The secondhand market is ready to explode, according to a report released Wednesday (June 23) by thredUP and GlobalData, with resale alone expected to grow 11 times faster than the broader retail clothing sector over the next five years. Get the Full Story Complete the...
GOAT, an eCommerce sneaker and apparel marketplace, wrapped up a $195 million Series F funding round. The firm achieved a $3.7 billion valuation with the round, more than doubling the $1.8 billion valuation it attained after its Series E round unveiled in September 2020, according...
Rite Aid, which has more than 2,500 retail pharmacy locations throughout 17 states, reported that revenues from continuing operations climbed by 2.2 percent to $6.16 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Back before the digital-first economy became a primary force, brick-and-mortar retailers staked their claim to the curious customer on their windows. In fact, as global retail consultant Debra Templar famously told her clients: “The first impression a person is going to get of your shop...
Snack food consumption surged during the height of the pandemic — after all, shoving a handful of gummy worms into your mouth may not solve the impending doom, but it sure can distract you for a moment. Now, however, as consumers begin to return to...
In today’s top retail news, Bed Bath & Beyond debuted another owned brand, while Perfect Corp. has integrated with Facebook. Plus, Nordstrom and Indochino are launching store-in-store shops. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
With its new “Target Forward” initiative, the Minnesota-based retail chain has created a centralized set of sustainability goals on par with Amazon, Walmart and countless other retailers, at a time when retailers are increasingly rethinking their priorities and reacting to changing consumer preferences. Get the...
Luxury department store Nordstrom and men’s custom-fit fashion retailer Indochino said Wednesday (June 23) they are launching nearly two dozen store-in-store locations in a move aimed at boosting sales at both companies at a time of changing taste and demand for back-to-work clothing. Get the...
Shoppers who flocked to Amazon to pick up summer savings walked away with less in their cart on average than in previous years, a potential sign that the earliest Prime Day yet did not cannibalize back-to-school sales happening later this summer. Get the Full Story...
