U.K.’s high streets have been hit with the hardest times in a quarter of a century with the closure of 16,000 stores this year and 140,000 jobs lost, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Nordstrom’s recently-opened flagship store in New York City has 320,000-square-feet of shopping across seven floors — and no less than 10 restaurants, making it a destination for eating as well as shopping, Forbes reported on Monday (Dec. 30). Get the Full Story Complete the form...
Barney’s has given way to Saks Fifth Avenue, directing shoppers to the latter’s sites in these last days of the year, one of the latest changes in luxury retail in 2019. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
This year, eCommerce innovators welcomed consumers who wanted to rent — instead of own — their wardrobes, with clothing rental startups growing their reach through the help of new offerings and partnerships. And, in some cases, brick-and-mortar retailers brought these concepts to their own brands with...
Gift returns have become a holiday tradition in the U.S., with consumers anticipated to send back a record $100 billion worth of unwanted goods bought this year between Thanksgiving and Christmas, The Financial Times reported. Get the Full Story Complete the form to unlock this...
That Amazon is a widely lionized yet simultaneously imitated force in retail is not surprising. Ever since Amazon introduced a one-click checkout, a loyalty program that people willingly paid for, two-day shipping that has compressed to same-day delivery, attempts at reinventing retail by everyone in...
Christmas is now in the 2019 rear-view mirror. Gifts have been unwrapped, and 10 percent of packages are, or are in the process of being returned. This year, confident U.S. consumers spent, and spent big. According to Mastercard, sales are up 3.4 percent and eCommerce sales...
Arts and crafts retailer Michaels has announced that Walmart executive Ashley Buchanan will be taking over as CEO from Mark Cosby, and shares jumped 15 percent after the news, according to a report by CNBC. Get the Full Story Complete the form to unlock this...
With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games. Atlantic City casinos, as well as their online partners, have brought in $433 million from virtual games through November this year...
