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FOUND: Retail dive | Mind Blowing Facts

Lululemon ditches plans to open new stores as sales take a hit

Sales of Lululemon’s signature leggings plunged 20 percent from a year earlier as shoppers have increasingly moved toward looser-fitting styles

The Independent UK

Petco loses millions of dollars on customer loyalty program

Petco executives also revealed what’s next for the revamped loyalty program

The Independent UK

Catalog retailer made famous by Seinfeld appears to have abruptly gone out of business

The J. Peterman website, as well as corporate phone numbers, has been disabled

The Independent UK

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Nike abruptly closes over a dozen neighborhood concept stores across US

Nike once said the neighborhood stores could grow to 200 locations worldwide

The Independent UK

Spirit Halloween’s parent company buys Hot Topic

‘The best time for Hot Topic was the early 00s when they were staffed by only the coolest and meanest 16-20 somethings’

The Independent UK

Retailers are selling their tariff refunds on the cheap for a quick infusion of cash

Some companies struck deals to sell tariff refund shares before the Supreme Court even ruled against the president’s sweeping levies

The Independent UK

Amazon is ‘aggressively’ going after Fedex and UPS, insiders say

Amazon shook up the shipping world with its launch back in May with both UPS and FedEx stocks dropped by approximately 10 percent that day

The Independent UK

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Walmart warns customers of price hikes due to rising fuel costs

In total the rising fuel costs have resulted in a $175 million hit to Walmart’s operating income, the retail giant says

The Independent UK

Saks Global culls large chunk of its corporate workforce

About 640 jobs will be cut. When Saks filed for bankruptcy in January, it employed about 17,000 people

The Independent UK

Meet the new face of Walmart: America’s largest retailer goes on a remodeling spree and adds 20 new stores

Four super centers have already opened this year in Eastvale, California, and three Florida cities: Apollo Beach, Jacksonville and The Villages

The Independent UK

Wealthy Americans are turning to dollar stores in droves as inflation continues to bite

Walmart and Dollar General saw higher December traffic, showing shoppers are seeking savings, even at stores they do not typically visit

The Independent UK

5 Retailers Hit Hardest by Inflation and How To Save Money at Each One

Here are five retailers that have been hit hardest by inflation and how to save money at each one.

GOBankingRates

“I foresee a revival in 3-4 years that puts them toe-to-toe with Sweetwater”: Sam Ash Music has been acquired by Gonher Music – here’s what that could mean for the iconic retailer

The Mexican firm reportedly acquired Sam Ash Music's assets following a $15.2 million offer

Guitar World

Retail group pulls back on claim organized retail crime accounts for nearly half of inventory loss

The National Retail Federation has revised a report released in April that pulls back the claim that organized retail crime accounts for nearly half of overall industry shrink, which measures overall loss in inventory, including theft

The Independent UK

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