’s Parent Company Projects 37.4% Quarterly Net Profit Gain

Fast Retailing, the Japanese owner of the clothing retailer Uniqlo, reported that it had a quarterly net profit of $720 million in its latest figures in May, an increase of 37.4% from the same period last year.

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Australian State Requires Retailers to Close for Anzac Day, Retailers Slam Decision

Australian State Requires Retailers to Close for Anzac Day, Retailers Slam Decision

The Australian state of New South Wales announced that general retail trade would be closed for the entirety of April 25 every year in commemoration of Anzac Day.

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Costco

Costco to Increase Membership Fees, Marking the First Price Hike in 7 Years

Costco will raise membership fees starting in September, the first in 7 years.

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Barking Mad! Shoppers Slam Australian Retailer Bunnings After Finding Dog Droppings

Barking Mad! Shoppers Slam Australian Retailer Bunnings After Finding Dog Droppings

Several shoppers of the Australian retailer Bunnings Warehouse expressed disgust over its pet policy in stores after a customer shared her experience on social media how she encountered what she claimed were dog droppings.

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Burberry Prepares to Cut Jobs Due to Plummeting Sales

Burberry Prepares to Cut Jobs Due to Plummeting Sales

British luxury clothing retailer Burberry announced that it was making hundreds of jobs redundant after allegedly initiating a restructuring program as a reaction to a drop in profits.

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Walmart Announces Deals Sale to Compete with Amazon’s Prime Day

Walmart Announces Deals Sale to Compete with Amazon’s Prime Day

Walmart is set to hold its Deals sale from July 8 to 11, a week before Amazon’s Prime Day, and is expected to outmaneuver the Amazon event profit-wise as it is open for everyone.

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Amazon to Launch Discount Store to Compete Against Shein, Temu

Amazon to Launch Discount Store to Compete Against Shein, Temu

Amazon revealed plans to launch a dedicated low-price fashion and lifestyle online store to allow Chinese sellers to ship directly to consumers in the United States.

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Target Joins Forces With Shopify to Expand Its Online Marketplace

Target Joins Forces With Shopify to Expand Its Online Marketplace

Target is partnering with Shopify to expand its third-party marketplace platform to better compete with Walmart and Amazon.

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Amazon Partners with Megan Thee Stallion to Promote 2024 Prime Day

Amazon Partners with Megan Thee Stallion to Promote 2024 Prime Day

Amazon revealed that it would be partnering with American hip-hop star Megan Thee Stallion to promote its 10th annual Prime Day event on July 16-17.

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Amazon Plans to Hold Prime Day Sales on July 16-17

Amazon Plans to Hold Prime Day Sales on July 16-17

Amazon announced that its 10th annual Prime Day sales event would be held this year on July 16-17, beginning at 00:01 Pacific Time (05:01 UTC).

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