Inflation is creating both opportunities and challenges for sustainable fashion: While price-sensitive consumers are more interested in buying secondhand, they are also less willing to pay a premium for sustainably produced apparel.
Fanatics raises $700 million: Despite market turmoil, investors continue to pour cash into the sports-merchandising giant.
Retailers are increasingly turning to robotics to enhance their operations: No longer just for early adopters like Amazon, automation is taking retail by storm, from the warehouse and the fulfillment center to the cashier.
Reddit looks to get its engaged audiences on advertisers’ radar: Insights director says CES is opportunity to showcase platform’s value.
The firm introduced a crypto payments onramp to facilitate purchases for web3 platforms despite recent crypto turmoil.
BJ’s Wholesale Club is the latest retailer to launch a media network: At the same time, Instacart is adding more promotional capabilities to help drive sales among cost-conscious shoppers.
If Cyber Five trends hint at what to expect from the rest of the holiday season, expect buy now, pay later (BNPL) to be a big hit.
TikTok is Gen Z’s No. 2 social commerce destination and is almost as popular as Facebook among millennial social buyers, per Klarna.
As the cost-of-living crisis continues, the British Retail Consortium has warned there may be “more gloom than glitter” this Christmas. With families preoccupied with making ends meet, what can retailers expect from the festive trading period? This Analyst Take will explore how shopping habits might change, what will happen to total spend this holiday season, and how retailers can maintain loyalty and attract new customers amid inflation.
The retail landscape in Europe looks bleak: Retail sales in Europe fell at the highest rate since July 2021. That’s a sharp contrast to the US, where consumers keep spending.
Ulta store traffic exceeded pre-pandemic levels in Q3: The milestone comes as the beauty retailer makes extensive changes to store layouts and reported strong quarterly sales growth.
Ultrafast delivery app downloads exploded worldwide during the pandemic. The top 10 apps in this space were downloaded 23.1 million times collectively in Q1 2022, according to Apptopia. Getir leads by a wide margin, ahead of rivals like Gopuff and Gorillas.
Not all discount retailers are benefiting from economic uncertainty: Big Lots’ sales fell 9.8% in Q3, Five Below’s earnings dipped 32%, and Dollar General missed expectations.
Weixin users can receive remittances from Tencent’s global partners directly to their wallets.