Study: Consumers Are Returning to Brick & Mortar Stores Post-Election
Shoppers are returning to brick-and-mortar stores in significant numbers this holiday season amid a notable cutback in post-election seasonal spending, according to a new consumer survey by First Insight, a customer-driven AI-powered retail platform.
Walmart de México y Centroamérica Celebrates Opening of 2,500th Bodega Aurrera
The new store, which joins the 31 stores that Bodega Aurrera operates in the state, has over 21,000 square feet and will generate over 50 new jobs.
Macy’s, Inc. Delays Q3 Results After Employee Hid More Than $132M of Delivery Expenses
A single employee with responsibility for small package delivery expense accounting intentionally made erroneous accounting accrual entries to hide approximately $132 million to $154 million of cumulative delivery expenses from Q4 2021 through Q3 2024.
USPS to Raise Rates in 2025 to Remain Competitive
The changes would raise shipping service prices by approximately 3.2 percent for Priority Mail and Priority Mail Express, 3.9 percent for USPS Ground Advantage, and 9.2 percent for Parcel Select.
Former President of Callaway Golf Joins Oncore’s Strategic Advisory Board
Frederick Port joins OnCore’s Board as it prepares to commercially launch Genius Ball, a product that “brings new insight to the game” with integrated data-tracking technology. The company said that Port will guide product launch strategies, global growth and partnerships within the golf ecosystem ”
Puma Opens Las Vegas Flagship
Located in the heart of the Las Vegas strip, the store offers a “retail experience” with various immersive and interactive features, including a professional F1 racing simulator, an interactive arcade and a customization studio where customers can personalize apparel and footwear.
Ross Stores Sees Q3 Sales Growth Slow from Stronger First Half Trend
The CEO said the retailer needed to execute better but also cited a combination of severe weather during the quarter from Hurricanes Helene and Milton, along with unseasonably warm temperatures, that also negatively impacted results.
NBA’s Giannis Antetokounmpo Launches Build Your Legacy Ventures
BYL Ventures to focus on early-stage startups in the entertainment and media, sports, consumer products, and technology categories.
Woom Bikes USA Recalls Children’s Off, Off Air and Original 6 Bikes
This recall involves the Original 6 bikes from model years 2016 to 2020 and Off 5 and Off Air 5 and Off 6 and Off Air 6 bikes from model years 2019 to 2020.
EXEC: Athleta Sees Benefit of Parent Investments as Positive Comps Return
Athleta’s third quarter net sales of $290 million were up 4 percent compared to Q3 last year. Comparable sales were up 5 percent year-over-year.
Segway Recalls Segway Ninebot P100 KickScooters Due to Fall and Injury Hazard
The company has received 31 reports of broken front forks, including six reports of injuries, including a fracture, cuts, scrapes, bruises, and shoulder pain.
Torque Fitness Promotes Jaime Bugge to Director of National Accounts
Bugge will focus on growing Torque’s partnerships with national fitness chains, wellness centers and athletic performance facilities, helping to equip diverse and expanding markets with the company’s equipment.
Pickleball Kingdom Franchisees Expanding Tennessee Footprint to Knoxville
This new Knoxville club joins Pickleball Kingdom’s growing presence in Tennessee, with additional locations already underway in Nashville, Hendersonville, Memphis, Chattanooga, and Murfreesboro, solidifying the state as a hub for premier indoor pickleball.
Topgolf Breaks Ground on Second Venue in Minnesota
This is the second venue in Minnesota for parent company Topgolf Callaway Brands Corp. in addition to an existing venue in Minneapolis’ Brooklyn Center.
EXEC: JD Sports Expects Full Year Profit at Lower End of Forecast on Weaker Comps
After a good start to the period, helped by strong back-to-school sales, the parent of the JD, Hibbett, Finish Line, DTLR, and Shoe Palace retail banners said it saw increased trading volatility in October, particularly in North America and the UK, reflecting elevated promotional activity and mild weather.
