While other retailers are seeking partnerships with beauty retailers to secure high-end beauty brands and attract high-income earners, Dollar General is taking a different approach by focusing on what it does best — offering customers exceptional value, even in the beauty space. The discount retailer...
The global secondhand apparel market is expected to nearly double by 2027. The market will leap from $177 billion in 2022 to $351 billion in 2027, driven primarily by consumers seeking value, ThredUp, an online consignment and thrift store, said in a Wednesday (April 5)...
How do you convince a generation unused to wearing wristwatches to change their habits? If you’re a luxury brand like Rolex and Cartier, you apparently try to court them using Snapchat and bitcoin. That’s according to a Fashion Network report, which noted research indicating luxury...
TikTok might get banned in the U.S., but advertisers apparently aren’t behaving that way. Ad spending on the popular social media platform grew by 11% last month, the Financial Times (FT) reported Thursday (April 6), citing data from app analytics firm Sensor Tower. Among the...
At its investor day in Tampa, Florida, on April 4-5, Walmart executives laid out a five-year plan that emphasizes membership, choice and a thoroughly modernized customer experience. In his closing day remarks, Walmart President and CEO Doug McMillon said a 4% growth target over the next three to...
Bed Bath & Beyond has collaborated with ReStore Capital to launch a vendor consignment program. With this program, credit-focused investment manager ReStore Capital will purchase up to $120 million in merchandise from the retailer’s key suppliers, on a revolving basis, to increase the availability of...
From clever gift arrangements to scalp health and haircare, former Vice President of eCommerce at Edible Arrangements Erica Randerson has made an interesting pivot and is now leading growth strategy for direct-to-consumer (D2C) brand Divi. But why? “One of the things that drew me to...
This week in grocery, Stop & Shop expands its digital discounts and grocers tap BNPL. Ahold Delhaize-owned Stop & Shop, a grocer with more than 400 stores across five Northeastern states, announced Monday (April 3) that it is expanding its partnership with digital marketplace Flashfood,...
Today’s ever-more digital world has rapidly evolved consumer expectations around the shopper journey. Modern shoppers increasingly want a digital-first experience, and they want it from every merchant they shop with no matter their size. That’s according to data in the latest PYMNTS report, “2023 Global...
