Merchants are working to gain business that used to go to Bed Bath & Beyond. The retailer that declared bankruptcy this week had 35 million customers and a 33% share of registry listings in 2022, and those customers are now looking to shop elsewhere, ModernRetail...
Knowingly buying fakes is taking hold as a cost-cutting trend among younger shoppers. As the high price of luxury goods presents a barrier to purchase for many inflation-constrained shoppers, some Gen Z and millennial consumers have embraced buying fakes, or “dupes,” instead, as detailed in...
Struggling apparel retailer Gap is cutting 1,800 jobs as it looks to reduce expenses. The company announced the layoffs in a regulatory filing Thursday (April 27), in which it said these cuts were part of a plan to “simplify and optimize its operating model and...
Hasbro is finding that demand for toys is down, while digital gaming remains strong. Overall, the branded entertainment company saw revenues decline 14% year over year during the first quarter, in which the current environment remained challenging and the company worked to clear retail inventory,...
BaubleBar has made an entire business around customization, initially with jewelry and later expanding to phone cases. While this may appear to be a niche product at first glance, consumer behavior has shown that BaubleBar’s emphasis on personalization has resonated with its audience. The brand...
Target has begun the nationwide rollout of its curbside returns service. The retailer launched the service at about 500 stores last week, CNBC reported Wednesday (April 26). Target announced in February that it would begin adding curbside returns this spring and have the service at...
Walmart is offering new moms a Mother’s Day gift: free Walmart+ subscriptions. The retail giant is giving away up to 20,000 one-year memberships to the program to moms who give birth in hospitals during the month of May, according to a press release. The giveaway,...
While Sephora and H&M are just two of the biggest names in the retail industry, they’re also at the forefront of sustainability initiatives which are not only aligning with customer values but they’re also driving customers back in-store. Sephora has launched a program called Beauty...
In February, Away luggage toyed with the idea of selling. Now, it’s expanding its physical footprint with its latest store opening in San Jose, California, this week. See also: Luggage Brand Away Reportedly Seeking Potential Buyers The decision to look for a purchaser follows the...
