Officials from major U.S. retailers, including Home Depot, Best Buy and Target, called on Congress to intervene to thwart the online resale of stolen, fake and dangerous merchandise, according to a Thursday (Dec. 9) Reuters report. Get the Full Story Complete the form to unlock...
Any college-level Business 101 course makes at least a cursory mention of cannibalization, in which companies can inflict unintentional harm as new products edge out existing ones without a net gain, or by selling in cross-channel ways that redirect sales rather than increasing them. Get...
In the coming weeks, many families who have gathered for the holidays will sit down around the table to play board games such as Scrabble and Monopoly — and for some enthusiasts, they may blend in with the pieces. Get the Full Story Complete the...
Luxury retail platform Farfetch has acquired resale platform Luxclusif for an undisclosed sum, Farfetch announced Thursday (Dec. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Supply chain bottlenecks are still slowing delivery of some RH items, executives said Wednesday (Dec. 8), but most customers are willing to wait as the pandemic has permanently shifted the way people view their home. Get the Full Story Complete the form to unlock this...
In the company’s first quarterly report since going public in October, Rent the Runway executives said they see massive opportunities for customer acquisition in the coming years as well as potential to move beyond clothing and accessories, even as subscriber counts remain deflated versus pre-pandemic...
Seeing losses in the fiscal Q3, GameStop also saw its shares fall by 4%, CNBC reported Wednesday (Dec. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Fashion rental platform Rent the Runway saw its shares falling over 13% as it posted broader third-quarter losses, CNBC reported Wednesday (Dec. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In today’s top retail news, Stitch Fix is focusing on its new Freestyle direct purchase feature to make up for its suffering subscription business, while supply chain issues are causing more headaches for production of new Apple products. Also, Wayfair is planning to open three...
