Store closures were up 57% in 2024
This is the highest number of store closures since 2020, when the COVID-19 pandemic caused widespread disruption.
Retail News
California's new shoplifting laws take effect
Key measures include extending probation for shoplifting to two years, enabling longer monitoring of offenders, and expanding arrest powers for law enforcement.
Cloud Haircare launching in CVS
A new era in haircare begins January 3rd at CloudHaircare.com and CVS.
McKesson Corp. completes divestiture of Canada-based Rexall and Well.ca businesses
Birch Hill acquired the drugstore chain from McKesson Corp. in a transaction that closed Dec. 30.
Appriss: Fraudulent returns and claims cost retailers $103B in 2024
The report reveals no signs of returns fraud slowing down.
Big Lots makes deal to save brand and keep hundreds of stores open
Agrees to a sale transaction with Gordon Brothers Retail Partners that enables the transfer of assets to other retailers and companies, including variety wholesalers.
Visa analysis: U.S. rings in holiday retail spending growth
This year, Visa’s preliminary insights indicate that the overall holiday retail spend in the U.S. increased 4.8% year over year.
Mastercard SpendingPulse: Total U.S. retail sales grew 3.8% this holiday season
Consumers increasingly preferred digital-first shopping this year, with e-commerce, curbside pick-up and delivery being top-of-mind for the festive season.
Big Lots is planning "going out of business" sales at all of its stores
Company no longer anticipates closing previously announced sale to Nexus Capital Management.
Circana: Holiday spending lower than in 2023
Holiday 2024 retail sales face a 3% decline compared to last year despite Black Friday and Cyber Monday boosts.
Hy-Vee offering limited-edition Caitlin Clark basketballs
Clark designed two new basketballs for the Inspire Series – the Tribute and the Dreamer.
Aetna Health app introduces Spanish support
Aetna expands app functionality to better connect with Spanish-speaking members
Rite Aid Healthy Futures gives almost $12 million to nonprofit organizations
Aims to drive progress against acute challenges facing children and youth.
Walmart pilots body cameras for store employees
Walmart is testing body cameras for store employees to enhance worker safety amid concerns about harassment and aggressive customer behavior.
Forbes recognizes Kroger as a leader in workplace culture and pharmacy customer service
"We are honored to be recognized by Forbes as one of the Best Employers for Tech Workers and for our unparalleled customer service specifically in pharmacy."
Holiday spending on track to meet NRF forecast
"November's results show a strong start to the traditional holiday season."