Evidence that the Fed’s fight to cool the economy might be taking hold can also be seen, particularly with big-ticket items. Sales at auto dealers fell 0.4% last month, and shoppers continued to pull back on appliances, electronics and furniture.
The combination of the nation’s No. 2 and No. 4 grocery chains is likely to face a lengthy antitrust review with an uncertain outcome.
After struggling with product shortages for much of the pandemic, the country’s retailers are now facing an unprecedented glut of unsold merchandise that’s cutting into profits, derailing holiday plans and threatening to drag down broader U.S. economic growth.
The inventory glut that dragged down U.S. retailers over the past two quarters is likely getting worse. For shoppers, that means better deals.
Humankind is a software-as-a-service company whose platform allows retailers to make personal connections with online shoppers. Indianapolis-based venture studio launched the company last fall, and it now has 16 employees.
The holiday sales strategies, announced on Thursday, come amid what is expected to be slower holiday sales growth compared with a year ago.
The chain is owned by TJX Companies Inc. and has 66 stores in 25 states, including five in Illinois, five in Michigan, two in Ohio and one in Kentucky.
The brand, unveiled in August, was created by the Greater Virginia Avenue Corridor Economic Improvement District to market businesses in Fountain Square, Fletcher Place, North Square and Holy Rosary.
Parent company NYC Alliance Group, which owns several clothing brands, began opening Daily Thread stores in the Midwest a year ago and has already grown the chain to more than 40 stores, including at least five in Indiana.
Thousands of businesses use Seafood Watch’s recommendations to inform seafood buying decisions, and many have pledged to avoid any items that appear on the red list.
Shares of Bed Bath & Beyond lost nearly a quarter of their value Wednesday after the struggling home goods retailer announced a restructuring that includes store closures, layoffs and a possible stock offering.
Vibenomics launched the platform, called the In-Store Marketplace, earlier this month. It’s designed as a one-stop shop where retailers can purchase in-store audio and digital advertising from both Vibenomics and other companies.
Consumers remained wary of spending much on non-essentials: Sales were down 0.5% at department stores and 0.6% at clothing stores.
In this week’s episode, Gwendolyn Rogers tells host Mason King she has put a lot on the line over the last eight years to establish and grow the brand, including a hefty financial commitment.
This back-to-school shopping season, parents—particularly in the low to middle income bracket—are focusing on the basics while also trading down to cheaper stores amid surging inflation, which hit a new 40-year high in June.
A Lids University store selling apparel associated with Indiana schools is planned for Castleton Square mall.
Walmart’s move to lower its profit outlook in the middle of the quarter is rare and raised worries about how inflation, the highest in 40 years, is affecting the entire consumer sector.
Toys R Us and its mascot Geoffrey the Giraffe are trying to make another brick-and-mortar comeback ahead of the holiday season, after the brand filed for bankruptcy and closed all of its 800 U.S. stores four years ago.
Havertys Furniture plans to exit its building at Castleton Commons, which it has occupied since 2005, and move less than a mile away to a site with more visibility.
Target is canceling orders from its suppliers, particularly in home and clothing, while slashing prices of goods in a bold move to clear out mounds of unwanted inventory ahead of the critical fall and holiday shopping seasons.
