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China’s leading B2B cross-border e-commerce marketplace, DHgate, reported a record-breaking performance during the Black Friday and Cyber Monday 2023 period, doubling its Gross Merchandise Value (GMV) compared to the previous year. This five-day sales event, strategically planned for the 2023…
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). In an era where technology evolves at an unprecedented pace, understanding the trends shaping…
A mountain of unsold inventory is a multifaceted issue facing high-end luxury retailers this holiday season. Retailers and brands alike grapple with the issue of unsold inventory, balancing financial considerations with brand reputation and environmental impact. The critical problem stems…
For luxury shoppers, value retention and resale value is paramount for savvy investors and fashion enthusiasts alike. Rebag, a leading authority in the luxury accessory market, has just released its fourth annual Clair Report, offering invaluable insights into the resale…
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. Amidst this economic backdrop, Dollarama is a discount retailer for budget-conscious shoppers, has reported a…
The world’s largest retail trade association, National Retail Federation (NRF) recently found itself in the spotlight for a significant correction regarding inventory loss figures. Initially, the NRF reported that nearly half of the $94.5 billion in industry shrink—a term encompassing…
Retail theft is a growing concern that casts a shadow over small businesses across the United States. A staggering 90% of small business retailers have experienced theft at their stores, painting a grim picture of the challenges these establishments face.…
A recent Forbes report has shed light on a critical benchmark for online retailers—the 11-second rule. It’s the maximum window of time an online shoppers are willing to give a website to capture their attention and guide them to what…
New survey from GoDaddy shows 41% of Gen Z and 43% of Millennials have followed a brand on social media for a discount, but 47% of small businesses do not offer a discount code when someone follows their brand on…
The exponential rise of social media platforms has altered the way we make purchase decisions, turning away from traditional shopping routes. We now follow trends driven by viral sensations, online influencers, and catchy soundtracks, mostly on popular platforms like TikTok. …