Target Reduces Salaried Employee Bonuses Following 2024 Results
Kristina Stidham
Target salaried employees who are eligible for bonuses will only receive 87 percent of their potential bonus for fiscal year 2024 based on total-year financial performance, reports YahooFinance. That percentage is a considerable drop from FY 2023, when bonuses were paid at 100 percent. In …
How Better Product Experiences Can Reduce Returns, Enhance Brand Loyalty, and Protect the Planet
Laetitia Korn
The holiday season has come and gone, and as the dust starts to settle, this means one thing for most brands: returns. While it’s always been normal for consumers to exchange that one gifted shirt that didn’t quite fit right or that well-intentioned but hideous …
Dollar Tree to Sell Family Dollar Brand
Marie Albiges
Ten years after acquiring the Family Dollar brand in an effort to fit it into its wider bargain store business, Dollar Tree is selling off the retailer for $1 billion. The Virginia-based company announced Wednesday it was selling Family Dollar to private capital firms Brigade …
Rethinking Retail Loyalty: Why Travel Rewards Could Be the Next Big Strategy
Jeff Zotara
American consumers have become value-obsessed, shaping their shopping behaviors. In the last quarter of 2024, McKinsey reported that 74 percent of U.S. shoppers admitted to trading down — i.e., switching retailers, delaying purchases, or seeking better value — despite spending more overall than in previous …
Kroger Countersues Albertsons in Wake of Failed $25B Merger
Joe Keenan
Kroger countersued Albertsons on Tuesday, escalating a legal battle between the companies following the collapse of their proposed $25 billion merger in December. Albertsons terminated the merger immediately after courts blocked it and sued Kroger, alleging a breach of contract that led to the deal falling apart. Albertsons …
Building a Retail Media Business: Challenges to Overcome and Solutions to Employ
Diana Abebrese
Retail media is one of the fastest-growing advertising channels. Estimates from eMarketer anticipate that U.S. retail media ad spending will increase by 88.5 percent from 2024 to 2028. This growth will bring significant investment from retailers as they expand their marketplace offerings. However, unchecked excitement …
Beyond Sells Majority Stake in Zulily for $5 Million
Beyond, the parent company of Bed Bath & Beyond, buybuy Baby, Overstock, and Zulily, announced Tuesday it was selling off its Zulily brand to Lyons Trading Company for $5 million. Beyond will keep a 25 percent stake in the brand, according to a press release. …
Shoppers Expect Omnichannel, Personalized Experiences — Does Your Brand Have What it Takes?
Amit Patel
Buyers today are demanding seamless, connected retail experiences that integrate online and offline channels. In fact, 73 percent of retail consumers are now categorized as omnichannel shoppers. Furthermore, these shoppers want brands to deliver highly customized, relevant interactions — with 60 percent saying they’ll become …
Forever 21 Files for Bankruptcy for Second Time in 6 Years
Forever 21’s U.S. operating company on Sunday filed for bankruptcy for the second time in six years and said it would wind down its domestic operations, hurt by mounting online competition in the fast-fashion sector and weak mall traffic, reports Reuters. It blamed the situation …
How Retailers Can Overcome the $1.7 Trillion Inventory Distortion Problem
Jessica Grisolia
Inventory distortion is a critical problem for retailers and, if left unaddressed, it will only worsen. The term refers to the total business costs resulting from both overstocking and stockouts. Just last year, the cost of inventory distortion in retail amounted to $1.7 trillion worldwide. …
