retailers

Target and other big retail chains are struggling to adjust to shifts in shoppers’ priorities after more than two years of pandemic. Photo: Joe Raedle/Getty Images…

Retailers cut staff in May as they struggled with bloated inventories and the squeeze from high inflation, while employers more broadly staffed up ahead of summer, including strong hiring at hotels, restaurants and entertainment venues.The retail sector shed 61,000 jobs in May, an outlier in the labor market that added 390,000 workers to payrolls in May, the Labor Department said Friday. The job gains were broad based last month, with the leisure and hospitality, professional and business services, construction, and…

| Penguin Random House Comcis Retail is the exclusive Marvel Comics distributor for the direct market of comic books, but thy still let Diamond Comic distributors sub-distribute to comic shops who prefer to stay with them. I have been aware, in recent months of a number of retailers returning to diamond at as middle-man even though there are higher costs associated with that, for more reliability and less paperwork, sometimes just as a back up for when there are problems with PRH. Well, Penguin Random House appears to…

Brenda Goh / Reuters: Amazon plans to stop supplying Chinese retailers with Kindles, will close the e-bookstore in China on June 30, 2023, and remove the Kindle app in 2024 — Amazon.com (AMZN.O) said it will stop supplying retailers in China with its Kindle e-readers from Thursday and will shut its Kindle e-bookstore … Brenda Goh / Reuters: Amazon plans to stop supplying Chinese retailers with Kindles, will close the e-bookstore in China on June 30, 2023, and remove the Kindle app in…

About 80% of household retail in sub-Saharan Africa is delivered through informal channels, which perennially face several challenges like stockouts, leading to an instability in earnings, and a lack of attractiveness to financiers. These challenges befall millions of micro-retailers across the continent, and Betastore, a B2B retail marketplace for informal retailers, is working to resolve in Nigeria, Ivory Coast and Senegal. The Betastore marketplace enables informal traders to source fast moving consumer goods…

Big-box chain Big Lots Inc. BIG -10.56% and sporting-goods retailer Hibbett Inc. HIBB 2.49% both posted double-digit sales declines Friday, the latest retailers seeing sales suffer amid rising inflation. The reports continue a mixed earnings period for the retail sector that is battling dual forces from inflation: higher prices cutting into consumer spending power, while also raising…

American shoppers boosted spending at department stores and discount chains, showing resilience amid inflationary pressures that have weighed on consumers and dented results at many big retail chains. Macy’s Inc. M 17.80% and Dollar Tree Inc. DLTR 21.00% reported strong sales increases in their most recent quarters. Those results came as shoppers spent more on clothing for work and special occasions, while turning to…

Even as higher prices make them blanch, Americans will probably keep on spending. Unfortunately for many retailers, however, less of it could be on the wares that grace their aisles. Several rough earnings reports from major retailers have made investors question the health of the U.S. consumer and raised worries that the next recession could be right around the corner. Walmart, for example, said last week that some customers have traded down to half-gallon milk from full gallons. It…

Inflation is catching up with some of America’s biggest retailers, as their recent quarterly results were pinched by higher costs on everything from products to fuel. Investors dumped shares of Walmart Inc., WMT -6.79% Target Corp. TGT -24.93% and other big chains—notching some of the biggest declines since the market crash of 1987—amid fears that the companies wouldn’t be able to pass along higher prices to consumers. It has also…

Article content TORONTO — Many Canadian retailers have imposed limits on the amount of baby formula customers can buy amid a shortage following Abbott Laboratories’ February production suspension in the United States, an industry spokesperson said on Wednesday. Article content Canada has not been as hard hit by the shortage caused by the suspension at the Abbott facility, Retail Council of Canada spokesperson Michelle Wasylyshen told Reuters. The United States has been grappling with a widespread infant formula…