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Retail industry news, analysis, and trends covering stores, retail technology, ecommerce, consumer behaviour, and commerce leaders.
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TikTok, a popular video-sharing app owned by Chinese company ByteDance, has faced bans in several countries due to privacy and cybersecurity concerns. The app’s history dates back to 2016 when ByteDance launched an app called A.me, which was later renamed…
Poshmark, a leading fashion resale marketplace, has recently introduced Posh Shows, a new approach to live shopping for its fashion resale community. Available in the U.S. and Canada, Posh Shows enables users to leverage the power of live video to…
Bernard Arnault, the 74-year-old Chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, has emerged as the world’s richest person, according to the Bloomberg Billionaires Index. With a net worth of $201 billion, Arnault has surpassed other prominent figures…
Ebay is set to open a unique sneaker pop-up store in Chicago, celebrating the birth and rise of the iconic Air Jordan 1. The ’85 Shop, located at 1045 W Fulton Market, will be open for two days only, from…
Grammy Award-winning singer-songwriter Christina Aguilera has recently joined Playground, a sexual wellness brand, as co-founder and chief brand advisor. Launched in 2022, Playground focuses on creating water-based personal lubricants designed to enhance pleasure and comfort during intimate moments. The brand…
A popular online fashion and homeware Australian-owned retailer, EziBuy has recently entered administration due to a significant decline in sales. Owned by ASX-listed Mosaic Brands, EziBuy experienced a 51% drop in sales during the first half of the 2022-23 financial…
The online bulk retailer, Boxed.com that had once experienced significant growth during the Covid-19 pandemic, filed for Chapter 11 bankruptcy on April 2, 2023. The company, which was founded in 2013, went public in 2021 after merging with special-purpose acquisition…
The beauty industry has proven to be resilient in the face of economic challenges 2023, as evidenced by the lipstick index. Data shows that the beauty industry is holding its own despite inflation. ‘The lipstick index’, a term coined by…
Express Inc., a well-known fashion retailer, faces delisting from the New York Stock Exchange (NYSE) due to its inability to meet the required trading criteria. The NYSE had notified Express in September that it had breached compliance with its continued…
Former Bed Bath & Beyond CEO Mark Tritton has filed a lawsuit against the company, accusing it of failing to honor his $6.765 million severance agreement. Tritton was ousted as CEO in June, following missed earnings and the company’s decision…
Neiman Marcus Group, a leading luxury fashion retailer, has announced its commitment to a fur-free future by 2023. In June 2022, the company adopted a new Animal Welfare Policy and pledged to eliminate fur products from its assortments, including Neiman…