Retail

Sneaker giant is leaving downtown Seattle, Washington amid crime concerns and post-pandemic shopping woes as the city struggles to bounce back from the pandemic.

Walgreens has agreed to pay $83 million to the state of West Virginia to settle a lawsuit claiming the pharmacy chain contributed to the opioid crisis.

The National Retail Federation announced Wednesday that retail sales growth fell short of expectations but that we still ended the year "with impressive annual retail sales."

Americans pulled back on spending at restaurants, bars and other retail stores in December as they confronted high inflation and rising interest rates.

Party City has filed for Chapter 11 bankruptcy protection as persisting inflations dampens sales. It marks the latest in a line of companies that are facing similar struggles.

Lowe's CEO Marvin Ellison said that physical stores are the "biggest central competitive advantage" that retail companies can have in today's environment.

Bojangles teamed up with Appalachian Mountain Brewery to create an alcoholic beverage called the Bojangles Hard Sweet Tea. This is a first for both companies.

Andy Jassy announced that Amazon employees impacted by its largest layoff in history will start to get notified Wednesday. The company plans to lay off just over 18,000 people.

Kroger CEO Rodney McMullen said the company is working with its manufacturers to see how they can work together to reduce the costs for its financially constrained customers.

Lowe's CEO Marvin Ellison issued a positive outlook for 2023 saying that although there may be some economic slowdown, he doesn't believe there is going to be 'a big, massive recession.'

Walgreens announced on Monday that it lifted an online cap for purchasing children's fever-reducing medicines like Tylenol after in-stock conditions improved.

Saks Off 5th CEO Paige Thomas said full-priced retailers were playing in their 'sandbox a little bit' due to the influx of promotional activity across the industry.

During an interview during NRF 2023: Retail’s Big Show, Macy's CEO Jeff Gennette said gift giving periods 'were quite strong' but that there was a decrease in self purchases.

Maine has its first-ever Mega Millions jackpot win, with the prize worth $1.348 billion. The winning ticket was sold at Hometown Gas & Grill in Lebanon, Maine.

Experts at Bump Williams Consulting say that although prices for beer have risen in recent months, consumers are shifting habits instead of cutting back as prices rise twice as much as normal.

The New York Times has reported that Bed Bath & Beyond is the in the process of selling chief assets like Buy Buy baby to Sycamore Partners in New York.

LG Electronics issued a recall for 52,000 LG 86-inch smart televisions and stands that were sold nationwide and online are being due to "serious tip-over and entrapment hazards."