Retail
Retail Industry News & Trends · CEO · E-commerce · Customer Behaviour · Brick-and-Mortar · Holiday · Shopping · Retail Marketing.
Burberry, the British luxury fashion house known for its iconic trench coats and distinctive check pattern, is set to expand its presence in the United States with two new retail experiences.
Renewcell, a Swedish company known for its innovative textile recycling technology, has filed for bankruptcy. Despite being a pioneer in the industry and opening the world’s first large-scale textile-to-textile recycling plant in late 2022, Renewcell struggled financially.
Macy’s is closing approximately 150 underproductive locations by 2026 to focus on luxury growth and Bloomingdale’s expansion.
IKEA Canada announced three new Plan and order points across Canada. These specialized locations are designed to offer customers a more personalized planning experience for complex home furnishing projects, such as kitchen or bedroom storage solutions.
Kinder Beauty, a company known for its cruelty-free beauty and lifestyle subscription boxes, has ceased operations.
Standard Dose, a pioneering CBD retailer, ultimately closed down its online operations due to a combination of regulatory challenges and financial pressures.
Recent studies by the United Kingdom Intellectual Property Office (UKIPO) revealed a striking trend. Men are twice as many male as female participants purchase counterfeit goods, particularly when these items are endorsed by social media influencers.
Known for outfitting fitness enthusiasts and fashion savants alike, their collection of bags has become as coveted as their iconic athleisure wear.
Partiful is an innovative invitation app designed specifically for entrepreneurs. It provides a convenient and efficient way to create, manage, and track invitations for various events.
Starbucks and Bank of America have announced a partnership that allows customers to link their eligible Bank of America credit or debit cards to their Starbucks Rewards accounts.
Target’s private label up&up expands product lineup with hundreds of new and improved everyday essentials. The up&up brand, known as Target’s own, promises customer satisfaction with a return policy that allows exchanges or refunds within one year of purchase with a receipt.
Primark is to invest more than £100 million in its UK stores in 2024, as it marks 50 years on the Great British High Street.
Saks Fifth Avenue has recently introduced its reimagined West Coast flagship store located in the heart of Beverly Hills.
The Red Sea crisis has prompted a strategic shift among retailers towards nearshoring, as they seek to mitigate the risks associated with disrupted shipping routes.
H&M unveils its innovative new store in the bustling SoHo district of New York City, a move that marks the brand’s re-entry into an area.
Helena Helmersson abruptly resigned as CEO of H&M. As the leader of the world’s second-largest clothing retailer, she concludes her four-year leadership role and a 26-year career at the company, surprising both the fashion industry and investors.
Shein investors are selling their stock at a 30% discount represents a clear reflection of the prevailing market uncertainty.
In today’s digital age, where online shopping has become increasingly popular, shopping malls have struggled to maintain their relevance.
Google, a titan in the tech industry, has shown its support for this Fifteen Percent Pledge initiative by announcing finalists for grants totalling $250,000 (3rd Prize: $10,000, 2nd Prize: $15,000, 1st Prize: $200,000).
Online furniture retailer Wayfair is reducing its workforce by cutting approximately 1,650 jobs, representing 13% of its global workforce and 19% of its corporate team.