Dollar General to open 1,000 Popshelf stores, aimed at wealthier shoppers

Dollar General debuted a new store called Popshelf about a year ago, aimed at affluent suburban shoppers who enjoy hunting for a good deal. The Tennessee-based discounter said Thursday that it now plans to have nearly 1,000 stores by the end of fiscal year 2025 — including about 100 more locations that will open in … Read more

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

Stage set for bigger beauty sales at Target, Kohl’s

A Sephora store inside a Kohl’s store, and an Ulta Beauty store inside a Target store. Source: Kohl’s; targeting Beauty has always been a big holiday category, but this year it’s expected to be even bigger. Shoppers aren’t just looking for perfumes or candles to give to family and friends. They are eager to replenish … 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

Altria can’t sell Iqos in U.S. as Biden won’t intervene in patent dispute

Philip Morris International is showing off the iQOS e-cigarette, which heats tobacco sticks but does not burn them. Fabrice Cofferini | AFP | Getty Images Altria and Philip Morris International can no longer sell or import Iqos tobacco devices in the United States after the Biden administration chose not to take action in an ongoing … 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

Walmart’s longtime Chief Financial Officer Brett Biggs is leaving company

An exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its fourth-quarter profit rise as e-commerce sales surged during the coronavirus pandemic. View Click | Corbis News | Getty Images The retailer announced on Monday that Walmart’s longtime chief financial officer Brett Bigs is leaving the company. … Read more