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Amazon ’s net sales grew 9% year-over-year to $127.4 billion in Q1 2023. Net income was $3.2 billion for the period, compared with a net loss of $3.8 billion in Q1 2022. Growth in both retail sales and AWS services was slow compared to past quarters, in line with the uncertainty the retailer warned about earlier in the year , but investments in generative AI could pay off in the near future.
The inflation rate for the 12 months through March was up 4.2 percent, down from 5.1 percent for the year ending in February, according to the Personal Consumption Expenditures index.
Gap Inc. will cut approximately 1,800 jobs from its headquarters and upper-field workforce as it seeks to “simplify and optimize its operating model and structure,” according to an April 25, 2023 SEC filing. The layoffs, which will cost Gap $100 to $120 million in employee-related and consulting costs, are expected to be completed by July 2023. The 1,800 jobs are more than 3X the 500 corporate jobs reported to be on the chopping block by the Wall Street Journal earlier this week.
Vlad Yakubson has been appointed as the new CEO and MD of specialty home fragrance retailer, Dusk Group. Yakubson has more than 25 years of experience in specialty retail and is currently the GM of the men’s fashion brand, YD. He has also held various senior leadership roles in visual merchandising, retail operations, finance, marketing and property.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
True Religion , born in the Y2K era, is benefiting from its current cultural resurgence. Creative Director Zihaad Wells attributes the brand’s heightened relevance among Gen Zers to its strong heritage and distinct design elements: the arch logo, buddha design and, of course, its signature rope stitch. But Wells knows that to successfully acquire this coveted group of consumers while also retaining its incredibly loyal base of millennial shoppers, the brand can’t simply live in the past.
Drinks and hospitality business Endeavour Group is set to make its 14-day payment terms plan permanent for all of its small suppliers. The group implemented a 14-day payment term plan during the first lockdowns in March 2020 to provide pandemic-related support to more than 900 suppliers across the country. Last March, the company announced it will extend the program until June of this year – but now it says the program will be permanent.
For the first time ever, Pinterest is opening its platform to third-party ad demand, starting with a multi-year strategic partnership with Amazon. User engagement with shoppable content on Pinterest continues to grow, and the platform is hoping to expand this trend further by bringing more brands and products to the platform and connecting users directly to Amazon for purchase.
For the first time ever, Pinterest is opening its platform to third-party ad demand, starting with a multi-year strategic partnership with Amazon. User engagement with shoppable content on Pinterest continues to grow, and the platform is hoping to expand this trend further by bringing more brands and products to the platform and connecting users directly to Amazon for purchase.
An Australian court has ruled that pop superstar Katy Perry infringed the trademark of a Sydney-based fashion designer who has sold her products locally under a label with her birth name “Katie Perry” Katie Taylor, who filed the lawsuit in 2019, alleged the singer ignored the trademark and sold Katy Perry clothing to Australian customers during her concert tours in the country in 2014 and 2018 through retailers and websites.
Digitization has overhauled much of the business world, and in departments like finance or marketing you’d find most employees are hooked on apps that serve up-to-date information on the status of their programs and connect them with others on their team for real-time collaboration. But in many places across the retail ecosystem, an employee’s day to day can still feel very manual and their connection back to others in the business is irregular at best.
Auto dealerships have seen sales slow down due to high prices and borrowing rates. The same is not true of the auto parts market where “O’Reilly Automotive just posted a 10.8 percent first-quarter same-store sales increase, its twelfth consecutive quarter of comp gains. AutoZone, another auto parts retailer, is expected to post a 4.3 percent same-store increase when it reports next month.
AI agents already analyze trends, draft content, and trigger actions across leading commerce platforms. Yet most organizations still rely on workflows built for human‑only teams, losing speed, margin, and customer loyalty. Humans + Agents: Rethinking Enterprise Commerce in the Age of AI Collaboration shows how to close that gap. In one concise read you’ll see where agent gains surface first, how early adopters prove ROI, and which lean controls keep innovation moving without risking data or bran
Amazon.com reported a $3.2 billion first-quarter profit, up from a loss of $3.8 billion a year ago. The retail, logistics and technology giant has cut tens of thousands of jobs in recent months in an effort to grow its bottom line. “The results indicate that ongoing cost-cutting measures are having a positive impact on Amazon’s business prospects,” said Jesse Cohen, senior analyst at Investing.com.
Mattel and Hasbro have found some areas where they can cooperate rather than compete. Hasbro will produce Barbie-branded Monopoly games starting in the fall. Mattel will make UNO games and Hot Wheels vehicles with the Transformer brand.
