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Consumer confidence in the UK remained stable in August, despite people feeling less optimistic about the wider economy. The GfK Consumer Confidence Barometer came in at -13 this month, in line with the July reading and up from -25 in August last year. The measure for the forecast personal finances over the next 12 months jumped by three points to +6, which GfK client strategy director Joe Staton said could be due to the recent Bank of England interest-rate cut, “and hopes of more to come&
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Prosecutors at the National Labor Relations Board’s (NLRB) have determined that Amazon is a joint employer of the third-party drivers it contacts with for package deliveries in California rather than a subcontractor, as the ecommerce giant has maintained. Regulators also agreed that Amazon engaged in unfair labor practices in its dealings with workers at its Delivery Service Partner (DSP) in Palmdale, Calif. by refusing to recognize the drivers’ decision to unionize with the Teamsters.
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The TJX Companies will invest approximately $360 million to purchase a 35% stake in Brands for Less , an off-price apparel, toys and home fashions retailer with more than 100 stores in the UAE and Saudi Arabia as well as an ecommerce business. TJX expects the acquisition to close later this fiscal year, which ends in February 2025. The retailer, which operates the TJ Maxx, Marshalls, HomeGoods and Sierra brands, has ambitious growth plans.
The TJX Companies will invest approximately $360 million to purchase a 35% stake in Brands for Less , an off-price apparel, toys and home fashions retailer with more than 100 stores in the UAE and Saudi Arabia as well as an ecommerce business. TJX expects the acquisition to close later this fiscal year, which ends in February 2025. The retailer, which operates the TJ Maxx, Marshalls, HomeGoods and Sierra brands, has ambitious growth plans.
TJ Maxx has created Styled by Runway, an incubator program for five stylists that will provide them with premium designer fashions from the retailer’s luxury-level Runway shop. The months-long program includes a Runway at TJ Maxx shopping stipend to build the stylists’ closets, access to the retailer’s social community and mentorship from celebrity stylist Micaela Erlanger.
The United States Postal Service (USPS) will host a virtual conference to unveil and discuss planned operational improvements and modifications to current service standards.
Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.
7-Eleven Hawai'i has unveiled a new mobile app that aims to increase customer convenience and engagement. But there's one caveat—the app is only available across all of the 67 7-Eleven stores in O'ahu, Maui, Kaua'i, and Hawai'i Island.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
The chatbot, which helps Target’s team members resolve on-the-job challenges, is making it easier and faster to assist customers, COO and CFO Michael Fiddelke said.
Farfetch is shutting down its white-label business unit, Platform Solutions, which provides online shopping tools for retailers. The move comes as the luxury fashion retailer focuses on its core luxury marketplace as its operating losses drag down its new owner Coupang’s profits. Farfetch Platform Solutions, which counted Reebok, Harrods, Paul Smith and Off-White as clients, offered commerce solutions and retail technology designed for use by brands and retailers.
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John Lewis has revealed its top ten toys for Christmas 2024 as it gears up for the much anticipated golden quarter. The retailer said customers have already started thinking about the holiday period, with over 1,000 online searches recorded on its website so far this month. Its top picks, which range from £14.99 to £250, focus on togetherness with all toys designed to play with friends or family and encourage imaginary play and escapism.
John Lewis has stepped in to support former employees and customers tied to its in-store The Floor Room concessions, following its collapse earlier this month. The flooring retailer, which traded from 34 of John Lewis’ department stores, went into administration at the start of the month , resulting in 200 job losses. The Carpetright sister brand opened concessions last year and staff from the high street retailer were transferred across to the Nestware-owned business.
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The e-commerce giant is prepping for its unofficial holiday kickoff event, while the apparel brand launched a collection featuring over 30 U.S. universities.
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