Weeks ahead will test retailers’ lofty expectations

Shoppers ascend and descend an escalator at Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark McKella | Reuters Is it starting to look a lot like Christmas? Probably not, this year. With 24 days into the big holiday, retailers are hoping consumers will keep spending. Shoppers started buying holiday gifts early … Read more

Allbirds (BIRD) reports Q3 2021 earnings

A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, DC, on Tuesday, February 16, 2021. Drago | Bloomberg | Getty Images Allbirds Inc said Tuesday its third-quarter revenue was up 33% from a year ago, while its losses widened as the cost of opening stores and listing its stock weighed on … Read more

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

A person walks with a hand full of shopping bags as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. John Sherry | Reuters When Americans bought gifts during the Thanksgiving weekend shopping rush, the discovery of the Omicron variant grabbed headlines and prompted action by public … Read more

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

There are Amazon.com Inc packages. In front of a FedEx Corp delivery truck in New York. Christopher Lee | Bloomberg | Getty Images Consumers logged on to the internet on Monday and spent $10.7 billion, down 1.4% from last year’s levels, according to data from Adobe Analytics. This year’s tally marks the first time Adobe … Read more

Lululemon fires back at Peloton in apparel feud with patent lawsuit

An employee restocks clothing displayed at the sportswear store Lululemon Athletica on Regent Street in London. Simon Dawson | Bloomberg | Getty Images Lululemon has filed an expected patent lawsuit against Peloton, in a growing dispute over designs for sports bras and leggings. In a case filed Monday in the Central District of California, Lululemon … Read more

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

Bloomberg | Bloomberg | Getty Images Second-hand retail businesses find success with shoppers who focus on sustainability and hard-to-find items, while avoiding the supply chain stresses that traditional retailers feel. Big retailers like Walmart and Target have focused on keeping prices low, absorbing the rising costs in shipping, labor and materials for shoppers. Other retailers, … Read more

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

Shoppers carrying bags from various stores stand alongside the start of Black Friday sales at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. John Sherry | Reuters Black Friday retail traffic fell 28.3% from 2019 levels as Americans shifted more of their spending online and started shopping earlier in the year, … Read more

Sustainability is on the wish list this holiday season

SustainAble Home Goods sells a selection of eco-friendly products online and also offers reusable fabric packaging. Source: Sustainable Home Goods Some kids might wake up on Christmas morning to find more homemade gifts and much less wrapping paper under the tree. One in three shoppers said they plan to ditch traditional wrapping paper for environmental … Read more

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

Carrie Gundy rides her Peloton sports bike at her home on April 6, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Peloton has sued Lululemon after the leggings manufacturer threatened legal action against the connected fitness equipment company earlier this year. The lawsuit, which was filed in Manhattan federal court on Wednesday, comes … Read more

More Americans won’t be buying holiday gifts this year

Donna Hilliard, CEO of Code Tenderloin, said the nonprofit group that serves the homeless is currently seeing more demand than it has ever seen. Source: Tenderloin Code Code Tenderloin, a nonprofit group that serves the homeless in San Francisco, said it has about $7,000 in gift cards to distribute to those who need extra financial … Read more