Petco faces downgrades amid sales, profit and share declines
RetailDive
APRIL 8, 2024
Analysts from S&P Global Ratings and Bank of America said the pet retailer’s struggles are likely to continue this year and possibly into 2025.
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RetailDive
APRIL 8, 2024
Analysts from S&P Global Ratings and Bank of America said the pet retailer’s struggles are likely to continue this year and possibly into 2025.
RetailWire
AUGUST 16, 2022
Walmart reported improvements in sales and profits in the second quarter leading to market share gains in grocery and other categories. same-store sales increased 6.5 per share, ahead of the $1.62 percent during the quarter as Walmart posted earnings of $1.77 expected by analysts.
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How Retailers Are Transforming Customer Experiences with Data & AI
Turn Payments Into Personalization: Unlock the Value of Transaction Data
Forrester eCommerce
FEBRUARY 28, 2024
At the recent peer discussion with Forrester clients on the topic of best practices in marketing and sales data strategy and management, we discovered that data quality, ownership and aggregation among others are common issues and shared experiences on their resolution.
Forrester eCommerce
FEBRUARY 27, 2024
However, the tide has turned, and domestic brands are now gaining momentum, surpassing their foreign counterparts in sales, revenue, and market share (see Figure 1). For years, China’s economic growth and consumer market have been a magnet for global brands seeking expansion.
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Retail TouchPoints
MARCH 7, 2024
3, 2024, with net sales increasing 2.2% The increase was driven in particular by the company’s off-price banner Nordstrom Rack , where net sales were up 14.6% The company’s digital business remains strong, accounting for 36% of sales in fiscal 2023. over the same quarter last year. over Q4 2022.
Retail TouchPoints
MARCH 18, 2024
Offsite retail media allows brands to engage with a retailer’s audience in third-party channels not owned by the retailer (like Google Search) and then connect those advertising campaigns back to product sales at the retailer.
RIS News
AUGUST 30, 2023
Athlete and Hustle Clean CEO Justin Forsett will inspire and motivate, alongside leaders from retail and consumer goods companies discussing innovative strategies and how to leverage next-generation technology.
Retail TouchPoints
DECEMBER 11, 2023
Arkhouse already has a large stake in Macy’s and would be paying a premium to own the rest of the company — the offer values the retailer at $21 per share, about 23% over the $17 a share that the stock was trading at as of the close of business Friday. Share prices are up about 16% on the news of the bid in early hours trading today.
Retail TouchPoints
APRIL 18, 2024
Brands and retailers can now implement national omnichannel promotional campaigns quickly and cohesively across the ARG network, as well as collect sales data to create more effective and targeted promotions in the future. billion in retail sales. We are leveraging our consumers and our collective $16.5
Retail TouchPoints
FEBRUARY 15, 2024
The acquisition is expected to be immediately accretive to the company’s fiscal 2024 earnings, generating approximately $84 million in sales and approximately $10 million in operating income, excluding transaction and integration costs. With an eye on its goal of becoming the leading family footwear retailer in the U.S.,
Retail TouchPoints
JANUARY 9, 2024
Although Solo Brands plans to share more extensive financial details in its fiscal 2023 results call in March, interim CFO Andrea Tarbox shared in a statement that Q4 results “came in below expectations as we experienced softer-than-anticipated sales in our direct channel.” will take over. year over year.
Retail TouchPoints
OCTOBER 12, 2023
Sales during Amazon ’s Prime Big Deal Days, the now-annual fall member sale event, were significant but essentially flat compared to last year when the sale debuted, according to data from Salesforce. billion in sales, outperformed the October event, as it did last year as well. 11 alone, U.S. As they did in July, U.S.
Retail TouchPoints
FEBRUARY 26, 2024
The wellness-focused supermarket boosted 2023’s net sales 7% compared to 2022, reaching $6.8 Comp store sales also grew by 3.4%. Q4 net sales of $1.7 billion were 8% higher than the same period the previous year, and Q4 comp store sales climbed 3.3%.
