It is an understatement to say that Amazon and Walmart have a strong presence in the U.S. retail shopping space; the two giants dominate the industry and define the market, albeit in distinct spheres. Amazon remains the undisputable king of eCommerce, capturing 53% of retail...
Why are Crocs cool? That’s an article The Harvard Crimson wrote just over a year ago, discussing the ugly but loved shoe that sits alongside its cousin, the Birkenstock. Despite its unattractive aesthetic, it’s a shoe that has been dubbed as one of the fastest-growing...
Discretionary retailers have been among the first segment to suffer as inflation continues to force customers to cut nonessential spending. Once-loyal customers are turning into merchant-agnostic deal-chasers, as 56% of U.S. retail shoppers have switched merchants in the name of cost-cutting, and price influences 67%...
Online shoppers in Germany are displaying a “just-the-basics” approach to spending. A report Thursday (April 6) from German eCommerce association BEVH showed that online sales of goods fell 15% during the first quarter of 2023 compared to the same quarter in 2022. That was the...
While 2023 might be the “year of groceries” compared to consumers’ general pullback in eating out, that doesn’t mean the sector has had it easy. Manufacturer price hikes have put small and independent grocers under particular strain, and these grocers are also bearing the brunt of consumers’ inflation concerns. All...
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...
