The fluorescent lit aisles of big box stores don’t scream luxury. But for certain items, consumers just don’t care.
Department stores were created to serve an income group that’s declining while the poorer and wealthier cohorts expand.
While supply chain costs have fallen over the last year, some retailers are still facing wage pressure and inventory costs.
They’re trying to stay ahead of what customers, now used to online convenience and speed, expect from a retailer.
While regular supermarkets are struggling in China, aspirational consumers keep Sam’s Club, Costco and its Chinese competitor Freshippo X expanding.
Walmart says that, collectively, its Chicago stores aren’t profitable. But academics point out they’ll still leave a hole when they’re gone.
Over 100 current and former corporate leaders sign a letter urging Congress to provide more relief to a huge sector that includes many of their suppliers and customers.
Some things are looking up for the retailer. Others, however …