Taiwan Semiconductor Manufacturing Co. (TSMC) announced that it will build a chip manufacturing plant in Japan to boost its production levels during the global semiconductor shortage that’s affecting industries of all types, according to a report in The Wall Street Journal. Get the Full Story...
When the Washington Nationals won the 2019 World Series, it was against all odds — and yet, the first commercial after the final out was advertising championship merchandise available to be shipped within one day. Get the Full Story Complete the form to unlock this...
Walgreens is doubling down on its investment in healthcare offerings, with executives saying that the future of the pharmacy retail chain is dependent on making medical care easier for connected consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Shopping for secondhand clothing online can be daunting for consumers who want to inspect every item for tears, stains and imperfections a previous owner may have caused, leading to lost sales for sellers and frustrated shoppers. Get the Full Story Complete the form to unlock...
Home furnishing retailer Ikea said Thursday (Oct. 14) the ongoing supply chain bottleneck means it’s likely to face stock shortages for another year, according to a report in the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In today’s top retail news, a luxury products conglomerate said strong demand for luxury products continues to drive sales, while retailers such as Michaels are looking to open digital marketplaces to expand their customer base. Also, Lowe’s is launching a retail media service with a...
Third-party fulfillment is no longer cutting it for America’s largest grocers. Kroger, the largest pure-play grocer in the country, announced on Tuesday (Oct. 12) that it is partnering with United Kingdom-based grocery technology company Ocado Group to create several new automated warehouses on the East...
Luxury products group LVMH Moët Hennessy Louis Vuitton on Tuesday (Oct. 12) said its revenue rose 46% from 2020 in the first nine months of the year to 44.2 billion euros (more than $51 billion), including organic growth of 40% from January through September year...
Amid the accelerated shift to eCommerce over the past 18 months, apparel purchase behaviors have changed the most — 17% of all consumers are buying more of their clothing and accessories online than they did last year, according to PYMNTS data, including nearly 20% of...
