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US Retail News Headlines for December 27, 2023
RetailBoss is streamlining its retail news with our weekly retail roundup, including updates from around the globe. Here are today’s top stories from this week; if you want to get this news in your inbox, sign up for our free…
The Biggest Beauty M&A Investment Deals of 2023
In 2023, the beauty industry witnessed a flurry of mergers and acquisitions (M&A) as companies sought to expand their portfolios and capitalize on growth opportunities. Despite potential economic headwinds, the beauty market has demonstrated resilience and adaptability, with U.S. prestige…
China’s DHGate Experiences Record-Breaking Sales
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…
Jacquemus CEO exits
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. This news surprises many, given Daguzan’s relatively recent appointment to the position in…
Prada Buys Fifth Avenue Retail Building for $425M
Italian luxury fashion house Prada has purchased the building housing its flagship store on New York City’s prestigious Fifth Avenue. The transaction, valued at $425 million, was a landmark deal from leasing to ownership for the renowned brand. Prada‘s decision…
Plaintiffs Drop Greenwashing Lawsuit Against H&M
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 lawsuit, initially filed in the U.S. District Court for the Southern District of New…
Zulily Takes Legal Action Against Amazon in a New Lawsuit
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. The…
Walmart Expands Buy Now, Pay Later at Self-Checkout
Walmart has recently enhanced its customer payment options by incorporating Affirm’s buy now, pay later service directly into its self-checkout process. Affirm, known for its transparent and flexible payment solutions, allows consumers to make purchases and pay for them over time.…
Botika’s fashion forward approach to AI model generation
The integration of artificial intelligence (AI) is changed how retailers approach everything from marketing to inventory management. Botika, a trailblazer in AI-generated model technology, has recently partnered with Shopify to enhance the e-commerce experience for fashion brands. Botika‘s integration with…