FINANCE

NRF: Returns totaled $743B in 2023; reach 14.5% of sales
Retailers have been focused on efforts to mitigate returns — and with good reason.
How are consumers celebrating Christmas this year?
A new survey reveals how many consumers will be observing Christmas, as well as where and on what they plan to spend their holiday money.

AI to influence $194 billion in online holiday sales

Artificial intelligence (AI) and buy online, pickup in store (BOPIS) are retail tech trends to watch this holiday season.
Here’s where top-performing large retailers make tech investments

A new survey reveals the technology investment priorities of some of the most successful U.S. retailers.
Online grocery sales hit $8 billion in November

Online grocery sales in the U.S. in November rose more than 5% compared the same month last year, according to Brick Meets Click.
Getir completes FreshDirect acquisition

Turkish ultrafast delivery platform Getir is the official owner of U.S. online grocer FreshDirect.
Costco posts strong quarter; up store openings; no membership fee hike — yet

Costco Wholesale Corp.’s new fiscal year is off to a strong start with the company reporting better-than-expected earnings and revenue for its first quarter.
IHL: Leading retailers have distinct IT spending plans for 2024

Retailers with the best 2023 sales growth have IT spending strategies unlike those of their lower-performing peers.
Done Deal: RaceTrac completes acquisition of Gulf Oil

RaceTrac has completed the largest acquisition in its history.
Chipotle invests in sustainable farming robots, fertilizer products

Chipotle Mexican Grill is making two new investments from its Cultivate Next venture fund.

NRF: Returns totaled $743B in 2023; reach 14.5% of sales