Retail Industry News
A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
It's just scale': Local mom-and-pop car dealerships are growing or dying amid industry consolidation, rise of mega-retailers
The business of selling cars, once considered the purview of mom-and-pop shops, has evolved into a lucrative trillion-dollar industry. Mega-dealerships have been on the rise amid a decadeslong consolidation that has led to a grow-or-die mentality…
Joan Burstein, London Retail Trailblazer, Designer Champion, Dies at 100
LONDON – Joan Burstein, the pioneering retailer who helped build European and American brands in the U.K., and who championed designers including John Galliano, Alexander McQueen and Hussein Chalayan when they were still students, has died…
AI traffic converts better than non-AI visits for U.S. retailers: Report
Traffic from AI sources increased 393% year-over-year in Q1 and 269% in March. But the real surprise? AI traffic is converting better than last year. AI-driven visits converted 42% better than non-AI traffic in March. A year ago, AI traffic was 38%…
HK retail landscape may shift as PARKnSHOP-Wellcome merger discussed
Jardine Matheson is reportedly in discussions with CK Hutchison Holdings over a potential acquisition of supermarket chain PARKnSHOP, with plans to merge the business with Wellcome, according to the Financial Times. SCROLL TO CONTINUE WITH CONTENT…
Retail Traders Retreat Amid Iran Conflict
At the end of last year, Nasdaq retail data suggests retail trading reached $70 billion a day as markets rotated out of crypto and software stocks and into value stocks. But in the past few weeks, as the conflict in Iran started, data shows retail…
Norovirus fears prompt FDA warning to restaurants and retailers: Stop selling this recalled shellfish
The Food and Drug Administration (FDA) is warning restaurants and retailers not to sell or serve recalled shellfish from a Washington State company due to potential norovirus contamination. The recalled shellfish was harvested on March 22 through…
Charles Schwab To Launch Spot Bitcoin Trading For Retail Clients
Charles Schwab announced further details and plans in their attempt to launch direct spot bitcoin trading through its new platform, Schwab Crypto™, signaling a major step by one of the country's largest brokerage firms into the digital asset…
An Etsy-style retail chain abruptly closed all of its stores, leaving customers and vendors blindsided
Painted Tree Boutiques, a nationwide retail chain that gave independent small business owners a brick-and-mortar platform to sell gifts, clothing, and home decor products, abruptly announced that it would cease all business operations on Tuesday…
Cheap Air Tag alternative drops to less than £9 at one major retailer
IF you're planning a trip in the near future, you'll want to add a Bluetooth tracker to your list. You don't need to spend big either, with the Taobosec Air Tracker Tags one of the cheaper options currently doing the rounds. Your info will be used…
Week Ahead for FX, Bonds: U.S. Retail Sales, PMI Data Due as Focus Remains on Middle East
Below are the most important global events likely to affect FX and bond markets in the week starting April 20. U.S. retail sales data and provisional purchasing managers' indexes from the U.S. and Europe will be watched to see how badly the Middle…
Ditch Amazon for rival retailer's Apple Watch deal at £1.45 per day
The Apple Watch Series 8 was unveiled in September 2022. This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Apple fans can beat the tech giant's hefty price tags with a rival retailer…
$161M Trade Winds residential and retail development set for Springdale | Arkansas Democrat Gazette
Construction of Trade Winds, a $161 million residential and retail development in Springdale, is set to formally begin next week. The 130-acre project by Blue Ribbon Industries will feature 170 single-family homes in its first phase. Later…
Ally expects 2026 NIM of 3.60%-3.70% while reiterating retail auto NCOs of 1.8%-2.0% (NYSE:ALLY)
Management reported Q1 adjusted EPS of $1.11 (up 90% YoY), a 3.52% NIM affected by lease headwinds, but reiterated full-year NIM guidance of 3.60-3.70%. Retail auto net charge-offs were at 1.8%-2.0% guidance; management noted consumer pressures…
Retail Stocks To Follow Today - April 17th
MarketBeat Week in Review – 04/13 - 04/17 Amazon.com, Walmart, Alibaba Group, Carvana, and Costco Wholesale are the five Retail stocks to watch today, according to MarketBeat's stock screener tool. Retail stocks are shares of publicly traded…
AI's guardrails (not its speed) will define success in financial services marketing - Retail Banker International
Banks are racing to embed AI into customer experience. But in financial services, speed alone will not define success – guardrails will. As AI moved from back-end efficiency into the customer interface, it is beginning to shape behaviours…
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