Best Buy scales back sales outlook as results top expectations

[ad_1] A shopper pushes a cart with a TV in front of a Best Buy store in Chicago, Illinois, November 25, 2022. Jim Vondruska | Reuters Best Buy on Tuesday…

Four reasons why the consumer is so confusing — and what that may mean for retail earnings

[ad_1] Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters High food prices. Low unemployment. And eye-popping spending on concert tickets and European trips. Retailers are chasing shoppers as…

Retailers say organized theft is biting into profits, but internal issues may really be to blame

[ad_1] This is part two of a three-part series on organized retail crime. The stories will examine the claims retailers make about how theft is impacting their business and the…

Turning dorm rooms into dollars: Back-to-college could boost retailers’ sales this fall

[ad_1] People walk on the campus of the University of North Carolina Chapel Hill on June 29, 2023 in Chapel Hill, North Carolina. Eros Hoagland | Getty Images Over the…

No more freebies: Companies crack down on customer perks and rewards

[ad_1] Shoppers at Brickell City Centre in Miami, Florida, US, on Wednesday, June 14, 2023.  Eva Marie Uzcategui | Bloomberg | Getty Images It’s not your imagination: Companies are getting…

The fight over a bill targeting credit card fees pits payment companies against retailers

[ad_1] Visa Inc. and Mastercard Inc. credit cards are arranged for a photograph in Tiskilwa, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images A bipartisan push in Washington to…

Student loan relief is gone for millions of Americans — here’s what it means for retailers

[ad_1] A shopper goes through shirts in the kids section at Old Navy in Denver, Colorado. Brent Lewis | Denver Post | Getty Images By striking down student debt forgiveness…

The Inform Act takes effect today — here’s how it aims to target organized retail theft

[ad_1] Locked up merchandise, to prevent theft in Target store, Queens, New York.  Lindsey Nicholson | Universal Images Group | Getty Images The Inform Act, a new law that aims…

Amazon says Prime Day will run July 11 and 12, introduces invite-only deals

[ad_1] Workers retrieve boxes at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, U.S., on Monday, June 21, 2021. Rachel Jessen | Bloomberg | Getty Images Amazon…

Nearly all Americans cut back on spending due to inflation, CNBC survey finds

[ad_1] Nearly all Americans are cutting back on their spending in some way, according to a new CNBC and Morning Consult survey. The survey found 92% of Americans are pulling…