For decades, CVS seemed like the perfect business. It was convenient, sold a mix of products people wanted, and everyone was forced to go there (or to one of its rivals) when they needed to pick up a prescription. Now, however, the company has been fighting a war on many fronts. Consumers can order much
While Target’s latest earnings results reveal the retailer is making all the right moves to recover from previous sales struggles, the company is not catching a break in efforts to get those customers back to its aisles. In August, I reported that the company’s net sales had improved 5.3% year over year, hitting $26.5 billion,
A luggage brand that disappeared from the market after a bankruptcy is preparing to return, giving a familiar name in the travel industry a second chance. The relaunch comes as the luggage market continues to benefit from renewed travel demand and growing interest in premium products, while established brands look for opportunities to expand their
Few stories have taken as many turns as the saga of Nathan “Nearest” Green. Green, the first known African-American master distiller, was part of the process of creating the recipe for Jack Daniel’s. That was something that could not be recognized back in the 1800s, so Green remained “the best whiskey-maker the world never knew,”
A major discount retailer is closing several stores across the U.S. this year, but the moves don’t necessarily signal a broader retreat. The company has been evaluating which locations make sense for its evolving retail strategy as it looks at smaller store formats and new opportunities in markets where other retailers have pulled back. Founded
Headlines highlighting large retailers closing hundreds of stores frequently grab massive attention. However, sometimes beneath the flashy titles lies a story of a strategic store optimization that is yielding strong results. That is the case of a 44-year-old iconic mall retailer, which, after 40 quiet closings, is projecting a return to profitability. And while industry
Starbucks is giving customers more reasons to stop by this fall as it continues to reshape its menu and refresh the brand. The coffee giant has spent much of the past year simplifying its offerings, adjusting its approach to customization, and introducing new ways to bring customers back into its stores. Now, it is adding
Dick’s Sporting Goods has been one of the big success stories in the brick-and-mortar retail space. At a time when many rivals have been shrinking their physical store counts, the sporting goods giant has leaned into stores, creating new experiential concepts and generally rethinking its retail strategy. The chain has selectively built House of Sport
While it’s a giant player in the grocery space, Kroger lacks the buying power of bigger rivals Amazon and Walmart. You can add Costco to that list as well because its limited product selection magnifies its leverage with retailers. Unlike Kroger, Walmart and Amazon have other businesses, from advertising and memberships to general merchandise, that
A major consumer company is considering a move that could put several familiar household brands on the market. The move comes as the company reassesses parts of its portfolio and seeks to strengthen performance in a key market. If completed, the sale could reshape a personal care business that includes well-known products used by consumers