1. Trends & External Forces

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

Written by Posted on Less than 0 min read

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

View Original Article
Member since
Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover topics such as the future of brick-and-mortar, retail technology, e-commerce, marketing, payment technology, in-store operations, omnichannel shopper journey, and more. Retail Dive is a leading industry publication operated by Industry Dive. Our business journalists spark ideas and shape agendas for 7+ million decision makers in the most competitive industries. https://www.retaildive.com/
Do you like RetailDive's articles? Follow on social!

More from RetailDive

  1. Stores & Formats

Digital Brands Group plots 50 stores

The company said its first location will open by March and plans to use it to offload excess inventory, particularly from its Sundry acquisition. View Original Article Acquisition Operations & Supply Chain Brick and Mortar Store Location RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into […]
< 1 min read
0
  1. Owned Brands (Private Label)

US private label sales grew 6% last year, reaching $217B: report

Sales have steadily risen since 2019, but units have plateaued somewhat since their peak in 2020, according to Circana. View Original Article Owned Brands (Private Label) RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, […]
< 1 min read
0
  1. Corporate Strategy

Shutting down Overstock was ‘a fatal mistake’: Beyond executive chairman

Beyond Inc. will reopen Overstock’s online store in the coming weeks in collaboration with Shopify. View Original Article Executives Shopify RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover topics […]
< 1 min read
0
  1. Media & Marketing

Ann Taylor, Loft debut tiered loyalty program

The program allows shoppers to earn and redeem points across the brands’ full-line and outlet stores, as well as online. View Original Article Marketing: Loyalty & Subscription Brick and Mortar Shoppers RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends […]
< 1 min read
0
  1. Corporate Finance

M&A, IPO activity fell throughout 2022

Online retail saw a 32% year-over-year decline in the number of deals in 2022, according to a report from Hampleton Partners. View Original Article Results & Investment Partnerships Start Ups RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. […]
< 1 min read
0
  1. Stores & Formats

Academy Sports and Outdoors plans up to 180 store openings over the next five years

The retailer said it sees a long-term potential to operate over 800 stores nationwide. View Original Article Brick and Mortar RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover topics […]
< 1 min read
0
  1. Department: Food

Beyond Meat’s revamped burger hits shelves

The company’s fourth generation of products is now available at grocery stores across the U.S., including Walmart. View Original Article Walmart Dept. Fresh Brick and Mortar RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, […]
< 1 min read
0
  1. Channel: Mass

Target triples Apple shop-in-shops ahead of holidays

The tech giant now has over 150 branded locations inside Target stores as the two companies expand their partnership.  View Original Article Target Partnerships Brick and Mortar Technology & Innovation Holiday & Events RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news […]
< 1 min read
0
  1. Media & Marketing

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. View Original Article Marketing: Loyalty & Subscription Returns RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends […]
< 1 min read
0
  1. Corporate Strategy

New Solo Brands CEO initiates ‘full strategic review’

Chris Metz says the company will focus in on Solo Stove and Chubbies as it looks to address a lack of product innovation at the company. View Original Article Executives Technology & Innovation RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news […]
< 1 min read
0
  1. Corporate Finance

Klarna adds subscription plan

With an IPO on the horizon, the BNPL firm is offering customers a subscription service for $7.99 per month. View Original Article Results & Investment Marketing: Loyalty & Subscription Start Ups Trends: Finance BNPL RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful […]
< 1 min read
0
  1. Operations & Supply Chain

Nordstrom keeps focus on Rack as Q3 beats expectations

The department store is opening more off-price locations and improving their inventory, but that invites cannibalization of its full-price stores. View Original Article Brick and Mortar Operations & Supply Chain RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. […]
< 1 min read
0
  1. Operations & Supply Chain

Returns are the last, but not least, component of a holiday CX strategy

​[[“value”:” Returns are as much a part of the overall customer experience as purchases. Retailers are looking to get the process right this holiday season, when returns are expected to swell as unwanted gifts make their way back to stores. Returns typically increase around the holidays, with 13% of online orders returned in November and […]
3 min read
0
  1. Channel: Mass

Target names chief digital, product officer

Prat Vemana will lead the retailer’s digital teams as the company continues to invest in the channel.  View Original Article Target RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon warns that profits could vanish in Q4

The e-commerce giant may be shifting to a more cautious approach in order to maintain profitable growth. View Original Article Amazon RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover […]
< 1 min read
0
  1. Stores & Formats

Forever 21 plots 14 new stores

The fast-fashion retailer is facing new competition from resale and even faster brands like Shein, but remains a Gen Z favorite. View Original Article Consumers Brick and Mortar Competition Dept. Apparel RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping […]
< 1 min read
0
  1. Channel: Mass

Target, Macy’s announce seasonal hiring plans

​[[“value”:”Target plans to hire nearly 100,000 workers for the holidays, about the same as past years, while Macy’s is aiming to bring on about 38,000.”]]  View Original Article Associates Target Holiday & Events RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news […]
< 1 min read
0
  1. Stores & Formats

The Weekly Closeout: Louis Vuitton brings on Pharrell Williams, Belk plots more outlet stores

The fashion designer and singer joins the luxury brand as men’s creative director, while the department store plans up to six outlet openings by mid-April. View Original Article Brick and Mortar Dept. Apparel RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and […]
< 1 min read
0
  1. Media & Marketing

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. View Original Article Partnerships Streaming Walmart Marketing: Digital Media Marketing: Loyalty & Subscription RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. […]
< 1 min read
0
  1. Stores & Formats

Five Below sales up nearly 14% as it scoops up Tuesday Morning leases

The retailer is also on track to convert 400 stores to its higher-priced Five Beyond format before the end of the year. View Original Article Brick and Mortar RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The […]
< 1 min read
0
Next