All articles tagged with #retail competition
Sam's Club is extending its store hours nationwide starting October 12, with most locations open from 8am to 8pm daily, including Sundays, to attract more last-minute holiday shoppers. The change includes earlier Sunday hours and reduced early access for top-tier members. These adjustments aim to compete with rivals like Costco, which has also recently expanded its hours, and are part of broader efforts to boost sales during the holiday season.
Target's CEO Brian Cornell is stepping down after 11 years amid ongoing sales declines, strategic missteps, and backlash over the company's retreat from diversity and inclusion initiatives, with Michael Fiddelke set to succeed him in 2026.
Dollar General is testing same-day delivery at about 75 stores to compete with retailers like Walmart and Amazon, which offer convenient delivery options. The service, called DG Delivery, allows customers to order through the Dollar General app with no fees or minimum order requirements. This move comes as Dollar General faces economic challenges and competition, particularly from Walmart, which has been capturing more of its middle-income customer base. The company plans to expand the delivery service to thousands of stores, leveraging third-party labor for deliveries.
Amazon's Prime Day, a major two-day promotional event, is expected to generate nearly $14 billion in sales, surpassing last year's $13 billion. The event highlights the value of Prime membership and sees significant participation from third-party sellers. Competing retailers like Target, Walmart, and Best Buy also offer deals to boost sales. The beauty category is anticipated to perform exceptionally well, with Amazon gaining market share and attracting premium brands. Despite economic concerns, consumer spending remains strong.
Walgreens is reducing prices on 1,300 items, including vitamins and hygiene products, to attract cost-conscious consumers amid high inflation. This move follows similar price cuts by Amazon, Walmart, and Target, as retailers compete to retain customers facing financial strain.
Amazon Fresh is cutting prices on 4,000 grocery items by up to 30% to attract budget-conscious shoppers, joining other major retailers like Target and Walmart in reducing prices amid rising inflation and decreased consumer spending. The discounts will rotate weekly and include both national brands and Amazon's private label products, with additional savings for Prime members. This trend reflects broader efforts by retailers to entice consumers who have become more frugal due to higher costs and stagnant incomes.