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China’s leading B2B cross-border e-commerce marketplace, DHgate, reported a record-breaking performance during the Black Friday and Cyber Monday 2023 period, doubling its Gross Merchandise Value (GMV) compared to the previous year. This five-day sales event, strategically planned for the 2023…
Bastien Daguzan has announced his departure from the role of CEO and President at Jacquemus, the French luxury brand known for its modern aesthetic and independent spirit. This news surprises many, given Daguzan’s relatively recent appointment to the position in…
Italian luxury fashion house Prada has purchased the building housing its flagship store on New York City’s prestigious Fifth Avenue. The transaction, valued at $425 million, was a landmark deal from leasing to ownership for the renowned brand. Prada‘s decision…
Two plaintiffs have voluntarily dismissed their lawsuit against the global fashion retailer, H&M which had accused the company of misleading consumers with false sustainability claims. The lawsuit, initially filed in the U.S. District Court for the Southern District of New…
The online retailer Zulily has initiated a lawsuit against the e-commerce giant Amazon. This move comes amidst various antitrust allegations and legal challenges that Amazon has faced from various entities, including the Federal Trade Commission (FTC) and 17 states. The…
Walmart has recently enhanced its customer payment options by incorporating Affirm’s buy now, pay later service directly into its self-checkout process. Affirm, known for its transparent and flexible payment solutions, allows consumers to make purchases and pay for them over time.…
The integration of artificial intelligence (AI) is changed how retailers approach everything from marketing to inventory management. Botika, a trailblazer in AI-generated model technology, has recently partnered with Shopify to enhance the e-commerce experience for fashion brands. Botika‘s integration with…
South Korea’s leading online marketplace, Coupang, announced its acquisition of the luxury fashion platform Farfetch in a pivotal $500 million deal. Farfetch, once a celebrated name in the luxury e-commerce sector, was on the verge of bankruptcy after a series…
As we stand on the cusp of 2024, the retail landscape is poised for a transformative shift driven by the relentless march of artificial intelligence (AI). In an era where technology evolves at an unprecedented pace, understanding the trends shaping…
A mountain of unsold inventory is a multifaceted issue facing high-end luxury retailers this holiday season. Retailers and brands alike grapple with the issue of unsold inventory, balancing financial considerations with brand reputation and environmental impact. The critical problem stems…