Specialty discount retailer Five Below has unveiled plans to expand through Simon’s retail portfolio, including its Premium Outlets. The expansion with Simon will encompass a range of products geared toward tweens, teens and beyond, according to a Thursday (May 18) press release. Five Below aims to...
Lululemon has made a minority investment in Australian recycling company Samsara Eco. The companies will collaborate to make recycled nylon and polyester from the apparel waste generated while producing Lululemon’s athletic apparel and use it to create brand-new apparel, Lululemon said in a Thursday (May 18) press release. “Nylon...
Amid inflation, shoppers are actively seeking out affordable options. This trend has prompted consumers to search for merchants whose prices are in line with their budget. This has proven advantageous for retailers like Ross Stores, which strive to offer the “best branded bargains possible at...
Target has reported a disturbing surge in retail crime, which is anticipated to cause an estimated $500 million more in losses and stolen merchandise this year compared to the previous year. In fact, workers at a Target store in downtown San Francisco recently told a...
Amid reports of struggling sales among other retailers, T.J. Maxx has benefited from the growing interest and support of Gen Z and millennial shoppers. “We continue to attract an outside number of younger customers to our stores, including many Gen Z and millennial shoppers, which...
eBay is ramping up its luxury efforts with the purchase of authentication firm Certilogo. The deal gives eBay access to the Certilogo technology platform, which lets brands and designers manage the lifecycle of clothing and lets consumers verify the authenticity of their garments, according to a Wednesday (May 17)...
In line with retailers like Macy’s, Bloomingdale’s, and Century 21, Swedish furniture giant IKEA is also embracing a smaller and more streamlined approach. With 51 locations in the United States, IKEA has recently announced its ambitious plan to open 17 stores nationwide over the next...
Shein’s latest funding round has reportedly lowered its $100 billion valuation by a third. The online-only fashion retailer raised $2 billion in the most recent round, and slashed its valuation to $66 billion amid a drop in share prices for tech companies, The Wall Street...
Selfridges has launched a pop-up shop at which consumers can resell or restore pre-owned clothing and accessories. The United Kingdom-based luxury department store chain is offering The Stock Market at The Corner Shop for a month, hosting it at the firm’s permanent pop-up space at its flagship location...
