Retail News

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Today’s Retail News

Chloé and Teva Collaborate on Shoe Capsule

Chloé, a renowned luxury fashion brand, has collaborated with popular footwear brand Teva to create a unique line of summer sandals.

100 Precent Price Hikes: Inflation Hits Drugstore Beauty Retailers

The beauty industry has recently experienced a surge in prices, with drugstore beauty brands being no exception.

Allbirds Trims Workforce in Cost-Cutting Move

Footwear company, Allbirds has announced plans to reduce its workforce and implement cost-saving measures in response to its financial performance.

Scotch & Soda Closes Underperforming U.S. Stores

Fashion brand Scotch & Soda, owned by Bluestar Alliance, has recently closed several of its U.S.

Adidas to Offload Remaining Yeezy Sneaker Inventory

Adidas, the German sportswear giant, has announced plans to sell its remaining stock of Yeezy sneakers, a once highly sought-after collaboration between the company and American rapper, designer, and entrepreneur Kanye “Ye” West.

Google Testing New Generative AI Shopping Experience

Google is set to revolutionize the online shopping experience by testing AI-powered solutions designed to enhance both in-store and online retail experiences.

Maison Margiela CEO Resigns After a Short but Successful Tenure

Maison Margiela, a renowned Paris-based fashion house, has recently experienced a significant change in its leadership.

Diane von Furstenberg Embarks on an Eco-Luxury Journey with ReWrap

Diane von Furstenberg, the Belgian-born designer and businesswoman who invented the iconic wrap dress in the 1970s, has partnered with secondhand initiative called “ReWrap.”

Victoria's Secret Changes Up Fashion Show Concept: Return as Film

Victoria’s Secret is set to introduce a reimagined version of their iconic fashion show, focusing on a new generation of women from around the world.

ASOS Case Study: AI Technology Triples Revenue Growth

ASOS, a leading online fashion retailer, has been at the forefront of incorporating artificial intelligence (AI) and augmented reality to enhance the shopping experience for its customers.

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The integration of AI models in product photography has revolutionized the way businesses showcase their products online.

Bergdorf Goodman Launches Conscious Closet Program to Extend the Life of Luxury Goods

Bergdorf Goodman has recently introduced its innovative Conscious Closet program. This initiative aims to extend the useful life of customers’ luxury items by offering a range of personal styling, alteration, repair, and resale services.

YouTube Launches Cost Management Tools for Live Shopping

YouTube has recently introduced new cost management tools for live shopping tags on mobile devices, aiming to enhance the platform’s monetization potential for creators and brands.

Dibs Beauty Investment L Catterton

Dibs Beauty, a rapidly growing beauty brand, has received a significant growth capital investment from L Catterton, a leading global consumer-focused investment firm.

Deloitte under investigation over audit for fashion retailer

The Financial Reporting Council (FRC) has launched an investigation into Deloitte’s audit of the UK clothing retailer Joules for the year ending 30 May 2021.

Sephora Debuts Recycling Program with Pact Collective

Sephora, a leading beauty retailer, has joined forces with the nonprofit Pact Collective to launch an innovative recycling program called Beauty (Re)Purposed.

Chanel opens largest U.S. store on Rodeo Drive

Chanel, the iconic French luxury brand, has recently opened its largest store in the United States on the prestigious Rodeo Drive in Beverly Hills, California.

Under Armour Wins Trademark Lawsuit In India

In a significant legal victory, US-based performance wear company Under Armour has won its trademark infringement lawsuit against Aditya Birla Fashion and Retail Limited (ABFRL) in the Delhi High Court.

$2M worth of allegedly fake Nike, Calvin Klein seized from Toronto clothing store

In a shocking turn of events, Toronto police seized nearly $2 million worth of allegedly counterfeit merchandise from an Etobicoke clothing store, called “Brands Gone Wild.”

US Retailers Surpass Tech Layoffs

The US retail industry has been facing a significant reduction in workforce, surpassing the tech sector in total layoffs.