In an age where economic uncertainties loom large and stress levels are at an all-time high, it’s no wonder that many find pleasure in the welcoming arms of retail therapy.
Retailers are grappling with the high cost of returns, which reached an estimated $816 billion in lost revenue in 2022.
The United States saw a significant portion of its retail purchases returned, with just over 16% of online purchases were returned.
The recommerce market witnessed a significant shift in consumer behavior, with 85% of shoppers purchasing or selling secondhand items.
Recent investigations have uncovered alarming lead levels in fashion accessories sold at off-price retailers, including Ross and Burlington.
It’s time to refresh your wardrobe with the latest ticker-tape of trends based on this week’s TikTok apparel and accessories rankings.
If you’re looking to tap into the ever-dynamic beauty market on TikTok, this week’s trending data from the TikTok Creative Center is gold.
LTK, a leading creator-guided shopping platform, announced its fifth annual Most Loved Products of the Year based on the collective voice of hundreds of thousands of influential LTK Creators and a community of 40M+ shoppers, showcasing the must-have and trending items.
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.
On Valentine’s Day, the average US consumer spent just under two hundred dollars to express their affection to a spouse, relative or friend.
A new study by Momentum Commerce has forecasted a significant surge in Amazon’s U.S. retail sales for the year 2024.
Athleisure, a term coined by combining the words “athletic” and “leisure,” refers to a fashion trend that combines athletic wear with casual clothing.
A significant 43% of Gen Z shoppers express a preference for making purchases directly from direct-to-consumer (D2C) brands, according to a PYMNTS study.
According to the latest data from PYMNTS, Shein has emerged as the leader in their Provider Ranking of Shopping Apps, yet again securing the top position with 89 points.
The “Between The Sheets Consumer Trends Report” by Hotel Collection, released ahead of Valentine’s Day, provides a comprehensive look into the habits and preferences of Americans in the bedroom.
The Black consumer has a significant impact on the economy, and their spending power is shaping the way businesses operate.
The consumer health and wellness market has experienced significant growth, with the United States alone estimated to have reached a market value of $480 billion.
Securing customer loyalty is essential for enduring business prosperity. Retailers are increasingly adopting strategies to nurture this loyalty, and one compelling approach is the provision of complimentary return policies.
In today’s digital age, where online shopping has become increasingly popular, shopping malls have struggled to maintain their relevance.
The retail industry is undergoing a significant transformation, with the line between brick-and-mortar and e-commerce becoming increasingly blurry.