Retailers are aiming to play catch-up with shoppers by moving resources from brick-and-mortar and stacking them against digital technology and abilities. In eCommerce, Adobe’s Digital Economy Index for May indicates that holiday season spending levels are occurring with a mobile commerce emphasis. And “webrooming,” the practice of consumers using websites...
The pandemic’s harsh impacts on retail continue to show themselves as brands report plummeting quarterly earnings and eye additional store closings. Inditex revealed what could be a blueprint for a novel online-offline model, while Ulta Beauty appears to be mulling the same strategy. And one retail expert says what is...
California became the first state in the country to declare a lockdown 11 weeks ago to slow the spread of the coronavirus. Now, some consumers are eager to venture out into the world, while others want to stay inside to work and shop from their homes....
A retail apocalypse could turn into a retail Armageddon, with tens of thousands of storefronts projected to close by 2020’s end, but the prediction is spurring alternate scenarios. And in payment methods, retail bankruptcies are illuminating gift cards and the “breakage income” connected with them. Businesses sold gift cards...
Direct-to-consumer (DTC) medical device company Lumen seeks to have Americans look to metabolism as an important factor in weight loss and nutrition. The company brought its app and device to market just two weeks ago. In investments, retail dispute management firm Chargeback closed a funding round to speed up growth and to help retailers...
Paris Baguette, the casual pastry and coffee chain that is known as “the Starbucks of South Korea,” is growing its North American footprint. The primary demographic for Paris Baguette is Asian neighborhoods in major U.S. cities, and the firm is now aiming for a broader audience in additional locales. Paris Baguette’s competitors...
Grocers have implemented safety measures to make sure shoppers and workers can safely interact in retail locations. An increasing number of U.S. consumers, however, are not taking the risk, as grocery orders via mobile or online platforms has rapidly increased. Meanwhile, U.S. shoppers have identified the specific conditions...
Most consumers don’t have any plans of reverting to their pre-pandemic shopping habits, even as portions of the U.S. economy continue to reopen. They are still shopping from their residences and are purchasing more online than they were prior to the start of the reopening. And...
The digital shift during the pandemic has been substantial, and new evidence indicates that the eCommerce market share could easily double by the end of this year. Even luxury retail, which has typically depended on customized in-store shopping, has tried to ride the growing digital trend. And...
