While Richmont has essentially declared that China isn’t buying, prestigious London department store Harrods is preparing to unveil an exclusive club in Shanghai. This step not only marks the luxury retailer’s first venture into international territory but also contradicts the wishy-washy buying patterns observed among Chinese...
TikTok reportedly failed to fully pass a recent test conducted by the European Union’s governing body, raising concerns that the popular social media platform is not yet compliant with upcoming regulations. On Monday, EU Internal Market Commissioner Thierry Breton and his team conducted a “stress test” at TikTok’s...
European neobank bunq has added cash-back and savings bonuses to its offerings designed for digital nomads. bunq now offers 1% cash back on food and drinks to Easy Money and Easy Green users, and 2% back on public transportation to Easy Green users, the company...
With consumers pulling back on unnecessary purchases amid macroeconomic challenges, direct-to-consumer (D2C) beauty brand Half Magic is seizing on its founder’s wide social following to keep shoppers coming back even as they mind their budgets more carefully. The brand, co-founded by Donni Davy, makeup artist...
Opinions may vary, but Hollister Co. has left a lasting impression on those who came of age in the early 2000s. Renowned for its beach-inspired ambiance, low lighting, and captivating fragrance that hovered between inviting and overwhelming, the brand offered a memorable shopping experience. However,...
China, once hailed as the savior of the luxury sector, is no longer providing the same support as before, at least for now. The industry had relied on a revival in China to offset the sluggishness in the U.S. market. However, this lifeline is no...
To recoup costs for returns, retailers have traditionally relied on tactics such as high restocking fees or charging for returns. However, a new trend is emerging to promote informed and deliberate purchases to reduce returns. Zalando is the latest retailer to join this trend. Zalando...
Dollar General says it wants to help its customers earn cash back on purchases. The discount retailer recently debuted its DG Cash Back Program, which — via its partnership with rewards provider Ibotta — lets shoppers earn cash back in their DG Wallets. “As customers continue to seek new ways...
While consumers are excited about super apps, some investors apparently aren’t as sure. As the Financial Times (FT) noted in a report Tuesday (July 18), companies like Singapore’s Grab and the Indonesia-based GoTo enjoyed years of cash infusions for their vision of combining services like...
