Consumers become more price-conscious and hesitant to spend on non-essential or discretionary items when prices rise steadily. They may prioritize essential goods and services while cutting back on luxury or non-urgent purchases. This shift in consumer behavior can pose challenges for businesses, particularly those that...
As brands and retailers seek additional avenues to connect with consumers looking to make purchases, Zola, the wedding registry platform, is expanding its reach into the baby market by introducing a new app. The Zola Baby app has been developed in direct response to customer demand. Over...
H&M is planning to sell secondhand clothing from its flagship London store. The Swedish apparel retailer will debut its “Pre-Loved” collection of womenswear Oct. 5, the company said in a news release provided to PYMNTS Wednesday (Sept. 13). The move comes as H&M and others...
Birkenstock has filed to go public through an initial public offering (IPO) in New York. The German footwear brand did not specify in its Tuesday (Sept. 12) F-1 filing with the U.S. Securities and Exchange Commission (SEC) the number of shares or the IPO price. The Financial Times (FT) reported Tuesday that...
Sustainability initiatives have ignited a transformative spark across the fashion industry, compelling brands and retailers to realign their strategies with the evolving values of environmentally conscious consumers. While sustainability has permeated various market segments, from apparel and accessories to innovative rental and resale models, one...
In today’s fast-paced world, gift-giving has become a convenient and versatile practice. Among the many options available, gift cards have emerged as the go-to choice for many. These small, plastic tokens offer a world of possibilities to the recipient, allowing them to choose what they...
Retail giant Target has inked a partnership with jewelry brand Kendra Scott to offer exclusive collections of earrings, bracelets and other accessories. Under the new agreement, announced Tuesday (Sept. 12), Target will offer vibrant jewelry from Kendra Scott, both online and at approximately 150 of its stores. The debut collection, featuring...
Walmart has added a late-night delivery option to its range of online pickup and delivery options. With this new Late-Night Express Delivery offering, customers can now place their orders until 9:30 p.m., and Walmart guarantees delivery until 10 p.m., the retailer said in a Tuesday (Sept....
Fashion retailer Zara is reportedly facing challenges with its new anti-shoplifting system. The system, which relies on RFID technology to replace hard security tags on apparel items, was expected to be rolled out globally in July. However, the implementation has been delayed due to issues...
