apparel

Shoppers’ Demand for Affordability Shapes Target’s Summer Strategy
Shoppers’ Demand for Affordability Shapes Target’s Summer Strategy
May 28, 2024  |  Retail

As consumers’ shopping behavior continues to be highly motivated by prices, Target is tailoring its summer assortment to these deal seekers’ interests. The retail announced...

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Target: Consumers’ Splurges on Experiences Cut Into Discretionary Retail Budgets
Target: Consumers’ Splurges on Experiences Cut Into Discretionary Retail Budgets
May 22, 2024  |  Earnings

As consumers look to balance their desire to treat themselves with ongoing economic concerns, Target is seeing shoppers’ shift to discretionary spending on experiences negatively impact their budgets for nonessential...

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eBay and Rakuten Bet Resale Shoppers Will Flock to Japanese Fashion
eBay and Rakuten Bet Resale Shoppers Will Flock to Japanese Fashion
May 22, 2024  |  Retail

As consumers look for more affordable ways to get unique and/or high-quality apparel, eBay and Rakuten are testing to see if U.S. consumers will jump at the chance to buy secondhand Japanese fashion....

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Poshmark Shoppers Get New Data-Powered Recommendations From Sellers
Poshmark Shoppers Get New Data-Powered Recommendations From Sellers
May 16, 2024  |  Retail

Fashion resale marketplace Poshmark is bringing artificial intelligence (AI) to its community of 130 million people via its Promoted Closet feature, which exited beta status...

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As Consumers Pause Spending in April, Is Summer Slowdown Looming for Merchants?
As Consumers Pause Spending in April, Is Summer Slowdown Looming for Merchants?
May 15, 2024  |  Economy

It remains to be seen if April will be the pause that refreshes or if consumers will pinch their wallets shut for a longer period, ushering in summer doldrums for...

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Fashion Shoppers’ Shift to Digital Sends Physical Retailers Packing
Fashion Shoppers’ Shift to Digital Sends Physical Retailers Packing
May 14, 2024  |  Retail

Consumers are increasingly buying clothing from third-party digital marketplaces, forcing more retailers to close shop. Most recently, Ted Baker’s North American business announced Friday (May 10) that amid...

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Shein Reportedly Rebuffed by National Retail Federation Ahead of IPO
Shein Reportedly Rebuffed by National Retail Federation Ahead of IPO
May 13, 2024  |  Retail

Shein reportedly has some work to do if it wants to court the U.S. retail industry. The fast fashion giant filed for an initial public offering...

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Allbirds: Consumers Will Pay Full Price for ‘Fresh’ Enough Products
Allbirds: Consumers Will Pay Full Price for ‘Fresh’ Enough Products
May 09, 2024  |  Earnings

Economic challenges have consumers pulling back on full-priced purchases, but Allbirds maintains that, if products are novel and relevant enough, shoppers will spring for non-discounted...

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Earnings Season Shows Consumers Using BNPL More for Clothes, Travel
Earnings Season Shows Consumers Using BNPL More for Clothes, Travel
May 08, 2024  |  BNPL

Earnings season’s not over yet — and the picture on consumer spending is mixed thus far. The payment networks and banks have noted that though...

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