Retail

The big picture

Checkers hopes to serve up a turnaround and then a refinancing
Checkers hopes to serve up a turnaround and then a refinancing

Revenue from Jan. 1 through late October of 2021 was $271 million, up 8% compared to the same period a year prior.

Jan 13, 2022 - Economy & Business
Retailers of concern

Retailers improved in 2021 but headwinds persist, and for some, credit concerns remain.

Jan 7, 2022 - Economy & Business
The impending retail apocalypse

The coronavirus and online shopping are forcing brick-and-mortar retail stores to close, often for good.

Jul 6, 2020 - Economy & Business
Coronavirus retail apocalypse could be a win for chains that survive

That could benefit budget names like Ross and Kohl's.

May 19, 2020 - Economy & Business
Deep Dive: How vanity will save retail

If Main Street is going to be saved, enduring American vanity will be among the primary reasons.

Updated Jan 12, 2019 - Economy & Business

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Brands let customers opt out of Valentine's Day deluge

Illustration: Shoshana Gordon/Axios

More and more brands are giving their customers a heads up and the chance to opt out of marketing emails ahead of holidays like Valentine's Day.

Why it matters: Advertisements and promotions around holidays — particularly ones that celebrate relationships — can cause anxiety and depression. And we're bombarded with them: Overall, we've gone from being exposed to around 500 ads a day in the 1970s to around 5,000 a day now.

Hope King, author of Closer
Updated Jan 21, 2022 - Economy & Business

Peloton pumps its brakes

Data: FactSet; Chart: Axios Visuals

Peloton’s popularity is falling as swiftly as it shot up.

Why it matters: Not all pandemic habits stick around. Peloton's trajectory over the past two years exemplifies how challenging it's been for companies to gauge shifts in consumer demand — particularly in sectors heavily altered by the pandemic.

Authentic Brands Group plans to let "Reebok be Reebok" after acquisition

Jamie Salter: Photo: Jamie McCarthy/Getty Images

Authentic Brands Group plans to let "Reebok be Reebok" after acquiring the sneaker brand from Adidas on March 1, ABG founder and CEO Jamie Salter told Axios' Richard Collings during Thursday's Axios Pro kickoff event.

What he's saying: "We're going to focus very big on the classic entertainment fashion side and the other 50% on the athletic side," Salter said.

Retail bankruptcies are on the decline

Expand chart
Data: S&P Global Market Intelligence; Chart: Baidi Wang/Axios

Retail bankruptcies plummeted by more than half in 2021, matching the lowest level notched over the past decade.

Why it matters: This may signal an end to the pandemic-prompted retail apocalypse.

Hope King, author of Closer
Jan 14, 2022 - Economy & Business

Record level consumer demand drops as high prices surge

Data: FRED; Chart: Thomas Oide/Axios

Record levels of consumer demand are petering out as high prices cut into wages and add to household worries.

Why it matters: Shoppers will hold off on buying if goods get too expensive — a trend that if big enough could slow down economic growth.

Retail sales slipped a surprising 1.9% in December

Shoppers in San Francisco on Dec. 22. Photo: David Paul Morris/Bloomberg via Getty Images

Retail sales fell 1.9% in December compared to the previous month, suggesting that shoppers bought holiday gifts earlier last year as they faced rising inflation and supply chain issues.

Driving the news: The data is much lower than the 0% change predicted by economists, according to FactSet.

Scoop: Russell Wilson and Ciara seek $20-50M for Series A

Russell Wilson and Ciara. Photo: Luca Zanon/Awakening/GC Images

The House of LR&C, a Seattle-based fashion startup founded by NFL quarterback Russell Wilson and singer Ciara, plans to raise between $20 million and $50 million this spring for its series A funding.

  • The range of that fundraising total gives it a rough valuation of between three and five times the company's revenue, its CEO Christine Day tells Axios.
Jan 10, 2022 - Economy & Business

Main Street without workers

Illustration: Aïda Amer/Axios

As labor grows scarcer and pricier, stores are turning to cashier-less checkout to stay in business.

Why it matters: Businesses increasingly face the almost unheard-of predicament of figuring out how to keep their doors open with fewer — or no — employees.

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