Fast fashion brand H&M saw a slight increase in sales as it faces increased competition in the crowded sector. The Swedish company on Wednesday (March 15) issued a report on its first-quarter sales that showed them climbing by 3% in local currencies. H&M is due...
Largely crediting its “Welcome Everybody” initiative, U.S. women’s fashion retailer J.Jill on Tuesday (March 14) announced its net sales in the fourth quarter gained 1.7% to reach $147.7 million, with comparable sales up by 5.3%, according to a company press release. The once struggling retailer,...
Fast fashion giant Inditex is investing in technology after reporting strong 2022 sales. The Spanish clothing company, whose brands include Zara, said in its yearly earnings report Wednesday (March 15) that sales had risen 18% year-over-year. And to help drive sales in the year to...
As retailers reflect on this past year’s performance, a trend from this quarter’s earnings has emerged: core products, core customers and customer loyalty. But why does it feel like we’ve heard this story before? We have. Just in different ways. While all three areas might...
February Consumer Price Index numbers demonstrate that grocers and consumers can’t catch a break. While inflation overall seems to be easing, with gasoline and major appliances seeing year-over-year price decreases, the same can’t be said for food at home. The cost of groceries remains stubbornly...
The fast-fashion wars are opening an unlikely new front — the resale space — as retailer H&M and fashion reCommerce platform thredUP disclosed a new partnership on Tuesday (March 14). In announcing the H&M Pre-Loved resale shop powered by thredUP’s Resale-as-a-Service model, Sweden-based H&M is responding...
Retailers in Los Angeles are increasingly keeping products locked up in response to shoplifting. Stores in the city have seen a 2% increase in theft and robberies so far this year compared to the monthly average of the pre-pandemic years of 2016-2019, local news source...
Before branded resale, third-party platforms like ThredUP, Vestiaire Collective, Poshmark and The RealReal dominated the pre-loved market — and fueled a global market value of $184 billion in 2022. The explosion of resale created a widespread adoption of peer-to-peer (P2P) selling and buying, extending the...
From New York to Portugal, self-checkout is taking over the grocery industry. In Europe, cashier-less checkout technology provider Sensei recently announced the launch of the continent’s largest-yet autonomous supermarket, nearly 5,400 square feet, dubbed “Dojo” in Lisbon, Portugal. The store, created in partnership with Hewlett Packard Enterprise,...
