In today’s top retail news, strong demand coupled with supply chain bottlenecks are pushing inflation higher and causing Adidas to project $1.2 billion in lost sales over the coming months. Also, Poshmark, despite a supply advantage, reported lower-than-expected sales in the third quarter as it...
Nearly two years of pandemic life has left many people in need of a new wardrobe, whether it’s because styles have changed or sizes have fluctuated, and with plenty of binge-worthy TV shows to discuss. And though consumers can’t yet buy a replica of Joe...
President Joe Biden on Tuesday (Nov. 9) met with leaders from Walmart, United Parcel Service, FedEx and Target, according to a Reuters report, in an effort to expedite deliveries and lower prices for consumers during the ongoing supply chain snafu that’s hindering all segments of...
Peloton on Tuesday (Nov. 9) announced its first connected strength product, an artificial intelligence-enabled device dubbed Peloton Guide, as the company faces plummeting market value in the face of slowing revenue and subscriber growth. Get the Full Story Complete the form to unlock this article...
Resale marketplace Poshmark reported lower-than-expected sales in the third quarter as the company grapples with the impact of Apple’s privacy changes in its iOS system, the latest digital firm to note a setback because of the update. Get the Full Story Complete the form to...
In today’s top retail news, The RealReal and thredUP see an opportunity to capture consumers as rivals struggle with their supply chains, while brands are set to capitalize on virtual sales as the metaverse goes mainstream. Also, Macy’s is taking steps to attract new employees...
Amid the pandemic in 2020, U.S.-based retailers said they would close more than 10,700 stores, some of the starkest evidence of COVID-19’s impact on the economy and consumers’ accelerated shift to shopping online. Get the Full Story Complete the form to unlock this article and...
When Facebook announced its rebranding to Meta Platforms, many people were left wondering what the metaverse is, leading to a spike in Google searches for the term at the end of October. But for brands and retailers, plans to capture consumers’ attention — and dollars...
Macy’s, Inc., on Tuesday (Nov. 9) announced it will be raising its minimum wage for employees to $15 per hour as part of a corporate benefits package that will also include debt-free tuition and raises for employees at all levels of the company. Get the...
