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Weeks ahead will test retailers’ lofty expectations

The Willow Grove Park Mall is Willow Grove in Pennsylvania. Shoppers climb and descend the escalator. November 14, 2020. Mark Makela | Reuters It is beginning to feel a bit like Christmas. This year, it might not. Retailers hope that consumers will continue to spend with only 24 days before the holiday. The Thanksgiving weekend […]

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Allbirds (BIRD) reports Q3 2021 earnings

An Allbirds store is seen in Georgetown, Washington, D.C. on Tuesday, February 16th 2021. Bloomberg | Bloomberg | Getty Images AllbirdsTuesday’s announcement stated that the company’s third quarter revenues rose by 33% over last year. However, its losses increased as the price of opening more stores and listing its stock made a significant impact on […]

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Omicron fears could shift holiday spending to retail goods, NRF says

Black Friday Sales begin in Simpsonville at The Outlet Shoppes of the Bluegrass on November 26, 2021. Reuters| Reuters During peak Thanksgiving weekend shopping, Americans purchased gifts. the discovery of the omicron variantThis story made national headlines, and it prompted public health officials to take action. Matt Shay of the National Retail Federation stated Tuesday […]

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What Wall Street thinks about Allbirds and buying an ESG-branded stock

On Tuesday, February 16, 2021, a woman passes an Allbirds shop in Georgetown, Washington, D.C. Getty Images| Bloomberg | Getty Images AllbirdsAdidas is a long-standing brand that has focused its efforts on the use of sustainable, natural materials in order to stand out from other brands such as Adidas. NikeBalance and New Balance Wall Street […]

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Cyber Monday online sales drop 1.4% from last year to $10.7 billion, falling for the first time ever

Amazon.com Inc. Packages stand in front a FedEx Corp. Delivery Truck in New York. Getty Images| Bloomberg | Getty Images According to Adobe Analytics data, Monday’s online spending by consumers was $10.7 billion. This represents a decrease of 1.4% from the previous year. Adobe’s latest tally this year marks the first time Adobe has recorded […]

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Lululemon fires back at Peloton in apparel feud with patent lawsuit

One employee stocks clothes at Lululemon Athletica, a London sports apparel store located on Regent Street. Simon Dawson | Bloomberg | Getty Images Lululemonhas filed an anticipatory patent lawsuit against PelotonIn a growing dispute over leggings and sports bras, Lululemon filed a lawsuit Monday against Peloton in the Central District of California. It claimed it […]

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Shoppers are buying from resale retailers more than ever. Here’s why

Bloomberg | Bloomberg | Getty Images These secondhand shops are gaining popularity with customers who value sustainability and rare items.   Big box retailers like Walmart and Target have focused on keeping prices down, and have absorbed the increasing costs in shipping, labor, and materials for shoppers. Other retailers,Similar to Macy’sAnd Kohl’s, have raised prices to keep […]

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Black Friday shopping in stores drops 28% from pre-pandemic levels

Black Friday Sales begin in Simpsonville at The Outlet Shoppes Bluegrass on November 26th, 2021. Shoppers are seated next to one another with bags purchased from different stores. Jon Cherry | Reuters Black Friday traffic dropped by 28.3% when compared to 2019, as Americans began shopping online earlier and shifted their spending more frequently, according […]

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Sustainability is on the wish list this holiday season

SustainAble Home Goods offers a variety of eco-conscious items online, as well as cloth wrapping that can easily be reused. Source: SustainAble Home Goods Children might wake up Christmas morning looking for more handmade gifts than wrapping paper. Accenture surveyed 1,515 U.S. shoppers in August to find out their holiday plans. According to the survey, […]

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Peloton has sued Lululemon in feud over cycle maker’s new apparel line

Cari Gundee uses her Peloton to exercise at home in San Anselmo on April 6, 2020. Ezra Shaw | Getty Images PelotonHas sued LululemonThe leggings manufacturer threatened to sue the linked fitness company for causing them harm earlier in the year. Peloton’s suit against the company was filed Wednesday in Manhattan federal court. It comes […]