As we close out summer and enter fall, many of us will soon start thinking ahead all the way to the holiday season. Retailers and consumers alike are keenly aware that inflation rates are higher than they’ve been in decades and this holiday will be unique. Consumers are worried about being able to afford gifts […]
Last week, Target announced its quarterly earnings. The results surprised many – and with Target being a retail bellwether, it had some wide-ranging implications and effects. While revenue grew 4% year-over-year, Target’s operating income declined 43%. Target’s CEO, Brian Cornell, cited a confluence of factors – accelerated shifts in spending, rising costs of labor, transportation, […]
Last week, the New York Post reported that J.C. Penney owners and largest U.S. mall operators Simon Property Group (“Simon”) and Brookfield Asset Management (“Brookfield”) have submitted an offer to acquire Kohl’s for more than $8.6 billion, or $68 per share. Kohl’s has been under pressure from activist investors to sell, and in a March […]
Super Bowl LVI will be played at SoFi Stadium in California this Sunday between the Cincinnati Bengals and the Los Angeles Rams. The Super Bowl delivers excitement not only for football fans, but also for casual viewers looking forward to new commercials and the halftime show. The game will be the climactic culmination of months […]
Last week, Leap, the retail as a service company that helps emerging brands launch and grow their physical retail channel, announced a $50 million capital raise. According to the company’s press release, the investment will be used to open new stores and improve Leap’s technology platform. Leap states that in 2021, the company quadrupled its […]