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2023 Retail Industry Discussion Thread


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#1 Brad  OFFLINE  

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Posted Jan 8, 2023 - 1:52 pm

Looking like we could lose several more retailers this year.

 

 

Bed Bath & Beyond getting close to bankruptcy 

 

https://www.cnn.com/...ture/index.html

 

 

Party City nears bankruptcy 

 

https://www.dallasne...s-through-cash/

 

 

Macy's closing a few more stores

 

https://www.axios.co...osing-list-2023



#2 Brad  OFFLINE  

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Posted Jan 9, 2023 - 5:39 am

Some good/bad Best Buy news this morning:

 

Thank you for being a My Best Buy member. A couple of changes are coming to the program that we'd like to let you know about.

Shipping change:

Starting now, as a My Best Buy member you'll get free shipping on all BestBuy.com orders, with no minimum purchase required. You'll also continue to have access to exclusive member offers, order tracking and your saved purchase history.

Reward points change:

The second change is that on February 14, 2023, earning points on eligible Best Buy purchases will become an exclusive benefit of the My Best Buy Credit Card.



#3 Kanyon71  OFFLINE  

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Posted Jan 9, 2023 - 8:19 am

That second part sucks. Honestly can't tell you the last time I actually ordered from BB for shipping. It's been years. I just do pickup.



#4 Brad  OFFLINE  

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Posted Jan 18, 2023 - 9:17 am

Party City files for bankruptcy

 

 https://www.cnn.com/...city-bankruptcy



#5 marathonshopper  OFFLINE  

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Posted Jan 22, 2023 - 3:28 pm

Some good/bad Best Buy news this morning:

 

Thank you for being a My Best Buy member. A couple of changes are coming to the program that we'd like to let you know about.

Shipping change:

Starting now, as a My Best Buy member you'll get free shipping on all BestBuy.com orders, with no minimum purchase required. You'll also continue to have access to exclusive member offers, order tracking and your saved purchase history.

Reward points change:

The second change is that on February 14, 2023, earning points on eligible Best Buy purchases will become an exclusive benefit of the My Best Buy Credit Card.

I guess for me this is ok news.  I like the free shipping now, and as for the reward certificates, I didn’t spend enough the last 2 years to even earn one, and I’m sure not opening a credit card with them just to earn rewards. Not worth it to me, since we don’t seem to be buying a ton there these days.  I would have thought that in order to draw more customers back in, that lowering the spend amount to earn a reward would be better than making it where only a limited amount of customers earn them. Back a few years ago when the spend amount was considerably less than it is now, we used to earn rewards fairly frequently and we always spent much more when we redeemed the rewards.  But the free shipping will come in handy if we do order something. 



#6 marathonshopper  OFFLINE  

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Posted Jan 22, 2023 - 3:38 pm

I really hope Party City and Bed, Bath & Beyond can turn it around, particularly Bed, Bath & Beyond for me.  I am a gadget girl and they get a chunk of $ from me.  I hate when brick-and-mortar stores close because I am a person that likes to see the quality of an item before buying. Not all places offer free returns and I hate to have to return things anyhow. I’d rather just be able to see what I’m getting and know I have it in hand instead of ordering and hoping it shows up, and is intact when it does!!  



#7 Kanyon71  OFFLINE  

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Posted Jan 22, 2023 - 4:22 pm

I’ve relied less and less on Amazon the past few years. I’ve grown tired of having to return so much stuff because it’s garbage with what appears to be 15,000 fake reviews.

#8 lucyismycat  OFFLINE  

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Posted Jan 28, 2023 - 5:57 am

 

 

Macy's closing a few more stores

 

https://www.axios.co...osing-list-2023

 
for the life of me, I cannot understand how our local Macy’s store is still in operation. I TRY a to shop there, but they don’t have anything in store. I haven’t been able to buy clothes for my kids in at least two years. If I want something, I have to order it, and it’s 5-8 days for shipping. I went again at Christmas to see what they had, and there are huge open areas of the store with no merchandise whatsoever. What they do have looks like a yard sale. I’m glad they’re still there, I guess? But I’m not sure how. 



#9 cllehto  OFFLINE  

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Posted Jan 28, 2023 - 9:03 am

 
for the life of me, I cannot understand how our local Macy’s store is still in operation. I TRY a to shop there, but they don’t have anything in store. I haven’t been able to buy clothes for my kids in at least two years. If I want something, I have to order it, and it’s 5-8 days for shipping. I went again at Christmas to see what they had, and there are huge open areas of the store with no merchandise whatsoever. What they do have looks like a yard sale. I’m glad they’re still there, I guess? But I’m not sure how. 

I went to the local Macy's after Christmas. They didn't have much besides the Christmas clearance stuff at 50-75% off. Lots of empty space. I thought maybe it was just because it was after Christmas. The floors has damaged and missing tiles. It just didn't look like a nice place to shop any more.






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