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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 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…
Walmart’s 2023 beauty accelerator application announcement is retained as historical coverage. Check Walmart for current programs and deadlines.
The global economy is facing a potential recession as we approach mid-2023, which will significantly impact consumer spending behavior. One of the most notable trends that will emerge during this period is the rise of price-conscious high-end consumers. These individuals,…
Leading fashion retailer, H&M, has recently announced its commitment to inclusivity by extending its size options for the US market. The brand now offers products ranging up to 2XL in stores for both women and men, while their online shop…
Walmart recently removed its undisclosed Universe of Play advergame from the Roblox platform amid growing concerns about privacy and stealth marketing targeting children. The metaverse, a virtual space where users can interact with each other and digital environments, has become…
The clean digestive health medicine company, Wonderbelly founded by brothers Lucas and Noah Kraft, has recently launched its flagship product, Wonderbelly Antacid, in over 650 Target stores and on Target.com. This marks the company’s first major retail partnership, which took…
The retail industry has been significantly impacted by layoffs as companies rush to reduce costs amidst concerns of an impending recession and the effects of inflation. Several major retail companies have already announced job cuts, primarily affecting corporate employees. However,…