Allbirds redoubles commitment to sustainability with new resale platform: The shoemaker hopes to extend the life of its products while boosting traffic in-store and online.
Hermès’ disappointing results put it at odds with the rest of the luxury market: The brand has resisted calls to lift its self-imposed production cap as other companies report record earnings.
Ecommerce sales in Southeast Asia will total $89.67 billion in 2022, an increase of $15.31 billion over last year.
Macy’s is staying the course rather than spinning off its ecommerce business: The omnichannel retailer believes that it can be more agile and better serve consumers as an integrated company.
Walmart pushes into “elevated,” yet affordable fashion: The retail giant is taking a page from Target as it looks to become a destination for clothing that goes beyond the basics.
Brands can’t afford to ignore social commerce: Nearly all social media users plan to make at least one purchase through social shopping or influencer commerce.
Amazon will accept Visa credit cards across all of its sites—without surcharges—after reaching a global agreement.
Walmart Inc.’s earnings show the benefit of prioritizing value over profits: The company’s decision to keep prices low helped it maintain growth and gain market share.
Virgin Galactic’s bumpy stock ride raises questions about space tourism’s viability: The nascent space tourism industry is proving popular among the wealthy, but long-term market viability is unclear without affordable options.
Unionization efforts pose a challenge to brands’ images: Labor efforts at Amazon, Apple, REI, and Starbucks show a side of these popular brands that could turn off consumers.
Two-thirds of Americans say social values influence their shopping choices: Retailers can garner loyalty by demonstrating their commitment to key issues that consumers care about.
The firm can use its blockchain expertise to offer faster, cheaper remittances, which may put more pressure on incumbents to digitize.
Consumers around the world rely more on their phones as they shop in-store: Retailers looking to improve omnichannel capabilities should focus on adding mobile touchpoints to in-store experiences.