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☆ Walmart's not waiting for Black Friday. it's ready for holiday shoppers now
▼ + stars: | 2022-09-22 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNNBusiness —Halloween is still a month away, but Walmart is ready for Christmas. Walmart on Thursday said it’s getting the ball rolling on its year-end holiday shopping season at its stores and online as early as next month. The retailer said it is also changing its return policy for Walmart and Walmart+ subscription service customers to give this year’s early gift shoppers more time to make returns. Given the company’s status as an industry bellwether, it’s too soon to say whether Walmart’s earlier-than-usual holiday push could trigger other retailers to follow suit. “If there are fewer gift purchases by consumers, expect to see even more holiday promotions than ever.”

☆ Kanye West says he’s terminating his partnership with the Gap
▼ + stars: | 2022-09-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

“We wanted to address the headlines of today and the past several weeks related to Yeezy Gap. And we are deciding to wind down the partnership,” Mark Breitbard, president and CEO of Gap Brand, said in the email. As it now moves to wind down the partnership, Gap said existing merchandise from Yeezy Gap will continue to be sold in the company’s stores and its website. West also said that Gap was required to sell 40% of Yeezy Gap products in its retail stores, which hasn’t materialized, according to The Wall Street Journal. “While Kanye could have injected a dose of energy into Gap, the incompatibility of the two visions meant that frustrations were inevitable.

☆ Parents struggling with inflation: 'I left that $25 backpack for my preschooler at the checkout.'
▼ + stars: | 2022-09-04 | by ( Parija Kavilanz | Cnn Business | ) edition.cnn.com time to read: +6 min

New York (CNN Business) As Sarah Longmore finished her back-to-school shopping, the mother of five looked at a $25 backpack for her preschooler. Like Longmore, many parents — regardless of income — are finding their back-to-school dollars aren't going as far as they once did. Just 36% of parents said they would be able to pay for everything their kids need this school year, according to Morning Consult's annual back-to-school shopping report . JUST WATCHED Online shopping prices are starting to ease. Here's why that's significant Replay More Videos ... MUST WATCH Online shopping prices are starting to ease.

☆ Consumers are still buying lots of furniture, electronics, home decor and clothing — from each other
▼ + stars: | 2022-08-30 | by ( Parija Kavilanz | Cnn Business | ) edition.cnn.com time to read: +1 min

New York (CNNBusiness) Savvy consumers have found a way around sky-high inflation to keep buying more than just necessities. They're doing it by shopping for their closets, homes, outdoor spaces, home offices and workout areas not from retailers but from each other. Walmart WMT Target TGT Bed Bath & Beyond BBBY Large chains such as, andare struggling with an oversupply of merchandise and lack of demand for discretionary items like furniture, electronics, home decor and clothing. But those are exactly the categories that are in hot demand in the secondhand marketplace, according to the fourth annual industry report from OfferUp, a leading online resale marketplace. "While recommerce has become popular in culture with its use for clothing resale, our research found that 76% of items bought and sold pre-owned are not apparel and instead fall into the categories of electronics, furniture, home goods, home improvement, sporting goods, outdoor equipment and auto parts," OfferUp CEO Todd Dunlap, said in the report.

☆ Why lab-grown diamond sales are surging
▼ + stars: | 2022-04-27 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

He said March data showed the number of engagement rings sold that featured a manufactured diamond jumped 63% compared to last year, while the number of engagement rings sold with a natural diamond declined 25% in the same period. “The big fear in the natural diamonds industry is that consumers will start accepting lab-grown diamonds in engagement rings,” he said. “This is substantially less – as much as 73% cheaper – than a natural diamond of the same size, cut and clarity as the man-made diamond, which would cost $8,740,” he said. “A lab diamond is a real diamond, but maybe it took a few weeks to make it,” said Golan. There is, however, one important consideration for anyone buying lab-created diamonds: Man-made diamonds have little resale value.

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