In light of economic conditions, brands and retailers are seeking cost-cutting measures, leading to a surge in out-of-home (OOH) marketing mediums. This shift is attributed to the realization that online channels such as Snap and Facebook appear to be less effective than desired. After a...
Apple’s foray into the mixed-reality world is official. And the reality beyond the announcement? Well, it may be, mixed. Past may be prologue, and the prologue is the HomePod — indicating that the tech behemoth’s newest product launch is no shoo-in to be a slam...
Retailers have begun scaling back their warehouse and logistics operations amid changing consumer spending patterns. That’s according to a report Monday (June 5) by The Wall Street Journal, which names Big Lots and Walmart among the companies shutting down warehouses and/or laying off distribution workers...
Chanel has signed one of the largest lease agreements since the onset of the pandemic — a prominent retail space in the bustling shopping district of Causeway Bay in Hong Kong. The rented shop spans two floors, emphasizing Chanel’s commitment to maintaining a strong presence...
Perfect Corp. has created an innovative virtual hand-sizing technology aimed at assisting jewelry brands in minimizing their return rates. With the introduction of their new tools, users can now visualize accessories like rings, bracelets, and watches, empowering them to discover the most fitting products without...
As older consumers look for ways to reduce their grocery spending in the face of elevated food inflation, most young shoppers continue to splurge on the extra items they want, PYMNTS research reveals. By the Numbers Data from the latest installment of PYMNTS’ Consumer Inflation...
If you can sell your clothes, why can’t you also rent out your clothes? By Rotation, a U.K.-based app, is looking embrace the mindset of consumers who sell their belongings on third-party marketplaces like Poshmark and The RealReal — but apply it to a rental...
Forced to choose between protecting their margins and losing more share to discount retailers, grocery chains worldwide are slashing prices to remain competitive. In the United States, for instance, supermarket chain Aldi recently announced that it is reducing the prices of more than 250 products. “We don’t...
Buybuy Baby, the baby gear retailer owned by Bed Bath & Beyond, has caught the attention of at least two bidders as its parent company works to auction off its assets. CNBC reported Friday (June 2) that investment firm Ankura Capital Advisors is advising an...
