Cost Plus World Market Adds Stores In Oklahoma, Kentucky
Cost Plus World Market has opened new stores in Norman, Oklahoma, as well as Lexington, Kentucky.
Retail
Wayfair Enhances Mobile App
Wayfair has introduced new features to its mobile shopping app that make it easier for consumers to discover products and design their rooms on the go.
Macy’s Heats Up Holiday Promotions
The holiday promotions are heating up, with Macy’s the latest retailer to showcase its upcoming Black Friday and Cyber Week specials.
Sundance Adds Ohio Store
Lifestyle retailer Sundance is opening a new store in Kenwood, OH. The metro Cincinnati location will host a grand opening weekend celebration beginning on Thursday, November 14, with a ribbon-cutting at 4 p.m.
NPD: Consumers Expect To Spend More On Holiday Gifts
Weeks before the Thanksgiving holiday and what traditionally was the start of the holiday shopping season, consumers have been out buying gifts. But for many, the annual trek to their favorite store or local mall has not yet begun.
Alibaba Sales Surge With Singles Day Event
Alibaba kicked off its 11.11 Global Shopping Festival on November 11 at midnight in China, and, in the first minute and eight seconds, gross merchandise volume (GMV) settled through the Alipay service reached $1 billion. In the festival’s first hour, Alipay GMV reached $12 billion.
Overstock Q3 Sales Drop But Loss Improves
As it shifted gears to a focus on profitability rather than market share, Overstock cut its year over year losses in the third quarter although sales declined significantly as a result.
Ace Hardware To Host ‘Thanksgrilling’ Store Events
Ace Hardware is kicking off its first-ever Thanksgrilling events this year to help inspire consumers to make their Thanksgiving meal with unique recipes and grilling tips and tricks.
Williams Sonoma Opens California Outlet Store
Williams-Sonoma has opened a Williams Sonoma Home outlet store in Vacaville, CA.
Kohl’s Launches Gift-Giving Marketing Campaign
Kohl’s is looking to inspire gift givers with product newness and a range of deals this holiday season. The retailer said that its new marketing campaign, “New Gifts at Every Turn,” will recognize and reward the gift giver’s effort, excite customers with product newness and spotlight Kohl’s Cash.
NPD: Generation X Pegged As Top Holiday Spenders
As the holiday season draws near, NPD analyzed the anticipated holiday spending plans of each generation. And, it found, each generation’s holiday shopping plan looks different, according to insights from the 2019 Holiday Purchase Intentions Survey from The NPD Group.
Hudson’s Bay Completes Sale Of Lord & Taylor
Hudson’s Bay Company has completed the sale of Lord + Taylor to Le Tote, a leading fashion rental subscription service, for $75 million in cash and a secured promissory note for $25 million payable in cash after two years, subject to customary adjustments.
BJ’s Wholesale Club Kicks Off Black Friday Savings
BJ’s Wholesale Club has revealed its Black Friday deals and doorbusters, including early access to Black Friday savings on a range of housewares.
Qurate Posts Mixed Q3 Results
A tough third quarter still included a few bright spots for Qurate Retail, as the company continued to integrate its QVC and HSN businesses.
Oprah Unwraps ‘Favorite’ Housewares In 2019 Gift Guide
Oprah has revealed her housewares picks for her annual “Oprah’s Favorite Things” 2019 gift guide.
NRF: Imports Expected To Slow At The Start Of 2020
Imports at the nation’s major cargo ports are expected to see one more boost in November before falling off in December and into the New Year, according to the National Retail Federation.
Sears To Close 96 More Stores
Transformco, which purchased substantially all of the assets of Sears Holdings Corporation in February 2019, is continuing to streamline its operations and will close an additional 96 Sears and Kmart stores.
Best Buy Releasing Black Friday Daily Doorbusters
Best Buy has released its Black Friday ad featuring thousands of deals, and the retailer is giving consumers more opportunities to purchase from the deals and doorbusters before Thanksgiving Day.
eMarketer: Mobile Will Shine As Holiday Sales Gain 3.8%
Although economic uncertainty and a shorter timeframe will weigh on year-end seasonal purchasing, eMarketer is forecasting total holiday retail sales growth of 3.8% to $1.01 trillion versus 2.4% in 2018.
CVS Maintains Momentum In Q3
CVS Health maintained momentum in the third quarter, as the retailer beat analyst estimates and saw retail comparable sales gains.