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Fortune

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Target can’t get its footing after its DEI program demise and a 40-day boycott against the retailer. Foot traffic at stores is down for the eighth consecutive week

For the week that began March 17, foot traffic fell 5.7% YoY for Target, according to data from Placer.ai.

01.04.2025 4

Fortune

Retail Brew

Costco workers now officially make $31 an hour—and can expect raises for the next two years

In other investments, Costco plans to open 25 new warehouse stores in the coming fiscal year.

11.03.2025 5

Fortune

Retail Brew

Shoplifting has become so rampant nearly 60% of shoppers say they feel safer shopping online than in store

Oscar Arango, former VP of assets protection at Target, said that not only did retail crime make consumers more concerned about their safety, but it...

05.03.2025 4

Fortune

Retail Brew

Forever 21’s DEI head pleads for her job as companies cut diversity-related roles: ‘We’re not the monster some people view us as’

Jennifer Velez, head of DEI at Forever 21, made the case for the importance of her role.

28.02.2025 2

Fortune

Retail Brew

Walmart may have mastered the dupe, but one exec says the company’s recent fashion success is thanks to its food business. It’s ‘a competitive differentiator that only we can deliver on’

Denise Incandela, EVP of fashion at Walmart, said she heard from store managers in more rural areas that Walmart was the “only game in town” when...

27.02.2025 6

Fortune

Retail Brew

Target backtracking its DEI efforts backfired. Store traffic dropped nearly 10% after the company’s move to conclude its diversity-related goals and initiatives

It was the first drop in foot traffic this year for Target.

22.02.2025 50

Fortune

Retail Brew

Bucking the ‘retail apocalypse,’ Dollar Tree and Five Below snatched up nearly 150 defunct Party City stores in auctions this month

The party supply store auctioned off 250 locations this month as part of its ongoing bankruptcy process.

20.02.2025 10

Fortune

Retail Brew

Super Bowl viewers are expected to beat their $670 million spend on snacks from last year totaling 107 million pounds

Consumers’ average spend on food and bevs for the big game is anticipated to be $44, up 3% from last year, according to Circana.

07.02.2025 10

Fortune

Retail Brew

18,000 Costco workers threaten to strike and ‘won’t work a day past Jan. 31’ if their contract demands aren’t met

While Costco is known for paying its employees higher wages than its competitors, the union is accusing the company of not sharing its recent success...

23.01.2025 40

Fortune

Retail Brew

Athletic Greens is ‘ready to start saying yes’ to new products. AG1 will expand and is projected to reach $600 million in revenue this year

While AG1 has sold just one product since 2010, it’s gearing up for its “first steps” into new retail channels and products, CEO Kat Cole said.

22.01.2025 4

Fortune

Retail Brew