Bloomingdale’s will roll out its third small format store this year, continuing a trend seen across the retail space. The new Bloomie’s location is to open in Seattle in 2023, following the launch of the small format concept in Fairfax, Virginia, in 2021 and Chicago...
Sports retailer Fanatics has lost its taste for NFTs and is unloading its majority stake in Candy Digital. The company plans to divest its 60% stake in Candy to escape what Fanatics Executive Chairman Michael Rubin called an “imploding NFT market,” CNBC reported Wednesday (Jan....
Whether it’s for speed, convenience, precision or accessibility, the cosmetic industry is undergoing a major makeup makeover. While a challenging economy and changing consumer tastes and needs are always driving product innovation in this multibillion-dollar global business, the push toward bringing new technology and innovation...
Victoria’s Secret’s transformation will continue with a new brand CEO and a newly acquired company. The lingerie and beauty products retailer announced Tuesday (Jan. 3) the upcoming departure of Brand CEO Amy Hauk and the completion of its acquisition of digitally native intimates brand Adore...
A roaring return to brick-and-mortar shopping and pullbacks in some eCommerce categories gives the impression that online sales are down. They’re not. While 2022 did see Amazon’s stock price contract by 50% — equating to roughly $1 trillion of lost valuation — it’s as much...
Target is “no longer an attractive investment,” a Wells Fargo analyst said Wednesday, citing a range of continued headwinds and challenges. This, as Edward Kelly, an analyst for the bank, said the retailer’s outlook “has deteriorated meaningfully,” according to a summary of the report Wednesday...
Flash sales and scarcity are in play as brands seek to optimize inventory and profits. Early signs are already there, such as the Tiffany & Co. tease for its forthcoming “limited series” take on the classic FENDI Baguette bag. In other words, follow those email...
Rolex is reportedly finalizing another round of price increases amid continued strong demand from luxury shoppers. This, according to a Bloomberg report Tuesday (Jan. 3) that noted the latest increase comes just four months after a 5% hike on some watch models in September. While...
Chewy will reportedly open at least two automated fulfillment centers as it tries to curb rising labor costs. Speaking to The Wall Street Journal (WSJ) Tuesday (Jan. 3), Chief Financial Officer Mario Marte said the move will reduce the time workers spend tracking down and...
