Retail updates: Walmart's cupcake deal, Reebok's basketball revamp with Jide Osifeso, Boot Barn's new president John Hazen, tariff impacts on Yeti & Mattel, Hudson's Bay's situation and more.
Purple is evaluating strategic options, including a potential sale or merger, amidst economic uncertainty and tariff-related disruptions. CEO Rob DeMartini emphasizes limited product exposure to tariffs.
Tapestry's Q3 2025 earnings surged, driven by Coach's impressive 15% growth. Revenue rose 8% to $1.6B, exceeding expectations. Outlook raised for fiscal 2025, forecasting 4% growth.
Retailers balance automation with human interaction. While self-checkout offers convenience, customer service remains crucial. Target and IKEA adjust strategies to optimize both efficiency and customer satisfaction.
Universal Ads simplifies TV advertising for e-commerce, partnering to offer AI-powered creative tools and incrementality-based measurement, attracting new advertisers to premium video.
Gildan Q1 sales fell 38% due to the Under Armour sock licensing agreement ending. CEO Glenn Chamandy highlights Gildan's US cotton use and sustainable strategy as advantages. US sales represent 89% of sales.
Study reveals mixed acceptance of generative AI & social shopping. Younger shoppers embrace social media platforms like TikTok, while concerns exist around data privacy and AI analysis. Brands need transparency.
Sephora launches a campaign addressing the complexities of skincare routines and online product overload. The "Skin Consumed" project, featuring relatable scenarios, aims to connect with consumers in the expanding skincare market.
Walmart boosts grocery sales & e-commerce, reaching $79B in 2025. Sam's Club sees growth. General merchandise dips, but health & wellness soars. Walmart leads grocery market share over Kroger & Costco.
Consumer sentiment plummeted due to tariff fears and rising inflation expectations, impacting economic outlook. High tariffs, soft data gauges, and potential inflation pose recessionary risks.
US consumer confidence plunges due to tariffs and rising inflation expectations. Economists express recessionary concerns. Tariffs impact economic growth and consumer spending. Key indicators decline sharply.
Axe partners with Pete Davidson to connect with Gen Z via social media, promoting body positivity and 'rizz' (charm) with a humorous campaign featuring new scents. Unilever increases social media investment.
