Retail News

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Today’s Retail News

Hudson's Bay to Expand Zellers Footprint Across Canada

Hudson’s Bay Company (HBC) has announced plans to expand its iconic Zellers brand across Canada, increasing the store’s presence in cities nationwide.

Shein Raises $2 Billion in Latest Funding Round but Lowers Valuation

Chinese fast-fashion giant, Shein has reportedly raised $2 billion in its latest funding round, bringing the company’s valuation to an impressive $66 billion.

Bath & Body Works to launch hair care products in 560 stores

Bath & Body Works, a global leader in personal care and home fragrance, is set to launch hair products into 560 stores and online.

Adidas to Begin Selling Remaining Yeezy Products

Adidas has announced plans to sell some of its remaining inventory of Yeezy products, with an initial release scheduled for May 31, 2023.

Pacsun names Brie Olson CEO

As Pacsun embarks on a new chapter with Brie Olson taking the helm as the sole CEO, effective June 15, 2023, industry experts are optimistic about the future outlook of the popular teen apparel retailer.

PUMA and Modibodi® Collaborate to Revolutionize Active Period Underwear

Global sports company PUMA and absorbent apparel brand Modibodi® have joined forces to launch the third drop of their best-selling active period underwear range.

Skims Opens Pop-up In New York Amid Retail Expansion

Skims, the innovative shapewear brand founded by Kim Kardashian, has recently opened a pop-up store in New York City, targeting fashion-conscious women aged 18-45 who value quality, comfort, and fit.

Jennifer Aniston's Hair Care Brand Launches at Ulta Beauty

Jennifer Aniston’s hair care brand, LolaVie, has recently expanded its reach by launching at Ulta Beauty, marking the plant-based brand’s first wholesale partnership and entry into brick-and-mortar retail.

Angelina Jolie unveils plans for fashion label Atelier Jolie

Actress and director Angelina Jolie is set to launch a purpose-driven sustainable fashion label called Atelier Jolie.

New York City Mayor Outlines Plan to Combat Retail Theft

Retail theft in New York City has been on the rise since 2018, with a staggering 44% increase in shoplifting complaints from 2021 to 2022.

Buy Now, Pay Later Statistics, Report

Buy Now, Pay Later (BNPL) services continue to gain popularity, with recent data showing a significant increase in adoption rates.

Beyoncé Teases Hair Care Line with Instagram Post

Multi-talented singer, actress, and fashion icon Beyoncé has hinted at a new venture in her illustrious career: launching her own hair care line.

'Tip Creep' Has Shockingly Hit Self-Checkout Kiosks

Tip Creep is a phenomenon where businesses have removed traditional tip jars and now credit card kiosks, including self-checkout machines, are prompting customers to give extra money when they swipe their cards.

Shein to open 30 pop-up stores in 2023

Global online fast fashion retailer, Shein is set to open 30 brick-and-mortar stores this year in the UK, marking a significant shift in the brick-and-mortar retail landscape.

Amazon To Introduce ChatGPT-Style Search

Amazon is set to revolutionize its online marketplace by incorporating a ChatGPT-style search, an AI-powered conversational search interface that rivals efforts by Microsoft and Google.

H&M Triumphs in Lawsuit Over Greenwashing Allegations

Fashion retailer H&M has been facing a lawsuit accusing the company of misleading consumers with false sustainability claims.

Retail sales up 0.4% in April from March

Retail sales in the United States experienced a modest increase of 0.4% in April, following two consecutive months of decline, according to figures released by the U.S.

Elizabeth Arden opens first virtual store with Obsess

Elizabeth Arden, the iconic beauty brand, has taken a bold step into the future of retail by launching a shoppable virtual store in partnership with experiential eCommerce platform Obsess.

Selfridges Targets Sustainable Shoppers with New 'Stock Market' Concept

In a bid to appeal to environmentally conscious and sustainable shoppers, luxury department store Selfridges has introduced an innovative concept called ‘The Stock Market’ in its Corner Shop space.

Boohoo plunges to the red after £90.7m loss in sales

Boohoo, a popular online fast-fashion retailer, has recently reported a staggering £91 million loss as its annual sales dropped and the company grappled with an increased number of returned products.