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.
Order lead time is a crucial metric for retailers to consider. It affects everything from inventory planning to sales and profits.
Nike has joined forces with French designer Simon Porte Jacquemus to create the highly anticipated J Force 1 collection.
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.
Gap Inc., a leading global retail company, has recently emerged victorious in a shareholder lawsuit that challenged the organization’s commitment to racial diversity within its leadership ranks.
Authentic Brands Group (ABG), the US private equity-backed company known for its ownership of brands such as Reebok and Ted Baker, has recently completed the acquisition of British heritage footwear brand Hunter.
Online fashion retailer Asos has announced the launch of a new initiative called ScaleUp, aimed at bridging the gap between the fashion industry and ethnic minority-owned brands.
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 Brooklyn, New York.
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.
When it comes to retail, there are two main options: being part of a franchise chain or operating as an independent retailer.
As ecommerce continues to grow, so does the number of returns made by customers. Understanding the state of ecommerce returns is crucial for any business looking to maximize profits and minimize losses.
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?
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.
Open-air shopping centers, also known as strip malls, have been gaining popularity in recent years due to the decline of traditional enclosed malls.
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 and the company’s predicted customer lifespan.
ASOS, a prominent online fashion retailer, has recently faced significant financial challenges, with its stock becoming the UK’s worst-performing in 2022 after plummeting by 78%.
Brooklyn’s experiential concept store, HOUSE OF SHOWFIELDS, recently announced the arrival of over twenty new brands to its Williamsburg location.
Everyday Low Pricing is a strategy where the products are provided to consumers at a lower cost or a discounted price over a longer time at a constant rate instead of releasing sale events.
Category killers have been around for decades, but their impact on local businesses and the retail industry as a whole has only become more apparent in recent years.
Consignment selling is a business model that allows individuals or businesses to lend out their items to a shop that contracts to sell them at an agreed price and split the proceeds in accordance with an agreed formula.