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Retail Industry News

Retail industry news, analysis, and trends covering stores, retail technology, ecommerce, consumer behaviour, and commerce leaders.

Retailers may pay customers to keep returns

Retailers may pay customers to keep returns

In 2023, retail returns surged to a staggering $743 billion, accounting for 14.5% of total retail sales. Notably, the return rate for online purchases was higher, at 17.6%, translating into $247 billion, compared to 10.02% for in-store purchases. As retailers…

Retail
Fashion Nova Debuts First Beauty Line

Fashion Nova Debuts First Beauty Line

Fashion Nova, a leading fast-fashion retailer, launched its first beauty line, NovaBeauty, on June 14th. This new addition to the brand’s repertoire offers a range of inexpensive and expediently delivered products. The launch of NovaBeauty marks Fashion Nova’s official entry…

BeautyRetail
Metaverse Retail Strategy, Buy A Storefront NFT

Metaverse Retail Strategy, Buy A Storefront NFT

The Metaverse Commerce Network™(MCN) has today opened up a whitelist for 1,000 Storefront NFTs in the first decentralized eCommerce platform in the Metaverse. Storefront NFT owners will be entitled to commissions and bonuses from merchants who will occupy their storefronts on the network.…

EcommerceRetail

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