Companies that cater to budget-conscious Chinese consumers have reportedly seen sales soar, while their upmarket rivals have struggled to keep up. Online retailer Pinduoduo, budget household-goods chain Miniso and Japanese fashion brand Uniqlo are among the companies that have benefited from this shift in consumer behavior, as Chinese shoppers have...
Following the challenges posed by the COVID-19 pandemic’s transition, a leadership reorganization, a shaky foray into health care, and recent labor issues with pharmacy staff, Walgreens is now going “line by line” to see where the company could cut costs. That’s the latest from the...
For years, Pinterest has been a mecca of inspiration, a virtual canvas where consumers explore endless creative ideas, whether it’s fashion, interior design, or any other endeavor that fuels the imagination. It’s a platform that ignites the spark of creativity and leaves users yearning to...
Netflix, the popular streaming TV service, has announced its plans to open retail stores called “Netflix House” in 2025. These stores will offer fans the opportunity to fully immerse themselves in the worlds of their favorite TV shows, providing a unique and interactive experience. According...
This week, Amazon and Walmart have been locked in intense competition, each striving to secure the loyalty and spending of shoppers. On Wednesday (Oct 11), Amazon concluded its Prime Day event, and the results are in. Meanwhile, Walmart also concluded its event Thursday (Oct. 12),...
Dollar General appointed current board member and former CEO Todd Vasos as its new CEO, effective Thursday (Oct. 12). Vasos will remain a member of the board of directors, a role he has held since 2015, while returning to lead the company “for the foreseeable future,” Dollar General...
London-based luxury resale platform Sign of the Times, has recently received new investment from industry leaders, including BrandAlley and Sweaty Betty founder Tamara Hill-Norton. This investment round will enable Sign of the Times to expand its operations in the second-hand market. The partnership with BrandAlley will involve a...
We’ve probably all observed the trend in minimalism. One component of the trend focuses on only acquiring essential items. While the minimalist aesthetic has gained significant attention on social media, its polar opposite has also gained traction, albeit in a more subtle manner. The trend,...
Flexible spending accounts (FSAs). Chances are, if you have one, it’s probably underused. While many people associate FSAs with medical and dental costs, many are unaware of the hidden wealth of wellness-related costs that can be covered. And this unexplored opportunity is opening up a...
