Retail

Retail
Empty Shelves Test Grocery Store Customer Loyalty
November 22, 2021

Grocers are already seeing supply chain challenges impact their ability to meet demand this holiday season. Lakeland, Florida-based supermarket chain Publix, which operates 1,289 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia, confirmed to Jacksonville, Florida’s First Coast News on Friday...

Retail
Merchants Lose 2% of Sales Every Year to Return and Promotion Policy Abuse
November 22, 2021

Policy abuse can cause retailers to lose more than 2% of their revenue each year, and yet only 46% of firms use internal technology to automatically identify repeat abusers, making it easier for unscrupulous customers to get away with fraud. Get the Full Story Complete...

Retail
Target Announces Permanent Thanksgiving Day Closure
November 22, 2021

Target is keeping its stores closed permanently on Thanksgiving Day, according to an Associated Press report on Monday (Nov. 22), indefinitely extending a practice that started when the ongoing spread of the COVID-19 pandemic caused retailers to change the way they approach the unofficial kickoff...

Retail
Authentic Brands Group Shelves IPO Plans 
November 22, 2021

Retail aggregation firm Authentic Brands Group has scrapped its plans for an initial public offering (IPO) and will sell stakes to private equity firm CVC Capital, hedge fund HPS Investment Partners and a group of existing stakeholders at a $12.7 billion valuation, according to a...

Retail
Brands Bet Big on Sales in the Metaverse
November 22, 2021

For decades, consumers have sought the hottest and trendiest apparel items to show off their tastes to the world, and as the metaverse continues to increase in prominence, brands are betting those fashion preferences will transfer to virtual personas even when no physical items are...

Retail
Authentic Brands’ IPO Delay Won’t Slow Evolution of Retail Marketplace Aggregators
November 22, 2021

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Retail
Retailers Use AI to Build Trust in Secondhand Luxury, Sneaker Sales
November 22, 2021

There is nothing like searching online for a nice secondhand watch, handbag or pair of sneakers, only to have the item show up and turn out to be phony, causing headaches for the consumer and costly chargebacks for the merchant. Get the Full Story Complete...

Retail
Lush Cosmetics Shuttering All Social Media Presence
November 22, 2021

Eco-friendly makeup company Lush Cosmetics is making a radical move and shutting down all social media accounts — Instagram, Facebook, TikTok, Snapchat — in a move to address its customers’ mental health issues. Get the Full Story Complete the form to unlock this article and...

Retail
Shopping Bots See New Use During Holiday Season
November 21, 2021

Shopping bots, which can search retail sites automatically, are the rise as a way to help parents shop for Christmas gifts in lieu of searching increasingly empty store shelves, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this...