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.
Off-price retailing is a growing trend in the retail industry. It offers customers an opportunity to buy high-quality merchandise at lower prices compared to regular retail stores.
Fashion is always changing, and keeping up with the latest trends can be a challenge. One way to stay on top of what’s in style is to understand fashion seasons.
Chanel, the iconic French luxury fashion house, has reported a remarkable 17 percent increase in its revenue for 2022, reaching a staggering $17.22 billion.
Ulta Beauty, a leading beauty retailer in the United States, has reported impressive first-quarter results under the leadership of CEO Dave Kimbell.
Kering, a renowned luxury group, has recently opened its new Italian headquarters in the bustling city of Milan.
If you have a passion for fashion and want to work in the luxury retail industry, becoming a luxury retail buyer might be the perfect career path for you.
Leasing retail space is a complex process that involves more than just finding the right location.
Direct-to-consumer (DTC) brands have experienced significant growth in recent years, thanks to their innovative marketing strategies and strong online presence.
In today’s competitive retail landscape, it is essential for store owners to continually find ways to increase sales and improve customer satisfaction.
Esprit, the iconic lifestyle brand, has announced the opening of a long-term pop-up space at 130 Greene Street in New York City’s SoHo neighborhood on May 11, 2023.
The leading Chinese ultra-fast fashion company, Shein has recently announced its strategic move to commence garment production in Mexico.