Retail aggregation firm Authentic Brands Group has scrapped its plans for an initial public offering (IPO) and will sell stakes to private equity firm CVC Capital, hedge fund HPS Investment Partners and a group of existing stakeholders at a $12.7 billion valuation, according to a...
For decades, consumers have sought the hottest and trendiest apparel items to show off their tastes to the world, and as the metaverse continues to increase in prominence, brands are betting those fashion preferences will transfer to virtual personas even when no physical items are...
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There is nothing like searching online for a nice secondhand watch, handbag or pair of sneakers, only to have the item show up and turn out to be phony, causing headaches for the consumer and costly chargebacks for the merchant. Get the Full Story Complete...
Eco-friendly makeup company Lush Cosmetics is making a radical move and shutting down all social media accounts — Instagram, Facebook, TikTok, Snapchat — in a move to address its customers’ mental health issues. Get the Full Story Complete the form to unlock this article and...
Shopping bots, which can search retail sites automatically, are the rise as a way to help parents shop for Christmas gifts in lieu of searching increasingly empty store shelves, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this...
In today’s top retail news, Farfetch CEO José Neves told analysts on a conference call that next year will be a critical moment for the company in its evolution beyond just a marketplace, while Meta is adding shopping capabilities to Facebook Groups. Also, Macy’s executives...
Santa has yet to ride down 34th Street in the Macy’s Thanksgiving Day Parade and the turkey has yet to be carved, but nearly 50% of consumers say they’ve already started making holiday gift purchases amid inventory shortages and rising prices. Get the Full Story...
Small retailers across the U.S. are having trouble overcoming the supply chain snafus of the past several months, while the nation’s biggest companies — including Walmart, Home Depot, Lowe’s and Target — are finding solutions to work around them, according to a Financial Times report...