The company is planning to cut as many as two dozen jobs as part of a corporate restructuring initiative targeting $12 million in incremental cost reductions.
Category Management is a cornerstone of a successful retail strategy. While it promotes collaboration between manufacturers and retailers to optimize category performance, challenges persist in its effective implementation due to hurdles in communication and collaboration across teams and partners, and more. In this guide, we outline five essential strategies for success in 2025 that will touch on all the essential pieces of a successful strategy and implementation.
Chipotle said that 2,000 winners will receive a “Burrito Care Package” with 50 entrée codes for their teams, the equivalent of over $1 million in food. “Given the demands placed on the healthcare community every day, we know finding time to bond, celebrate, or even eat as a team can be challenging,” said Chris Brandt, chief marketing officer at Chipotle. “The Burrito Care Packages offer a convenient opportunity for healthcare units to come together and share a delic
Colgate-Palmolive has raised its annual forecast, expecting to increase prices further this year. The CPG giant now expects its full-year organic sales will grow between four and six percent, up from its previous forecast of three to five percent growth.
Late deliveries. Split shipments. Spiraling freight costs. For home, furniture, and DIY brands, fulfillment has never been more complex—or more critical. This report outlines how a smarter, AI-ready order management system (OMS) helps you reduce shipping costs, streamline project-based fulfillment, and ensure accurate inventory across every channel.
The U.S. is the biggest beer importer globally and 80 percent of the foreign beers coming into the country are from Mexico. That nation is now the world’s largest exporter, shipping more than twice what any other country is doing. Mexico accounts for 30 percent of exports followed by the Netherlands (14 percent), Belgium (13 percent) and Germany (nine percent).
The e-commerce giant will no longer support the devices, while the sporting goods retailer has promoted its chief merchandising officer to the top spot.
Starbucks has “failed and refused” to negotiate with union representatives speaking on behalf of workers at 144 of the coffee chain’s stores, according to the National Labor Relations Board. The coffee giant’s talks with union reps at two locations in New York included proposals that were “demeaning” and made “with no intention of reaching agreement,” the NLRB concluded.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Delray Beach, Fla. — PEBB Enterprises has signed new leases totaling 27,099 square feet at Delray Landing, a shopping center the company is currently redeveloping in Delray Beach. Retro Fitness will occupy 17,299 square feet at the property and Crown… The post PEBB Signs Leases Totaling 27,099 Square Feet at Delray Landing in Florida appeared first on Shopping Center Business.
The store, located in Oakbrook Center, marks the outdoor retailer’s 28th location in the U.S. and features its first ReBIRD service center in the city.
As businesses shift to running more applications in the cloud, the end-to-end control points that customers once owned have disappeared, making it challenging to securely deliver exceptional… Read more on Cisco Blogs
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! New data has revealed retail professionals are one of the most likely to work on days when experiencing poor mental health instead of taking sick leave compared to employees in other sectors, with almost a third (28%) having done so in the last year.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
As customers migrate to network fabrics based on Virtual Extensible Local Area Network/Ethernet Virtual Private Network (VXLAN/EVPN) technology, questions about the implications for application… Read more on Cisco Blogs
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Leading coding and marking equipment specialist, Macsa ID UK ([link] has launched the Lasertex Retail, a safe, sustainable and stylish looking laser marking system which has been specially developed to allow brands and retailers to transform products as part of a promotional campaign or into a unique personalised item for customers in real time on [̷
Retail marketing and operations wouldn’t be as complicated if they were all about creating the same store experience over and over again. But the cookie cutter plan doesn’t work in the age of localization and omnichannel customer experiences.
Shaftesbury Capital has announced the signing of debut Pan-Asian restaurant concept, YiQi, on Chinatown London’s Lisle Street. Set to open this summer, the YiQi menu will celebrate different cuisines from across the ESEA region. This includes fragranced South East Asian delicacies, comforting regional Chinese favourites, Korean classics, and Japanese art-like dishes, to create a dynamic dining experience in the heart of Chinatown London.
When it comes to driving traffic and growing your online presence, businesses often ask: SEO or PPC—what’s the better choice? This guide breaks down the key differences between search engine optimization (SEO) and pay-per-click (PPC) advertising, highlighting their pros, cons, and best use cases. Whether you’re looking for long-term organic growth or immediate visibility through paid ads, we’ll help you determine which strategy—or combination of both—is right for your business.
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