Same-store sales, also known as comparable-store sales or “comps,” is a key performance indicator (KPI) that measures the revenue growth of a retail company’s existing stores over a specified period.
A recent report from RetailX Global Luxury Report 2024 reveals a surprising statistic: less than 14% of luxury shoppers are utilizing online channels for their purchases.
Amazon Business officially announced it is bringing its procurement services to Mexico, making it the 10th country where Amazon Business is available.
A ‘Click and Mortar’ shopper is someone who uses a combination of online and offline channels when making purchases.
Click and Collect is a retail fulfillment method that allows customers to order and pay for items online from a retailer and then collect them in-store.
Kelly-Moore Paints, a longstanding company in the paint industry, went out of business due to a combination of financial burdens and legal challenges.
The e-commerce sector has experienced remarkable growth, with the total number of online stores worldwide surpassing the 26.5 million mark.
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.
Retail management is the backbone of the flourishing retail industry—a dynamic field pivotal to delivering consumer satisfaction and driving business success.
THE OUTNET, a fashion retailer known for its luxury offerings, has engaged in various collaborations and exclusive collections that have contributed to its unique position in the market.
When you finish loading groceries into your car at your local retail store, you are faced with a simple yet significant choice: Should you return your shopping cart?
With the rise of online shopping, establishing a robust online presence is critical for any business looking to survive.
Concept stores have emerged as a new and exciting trend in the retail industry, offering consumers a unique and immersive shopping experience.
Retail expert is a professional with extensive experience and expertise in retail operations, sales strategies, consumer behavior, and market trends.
Retailers play a crucial role in the market, serving as the bridge between manufacturers and consumers.
Small Business Saturday is an annual event in the United States on the Saturday after Thanksgiving.
Fashion terminology is the very fabric that connects designers’ visions with the runway, and ultimately, to the retail stores where trends come to life for consumers.