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The world’s largest retail trade association, National Retail Federation (NRF) recently found itself in the spotlight for a significant correction regarding inventory loss figures. Initially, the NRF reported that nearly half of the $94.5 billion in industry shrink—a term encompassing…
A series of financial setbacks have challenged Farfetch’s mission to be the global platform for luxury fashion. In the second quarter of 2023, Farfetch reported a gross profit decrease of 9.3% year-over-year, with a significant drop from $267.7 million in…
The president of the Alibaba Group has stepped down from his position on the board of directors at Farfetch Limited. This resignation took effect immediately as of November 30th, marking a significant change in the relationship between two major players…
Sustainability and flexibility have become key drivers for consumers looking to spice up their wardrobes without a purchase commitment. Recognizing this shift, the online fashion retailer Oh Polly has made a significant move by launching its own rental collection, offering…
Mastermind Toys has announced the closure of 18 out of its 66 store locations. This decision comes as a significant blow to the beloved toy retailer, which has been a fixture in the Canadian market since its inception in 1984…
The popular fast-casual restaurant chain Panera Bread has found itself at the center of a stormy legal battle. The company is facing multiple wrongful death lawsuits alleging that its “Charged Lemonade” drinks have led to the deaths of customers due…
Retail theft is a growing concern that casts a shadow over small businesses across the United States. A staggering 90% of small business retailers have experienced theft at their stores, painting a grim picture of the challenges these establishments face.…
A recent Forbes report has shed light on a critical benchmark for online retailers—the 11-second rule. It’s the maximum window of time an online shoppers are willing to give a website to capture their attention and guide them to what…
Age and gender alone do not explain online spending. Retailers should compare survey samples, categories and actual purchase behavior before targeting shoppers.
New survey from GoDaddy shows 41% of Gen Z and 43% of Millennials have followed a brand on social media for a discount, but 47% of small businesses do not offer a discount code when someone follows their brand on…