Earlier this month, Chinese fast-fashion brand Temu sued rival Shein, accusing it of “intimidation.” That suit followed an earlier one filed in federal court in March in which Shein accused Temu of copyright and trade violations. But behind these court battles, The Wall Street Journal (WSJ) reported Sunday...
After going “bonkers” during the pandemic, the luxury retail sector is returning to its baseline. For years, luxury retailers enjoyed a post-pandemic boom thanks to shoppers in China and the U.S. But as the Financial Times (FT) reported Sunday (July 30), there are indications the sector has...
Crocs is in the business of collaborations. It’s a skill many can learn from, as the footwear company reported $1.07 billion in revenue on Thursday (July 27). The skill has been noted by PYMNTS in the past, as it serves as a valuable lesson for others who...
Victoria’s Secret will present a “re-imagined fashion show” on Amazon’s Prime Video. “The Victoria’s Secret World Tour” will be available to stream on Sept. 26, and a tour-inspired collection will be available for sale following the show’s release, the apparel brand said in a Thursday (July 27) press...
Amazon Prime Days and Walmart+ Week showed high participation this year. Consumers engaged more when they saw better bargains during the world’s top two retailers’ deal days. Data finds that customers who participated in July’s sales events were primarily motivated by the deals and savings...
GameStop’s chief financial officer is resigning, in the latest of several executive departures from the video game retailer. CFO Diana Saadeh-Jajeh will resign from her role on Aug. 11, GameStop said in a Thursday (July 27) press release. Saadeh-Jajeh told GameStop of her intention to resign on July...
Croissant, a FinTech platform that helps consumers realize the resale value of eCommerce purchases, has launched with $24 million in funding. According to a Thursday (July 27) news release, Croissant integrates into merchants’ platforms and offers customers a guaranteed buyback value on their goods at checkout,...
Payments FinTech Fiserv says it’s letting cardholders redeem points for Amazon purchases. The offering, announced Thursday (July 27), allows cardholders at financial institutions that are part of Fiserv’s uChoose rewards program and enrolled in the Amazon Shop with Points program to redeem rewards points for all or part of their qualifying...
Consumers’ spending behavior has slowed down, which is causing concern among retailers. Although they are still making purchases, the rate at which they are doing so falls short of what retailers desire. To address this challenge, brands and retailers are focusing on refining their product...
