Retail Stores

Consumers accustomed to inflation continued to spend in April as retail sales overcame higher prices to show both monthly and year-over-year (YoY) increases, the National Retail Federation (NRF) said Tuesday. NRF’s calculation of retail sales — which excludes automobile dealers, gasoline stations and restaurants to focus on core retail — showed April was up 0.9…

This summer Walmart is piloting a new College2Career program, which will give young professionals the chance to fast-track their careers by helping to run a multi-million-dollar business: one of its Walmart stores. According to a blog post on Walmart.com, the program is for recent college graduates and current college students within 12 months of graduating,…

Over the next year, Best Buy will double the number of outlet stores it has to 32 — starting with new outlets in Chicago, Houston, Phoenix, and Manassas, Virginia — and add an outlet deals section to its website for the first time, the company announced earlier this week. Best Buy has operated outlet stores since…

Online shopping might be easy, convenient and prolific, yet it hasn’t erased the need for flagship brick-and-mortar retail establishments. In fact, retail real estate is undergoing a phenomenal — and some might say surprising — comeback. As REJournals reported, roughly 60 percent of businesses with physical retail assets plan to expand their footprints in 2022. What’s driving the momentum?…

Ingka Group, Ikea’s largest franchisee, on Monday announced it would invest more than 3 billion euros, or about $3.2 billion at press time, in its stores by the end of next year. The retailer aims to become more accessible for customers whenever and wherever they want to interact, according to a company press release. Ikea will…

Meta, formerly Facebook, announced Tuesday that it would open its first physical store next month. The social media giant said in a blog post Monday that the store, which will be located in Burlingame, Calif., would be "a space to discover Meta Portal, Ray-Ban Stories, and Meta Quest 2 and try them out in person."…

Rite Aid plans to close a total of 145 “unprofitable” stores as part of its optimization efforts. The drug store chain announced it was closing an initial 63 stores in December, and is looking to save in administrative and labor costs and make improvements across payroll and the supply chain, with total savings expected to reach $170…

Retail sales in March climbed 0.5 percent from the previous month, slightly less than the 0.6 percent Dow Jones estimate and a deceleration from the upwardly revised 0.8 percent gain in February. The data came with inflation rising 1.1 percent for the month as measured by the consumer price index. Inflation rose to its highest level since…

We’re already into April and retailers are shelving their spring collection items fast. As the temperatures start to warm up, and as COVID-19 restrictions continue to loosen across the U.S., retailers should be preparing for a surge in in-store shopping once more. Akin to the “revenge shopping” trend that we’ve seen emerge during the warmer…

Join Quantum Metric and Google Cloud as they highlight some of the biggest retail trends for the year in back-to-school shopping.