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Retail industry news, analysis, and trends covering stores, retail technology, ecommerce, consumer behaviour, and commerce leaders.
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The luxury goods market is a thriving industry, with revenue expected to reach US$354.80 billion in 2023 and an annual growth rate of 3.38% from 2023 to 2028. The largest segment within this market is luxury fashion, accounting for a…
Order lead time is a crucial metric for retailers to consider. It affects everything from inventory planning to sales and profits. In this blog, we will explore what order lead time is, why it is important, and how it works.…
Nike has joined forces with French designer Simon Porte Jacquemus to create the highly anticipated J Force 1 collection. This collaboration combines Jacquemus’ signature minimalist style with Nike’s performance excellence, resulting in a 15-piece collection that features elevated silhouettes, athletic…
Outdoor apparel brand Patagonia has filed a lawsuit against Seattle-based retailer Nordstrom, accusing the company of selling counterfeit Patagonia products in its off-price Nordstrom Rack stores. The legal action comes after Patagonia ended its years-long dealer relationship with Nordstrom. According…
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 in the trendy Williamsburg neighborhood of…
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 aims to strengthen The Webster’s presence…
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 on the latter. As of 2023,…
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 will delve into the concept of…
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 money and calculating change, as well…
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 stores spread over an area with…
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 into account the customer’s revenue value…