#retail-challenges

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fromBusiness Matters
2 weeks ago

Mike Ashley's Frasers Group warns of 'dark clouds' ahead amid flat profit forecast

Frasers Group anticipates adjusted pre-tax profits between £550 million and £600 million for the new financial year, reflecting little to no profit growth due to economic uncertainty and potential tax rises.
E-Commerce
#cracker-barrel
more#cracker-barrel
#uk-economy
more#uk-economy
fromFortune
1 month ago

Victoria's Secret hired a superstar CEO to turn around the flagging brand. But a 50% stock drop has activist investors circling

Wireless bras are gaining popularity, especially among millennials as led by Victoria's Secret's new product line.
CEO Hillary Super's leadership is seen as a breath of fresh air amidst the brand's challenges.
Victoria's Secret is under pressure from activist investors for potential board changes.
fromSourcing Journal
1 month ago

In-Store Returns for Online Orders Are Crushing Retailers, Survey Shows

While many retailers see in-store returns as an opportunity for sales, only 17% of consumers actually make additional purchases during these returns.
E-Commerce
fromwww.bbc.com
1 month ago

Mayor to move ahead with Oxford Street traffic ban

"No convincing plan has ever been presented; London is already a very slow city and will get worse." Tim Lord raises concerns about pedestrianisation's impact on traffic flow.
London politics
#rite-aid
fromFast Company
1 month ago
Retirement

Rite Aid store closures update: Latest list for June includes hundreds of doomed locations in 14 states

fromFast Company
1 month ago
Retirement

Rite Aid store closures update: Latest list for June includes hundreds of doomed locations in 14 states

more#rite-aid
Fundraising
fromArs Technica
1 month ago

American Science & Surplus is fighting for its life. Here's why you should care.

American Science & Surplus faces financial challenges and has started a GoFundMe campaign to survive against retail giants and the impacts of COVID-19.
fromDatabreaches
3 months ago

Marks & Spencer breach linked to Scattered Spider ransomware attack

Marks & Spencer experienced a ransomware attack by Scattered Spider, leading to significant operational disruptions.
Canada news
fromwww.cbc.ca
3 months ago

Duty-free shops struggle to make ends meet as Canadians steer clear of U.S. | CBC Radio

Duty-free shops in Canada are experiencing significant declines in business due to reduced cross-border travel.
Stores may face layoffs if customer traffic does not improve soon.
fromLondon Business News | Londonlovesbusiness.com
3 months ago

High street sales flatline as retail sector faces challenging April - London Business News | Londonlovesbusiness.com

Retail sales in discretionary categories grew 1.8% in March but still fell below the previous year's levels.
In-store sales growth is insufficient against inflation and past sales performance.
NYC startup
fromBusiness Insider
4 months ago

Pulse check: 6 months of Brian Niccol's 'Back to Starbucks' plan

Brian Niccol is implementing a turnaround strategy at Starbucks, focusing on enhancing customer experience and addressing operational challenges.
fromBikeMag
5 months ago

Bike Shop Owner Vents Frustrations While Riding in Utah

It has been a brutal couple of years to own a bicycle shop... the industry we operate in seems to be doing whatever it can to kill the smaller independent bike retailers.
Bicycling
Miscellaneous
fromPadailypost
7 months ago

West Elm, a large store downtown, is closing

West Elm is closing its Palo Alto store, creating a significant vacancy in the downtown area, which is already struggling with business challenges.
Miscellaneous
fromBusiness Insider
9 months ago

It's the first day for Nike's new CEO. He has a long road ahead.

Elliott Hill begins as Nike's CEO amidst declining sales, emphasizing innovation to address challenges and reduce reliance on retro products.
fromFast Company
9 months ago

'Please don't': Jenna Ortega is asking TikTokers to stop messing with Wednesday Addams dolls

Jenna Ortega expressed her concern over a TikTok trend where fans flip the hair of a plush doll of her character Wednesday Addams, stating, "Please don't."
Marketing
fromwww.npr.org
10 months ago

Step inside this legendary shop full of handmade costumes while you still can

Ursula Boschet, the 90-year-old owner of a legendary costume shop, attributes its decline to online shopping and high operational costs, leading to its permanent closure.
Arts
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