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Elizabeth Arden, the iconic beauty brand, has taken a bold step into the future of retail by launching a shoppable virtual store in partnership with experiential eCommerce platform Obsess. The immersive virtual shopping experience is designed to appeal to a…
In a bid to appeal to environmentally conscious and sustainable shoppers, luxury department store Selfridges has introduced an innovative concept called ‘The Stock Market’ in its Corner Shop space. This unique initiative allows customers to exchange, restore, or upcycle their…
Boohoo, a popular online fast-fashion retailer, has recently reported a staggering £91 million loss as its annual sales dropped and the company grappled with an increased number of returned products. This downturn can be attributed to a shift in consumer…
Luxury fashion brands have long been known for their exclusivity, high-quality materials, and meticulous craftsmanship. However, in recent years, some of these prestigious brands have entered into collaborations with fast fashion retailers, raising questions about whether such partnerships could harm…
The beauty industry has recently experienced a surge in prices, with drugstore beauty brands being no exception. Between March 2022 and March 2023, cosmetics prices rose by 4.2% and personal care prices grew 8.7%, according to the U.S. Consumer Price…
Footwear company, Allbirds has announced plans to reduce its workforce and implement cost-saving measures in response to its financial performance. The company reported a net loss of $101.4 million in 2022, compared to a loss of $45.4 million in 2021.…
Adobe reported a 1.7% year-over-year decline in online prices in March 2023, the seventh consecutive monthly decline—not the eighth.
Fashion brand Scotch & Soda, owned by Bluestar Alliance, has recently closed several of its U.S. stores. The closures come as part of the brand’s strategy to enable growth by shutting down underperforming stores and exploring new locations for future…
Google is set to revolutionize the online shopping experience by testing AI-powered solutions designed to enhance both in-store and online retail experiences. These cutting-edge tools, developed by Google Cloud, aim to provide customers with a more personalized and efficient shopping…
Maison Margiela, a renowned Paris-based fashion house, has recently experienced a significant change in its leadership. Gianfranco Gianangeli, who has served as the company’s CEO since mid-2020, has resigned from his position and is expected to leave in the coming…