US back-to-college retail spending will reach a new high of $73.9 billion this year, beating last year’s record of $71.0 billion and eclipsing the pre-pandemic figure of $54.5 billion in 2019.
China’s COVID-19 shutdowns hit high-end retailers hard: Tapestry and Estée Lauder are the latest companies to feel the brunt of a weakening Chinese economy.
Kohl’s doesn’t expect its fortunes to turn around anytime soon: The retailer slashed its financial forecast for the rest of the year, pointing to inflation as the cause for its softening sales.
TikTok announced new Shopping Ads this week in an effort to streamline in-app ecommerce.
We unpack the potential for cheaper consumer health devices as the FDA makes hearing aids directly available.
Affirm and Splitit struck partnerships to shore up growth as market uncertainty takes a toll on the BNPL sector.
Creative is out, CX is in: Agencies used to live and die by creative, but spending cuts from automakers has them hiring more customer experience employees.
Inflation gives Walmart a chance to shine: The retailer’s emphasis on value and low prices is attracting both low- and high-income shoppers and enabling it to retain grocery dominance.
Steep discounting hurt Target’s bottom line in Q2: But the retailer doesn’t expect the short-term hit to hamper its profits for the rest of the year.
More than half of US adults shop online at least once a week, and 16% do so at least once a day. Overall, online shopping is on the rise and moving to mobile.
With millions of views on social media, celebrity endorsements, and even a scandal under its belt, Olaplex is primed for the spotlight.
Max Levchin said the company’s underwriting process and business model would help it withstand a financial downturn.
Meta is going all-in on conversational commerce: The company invested in Singaporean startup Take App, which helps merchants sell on WhatsApp, as it looks to give a much needed boost to ad revenues.