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  1. Trends & External Forces

Consumer prices increased in February

Retail News Reuters The cost of goods purchased by U.S. consumers rose 1.7 percent in February, following a 1.4 percent increase in January. Underlying inflation remains under control as demand for services such as airline travel, which have been curtailed during the pandemic, have yet to rebound. MORE ON THIS STORY… Discussions Check out RetailWire’s […]
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  1. Trends & External Forces

Pharmacists help drugstore customers find affordable meds

Retail News Forbes Sixty-seven percent of American patients discovered that prescribed medicines would cost more than they expected when they went to pick them up at a pharmacy. Fifty-five percent of those asked the pharmacist on duty to help find them a less expensive alternative. MORE ON THIS STORY… Discussions Check out RetailWire’s Engaging Online […]
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  1. CPG: HBC

Unilever will stop using ‘normal’ for hair and skin products

Retail News ABC News Unilever will no longer use the term “normal” on packaging to describe the hair or skin types for its products. “The decision to remove ‘normal’ is one of many steps that we are taking to challenge narrow beauty ideals, as we work towards helping to end discrimination and advocating for a […]
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  1. Trends & External Forces

Panda Express sued over ‘self-improvement’ training seminar

Retail News The Washington Post A Panda Express cashier claims that she was forced to remove all her clothes but her underwear as part of a company-run “self-improvement” seminar in 2019. She was then told to “hug it out” with a crying male coworker who also had to remove his clothing. “This was called a […]
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  1. Channel: Club

Costco has an import problem

Retail News CNN Bottlenecks at West Coast ports have caused delivery delays of some imported cheeses and other products, such as furniture, garden and lawn equipment, olive oils and seafood, to Costco’s warehouse clubs. Costco CFO Richard Galante expects to see improvements in coming months but for the near term the issue will affect the […]
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  1. Channel: Apparel

Adidas’ five-year plan calls for big e-comm investment

Retail News Bloomberg Adidas is looking to drive sales growth at an annual clip of 10 percent and plans to get there with a major investment in its consumer-direct online business. The company would like half of its sales to come from consumer-direct channels by 2025. MORE ON THIS STORY… Discussions Check out RetailWire’s Engaging […]
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  1. Technology & Innovation

IT spending is rising on a lot of unneeded tech

Retail News The Wall Street Journal Global spending on information technology is forecast to grow six percent year-over-year in 2021. A lot of that spending could be better allocated elsewhere. “With COVID, everyone’s seeing digital acceleration, but very few organizations are tracking what they’re getting in terms of business outcomes,” said James Anderson, research vice […]
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  1. Department: Consumer Durables

Americans are buying their clothes online

Retail News CNBC Online sales of clothing jumped 47 percent in February, according to MasterCard. The credit card company reported that almost almost three-fourths of all apparel purchases made last month were made online, up from 47 percent during the same period in 2020. MORE ON THIS STORY… Discussions Check out RetailWire’s Engaging Online Discussions […]
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