Hobby Lobby Raises Starting Pay to $19.25 per Hour Amid Inflation Impact
Hobby Lobby, a retail chain founded in 1972, recently raised its hourly wage to $19.25, nearly 19% higher than...
inflation
Costco Focuses on Lower Prices Amid Inflation Concerns
Costco's Chief Financial Officer Richard Galanti says the company has no plans to raise prices despite recent public scrutiny...
European Shopping Trends: In-Store Preference and Omnichannel Opportunities
European retail is undergoing a significant transformation as consumers shift their spending habits, according to a new study by...
Early Holiday Shopping Trends: Consumers Start Early and Retailers Adapt
In a recent report, it's revealed that many consumers are starting their seasonal shopping earlier this year, with 65.5%...
Oliver Bonas Faces £6.8m Profit Drop Amid Inflation Challenges
In a challenging economic climate marked by high inflation and rising interest rates, Oliver Bonas saw profits drop to...
BoE Maintains Interest Rates at 5%, Aims for Inflation Control
In a recent decision, the Bank of England (BoE) chose to maintain interest rates at 5%, following a reduction...
Early Holiday Shopping Trends: Inflation Impact and Retailer Strategies
As Black Friday approaches in 70 days, retailers like Amazon and Target are pushing holiday promotions into late summer...
Big Lots Files for Bankruptcy and Introduces Early Black Friday Deals
Big Lots, which recently filed for Chapter 11 bankruptcy protection, is launching its holiday deals early in response to...
Holiday Retail Sales Growth Slows Down: Deloitte’s Forecast
Deloitte predicts a slowdown in holiday sales growth this year, forecasting a 3.5% to 4.6% increase compared to last...
Lidl Gains Market Share as Asda Struggles and Ocado Remains Fastest-Growing Grocer
Lidl's sales soar as Asda struggles: Lidl enjoyed a 9.1% increase in sales, boosting its market share to 8%,...