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Read the latest retail news from RETAILBOSS, covering store openings, brand expansion, ecommerce, consumer trends and business strategy.
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Luxury fashion brands have long been known for their exclusivity, high-quality materials, and meticulous craftsmanship. However, in recent years, some of these prestigious brands have entered into collaborations with fast fashion retailers, raising questions about whether such partnerships could harm…
Footwear company, Allbirds has announced plans to reduce its workforce and implement cost-saving measures in response to its financial performance. The company reported a net loss of $101.4 million in 2022, compared to a loss of $45.4 million in 2021.…
Fashion brand Scotch & Soda, owned by Bluestar Alliance, has recently closed several of its U.S. stores. The closures come as part of the brand’s strategy to enable growth by shutting down underperforming stores and exploring new locations for future…
Adidas, the German sportswear giant, has announced plans to sell its remaining stock of Yeezy sneakers, a once highly sought-after collaboration between the company and American rapper, designer, and entrepreneur Kanye “Ye” West. The decision comes after Adidas severed ties…
Google is set to revolutionize the online shopping experience by testing AI-powered solutions designed to enhance both in-store and online retail experiences. These cutting-edge tools, developed by Google Cloud, aim to provide customers with a more personalized and efficient shopping…
Maison Margiela, a renowned Paris-based fashion house, has recently experienced a significant change in its leadership. Gianfranco Gianangeli, who has served as the company’s CEO since mid-2020, has resigned from his position and is expected to leave in the coming…
Diane von Furstenberg launched ReWrap with Archive in 2023, giving customers a route to buy and sell pre-owned DVF designs.
Victoria’s Secret is set to introduce a reimagined version of their iconic fashion show, focusing on a new generation of women from around the world. The revamped show will be streamed internationally and culminate in a live fashion event this…
ASOS, a leading online fashion retailer, has been at the forefront of incorporating artificial intelligence (AI) and augmented reality to enhance the shopping experience for its customers. According to a report by PricewaterhouseCoopers (PWC), AI has the potential to contribute…
The integration of AI models in product photography has revolutionized the way businesses showcase their products online. Gone are the days when businesses had to rely on professional photographers to capture high-quality product images. With AI models, businesses can now…
The success rate of new products launched into retail stores varies depending on the source. According to Harvard Business School professor Clayton Christensen, approximately 95% of the 30,000 new products introduced each year fail. However, other sources suggest that the…