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Retail data, research and analysis covering brand performance, earnings, consumer research and market intelligence. Explore the evidence behind business decisions and changes across the retail industry.
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The United States e-commerce landscape witnessed continued growth and evolution in 2023. The dominance of these top online retailers reflects broader trends in the U.S. e-commerce market. By 2027, forecasts show that the online market will grow to more than…
E-commerce in Africa has witnessed exponential growth over the past decade, driven by increasing internet penetration, widespread mobile usage, and burgeoning consumer demand. The growth of online marketplaces in Africa signifies a transformative shift in consumer behavior and retail patterns.…
The second-hand apparel market is experiencing exponential growth, propelled by sustainability and affordability. In 2023, the resale industry has attracted a burgeoning consumer base, with many shoppers opting for pre-loved items over the newly minted. The overarching trend in the…
The fashion industry has long been scrutinized for its opaque practices, but recent strides toward transparency are worth celebrating. According to the 2023 Statista report, OVS was the highest-ranking fashion brand for transparency with a score of 83%, followed by Gucci…
Italian and French luxury fashion houses compete for the UK’s most well-known luxury fashion brands. According to Statista, Florence-based Gucci takes the top spot with brand awareness of 92 percent, followed by Paris-based Chanel, which is recognized by 91 percent…
A recent report by Statista revealed that smartphones and laptops are the most commonly used devices for online shopping in the United States. The survey, conducted among 975 online shoppers in September 2023, highlights that smartphones account for 73% of…
In a recent report, Statista projects that by 2027, 23% of all retail purchases will be made online. The e-commerce sector has been on a steady upward trajectory. The BCG report highlights that e-commerce is poised to capture 41% of…
TJ Maxx is an American off-price retailer that has carved out a niche in the retail industry with its unique low-cost business model. Founded in 1976 by Bernard Cammarata in Framingham, Massachusetts, TJ Maxx has grown to become a leading…
Shein, pronounced as SHEE-In, is a Chinese fast-fashion retailer that has taken the world by storm with its rapid growth and massive market presence. Founded in October 2008 by Chris Xu, an American-born Chinese graduate of Washington University, Shein initially…
Social media has become integral to our daily lives, shaping how we communicate, stay informed, and shop. For Generation Z (Gen Z), those born roughly between 1997 and 2012, the influence of social media platforms like TikTok and Instagram on…
The luxury industry is undergoing a major transformation, driven by the spending habits and preferences of Generation Z. This generation, born between the mid-1990s and early 2010s, has grown up in a digital-first world with access to shopping choices at…