Inflation and recession jitters are cutting into the spending of households that aren’t living paycheck-to-paycheck, a sign of growing uncertainty among those with disposable income and good credit scores. Even among households with comfortable incomes, rising prices are causing select spending reductions. While spending in...
By most measures, the four core businesses of newly listed Solo Brands are growing sales in a sluggish economy and enjoying solid customer retention and return rates. Compare that to the 75% drop that Solo’s shares have suffered this year after going public in October...
Innovative Eyewear has licensed the Eddie Bauer brand for smart glasses. The developer and retailer of smart eyewear said in a Wednesday (Dec. 28) press release that it has licensed the outdoor brand through a multi-year, global agreement with Authentic Brands Group and that it...
Compared to 2019, U.K.’s Boxing Day retail traffic dropped by about 25%. A popular shopping day, when retailers in the country launch their after-Christmas sales, Boxing Day (Dec. 26) has long been the single biggest shopping day in the U.K.’s retail calendar, prior to the...
If you work in the consumer packaged goods (CPG) world, you’re worried about “shelf facings.” That’s a term for the number of units of a product that can be seen from the front of a shelf in a retail store. As you might imagine, this...
Retailers that rely heavily on social media for sales may want to consider diversifying platforms. TikTok is poised to be regulated in the U.S. and has already been banned on government-issued devices in multiple states, including South Dakota. Meanwhile, Twitter is searching for a successor CEO and EU...
In 2022, trends in retail technology materialized or matured in a year that defied predictions. Confining our scope to just what happened in retail, PYMNTS notes that many, if not most, of these concepts have been ramping up for some time and have applications elsewhere....
The luxury retail sector is expecting more Chinese tourists after three years of pandemic restrictions. China announced Monday (Dec. 26) that it will lift international travel restrictions in January. This will allow the return of Chinese tourism, which is the world’s largest source of tourist...
Amazon Air is reportedly trying to sell excess air cargo capacity amid slowing consumer demand. According to a report by Bloomberg, which cited unnamed sources, Amazon has hired executives with a background in marketing cargo space for airlines, including experience filling empty planes coming back...
