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With Labubus and a Cat Cafe, a Shopping Mall Thrives in New York City
With Labubus and a Cat Cafe, a Shopping Mall Thrives in New York City

New York Times

time2 hours ago

  • Business
  • New York Times

With Labubus and a Cat Cafe, a Shopping Mall Thrives in New York City

On a warm Tuesday afternoon in Queens, '90s hits were blaring and the mall was bouncing. On the upper level, a family ate a late lunch around a cauldron of soup. Near the atrium, a girl chased neon tiles flashing on an interactive floor. In the cat cafe, a woman sought a relaxing moment with Dina, a gray-and-tan rescue dozing against a window. Welcome to Tangram: a 275,000-square-foot indoor shopping center in the middle of Flushing that is defying the slow death march of the American mall. Across the country, about 10 malls close every year. Only 950 remain open nationwide today, down from a peak of several thousand at the end of the 20th century, according to Green Street, a real estate research firm. Many are now empty relics of American consumerism, conjuring memories of anchor department stores and after-school hangouts. Those that are hanging on, like the Kings Plaza Shopping Center in Brooklyn, are increasingly hollowed out. On a recent visit to Kings Plaza, there were few shoppers, 11 vacant storefronts and a boarded-up space where a McDonald's used to be. Want all of The Times? Subscribe.

M&S' food sales growth slows again after cyberattack, says NielsenIQ
M&S' food sales growth slows again after cyberattack, says NielsenIQ

Reuters

time2 hours ago

  • Business
  • Reuters

M&S' food sales growth slows again after cyberattack, says NielsenIQ

LONDON, July 23 (Reuters) - British retailer Marks & Spencer's (MKS.L), opens new tab food business saw sales growth slow further to 4.3% year-on-year over the 12 weeks to July 12, reflecting the disruption that followed a cyberattack in April, industry data showed on Wednesday. Researcher NielsenIQ said M&S' grocery sales growth slowed from 9.1% in last month's report and 10.8% in the one before that. Its market share did, however, hold steady at 3.6%. As part of its management of the cyberattack, M&S stopped taking online clothing orders and also took other systems offline. That reduced food availability and also resulted in higher waste and logistics costs. In May, M&S said the attack would cost it about 300 million pounds ($406 million) in lost operating profit. The group resumed taking online orders for clothing lines on June 10 after a 46-day suspension following the attack, but it is yet to restart click and collect services. Most of NielsenIQ's data broadly echoed the findings of rival researcher Worldpanel's report on Tuesday, with robust performances from market leader Tesco (TSCO.L), opens new tab, number two player Sainsbury's (SBRY.L), opens new tab, discounters Aldi and Lidl and online supermarket Ocado (OCDO.L), opens new tab. However, M&S is not fully included in Worldpanel's market share data set. ($1 = 0.7390 pounds)

SAB CEO sees no slowdown, pressure in Saudi Arabia's business sectors
SAB CEO sees no slowdown, pressure in Saudi Arabia's business sectors

Argaam

time2 hours ago

  • Business
  • Argaam

SAB CEO sees no slowdown, pressure in Saudi Arabia's business sectors

Saudi Awwal Bank's (SAB) retail and corporate segments delivered strong results in the second quarter of 2025, Al Arabiya reported, citing SAB's CEO and Managing Director (MD) Tony Cripps. He emphasized that SAB sees no signs of slowdown or pressure across business sectors in the Kingdom. Cripps attributed the improved profitability during the quarter largely to effective cost management. The bank has not observed any distress in corporate client activity across segments, he said, noting that credit risk was limited to just one or two names among the bank's clients during Q2. The bank is currently comfortable with its capital levels, but future expansion will necessitate raising more capital. Thus, SAB intends to tap international markets again, with a growing focus on broader participation from Asian markets in upcoming financing rounds. SAB's CEO and MD pointed out that the bank was able to offset lower interest income with an increase in fee-based revenues, and that it focused on residential mortgages to stabilize interest returns. The bank also acted early in response to expectations of falling interest rates.

