How To Apply: ASOS ScaleUp Initiative For Fashion Designers
ASOS introduced ScaleUp for minority-owned fashion brands in 2023. This archive does not confirm a current application round.
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Lightbox Unveils New Retail Store Concept
Lab-Grown Diamond Brand Lightbox Unveils New Retail Concept Shop at HOUSE OF SHOWFIELDS in Williamsburg. The innovative lab-grown diamond brand Lightbox announced the opening of its new retail concept shop at HOUSE OF SHOWFIELDS…
The Webster Expands its Retail Empire with Simons Partnership
The luxury fashion retailer, The Webster, is set to open three new locations by the end of 2024, in a strategic partnership with Simon, a global leader in retail real estate. This expansion plan…
Independent Retailer: Definition & Advantages
When it comes to retail, there are two main options: being part of a franchise chain or operating as an independent retailer. While both have their advantages and disadvantages, this blog post will focus…
The State of E-Commerce Returns in 2023
As ecommerce continues to grow, so does the number of returns made by customers. Understanding the state of ecommerce returns is crucial for any business looking to maximize profits and minimize losses. In this…
What is Manufacturer’s Suggested Retail Price (MSRP)?
As a consumer, you may have encountered the term MSRP when shopping for various products. But what does it mean, and how does it impact the pricing of goods? In this comprehensive guide, we…
Retail Math Formulas Cheat Sheet + Examples
Retail math is a set of skills that enables managers, sales associates, and other retail employees to perform essential tasks at both the retail and manufacturer level. It involves basic arithmetic, such as counting…
What is an Open-Air in Retail: Shopping Center
Open-air shopping centers, also known as strip malls, have been gaining popularity in recent years due to the decline of traditional enclosed malls. Unlike their enclosed counterparts, open-air shopping centers are organized rows of…
What Is Customer Lifetime Value (CLV) and How To Calculate It
Customer lifetime value (CLV) is a crucial metric for businesses of any size. It provides insight into the total revenue a business can expect from a single customer account throughout the business relationship, taking…
ASOS raises funds after £291m loss
ASOS, a prominent online fashion retailer, has recently faced significant financial challenges, with its stock becoming the UK’s worst-performing in 2022 after plummeting by 78%. The company’s struggles can be attributed to reduced consumer…
A New Wave of Brands Arrive in Brooklyn: HOUSE OF SHOWFIELDS
Brooklyn’s experiential concept store, HOUSE OF SHOWFIELDS, recently announced the arrival of over twenty new brands to its Williamsburg location. This exciting addition expands the store’s carefully curated selection of innovative and unique products…
What is EDLP (Everyday Low Pricing)
Everyday Low Pricing is a strategy where the products are provided to consumers at a lower cost or a discounted price over a longer time at a constant rate instead of releasing sale events.…
What Is a Category Killer: Definition & Example
Category killers have been around for decades, but their impact on local businesses and the retail industry as a whole has only become more apparent in recent years. These large retailers specialize in a…
What is Consignment: Business Model Explained
Consignment selling is a business model that allows individuals or businesses to lend out their items to a shop that contracts to sell them at an agreed price and split the proceeds in accordance…
What is Off-Price Retail?
Off-price retailing is a growing trend in the retail industry. It offers customers an opportunity to buy high-quality merchandise at lower prices compared to regular retail stores. In this comprehensive guide, we’ll explore the…