The winning and losing retailers heading into the holiday season
With Black Friday kicking off later this week, recent earnings paint a picture of the retailers leading the pack and those falling behind…
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Almost a third of Walmart’s profit now comes from selling ads
Retailers are in for a mixed holiday season this year ahead of Black Friday and Christmas, marked by…
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International business and accessories growth fuel Lululemon sales
Accessories and new market entries are keeping Lululemon customers coming back. On Thursday, the company reported its 2023 second quarter earnings, in which revenue jumped by 18% year-over-year to $2.2 billion, while same-store sales increased 11%. Lululemon’s quarterly profit hit $341.6 million, compared to $289.5 million the same period last year.
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Boot Barn says its store expansion strategy is paying off
Boot Barn says it propelled sales forward thanks to store expansion — even as digital channels face headwinds. On Wednesday, the western and work-wear apparel retailer announced it opened 10 stores during the second quarter of its 2023 fiscal year — including expansion into New Jersey and Delaware — bringing its total number of locations to 321. The…
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Dollar stores are benefitting from shoppers trading down
This week’s dollar store chain earnings show that even higher earning households are taking advantage of dollar store price points. Both Dollar General and Dollar Tree reported increased in-store sales this week, citing customers trading down to lower-priced items this summer. Dollar General reported a 9% increase in sales year-over-year, with same-store sales jumping by…
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Even off-price retailer TJX is being impacted by inflation
Despite offering deep discounts, off-price retailers like TJX aren’t immune to the slowdown in consumer spending. During the second quarter of fiscal year 2023, TJX saw comp store sales drop by 5%. The company — which operates off-price retailers TJ Maxx, Marshalls and HomeGoods — had a drop in categories such as home decor and,…
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Why Dick’s Sporting Goods is doubling down on private labels
Dick’s Sporting Goods continues to bet on private labels. This week, the retailer announced its first men’s athleisure line, called VRST. Along with rolling out to over 400 Dick’s stores, the brand will also be available on its own website, VRST.com, in the coming weeks; pieces will range between $30 and $120.
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