In the face of rising interest rates, record fuel prices, and inflation at a multi-generational high, consumers have begun to prepare for the building economic storm with an increased appetite for value, convenience and basic necessities from the nimble retailers that can offer it. Get...
Today is Monday (June 13), and bitcoin and other cryptocurrencies are feeling the heat from the ongoing inflation and expected interest rate hike. Plus, Walmart SuperCenters are focusing on clothing and home décor and U.K. regulators are pumping up the volume on Credit Suisse. Here’s...
Today in retail, Rent the Runway benefits from a resurgence in social gathers, while Stitch Fix, continues to struggle. Plus, the Consumer Price Index jumps 8.6% in May, Amazon jumps into artificial intelligence (AI) with Virtual Retail for Shoes, and Chari acquires retail app Diago...
More people enjoyed weddings, social gatherings and increased travel during the first quarter of fiscal year 2022, leading to a record active subscriber count for Rent the Runway in the three months through April 30, according to a company press release. Get the Full Story...
Artificial intelligence (AI)-powered personal styling site Stitch Fix continues to struggle to retain existing customers and captivate new ones, leading the company to slash about 4% of its workforce during the third quarter of fiscal year 2022, the company said in a company press release....
After a year of sparse shelves, rampant out-of-stocks and a strained holiday season that saw seasonal sales pulled back to Halloween, it is understandable that the nation’s leading retailers would want to load up on merchandise early to not be caught short. Get the Full...
Today is Friday, June 10, and banks are happy that people are finally using credit cards again and letting the balances rack up interest. But with record-high inflation, gas at $5 per gallon, and runaway prices for food, housing and just about everything, it could...
Today in retail, 60% of UAE shoppers use their smartphones while shopping in stores, and Amazon is expanding its Luxury division to five European countries. Plus, Five Below is ready to capitalize on other retailers being bumped from the market, Target is leaning on grocery...
At a time when more consumers are living paycheck to paycheck and belt-tightening is putting a dent on discretionary spending, Amazon is looking to tap into the resilience of high-end consumers by expanding its 2-year-old Luxury division to the five wealthiest nations in Europe. Get...
