Gap has a new CEO, Richard Dickson, beginning Tuesday (Aug. 22), in a move that reportedly signals renewed optimism for the company. Dickson’s appointment has sparked investor confidence, with shares of the specialty apparel company gaining 10% since the move was announced on July 26, the Wall Street Journal...
“It’s more than shoplifting. It’s organized retail theft,” PYMNTS said at the end of May and it’s an issue that lives on. U.S. retailers are still grappling with “inventory shrinkage,” which encompasses the vanishing of products owing to theft, coordinated criminal endeavors, product impairment, vendor deception,...
Shopping over social media seems to be the next frontier of eCommerce spend, with 43% of consumers (approximately 110 million individuals) browsing these platforms to find goods and services. However, only 14% (36 million individuals) buy those goods and services via social media. Data shows...
In 1968, Vogue magazine published an article titled “Can Great Skin Be Created?” by beauty editor Carol Phillips. It caught the attention of dermatologist Dr. Norman Orentreich and journalist Evelyn Lauder, who were both intrigued by the idea of merging dermatology and cosmetics to create a...
Sneaker rental platform Kyx World learned a hard lesson in January. Demand for its shoes dropped, and it had to abruptly cease operations just a month after securing a round of seed funding, Sole Retriever reported at the time. Maybe sneaker rentals weren’t the way to go. The company...
The Honest Company, a digital startup founded by actress Jessica Alba, is reportedly looking to boost its physical presence by expanding its partnership with Walmart. The company, which has primarily relied on eCommerce for its sales, is hoping that a store-within-a-store concept at the retail...
Consumers are proving resilient when it comes to spending on health and beauty products. That’s one of the takeaways this past week from Target and Walmart’s earnings calls, and from other retailers, too. By and large, shoppers seem comfortable using online channels, and in some...
As inflation exerts its influence on consumer purchasing decisions, off-price retailers are benefiting. Among the off-price retailers, TJX Companies has recently reported benefiting from the patronage of Gen Z consumers, a demographic known for their budget-conscious shopping. Now, another retailer, Ross Stores, has emerged as...
The eagerly anticipated earnings release for Walmart beat analyst predictions, showing how efforts by the Bentonville-based retailer to increase market share and grow its customer base may be paying off. Per the company’s earnings release, Walmart U.S. comp sales rose 6.4% quarterly, led by a...
