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Industry News
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Big Lots may close up to 315 stores
Aug.06,2024
The retailer requires “significant changes to the business model to continue as a going concern,” analysts said.Read More + -
Resource Furniture expands in Los Angeles, Visual Comfort opens three new stores, and more
Aug.01,2024
From store debuts to new flagships, the showroom industry is as hot as the summer heat. BOH has gathered all the showroom news to have on your radar this month.Read More + -
Wayfair’s first store is finally here. What’s it like?
Jul.31,2024
Next week the home furnishings e-commerce giant will open its first large-scale store, a 150,000-square-foot retail palace in the Chicagoland market. Its success (or failure) will be a critical signal for the company, which has struggled to obtain profitability with a largely digital strategy. This project has been in the making for some time, having been first announced three years ago with an originally planned launch date of spring 2023.Read More + -
TikTok Shop spend jumps during Deals for You Days
Jul.26,2024
U.S. shoppers spent $52 each during the social platform’s July sale, a historic high and a break from recent declines, according to Earnest Analytics.Read More + -
5 trends shaping the future of retailer-supplier partnerships
Jul.26,2024
Collaboration between retailers and suppliers isn’t new, but it’s taken on a new sense of urgency. After facing numerous supply chain challenges and disruptions in recent years, retailers are doubling down on supplier partnerships. Discover 5 practical strategies retailers are implementing to strengthen their supplier relationships and drive mutual success.Read More + -
Home Category Keeping Pace in Shifting E-Commerce Marketplace
Jul.24,2024
E-commerce shifts in June suggest that while economy and consumers response to it continue to bring some volatility to retail e-commerce sales, the home goods and decor business is keeping pace in a dynamic marketplace.Read More + -
Ross Stores adds 24 new locations in 2 months
Jul.24,2024
The off-price retailer still sees a path to 2,900 locations of its namesake banner as it also improves its value offering at DD’s Discounts.Read More + -
The owner of Homebase is mulling a sale of the DIY retailer after a takeover approach from The Range
Jul.24,2024
Homebase owner Hilco Capital is reportedly mulling a sale of the DIY retailer to The Range after being approached regarding a potential takeover.Read More + -
Depot files for bankruptcy
Jul.24,2024
Decorative items retailer operates around 300 branches nationwide The home accessories retailer Depot has filed for bankruptcy. The company has around 300 branches nationwide, as well as locations in Switzerland and Austria. In Germany, the chain employed around 4.400 people last year.Read More + -
Consumer Spending ‘Difficult to Read’ as June Retail Sales Remain Nearly Unchanged
Jul.18,2024
NRF Chief Economist says "spending has been uneven" as month-over-month data shows little growth.Read More +
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