by Mike Duff | Apr 30, 2025 | Retail Articles
The United States Bureau of Economic Analysis reported real gross domestic product decreased at an annual rate of 0.3% in 2025’s first quarter. In the 2024 fourth quarter, the bureau’s real GDP reading increased 2.4%. The first quarter decrease in real GDP reflected...
by Mike Duff | Apr 29, 2025 | Retail Articles
Amazon is touting preparations for Prime Day 2025 and a new partnership with luxury retailer Saks, amid reports that sellers are bowing out of Prime Day due to tariffs and pressure from the White House to halt a plan to list tariff changes in product pricing on the...
by Mike Duff | Apr 29, 2025 | Retail Articles
Although it still holds out hope for rescue, Hudson’s Bay Co. stated it would liquidate its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location. Hudson’s Bay stated that a viable bid for its current six-store organization is unlikely, so it has begun...
by Mike Duff | Apr 29, 2025 | Retail Articles
A survey by the National Retail Federation and Prosper Insights & Analytics revealed consumer spending on Mother’s Day should reach $34.1 billion this year, up from $33.5 billion in 2024 and short of the $35.7 billion record set in 2023. Consistent with previous...
by Mike Duff | Apr 29, 2025 | Retail Articles
Beyond, Inc. beat Wall Street on earnings for its first quarter ended March 31, but revenue fell short of expectations as the company reset operations in an effort to return to growth. Beyond posted a net loss of $39.9 million, or 74 cents per diluted share, versus a...
