Shoppers at a shopping center in Birmingham, United Kingdom, on February 11, 2024. Nurphoto | Nurphoto | Getty ImagesRetail's biggest winners during first-quarter earnings aren't thriving because consumers are suddenly spending more on discretionary goods – it's because they're executing well and cash-strapped shoppers are choosing them over competitors. If there's...
Illustration by Christina LocopoRetail has seen unprecedented upheaval over the last several years.Some of the industry's key decision-makers expect even more evolution ahead.Covid-related shocks have upended retail, after clogged ports and merchandise shortages gave way to excess inventory levels and shifting consumer demands amid persistent inflation. Those disruptions accelerated transformations...
A Target department store in North Miami Beach, Florida, on May 17, 2023.Joe Raedle | Getty ImagesTarget said Tuesday that it will close nine stores in major cities across the country, citing violence, theft and organized retail crime.The company will close one store in New York City's Harlem neighborhood,...