1. Department & Category

US Retail Spending Inches Up, Gasoline Sales Drive February Rebound

Written by Posted on Less than 0 min read

Retail spending in the United States showed a modest recovery last month, with Americans increasing their purchases, especially in gasoline, according to the latest report from the Commerce Department released on Thursday.

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. Shopper & Customer

JCPenney says it’s in sync with its shoppers

JCPenney has stabilized its finances and is investing in improving the shopping experience with new brands and services that customers want. The chain is also aware of its customers’ challenges and is adjusting to meet their needs. “Our customers are making tradeoffs every day,” said JCPenney CEO Marc Rosen. “We’re very clear and focused on […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon rolling out ‘Buy with Prime’ for merchants outside its platform

Amazon.com will enable merchants outside its online marketplace to make use of its payment and delivery services. In a pilot of “Buy With Prime” launched in April, shopper conversion increased by 25 percent, according to Amazon. View Original Article Delivery Amazon Shoppers RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s […]
< 1 min read
0
  1. Trends & External Forces

Best and Fastest-Selling New Cars in 2024 Ranked

In a recent study by iSeeCars, Toyota emerged as the fastest-selling new car brand from October 2023 to March 2024. View Original Article Predictions and Forecasts 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 […]
< 1 min read
0
  1. Trends & External Forces

NBA star Damian Lillard builds a business from a history of foot injuries

Several foot injuries, including plantar fasciitis, led Damian Lillard of the Portland Trailblazers to launch Move, a sneaker insole company. “Foot health is something that I think a lot of people could really benefit from paying closer attention to,” Mr. Lillard said. “We can do nothing without healthy feet as athletes.” Move had more than […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Third-party sellers game Amazon’s search to earn best-seller label

Some companies selling goods on Amazon.com are putting strong sellers in slow categories so that their items list as a best-seller in the site’s search results. “Customers are less inclined to look closely at details, since they are using a smaller screen and probably shopping and buying faster compared to purchasing on a desktop or […]
< 1 min read
0
  1. Media & Marketing

Facebook parent Meta cutting 13 percent of its workforce

Facebook parent company Meta is laying off 11,000 employees, about 13 percent of its corporate workforce. “At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth,” Meta CEO Mark Zuckerberg wrote in a blog post to employees. “Many people predicted this would be a permanent […]
< 1 min read
0
  1. Stores & Formats

C-stores take a hit from inflation

Consumers purchased 10.3 percent fewer items when shopping in c-stores at the end of 2022. Dollar sales declined 0.3 percent providing evidence of higher prices in the channel. ”If we see people buying fewer items overall to save money, that means they’re pulling back on impulse purchases,” said Emily Moquin, food and beverage analyst at […]
< 1 min read
0
  1. Corporate Strategy

Billionaire Chewy Cofounder Ryan Cohen Takes Over as Gamestop CEO

Billionaire entrepreneur Ryan Cohen, co-founder of Chewy, has taken over as the CEO of GameStop, where he already held the position of executive chairman. Cohen, who owns a 12.1% stake in the company, succeeded former CEO Matt Furlong, who was dismissed after the company reported a larger-than-expected quarterly loss. Cohen won’t be receiving a salary… […]
< 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. Department & Category

U.S. Food Companies Go Deal Hunting as Pandemic Growth Fades

U.S. packaged food companies are gearing up for a wave of acquisitions to restructure their brand portfolios as pandemic-driven growth slows and the impact of price hikes levels off. Last month, Campbell Soup acquired Sovos Brands for $2.7 billion, while Unilever purchased premium frozen yogurt brand Yasso and Mars, the maker of Snickers, acquired Kevin’s… […]
< 1 min read
0
  1. Trends & External Forces

Ford’s Total EV Sales Post $1.3 Billion Loss in Q1

Ford’s EV division, known as Model e, faced a tough start to 2024. View Original Article Predictions and Forecasts 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 conventional […]
< 1 min read
0
  1. Media & Marketing

Mark Zuckerberg Is Raising Cows on Diet of Beer and Macadamia Nuts in Hawaii

The tech giant let his Facebook followers in on his latest passion project on his Kauai farm. View Original Article Dept. Adult Bev Dept. Beverage Marketing: Social Media Technology & Innovation Meta (Facebook) RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a […]
< 1 min read
0
  1. Department: Consumer Durables

Adidas is trying to decide what to do with $1.3 billion in Yeezy merch

Adidas’ profit and loss statement has been negatively affected by the company’s decision to end its business relationship with Ye, formerly known as Kanye West, after he made a series of antisemitic statements. The athletic wear manufacturer is trying to determine the right path to ridding itself of $1.3 billion Yeezy merchandise. View Original Article […]
< 1 min read
0
  1. Acquisitions, Divestitures & Mergers

Sonic the Hedgehog’s parent to acquire Angry Birds

Sega has reached a $774 million deal to acquire Rovio Entertainment, the maker of the Angry Birds game and franchise. “Among the rapidly growing global gaming market, the mobile gaming market has especially high potential, and it has been Sega’s long-term goal to accelerate its expansion in this field,” said Haruki Satomi, the CEO of […]
< 1 min read
0
  1. Trends & External Forces

Drought is costing U.S. cotton industry billions of dollars

The combination of too little rain and extreme heat is decimating the cotton crop in Texas, where 40 percent of the nation’s total is grown. “It’s been one of the harshest growing years that we have ever seen historically, all the way back to the 1950s,” said Kody Bessent, CEO of Plains Cotton Growers. The […]
< 1 min read
0
  1. Partnerships & Alt Profit

T-Mobile Reveals Quarterly Results and Discusses SpaceX Partnership

T-Mobile reports an average quarter yet remains optimistic about its future growth and its partnership with SpaceX. View Original Article Results & Investment Partnerships Predictions and Forecasts 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. Channel: Club

TaylorMade Sues Costco Wholesale’s Kirkland Signature

Costco Wholesale made significant ripples in the golf world with the launch of its Kirkland Signature Players Irons last month. However, not everyone welcomed this incursion. View Original Article Costco 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 […]
< 1 min read
0
  1. Department: Nonfood

Household debt report includes worrisome data

U.S. household debt rose by $394 billion in the fourth quarter of 2022, the largest quarterly increase in 20 years, according to data released by the Federal Reserve Bank of New York. Credit card debt had its biggest jump since figures began being tracked by the Fed in 1999. Loan delinquencies also picked up, leading […]
< 1 min read
0
  1. Uncategorized

Peloton Ends Free App Access Amidst Subscriber Struggles

Peloton has ended its unlimited free app membership, less than a year after its introduction. View Original Article 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 conventional headline […]
< 1 min read
0
  1. Shopper & Customer

Lab-Grown Beef Rice Promises a Less Expensive High Protein Source

Lab-grown beef rice is the newest superfood, and scientists say it could be a high protein source for consumers. View Original Article Consumers 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
Next