1. Trends & External Forces

Resale market competition heats up and puts pressure on profitability

Written by Posted on Less than 0 min read

The resale market underwent a wave of consolidation in 2022. As the new year begins, retailers will likely place growing emphasis on profitability in the face of more intense competition.

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Channel: Delivery

Domino’s to start using Uber for food orders, shares surge

Shares of Domino’s Pizza surged 10% following the announcement that customers will soon be able to use Uber Eats and Postmates apps to order from the chain. Domino’s has signed a “global agreement” with Uber, making Uber Eats its exclusive third-party platform in the U.S. until at least 2024. The partnership aims to boost Domino’s… […]
< 1 min read
0
  1. Stores & Formats

Barnes & Noble says ‘sensible retailing’ makes for ‘terrible bookstores’

James Daunt, CEO of Barnes & Noble, says the bookstore chain’s comeback is tied to freeing up local stores to determine how best to meet the needs of their customers. He said that “sensible retailing principles” typically lead to “homogenous” stores that are “inherently boring.” View Original Article Executives Brick and Mortar RetailWire Member since […]
< 1 min read
0
  1. Technology & Innovation

Walmart uses AI to inform its security analysts

Walmart has used artificial intelligence technology to find patterns and make sense of the trillions of pieces of data it generates every year. “There’s scale, and then there’s Walmart scale,” said Rob Duhart, Walmart’s deputy chief information security officer. Walmart, which has developed some AI tools in-house, is also looking at generative AI systems to… […]
< 1 min read
0
  1. Department: Food

Blue Bell Introduces Brand New Cinnamon Twist Ice Cream

A new ice cream flavor is set to be released from Blue Bell: Cinnamon Twist. View Original Article Dept. Frozen RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond […]
< 1 min read
0
  1. Channel: Restaurants

Oakland Taco Bell Locations Close Indoor Dining Amid Safety Concerns

Taco Bell customers in Oakland are facing a change in their dining experience. Recent reports confirm that multiple Taco Bell restaurants in the city have closed their indoor dining areas. KRON4 reporters visited two locations, one at 3535 35th Ave. and another at 630 Hegenberger Road, and confirmed the shutdown of their dining rooms. View […]
< 1 min read
0
  1. Channel: Grocery

Giant Eagle makes a switch at the top

Giant Eagle has parted ways with Laura Shapira Karet after 11 years running the grocer. Ms. Karet has been replaced on an interim basis by Bill Artman, formerly president of supermarkets, a 40-year veteran with the retailer. “We’re proud to see someone like him rise through our organization as a leader after starting his career […]
< 1 min read
0
  1. Stores & Formats

Department stores added jobs in March as other retail verticals cut back

The 15,000 jobs added by department stores in March were not enough to offset significant losses in other retail verticals, including appliances, consumer electronics, furniture and home furnishings, according to the Bureau of Labor Statistics. The retail industry lost 15,000 jobs in March. View Original Article Associates Brick and Mortar Consumers Dept. Appliances Dept. Consumer […]
< 1 min read
0
  1. Channel: Dollar/Value

OSHA finds more ‘dangerous safety hazards’ at Dollar General stores

Inspectors from the Occupational Safety and Health Administration (OSHA) found that Dollar General stores in New Jersey and Pennsylvania were putting staff members at risk by failing to comply with federal laws. Dollar General has been fined $15 million since 2017 for blocked emergency exits and other failures to comply with safety measures. The dollar […]
< 1 min read
0
  1. Media & Marketing

Mark Zuckerberg’s Daughter Thought He Was a Cattle Rancher

The Meta founder is raising cattle as a hobby, but his daughter believed it was his full-time job. View Original Article Meta (Facebook) RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that […]
< 1 min read
0
  1. Data & Insights

The Jonas Brothers, Katy Perry, and Other Music Stars Criticize ‘Enormous’ AI Threats

Over 200 artists, including Katy Perry, Billie Eilish, Kacey Musgraves, J Balvin, Ja Rule, Jon Bon Jovi, The Jonas Brothers, and Miranda Lambert, are voicing serious concerns about threats linked to artificial intelligence in the music industry. View Original Article AI Technology & Innovation RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire […]
< 1 min read
0
  1. Uncategorized

6 Hurt After American Airlines Makes ‘Hard Landing’ in Maui

An unexpected turn of events unfolded on American Airlines flight 271 flying to Maui. The plane experienced difficulty during its landing, causing an abrupt halt and resulting in injuries to those aboard. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry […]
< 1 min read
0
  1. Associates & Employees

Private sector hiring cooled in March

Private employers added 145,000 jobs last month, according to the ADP National Employment report. Economists expected 200,000 jobs to be added. ADP revised February’s numbers higher to 261,000 instead of the 242,000 previously reported. View Original Article Associates RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, […]
< 1 min read
0
  1. Corporate Strategy

Nordstrom cuts forecast after Christmas sales disappoint

Nordstrom has lowered its sales and profit outlook for 2022 following a decline of 1.7 percent in the chain’s net sales for the last nine weeks of 2022. Nordstrom Rack, the retailer’s off-price business, saw sales fall 7.6 percent during the same period. “The holiday season was highly promotional, and sales were softer than pre-pandemic […]
< 1 min read
0
  1. Technology & Innovation

Tesla Prepares for Optimus Robot Production

The world might be on the brink of a futuristic shift as Tesla plans to mass produce its Optimus humanoid robots. The renowned electric vehicle and artificial intelligence company, Tesla, is rapidly expanding its workforce in Palo Alto, a strong indication of its ambitious production plans. View Original Article Dept. Fresh Dept. Perimeter Technology & […]
< 1 min read
0
  1. Partnerships & Alt Profit

Nissan and Honda To Explore Joining Forces for EVs

Nissan and Honda announced that they signed an agreement to start a study into the feasibility of a strategic partnership for electric vehicles. View Original Article Partnerships RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years […]
< 1 min read
0
  1. Stores & Formats

Sears Opening New Stores Again Discreetly

Despite common belief among most consumers that the American retailer Sears has disappeared, the truth unveils Sears opening new stores. View Original Article Consumers Brick and Mortar RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years […]
< 1 min read
0
  1. Associates & Employees

Study says remote workers are missing supervision

A potential downside of working in an office is missing the direct supervision that comes with it, particularly for employees who are new to the workforce. “It’s hard to replicate the opportunities for apprenticeship and learning that come from in-person interactions,” said Sara Wechter, head of human resources at Citi. View Original Article Associates Dept. […]
< 1 min read
0
  1. Channel: Specialty & Other

Best Buy flip phone customers unhappy after being disconnected from Lively

Customers using Jitterbug flip phones as part of Best Buy’s Lively service, which sells cellphones and medical alert devices primarily to older people, found themselves without service at the start of the year as a result of Verizon’s planned shutdown of its 3G network. “Nothing is more important to us than the safety of our […]
< 1 min read
0
  1. Technology & Innovation

Tesla Recalls Almost 200,000 Vehicles Due to Rearview Camera Problem

Almost 200,000 Tesla vehicles in the U.S. have been recalled due to a software defect that can prevent the rearview camera image from displaying and, in turn, increase the risk of a crash. View Original Article Technology & Innovation RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion […]
< 1 min read
0
  1. Corporate Strategy

Jessica Alba Steps Down as CCO of Honest Company

Honest Company founder Jessica Alba is stepping down as the chief creative officer of the company she helped found in 2012. View Original Article Editor's Choice Executives RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years […]
< 1 min read
0
Next