The WH-1000XM4 are a hit at $151 off in Walmart's exclusive promo
The WH-1000XM4 are a hit at $151 off in Walmart's exclusive promo

Phone Arena

time3 hours ago

  • Business
  • Phone Arena

The WH-1000XM4 are a hit at $151 off in Walmart's exclusive promo

If you recall, Prime Day brought an epic 45% discount on one of the best Sony headphones: the WH-1000XM4. But that promo was exclusive to Prime members. The good news? Walmart is now stepping in with an offer that's nearly as good. Even better, it requires no membership, meaning anyone can take black model is currently $151 off its regular $348 price, bringing it down to just $197. That's a solid discount you don't see every day; most price cuts hover between $100 and $120. What makes Walmart's current sale even more attractive is that neither Amazon nor Best Buy are matching it. So, if you missed out on this Prime Day's promo, now's your chance to save. $196 93 $348 $151 off (43%) Walmart is bringing the Sony WH-1000XM4 back in the spotlight with its latest sale. Right now, you can get the premium headphones in Black for $151 off, which is a pretty solid bargain. Get yours and save big while it lasts. Buy at Walmart $296 $399 99 $104 off (26%) Alternatively, you can grab the more contemporary Sony WH-1000XM5 with an exciting $104 discount. The promo is only available on the model in Black, so keep that in mind. Buy at Walmart The XM4 clearly aren't the latest flagship Sony headphones. After all, we have the XM5 and the recently released XM6. If you're not up for getting a slightly older set of headphones, we suggest the XM4's successor. The WH-1000XM5 are on sale at Walmart, offered with a $104 discount. That means you can buy them for $296 instead of $399.99. Even though they're not a spring chicken, the XM4 remain among the best high-end wireless Bluetooth headphones, featuring impressive ANC performance that lets you immerse yourself in your favorite tunes. During our time with them (check out our Sony WH-1000XM4 review for details), we also found the sound quality to be exceptional. You get just enough bass to keep the energy up without causing headaches, ultra-detailed mids, and well-separated high tones that give vocals a rich, airy presence. Factor in a battery life of up to 30 hours and fast charging support that delivers up to five hours of playtime within 10 minutes, and you've got over-ear headphones that won't let you down. If you like what they bring to the table, now's definitely the time to take advantage of Walmart's incredible $151 discount.

Prestige Consumer Healthcare Inc. (PBH) Reinvents Retail Strategy for the Digital Age
Prestige Consumer Healthcare Inc. (PBH) Reinvents Retail Strategy for the Digital Age

Yahoo

time3 hours ago

  • Business
  • Yahoo

Prestige Consumer Healthcare Inc. (PBH) Reinvents Retail Strategy for the Digital Age

We recently published Prestige Consumer Healthcare Inc. stands first on our list and is accelerating digital shift and boosting retail speed. Prestige Consumer Healthcare Inc. (NYSE:PBH) tops the list for being the most undervalued stocks. It is a leading marketer of over-the-counter (OTC) healthcare products, offering a wide range of personal wellness brands like Monistat, Summer's Eve, Dramamine, Clear Eyes, and DenTek. Headquartered in Tarrytown, New York, the company operates across the U.S., Canada, Australia, and select international markets. In 2025, a major development will be Prestige Consumer Healthcare Inc. (NYSE:PBH)'s digital transformation. By centralizing content management through platforms like Salsify, the company can now update product descriptions, images, and health information across retail partners like Walmart and Target within hours instead of weeks. This has improved product accuracy, boosted e-commerce visibility, and allowed the company to respond quickly to trends and regulations. 15 States with the Best Healthcare in the US The company's digital strategy also focuses on enhancing consumer engagement with lifestyle imagery and user-generated content, helping build stronger brand connections. The digital upgrade has made the corporation a more agile, tech-forward healthcare company ready to meet the growing demand for online health solutions. Additionally, the business remains committed to quality and consumer safety. The call center fields over 75,000 consumer inquiries annually, which helps inform product innovation. Rigorous testing, compliance checks, and third-party audits ensure high standards across its supply chain. By investing in digital tools and maintaining strong retailer relationships, Prestige Consumer Healthcare Inc. (NYSE:PBH) continues to build consumer trust and loyalty while leading in the evolving OTC healthcare market. While we acknowledge the potential of PBH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. Sign in to access your portfolio

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