retailers

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That Costco Hot Dog Might Cost You a Membership Fee

It appears the warehouse retailer may be cracking down on nonmembers using its food court

(Newser) - If popping over to your local Costco for a $1.50 hot dog and soda combo or $1.99 pizza slice is part of your affordable-lunch routine, you may need a membership soon for that. "There are some signs—literally—the laxity is coming to an end," USA ...

Even Retailers Are Fed Up With Self-Checkout

Automated kiosks double theft rates, among other issues

(Newser) - Self-checkout machines aren't only annoying customers, Quartz reports, as a growing number of large retailers have begun rethinking the costly tech. Last year, companies like Target, Walmart, Dollar General, and British grocer Booths have pared down (and in some cases eliminated) how the automated systems work in their chains,...

People Wait Years for This Wine Sold at Costco

There's a (very) limited supply now of Screaming Eagle's cab sav, but be prepared to pay thousands

(Newser) - A hint of something special at Costco arrived earlier this month on Reddit , when one user posted a picture of a row of wine bottles, one with an eye-popping price tag of $3,699.99. "Had to make sure I was seeing correctly," the person wrote in the...

Zara Said Ads Had 'Artistic Context.' Critics Disagreed

Detractors says ads with shrouded mannequins resemble dead Palestinians in Gaza

(Newser) - Retail clothing chain Zara says it has pulled images from an ad campaign featuring statues wrapped in white coverings after some said they resembled the shrouded bodies of murdered Palestinians. Users left tens of thousands of comments on the Spanish brand's Instagram page criticizing the images, while calls to...

Online Shoppers, Today Is Your Big Day

With Black Friday, it's on to Cyber Monday, wrapping up 5-day Cyber Week for holiday shopping

(Newser) - Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday. Even though e-commerce is now part and parcel of our everyday lives and much of the holiday shopping season, Cyber Monday—a term coined back in 2005 by...

Retailers Boost Discounts to Lure Hesitant Shoppers

Economic uncertainty is affecting spending habits on Black Friday

(Newser) - Stores stepped up discounts and other enticements on Black Friday to entice shoppers holding out for the best deals. But retailers worry those may not be enough, per the AP . Consumers are coming under pressure as their savings dwindle and credit card debt grows. And although they've gotten some...

Retailers Steel for What May Be a Holiday Mixed Bag

Consumers seem set to spend on Black Friday, but how much, how long after that remains a question

(Newser) - The holiday season is a critical one for many US retailers, and with Black Friday just two days away, it appears consumers are gearing up for a shopping spree: According to the National Retail Federation, about 182 million people are expected to open their wallets online and at brick-and-mortar stores...

Bed Bath & Beyond Workers Report New 'Punch in the Gut'

First stores closed; now employees say they're being denied severance they thought they'd get

(Newser) - Back in mid-March, a report emerged that Bed Bath & Beyond—which is closing most of its stores and trying to avoid filing for bankruptcy protection —wasn't planning on paying out severance to laid-off workers, even though it had done so during past layoffs. The news came via...

This Retailer Is Bucking Black Friday for Good

REI says its #OptOutside policy will become permanent starting this year

(Newser) - The shift against Black Friday is continuing, with REI announcing it will be store policy to close its doors on the day after Thanksgiving. The Seattle-based outdoor goods retailer has remained closed on Black Friday each year since 2015 as part of its #OptOutside movement, per CBS News . "But...

Teeming With Inventory, Kohl's, Gap Resort to 'Pack and Hold'

Clothing retailers are tapping into unusual strategies amid an inventory glut

(Newser) - As summer tilts toward autumn, major clothing retailers have found themselves with a massive glut of inventory, forcing many chains to make tough choices. Per CNN, discounts and promotions are the usual strategies for clearing excess goods, but that's not good enough for Kohl's and the Gap. Both...

