IKEA is expanding its omnichannel capabilities with its biggest investment in four decades in the United States. The $2.2 billion investment over the next three years will add new locations, strengthen its fulfillment network and expand its product line, the home furnishing retailer said in...
On the surface, Flip, a shopping social network, provides consumers with brutally honest reviews — an element of the shopping experience that has been scarce in the retail industry. But that’s what TikTok’s for, right? Generation Z craves anything with an authentic baseline and isn’t...
Bed Bath & Beyond is reportedly within days of declaring bankruptcy following a failed fundraising effort. A Chapter 11 filing by the struggling home goods retailer could come as soon as this weekend, The Wall Street Journal (WSJ) reported Wednesday (April 19), citing sources close...
Even the largest ultrafast grocers are taking a hit as economic challenges rack the industry. Now, even Turkey-based multibillion-dollar quick-commerce firm Getir, which seemed to have largely escaped the challenges that other players in the space have faced, has been dealt a major blow. On...
Toshiba Global Commerce Solutions has opened a new center to provider retailers with enhanced intelligence. The company on Wednesday (April 19) announced the launch of its Global Services Command Center at its headquarters in Durham, North Carolina. “The ‘mission control’ site for the company’s Proactive...
From Stella McCartney launching sustainable beauty to Dries Van Noten and Off-White expanding into makeup or skincare, apparel retailers have increasingly made strategic efforts into the beauty industry, seeing it as a promising avenue for growth. H&M is the most recent apparel retailer to venture...
Zalando will add a ChatGPT-powered fashion assistant to its online platform for fashion and lifestyle. The fashion assistant’s generative artificial intelligence (AI) capabilities will enable it to help customers find and select items based on questions they ask using their own words or fashion terms,...
WWE has expanded its partnership with Fanatics, giving the sports retailer control of events merchandising. That means that Fanatics Commerce — the company’s eCommerce, licensed merchandise and physical retail operations business — will manage on-site retail sales for all of the WWE’s 300-plus wrestling events...
In the first quarter of the year, Italian luxury group Brunello Cucinelli, most renowned for its cashmere apparel, witnessed sales growth of 33% at constant exchange rates. The increase was mainly attributed to performance in the Americas and a resurgence in Asia, reflecting the emergence...