Retail TouchPoints
APRIL 1, 2024
The plan, which could begin being implemented as soon as later this month, also leaves open the possibility of a sale, according to Reuters. The official committee of tort claimants for the opioid lawsuits would share with other holders of general unsecured claims a total cash amount of up to $47.5
Retail TouchPoints
JANUARY 4, 2024
Online holiday sales increased 4.9% November’s sales total of $123.5 billion , fueled by strong Cyber Week sales of $38 billion. of online sales, up from 47% in 2022. Mobile shopping was highest on Christmas Day, when it drove 63% of online sales; Curbside pickup remained popular, used for 18.4% YoY, reaching $222.1
Retail TouchPoints
OCTOBER 28, 2022
Amazon has posted projected growth ranging from 2% to 8% for Q4 2022, and the disappointing numbers caused its share price to drop more than 10% as of the morning of Oct. Amazon’s net sales for Q3 2022, which ended Sept. Sales for Q4 are expected to reach between $140 billion and $148 billion. 30, grew 15% to hit $127.1
Retail TouchPoints
JANUARY 18, 2024
You can link purchases to points and rewards, and motivate users to complete their profiles with special status levels that come with a visual badge and offerings like early access to sales or the like. And the majority of retailers (74%) agree that investing in mobile apps is key to driving profitability.
Retail TouchPoints
MAY 15, 2023
According to a new report from CMO Council and KPMG , 70% of marketers don’t feel very confident in their current sales and marketing model to sell effectively in the digitalized customer journey. Sales Transformation Practice Leader at KPMG in an interview with Retail TouchPoints.
Retail TouchPoints
MARCH 8, 2024
3, 2024), with total sales increasing 10% and comparable store sales growing 2% year over year. Approximately one-third of these new stores will open this spring, aided by the acquisition of a “large number of very attractive new store locations” out of the Bed Bath & Beyond bankruptcy, O’Sullivan shared.
RetailWire
JULY 23, 2021
The stock price of Crocs has risen 260 percent over the last year as demand for the ugly but comfortable clogs has continued to increase throughout the pandemic.
Retail TouchPoints
MARCH 27, 2023
As it continues its laser focus on profitability, luxury resale platform The RealReal is “deemphasizing” the direct sales side of its business to focus on its more profitable consignment operation. At the same time, The RealReal has been under increasing pressure from shareholders to become profitable as its share price has nose-dived.
Retail TouchPoints
OCTOBER 6, 2023
Brands can delve into historical sales data, market trends and consumer insights to predict their seasonal demand patterns while factoring in changes based on promotions and actual sales. Oftentimes, these hinge on the synergy between a brand and its third-party logistics (3PL) provider. 1: Demand forecasting. 3: Order accuracy.
Retail TouchPoints
MAY 16, 2023
comparable sales decline year-over-year. Total sales were $37.3 The declines were attributed to a slowdown following three years of “unprecedented growth” in which the retailer boosted its sales by over $47 billion , according to President and CEO Ted Decker. billion , down 4.2% from Q1 2022. billion due to weak demand.
Retail TouchPoints
NOVEMBER 9, 2023
It wouldn’t be precisely accurate to count Bookshop.org among the successful conquerors, since its 1% market share of print book sales is dwarfed by Amazon’s approximately 50% (by some estimates, it’s even more). As its power and reach have grown, countless companies have tried to take on Amazon , but few have succeeded.
Retail TouchPoints
FEBRUARY 15, 2024
The Stanley X Starbucks Valentine’s Day Quencher H2.0 Tumbler is the latest example of a viral retail phenomenon. The 40-ounce tumbler joins the likes of the Cabbage Patch Doll, Tickle Me Elmo and Furbies, which all generated long lines — even stampedes — of consumers clamoring to get their hands on these coveted goods.
Retail TouchPoints
DECEMBER 8, 2023
The discount retailer reported net sales of $9.7 Growth primarily came from newly opened stores; same-store sales declined 1.3% Growth primarily came from newly opened stores; same-store sales declined 1.3% The same-store sales declines were spread across multiple categories, including home, seasonal, apparel and consumables.
Retail TouchPoints
FEBRUARY 14, 2024
Simo also shared that three top executives — COO Asha Sharma, CTO Varouj Chitilian and Chief Architect JJ Zhuang — were leaving the company. The restructuring is expected to cost Instacart $19 to $24 million in one-time expenses, shared CFO Nick Giovanni on the same call. So, we had already managed headcount pretty tightly.
RetailWire
JUNE 24, 2020
Etsy has seen the price of its stock more than triple in the past month as consumers looking to protect themselves and others from the novel coronavirus continue to turn to the site’s artisans for fashionable face masks.
