Millennials are having a tough time making ends meet. Enduring the economic recession that trailed the 2008 crash was like navigating a rocky sea for millennials. They weathered the storms of job insecurity and low wages, only to be hit by the tidal wave of consequences...
Amazon and Walmart are revving up their engines with initiatives set to hit consumers by the year’s end or the start of 2024. The projects go full throttle on transportation and delivery, but the road diverges when dissecting each retail giant’s strategy. Beginning in 2024,...
Retailers are leveraging innovative solutions, such as biometrics, to enhance convenience, security and personalized services in their day-to-day business. Biometrics systems are gaining popularity as an authentication method for more and more digital tasks, including retail purchases. Retailers can offer customers a seamless shopping experience...
As inflation takes its toll on consumer spending, luxury consignment stores are grappling with the effects, witnessing a notable increase in the challenges associated with high-end fashion. The RealReal is undergoing a comprehensive revamp, involving alterations to its commission system, a reevaluation of its supply...
Nordstrom, once known for its opulent runway and exceptional service, is increasingly delving deeper into substantial discounts to navigate financial challenges. But is it working? During the third quarter, Nordstrom opened 11 new Rack stores, with an additional one introduced early in the fourth quarter,...
Retailers are reportedly bracing for a tough holiday season, with economic demand slowing and outlooks mixed. Despite offering higher discounts and competitive promotions, retailers are uncertain if these measures will be enough to stimulate spending during their most important period of the year, Reuters reported Tuesday (Nov....
Walmart is beginning to add parcel stations to its stores that serve as delivery hubs. The retailer plans to have over 40 parcel stations in stores by the end of the year, with many operating in time for the holiday season, Walmart said in a...
As customers embrace value, Best Buy is emphasizing promotions and in-store experiences, aiming to create compelling reasons for them to make it to the checkout counter. “We are excited about the promotions and deals we have planned for all customers and budgets, including special promotions...
Athletes who shop through multiple channels are driving sales growth at Dick’s Sporting Goods. “Omnichannel athletes make up the majority of our sales, and they spend more and shop with us more frequently than single-channel athletes,” Dick’s Sporting Goods President and CEO Lauren Hobart said...
