Retail sales rose 1.3% in October, driven by increased purchases of gasoline, food and drink, the Census Bureau reported on Wednesday.
Economists had forecast a gain of 1% or so following September’s unchanged reading. Retail sales are not adjusted for inflation.
Spending on gasoline rose 17.8%...
Dive Brief:
Despite overall inflation concerns, a Deloitte survey of 1,200 adults found that consumers will spend $500 on average during the week of Black Friday and Cyber Monday, a 12% bump from 2021.
Just under half (48%) of shoppers are planning to use credit cards...
he Canadian brand introduced retail to athleisure. Now Brooks Brothers sells stretch dress shirts and Levi’s owns a yoga business.
ululemon is practically synonymous with athleisure. The retailer has frequently been credited with the rise of yoga pants and leggings, effectively creating a new category of activewear. But Lululemon didn’t just...
Dive Brief:
Victoria’s Secret will acquire DTC lingerie company Adore Me for $400 million in cash, the intimates giant said Tuesday.
The deal has been unanimously approved by the Victoria’s Secret board and is expected to close by the end of January, subject to customary closing conditions and...
Partnered Process: Best CBD Contract Manufacturer for Distributors and Retailers:
New York, NY, February 08, 2023 – Partnered Process has been recognized by Retailer News Network as the Best Contract Manufacturer in the market for CBD products. A Wisconsin-based botanical processor committed to creating exceptional...