Elizbeth Arden has launched a virtual store that enables browsing, gameplaying and shopping. The Revlon-owned beauty brand created the metaverse shopping experience in partnership with experiential eCommerce platform Obsess and launched it Tuesday (May 16), Elizabeth Arden said in a Wednesday press release. “We are truly operating as an omnichannel business to evolve...
Inspired by Macy’s, Century 21, the department store chain celebrated for its deeply discounted designer clothing, is staging a comeback following its closure in 2020. With a renewed strategy, it is embracing a more streamlined approach to retail as it strives to reclaim its prominent...
The Home Depot missed Wall Street revenue expectations for the second quarter in a row. The home improvement retailer on Tuesday (May 16) reported earnings that showed sales of $37.3 billion, down 4.2% year over year. It marked the second time in as many quarters...
PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. Mario Shiliashki, Global Payments CEO at PayU, says retail will likely face another challenging year. Merchants must collaborate closely...
Victoria’s Secret (VS) is reviving its iconic fashion show but with a fresh approach. Instead of the traditional runway event, the brand is featuring women from diverse backgrounds worldwide in a full-length film called “Victoria’s Secret World Tour.” The movie aims to highlight the brand’s...
The fashion industry used to view collaborations between luxury brands and fast fashion as taboo. Luxury brands were reluctant to partner with fast-fashion retailers for fear of damaging their brand image. Nevertheless, the landscape has changed as consumer attitudes towards fashion have shifted and new...
The Wall Street Journal reported last month (April 7) on the evolution of self-checkout systems, focusing on Uniqlo’s parent company, Fast Retailing, and its introduction of radio frequency identification (RFID) technology into the process. In stores where the system is implemented, shoppers can simply drop...
As consumers cut spending, investors are reportedly worried Target’s next earnings will miss the mark. The retailer is set to release quarterly figures Wednesday (May 17), and expectations for what those numbers will show have been set low, Seeking Alpha reported Saturday (May 13). The report quotes Morgan Stanley analyst...
Inflation might be cooling but it hasn’t worn off yet, especially as consumers continue to purchase products that can essentially be dubbed “in demand.” Take Olay’s new SPF 30 mineral sunscreen for sensitive skin, which was reportedly found to retail for $50 in stores. In...
