Barclays analyst Adrienne Yih downgraded Bath & Body Works (BBWI) to Underweight, citing concerns about rising inventory levels, promotional activity, and the deteriorating US consumer environment. Yih anticipates continued pressure on sales and margins in 2025, with potential declines in both. The analyst also highlighted the need for Bath & Body Works to invest in premium product offerings to shift away from its heavily promotional strategy and stay competitive.
Leafly Holdings, the cannabis discovery marketplace, reported a revenue decline in Q3 2024 compared to the same period last year, attributing it to fewer retail accounts and budget constraints among customers. However, the company highlighted its efforts to stabilize its retail business and achieve positive adjusted EBITDA for two consecutive quarters. Leafly plans to capitalize on growth opportunities while focusing on cost efficiency and resolving its convertible notes due in January 2025.
Emirates, the world’s leading international airline, has launched its first Emirates World store in Nairobi, Kenya. This innovative retail concept, designed to elevate customer experience, marks the airline’s debut in Africa and promises a personalized and interactive journey for travelers. The store offers dedicated consultants, smart technology, and immersive displays, showcasing Emirates’ distinctive services and inspiring travelers to ‘Fly Better’.
Retail workers share their hilarious and outrageous experiences with customers trying to pull fast ones. From fake stories about dog-chewed shoes to elaborate refund schemes, these tales reveal the creativity (and audacity) of some shoppers.
Grocery Outlet Holding Corp (GO) exceeded analysts’ expectations in its third-quarter earnings report, sending its stock soaring. Despite the positive results, analysts have mixed opinions on the company’s future prospects, with some lowering price targets.
The Retail & Hospitality Information Sharing and Analysis Center (RH-ISAC) has announced its 2024 Board of Directors, featuring new and returning members from industry leaders like CAVA, Hyatt Hotels, and Booking.com. The new members bring decades of cybersecurity experience, bolstering RH-ISAC’s mission to safeguard the retail and hospitality sectors against evolving cyber threats.
The Game store in Bradford’s The Broadway shopping center is set to close this weekend, marking another closure for the retailer. The store, known for selling consoles, headsets, and board games, is offering a 20% discount on all full-price items leading up to its closure. While a new fashion and beauty retailer is expected to take its place, shoppers express disappointment over the loss of the gaming destination.
Wayfair Inc. (W) reported better-than-expected third-quarter earnings, exceeding analyst estimates for both earnings per share and revenue. Despite this positive performance, the company’s shares fell in after-hours trading. The decline may be attributed to a decrease in active customers and orders compared to the previous year, along with ongoing concerns about the economic climate.
In a competitive cannabis market, building customer loyalty is key. Experts at the Benzinga Cannabis Capital Conference reveal how brands are leveraging budtender partnerships, customer engagement strategies, and loyalty programs to stand out and drive repeat business. Learn how brands are using innovative tactics to educate budtenders, foster positive customer experiences, and create lasting relationships with their consumers.
Westcliff, a prominent real estate development and management company, has acquired Champlain Place, a major shopping center in Dieppe, New Brunswick. This acquisition strengthens Westcliff’s presence in Canada and showcases its commitment to high-quality assets in key growth markets. The property boasts impressive sales and a diverse mix of renowned tenants, making it a valuable addition to Westcliff’s portfolio.