Start Digging in Your Sofa for Much-Needed Coins

Businesses across the US are begging people to put spare change into circulation amid shortage

(Newser) - Got a dime you can spare? Retailers, laundromats, and other businesses that rely on coins want you to turn it in, along with any other spare change in piggy banks or under couch cushions, as coins are in short supply again, the AP reports. A group of trade associations that...

FTC Orders Walmart, Amazon to Explain 'Sky-High Prices'

9 companies asked to turn over information on supply chain woes

(Newser) - Walmart, Amazon, and Kroger will have 45 days to answer to the Federal Trade Commission for their "empty shelves and sky-high prices." With the holiday shopping season now underway, the FTC has ordered nine large retailers, wholesalers, and suppliers including Procter & Gamble Co., Tyson Foods, Kraft Heinz...

Target Makes a Permanent Move on Thanksgiving

All stores will be closed on the holiday, this year and going forward

(Newser) - Target is bailing from one aspect of the holiday shopping rush: Its stores will be closed on Thanksgiving—not just this year, but on all Thanksgivings going forward, reports MarketWatch . The shift can be chalked up to the pandemic: The chain chose to close last Thanksgiving, and it also spread...

Guitar Center Files for Bankruptcy
Guitar Center:
It's Bankruptcy Time
Nov 22, 2020 1:00 PM CST

Guitar Center: It's Bankruptcy Time

The nation's biggest musical instrument retailer files for Chapter 11

(Newser) - The Guitar Center filed for Chapter 11 bankruptcy Saturday as yet another US retailer revealed its pandemic financial woes, Reuters reports. In a bankruptcy filing , the 61-year-old company said it plans to stay afloat with up to $165 million in fresh equity investments and a debt reduction of nearly $800...

COVID Changing Big Retailers' Holiday Plans

Target joins Walmart in closing for Thanksgiving

(Newser) - The coronavirus is already causing big retailers to modify their holiday shopping season. On Monday, Target said it would close its stores on Thanksgiving for the first time since 2011, reports USA Today . The move comes after Walmart announced that it, too, would close on Thanksgiving, the first time that'...

200-Year-Old Firm Becomes Latest Pandemic Victim

Brooks Brothers has filed for bankruptcy

(Newser) - Brooks Brothers, the 200-year-old company that dressed nearly every US president, filed for bankruptcy protection Wednesday, the latest major clothing seller to be toppled by the coronavirus pandemic. Founded in New York in 1818, Brooks Brothers survived two world wars and the Great Depression and even managed to stay afloat...

'Exhausted' Retailers See Some Record-Setting Good News

US retail sales jumped 17.7% from April to May, but retailers aren't out of the woods yet

(Newser) - US retail sales jumped by a record 17.7% from April to May, with spending partially rebounding after the coronavirus had shut down businesses, flattened the economy, and paralyzed consumers during the previous two months. The Commerce Department's report Tuesday showed retail sales have retraced some of the record-setting...

Walmart Stats Present a Snapshot of Pandemic

Sales surged, especially online, as Americans stocked up

(Newser) - The pandemic has brought financial ruin to some retailers . Not so with Walmart, whose sales boomed in the quarter that ended May 1, reports CNBC . Overall, same-store sales were up 10%, but the details show how the coronavirus radically altered shopping patterns. For one thing, online sales rose a staggering...

First Department Store Chain Falls to Coronavirus

Luxury giant Neiman Marcus files for Chapter 11

(Newser) - Neiman Marcus, the 112-year-old storied luxury department store chain, has filed for Chapter 11 bankruptcy protection, the first department store chain to be toppled by the coronavirus pandemic, per the AP . The move follows the bankruptcy filing by J. Crew , which became the first major retailer to reorganize during the...

First Big Retailer to Fail From Virus Files for Bankruptcy

J. Crew was already struggling even before the pandemic

(Newser) - J. Crew was having a tough time even before the pandemic arrived. Now, the New York Times says it's the "first major retailer to fall" from the virus, seeking bankruptcy protection to try to stay alive. On Monday, the clothing retailer's parent company, Chinos Holdings, filed to...

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