Eco-friendly footwear and apparel firm Allbirds said it added four new stores and introduced a new line of products in its first report since its debut on the public market, but sales growth wasn’t enough to stem growing losses at the direct-to-consumer (D2C) company. Get...
Though online sales continue to outpace in-store purchases this holiday season, based on PYMNTS’ survey of Black Friday shoppers, consumers are frequenting stores more often now than they were a year ago — and some may find a transformed retail experience. Get the Full Story...
In the week since South African health officials first alerted the world to the existence of the omicron variant, families and friends have begun considering amended holiday plans as people rush to get vaccines and booster shots. Get the Full Story Complete the form to...
Brands are beginning to dip their toes into the virtual worlds of the metaverse, with Gucci, Nike, Vans and others opening up shop in Roblox, while Balenciaga and the NFL are among those creating “skins” for players in Epic Games’ Fortnite. Get the Full Story...
In today’s top retail news, luxury brands are actively curating their own selections of secondhand items to attract their niche of customers, while the new omicron coronavirus variant is threatening retail’s recovery. Also, Cyber Monday sales fell year-over-year to below $11 billion, and Twitter’s new...
With the busiest shopping day of the year having come and gone and its online equivalent now in the history books too, PYMNTS’ Black Friday retail research has revealed five key consumer trends that emerged from the early burst of holiday gift buying. Get the...
Cyber Monday sales fell for the first time in at least a decade, dropping 1.4% from $10.8 billion last year to $10.7 billion this year, according to Adobe Analytics data released Tuesday (Nov. 30). Get the Full Story Complete the form to unlock this article...
With U.S. inflation above 6% and the new COVID-19 omicron variant quickly emerging across the world, retailers are bracing for the possibility that supply chain disruptions and labor shortages could extend well into 2022 and are looking for ways to dampen the impact. Get the...
Each week, it seems, another luxury brand jumps into the secondhand market. Last week, for example, it was Oscar de la Renta; before that, it was Net-a-Porter; and last month, Valentino launched a project with four international boutiques to create a dedicated resale section on...
