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...
Crafts retail chain Michaels is preparing to launch two different digital marketplaces to attract both creators and consumers, taking a page from Etsy’s playbook as the retailer continues to transition its business after going private six months ago. Get the Full Story Complete the form...
Fast fashion, once seen as a way for brands and consumers alike to stay on top of the latest trends, is facing a reckoning. As consumers become more environmentally conscious and secondhand apparel becomes more easily accessible while tangled supply chains are delaying product availability,...
Lowe’s Companies, Inc. on Wednesday (Oct. 13) announced the creation of a retail media service that includes a variety of omnichannel advertising services to boost brands’ positions in the home lifestyle landscape. Get the Full Story Complete the form to unlock this article and enjoy...
Kroger is expanding into the northeast market and will be adding customer fulfillment centers (CFCs) and boosting its rapid online deliveries, Chain Store Age reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
