Retail

Retail Industry News & Trends · CEO · E-commerce · Customer Behaviour · Brick-and-Mortar · Holiday · Shopping · Retail Marketing.

Bath & Body Works CFO to step down, retailer shifts to 'off-mall' stores

Bath & Body Works, a leading soap and fragrance retailer, recently announced that its Chief Financial Officer (CFO), Wendy Arlin, will be stepping down from her position by July 29.

Australia joins US, Canada and others to ban TikTok on government devices

TikTok, a popular video-sharing app owned by Chinese company ByteDance, has faced bans in several countries due to privacy and cybersecurity concerns.

Poshmark Introduces Livestream Shopping for sellers

Poshmark, a leading fashion resale marketplace, has recently introduced Posh Shows, a new approach to live shopping for its fashion resale community.

LVMH owner Bernard Arnault tops Bloomberg Billionaires Index

Bernard Arnault, the 74-year-old Chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, has emerged as the world’s richest person, according to the Bloomberg Billionaires Index.

Ebay to open sneaker pop-up in Chicago

Ebay is set to open a unique sneaker pop-up store in Chicago, celebrating the birth and rise of the iconic Air Jordan 1.

Christina Aguilera joins sexual wellness brand Playground

Grammy Award-winning singer-songwriter Christina Aguilera has recently joined Playground, a sexual wellness brand, as co-founder and chief brand advisor.

Online Retailer Goes Into Administration After Sales Plummet

A popular online fashion and homeware Australian-owned retailer, EziBuy has recently entered administration due to a significant decline in sales.

Costco's Online Competitor Boxed.com., Files For Bankruptcy

The online bulk retailer, Boxed.com that had once experienced significant growth during the Covid-19 pandemic, filed for Chapter 11 bankruptcy on April 2, 2023.

Lipstick Index: The Beauty Industry Is Holding It's Own Despite Inflation

The beauty industry has proven to be resilient in the face of economic challenges 2023, as evidenced by the lipstick index.

Express faces NYSE delisting

Express Inc., a well-known fashion retailer, faces delisting from the New York Stock Exchange (NYSE) due to its inability to meet the required trading criteria.

Bed Bath & Beyond sued by former CEO

Former Bed Bath & Beyond CEO Mark Tritton has filed a lawsuit against the company, accusing it of failing to honor his $6.765 million severance agreement.

Neiman Marcus Group Goes Fur-Free

Neiman Marcus Group, a leading luxury fashion retailer, has announced its commitment to a fur-free future by 2023.

Walmart Opens Applications for Beauty Brand Accelerator

The world-renowned retail giant, Walmart has come a long way since its inception in 1962, when Sam Walton opened the first store in Rogers, Arkansas.

High-End Consumers Crunch Numbers Amid Economic Caution

The global economy is facing a potential recession as we approach mid-2023, which will significantly impact consumer spending behavior.

H&M Extends Plus Size Options for US Market

Leading fashion retailer, H&M, has recently announced its commitment to inclusivity by extending its size options for the US market.

Walmart Removes Child's Game From Roblox: Will Other Retailers Follow?

Walmart recently removed its undisclosed Universe of Play advergame from the Roblox platform amid growing concerns about privacy and stealth marketing targeting children.

Wonderbelly Co-Founder Lucas Kraft: 'Target partnership marks a major milestone'

The clean digestive health medicine company, Wonderbelly founded by brothers Lucas and Noah Kraft, has recently launched its flagship product, Wonderbelly Antacid, in over 650 Target stores and on Target.com

Retail layoffs in January spiked 3225%, says report

The retail industry has been significantly impacted by layoffs as companies rush to reduce costs amidst concerns of an impending recession and the effects of inflation.

Sephora at Kohl's to open 250 locations in 2023

Sephora, a leading beauty retailer, is set to open 250 new locations at Kohl’s stores throughout 2023.

How Brick and Mortar Retail Stores Are Reinventing Themselves

In recent years, brick-and-mortar retail stores in the United States have faced significant challenges due to the rapid growth of e-commerce and changing consumer preferences.