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Today’s Retail News

Record $10.8 Billion Spent Online on Black Friday 2024

This Black Friday, US consumers set a new milestone in holiday shopping by spending an unprecedented $10,800,000,000 online.

Young shoppers targeted with AI-driven celebrity scams

As the holiday shopping season approaches, McAfee’s 2024 Global Holiday Shopping Scams Study sheds light on a concerning trend: AI-powered scams and deepfakes are becoming increasingly prevalent, targeting younger demographics with deceptive tactics.

Katy Perry Triumphs in Trademark Battle Against Katie Perry

Pop superstar Katy Perry has successfully appealed a trademark ruling against Australian designer Katie Perry, whose birth name is Katie Jane Taylor.

Walmart Rolls Back Diversity Policies Amid Conservative Pressure

Walmart, the world’s largest retailer, has announced a significant rollback of its diversity, equity, and inclusion (DEI) policies.

Shein Seeks to Maintain Legal Pressure on Temu

Shein, the Chinese fast-fashion giant, urges a federal court in Washington to keep its lawsuit against rival Temu active.

Credit: Boohoo.com

Carol Kane, co-founder of Boohoo, increased his stake in the company by purchasing 294,350 ordinary shares.

Zara vs. Shein vs. Cider: Which Is Better?

Zara has long been a staple in the fast fashion industry, known for its trendy and affordable pieces.

What is Acubi fashion, and Where to Shop?

Acubi fashion, an innovative style originating from Korea, is characterized by its minimalist yet avant-garde aesthetic; Acubi effortlessly blends oversized clothing, muted tones, graphic baby tees, and mesh tops to create a refined yet edgy look.

'The True Cost': 4 Key Takeaways

In a world where clothing is often seen as a mere commodity, Andrew Morgan’s documentary The True Cost (2015) sheds light on the hidden realities of the fashion industry.

What Are Tariffs and How Do They Affect Retail Prices?

When you hear the word “tariff,” it might sound like political jargon, but it directly impacts your wallet.

Stephen Yalof, CEO of Tanger: How Potential Tariffs Could Raise Retail Prices

President-elect Donald Trump’s proposed tariffs could raise consumer prices significantly. A 10-20% universal tariff on imports and a 60-100% tariff on Chinese imports could diminish American consumers’ spending power by $46 billion to $78 billion annually.

TEMU Will Ruin Your Life (Scientifically Proven)

Digital age, e-commerce giants like Shein and Temu have taken the fast-fashion market by storm, but not without significant controversy.

How China Uses Mexico To Avoid U.S. Tariffs

Mexico has overtaken China as the largest importer of goods to the United States for the first time in over two decades.

Shein shuts down rumours of shutting down this year

Recently, many rumors have swelled around the internet about Shein, the popular fast-fashion retailer. People are asking, “Is Shein closing?”

Maguire Expands Footprint in the U.S. with New Store Opening in Brooklyn

Maguire has officially opened its second boutique store in New York at 190 Berry St, marking a significant step in the Canadian direct-to-consumer shoe brand’s United States expansion strategy.

Lululemon's Stock Plunge Amid DEI Mismanagement Legal Claims

A recent lawsuit filed against Lululemon by shareholder James Wong claims that the company’s mishandling of diversity, equity, and inclusion (DEI) initiatives and inventory issues has significantly impacted its share price.

Alibaba Settles Shareholder Lawsuit for $433.5 Million Amid Monopoly Claims

Alibaba Group has agreed to pay $433,500,000 million to settle a class-action lawsuit filed by shareholders who accused the company of engaging in monopolistic practices.

Kiko Kostadinov Launches First US Flagship Store in Los Angeles

Kiko Kostadinov has officially opened his first flagship store in the United States, located in the vibrant Melrose Hill gallery district of Los Angeles.

Elf Beauty Partners With Dollar General to Target Rural Markets

Elf Beauty, a leading name in affordable cosmetics, has announced a strategic partnership with Dollar General to expand its reach into rural markets.

Shein's On-Demand Business Model Explained

Shein has transformed the fashion industry with its innovative on-demand business model. This approach not only meets the fast-paced demands of consumers but also focuses on minimizing waste and maximizing efficiency.