Credit: thredUP Total global retail sales in 2020 are projected to reach $27.73 trillion, up from $24.86 trillion in 2018. It’s clear consumer spending is on the rise, but retailers now need to compete against notRead More…
To be fair to economic development efforts, the business of selling a place is more than offers of tax incentives. Still, that expensive piece of it has surfaced as a tension point in the Amazon HQ2Read More…
Dive Brief: The International Council of Shopping Centers (ICSC) last week forecast that holiday shopping will rise 4.5% to $807 billion , with $685 billion spent on gifts and other holiday items and $122 billion onRead More…
Walgreens has announced a new partnership with digital beauty subscription company Birchbox . The pharmacy chain will experiment with adapting Birchbox’s subscription concept to some of its stores, stocking shelves with more “prestige” makeup brands, dedicatingRead More…
Specialty mattress retailer Mattress Firm late last week filed voluntary Chapter 11 bankruptcy in the U.S. Bankruptcy Court in Delaware. The move was made, according to Mattress Firm, to “strengthen its balance sheet and optimize itsRead More…
The rate of turnover in the retail industry ( 13 percent ) is among the highest in the country — second only to the tech sector (software) at 13.2 percent. While the digitization of retail andRead More…
There are multiple departments within a retail organization, so which are most important? If we’re equating worth to cost — i.e., the annual salaries of employees within each department — then supply chain executives are mostRead More…
Credit: Getty Images by David Ryder Amazon.com failed to secure enough servers to handle the surge in traffic on Prime Day, causing it to launch a scaled-down backup front page and temporarily kill off all internationalRead More…
If you’re a retailer reading this article, there’s a 50 percent chance that within the next 24 months you expect to gain the ability to send precise messages to customers at exactly the right time basedRead More…
Target has been ramping up its private label strategy over the past year, launching almost a dozen new brands ranging from home goods to apparel. This week, the company added two new brands to its list:Read More…