The RealReal is reportedly shifting resources from its direct business to its luxury consignment business. One casualty of this move is the beauty products category. The luxury reseller and retailer is winding down its offering in this category after five years, The Business of Fashion...
As artificial intelligence (AI) continues to evolve and the conversation around OpenAI’s ChatGPT amplifies, more and more retailers are exploring what it could mean for them. Retailers can use Chat GPT in several ways to improve customer experience, increase sales, and optimize their operations. Here...
Snap has launched a program that helps businesses engage with customers via augmented reality (AR). The new AR Enterprise Services (ARES) enables businesses to integrate Snap’s AR technology into their own apps, websites and physical locations, the company said in a Thursday (March 23) press release. “We...
Luxury resale platform Kream has secured $168 million in a Series C funding round, valuing the company at approximately $742 million, doubling its previous value of $306 million as of October 2021. Kream’s total funding to date is now over $266 million, according to TechCrunch on Friday (March 23). ...
Levi Strauss & Co.’s focus on digital now extends to the models wearing its jeans. The clothing retailer announced Wednesday (March 22) it was working with Lalaland.ai, a Dutch digital fashion studio that makes customized models generated by artificial intelligence (AI), allowing shoppers to see...
Flash has launched an email domain designed for online shoppers. By downloading the Flash app and establishing an @flash.co email account, shoppers can keep their inbox free of emails that aren’t related to their purchases and related information, view order tracking, get spam protection and...
In a bid to double its sales, candymaker Mars is upping its focus on pets. The maker of brands such as Snickers and M&Ms now derives 20% of its revenue from its pet care business, the Financial Times (FT) reported Thursday (March 23) in a...
Following a 15% increase in beauty and perfume sales last year, luxury fashion house Hermès is expanding its beauty category with all-new products. The luxury retailer noted that today, its perfume segment only contributes 4% of the total revenue, with leather goods reportedly making up...
As overall retail sales slump, some sporting goods brands and merchants are demonstrating that health and wellness is anything but discretionary. A seamless integration of online tools and technologies, when coupled with in-store sales savvy, is proving remarkably successful for sporting goods brands that strike...
