Macy's reported impressive second-quarter earnings, beating Wall Street expectations. With revamped stores and a strategic focus on high-performing segments, the retailer is optimistic about the future despite tariff challenges. Discover how Macy's is reshaping its approach to thrive in a competitive market.
This holiday season, U.S. spending is expected to drop 5%, largely due to Gen Z's 23% cutback. Households are prioritizing value as economic uncertainty looms, reshaping shopping habits.
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Apple is reportedly preparing to remove the physical SIM card tray from the iPhone 17 series, expanding eSIM technology across more countries, including several in the EU. Retail employees are being trained to support this transition as Apple gears up for a major announcement.
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The end of the de minimis exemption, a provision allowing duty-free imports under $800, is reshaping global trade. Businesses brace for increased tariffs and consumers may face higher prices on everyday goods.
In a sweeping change, the Trump administration has terminated the de minimis exemption, impacting low-value parcel shipments to the U.S. This move aims to curb tariff evasion and combat the influx of dangerous goods. Retailers like Shein and Temu are scrambling to adapt to the new rules.
A sophisticated retail crime ring targeting Home Depots across Southern California has been dismantled, resulting in 14 arrests and a 48-count criminal complaint against key players, including the alleged leader facing 32 years in prison.
Walmart's shares dropped 2.5% in premarket trading after reporting Q2 profits below expectations, despite a revenue increase of nearly 5% year-over-year and strong eCommerce growth.
In a surprising move, Sony has announced an increase in the recommended retail prices for the PlayStation 5, effective August 21. The PS5 will now retail for $549.99, while the Digital Edition will be $499.99. The PS5 Pro will cost $749.99. Accessories remain unchanged.
