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Today’s Retail News
Luxury e-commerce is facing a tumultuous period, with once-thriving platforms now grappling with significant challenges. This week, the industry witnessed two major players, Farfetch and Matches, narrowly escape financial ruin by securing sales to new owners.
China’s leading B2B cross-border e-commerce marketplace, DHGate reported it doubled its Gross Merchandise Value (GMV) over the Black Friday and Cyber Monday 2023 period, setting a breaking sales record for the platform.
Bastien Daguzan has announced his departure from the role of CEO and President at Jacquemus, the French luxury brand known for its modern aesthetic and independent spirit.
Italian luxury fashion house Prada has purchased the building housing its flagship store on New York City’s prestigious Fifth Avenue.
Two plaintiffs have voluntarily dismissed their lawsuit against the global fashion retailer, H&M which had accused the company of misleading consumers with false sustainability claims.
The online retailer Zulily has initiated a lawsuit against the e-commerce giant Amazon. This move comes amidst various antitrust allegations and legal challenges that Amazon has faced from various entities, including the Federal Trade Commission (FTC) and 17 states.
Walmart has recently enhanced its customer payment options by incorporating Affirm’s buy now, pay later service directly into its self-checkout process.
The integration of artificial intelligence (AI) is changed how retailers approach everything from marketing to inventory management.
South Korea’s leading online marketplace, Coupang, announced its acquisition of the luxury fashion platform Farfetch in a pivotal $500 million deal.
As we stand on the cusp of 2024, the retail landscape is poised for a transformative shift driven by the relentless march of artificial intelligence (AI).
A mountain of unsold inventory is a multifaceted issue facing high-end luxury retailers this holiday season.
Hip-hop sensation and global icon Cardi B has once again made waves in the spirits industry with her innovative product, Whipshots.
A legal showdown is unfolding between two fast-fashion giants. Temu, an emerging player in the industry, has taken legal action against Shein, accusing the latter of employing “Mafia-style” intimidation tactics to manipulate merchants and undermine Temu’s market presence.
Nestled within the historic grandeur of the Fairmont Hotel Vancouver, Louis Vuitton has opened the doors to a world of luxury and refined taste.
For luxury shoppers, value retention and resale value is paramount for savvy investors and fashion enthusiasts alike.
Dynamic Yield by Mastercard has introduced an AI-powered Shopping Muse, an advanced generative AI tool that revolutionizes how consumers search for and discover products in a retailer’s digital catalog.
As the chill of winter begins to set in, Canadians are not just bracing themselves against the cold but also the persistent pressures of inflation.
Are you a student, recent graduate, or early career professional with a passion for retail and luxury?
Sephora has taken a bold step to confront an issue that plagues the industry: racial bias.
On the bustling Buchanan Street in Glasgow, Lush has officially opened its largest store in Scotland.