Retail TouchPoints
OCTOBER 20, 2023
The shareholder lawsuit alleged that WBA made false claims about how likely it was that regulators would approve the acquisition, causing shares of Rite Aid to skyrocket and leading to billions of dollars of investor losses when the deal eventually fell through. Litigation around the sale of opioids has hit the U.S.
Groove
FEBRUARY 17, 2024
If you’re like most people who shop online, you’ve probably abandoned your share of carts over the years. Where there’s interest, there’s also an opportunity to rescue a sale, and this is just as much the case for your Shopify customers as it is for anyone else. Here are some techniques for ensuring yours are effective.
Retail TouchPoints
FEBRUARY 7, 2023
The retailer has received commitments to raise $225 million of equity capital, initially by selling convertible preferred shares, with the remainder coming over time by issuing warrants that will require holders to purchase more preferred shares in the future. Shares were down 64% year-over-year on Feb.
Retail TouchPoints
JULY 28, 2023
We have achieved remarkable growth and market share gains over the last three-plus years, and we remain excited about the many vectors that exist for us to expand our competitive advantages and deliver attractive growth. In Q2 2023, Tractor Supply saw net sales increase 7.2% billion, with comparable store sales increasing 2.5%.
Retail TouchPoints
JANUARY 5, 2023
Bed Bath & Beyond shares dropped more than 24% on Jan. 5, bringing the struggling retailer’s share price down 86% year-over-year, after the company reported that it was having trouble getting enough merchandise to fill its shelves while also bringing in fewer customers. The company expects sales for its Q3 2022, which ended Nov.
Retail TouchPoints
OCTOBER 14, 2022
billion in sales by 2025. As the company recovers from the impact of a tarnished image and DTC competitors, such as digitally native ThirdLove , who have gained market share within the $16 billion intimates business during the retailer’s rebrand, it is trying to overcome what it has termed “execution missteps” that saw sales drop from $7.5
Retail TouchPoints
MARCH 26, 2024
Leading the charge in innovative, consent-driven strategies is the adoption of zero-party data , or data that consumers proactively share with a brand. This privacy-friendly approach empowers retail brands to create hyper-personalized targeting tactics, fostering genuine connections while respecting user privacy.
Forrester eCommerce
NOVEMBER 11, 2020
When thinking about implementing a digital transformation, there are things sales leaders must consider to align and compensate the organization’s sales resources with the shift. Forrester analyst Anne Slough shares how a digital transformation impacts the sales team’s success.
Retail TouchPoints
MARCH 1, 2024
First, we will open small locations in a couple of markets where we have no prior physical presence and our omnichannel sales penetration is low, to measure our ability to capture untapped share ,” said Barry. Best Buy closed 24 stores in FY 2024 and plans to close 10 to 15 in FY 2025.
Retail TouchPoints
DECEMBER 18, 2023
We continue to be pleased with the productivity of our small-format stores, specifically with the faster adoption of Custom Spaces, which is a key component of future sales growth for The Container Store,” Mahlhotra said. “At At the end of our second quarter, this adoption was averaging 39% of sales per store.
Retail TouchPoints
MARCH 15, 2024
Sales rose in Q4 to $1.67 billion , up about 6% from the previous year, but it wasn’t enough to assuage investors who have grown impatient with the company’s declining market cap despite its relatively consistent sales growth. Coughlin will remain on as an advisor to the board throughout the transition.
Retail TouchPoints
NOVEMBER 20, 2023
Several of the nation’s largest retailers, including Target , Macy’s , Gap and BJ’s Wholesale Club , struggled during Q3, with all reporting net sales declines and all but one showing a fall-off in comparable store sales. and a slight comp sales increase of 0.3%. and a slight comp sales increase of 0.3%.
Retail TouchPoints
FEBRUARY 21, 2023
The Home Depot’s Q4 2022 results disappointed, with a mild sales increase of 0.3% The Home Depot’s Q4 2022 results disappointed, with a mild sales increase of 0.3% Comparable sales for the period fell 0.3% Results for fiscal 2022, which ended [provide date] as a whole were brighter, with overall sales up 4.1% in the U.S.,
Retail TouchPoints
NOVEMBER 21, 2023
November and December holiday sales average around 19% of total retail sales, per the NRF , and this share can be even higher for some department stores and specialty retailers. Emarketer anticipates that holiday retail sales will grow 4.5% The winter holiday season is a critical time for retail. this year to surpass $1.3
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