YETI, a global designer, retailer, and distributor of innovative outdoor products announced its financial results for the first quarter with a remarkable revenue increase of 19% year over year. The company has experienced significant growth since 2019 with a 3-year CAGR of 24%,
Retail sales are up 0.9% in April compared to last month (seasonally adjusted) despite concerns over inflation, stock market volatility, continuing supply chain challenges and the war in Ukraine.
A new charter was announced by Sephora and Open to All, a nonprofit coalition of over 200 members, to mitigate racial bias in retail and create more welcoming environments for shoppers and employees.
Ulta Beauty released its first quarter (Q1) earnings for the fiscal 2022 year with sales up 21% to $2.3 billion compared to the same quarter last year. Net profits soared 44% over Q1 2021 to $331 million.
May month-over-month sales decrease was 0.3% for May. While many categories slowed compared to last month some category spending remained almost flat. Fuel sales were up 4% along with groceries up 1.2% compared to April, but both categories experienced higher prices for the month of May.
Carhartt, a global premium workwear brand that’s known for making durable products, just announced a pilot that will lead to the ability for customers to customize styles to meet their own work and outdoor apparel needs.
Customer shopping trends have shifted from last year and we’ll be seeing those shifts in Father’s Day gift-giving. Consumers are looking for easy-to-use, high-quality, stylish and comfortable styles that fit a more casual lifestyle at work and home.