When it comes to increasing digital engagement, traditional eCommerce can take cues from social media and messaging. As new PYMNTS data found, a spike in social and message app use in 2022 is reflective of a consequential shift in how people are using digital tools...
Discount apparel retailer Ross Stores has opened 40 new stores in recent months, part of a plan to grow to 3,000 brick-and-mortar locations as inflation-weary consumers seek deals on apparel. According to a Monday (Oct. 31) news release, the company has opened 28 Ross Dress for...
Retail behemoths Amazon and Walmart have become the two fiercest competitors for consumers’ retail spending. While the proliferation of mobile devices, apps and payment technologies makes online shopping ever more efficient, physical shopping seems increasingly friction-filled. As consumers seek more convenience, shopping has become a...
In an effort to better understand how consumers are buying its products, candymaker Mars has announced a new partnership with consumer rewards app Fetch to offer points for purchasing the company’s products when shoppers send in a picture of their receipts. Through the initiative, Mars can gain...
When the world’s largest eCommerce company sneezes, to bend the analogy, the retail industry catches a cold. That concept, concerning the outbound spreading of symptoms to others around you, has never been more true as Amazon’s stock starts the new day pretty much where it...
Supply chain constraints are easing, but footwear company Deckers Brands has been shipping products to key markets ahead of the holidays to ensure it has them on hand for the peak selling season, company executives said Thursday (Oct. 27) during the company’s quarterly earnings call....
Fast-fashion retailer Shein is reportedly generating revenue at a rate that is putting it close to that of its rivals, H&M and Zara. The online retailer is expected to generate revenue of close to $24 billion and gross merchandise value (GMV) of $30 billion this...
One year after its heady $1.7 billion initial public offering (IPO), fashion rental and resale company Rent the Runway is facing a far more humbling reality after its stock has plunged 90% since its debut. While the entire market and resale category have also suffered,...
With an arsenal of a dozen brands and D2C websites, a vast wholesale business and 1,300 of its own physical stores, VF Corporation has a unique purview of the global apparel industry. While the Denver-based holding company is actively pushing new product designs, designer partnerships...