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Adobe: Consumers Will Spend More Online in First 10 Months of 2021 than All of 2019

Retail TouchPoints

That’s 9% more than the comparable period last year and 58% more than 2019. 1, 2021, consumers will have spent more online than the $575 billion they spent in all of 2019. As a historical benchmark, from 2015 to 2019, online prices fell 3.9% In fact, Adobe forecasts that even before the holiday season begins on Nov.

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Daniel Zhang steps down from top Alibaba Group role, new leaders named

Inside Retail

The appointments will take effect on September 10. Zhang was named Alibaba CEO in 2015 before he took on the chairmanship in 2019. He founded Vision Plus Capital, a venture capital firm focused on investing in advanced technologies, enterprise services and digital healthcare in 2015.

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Nike sued over copycat sports bra design

Inside Retail

SherryWear founder Sherry Goff said she first pitched her patented ‘Pocket Bra’ design to the brand’s Nike Idea Submission platform in 2015. However, months later, Nike filed a US patent application for a “Bra With Storage Pockets” with the alleged-infringing product marketed to retailers by 2019.

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Macy’s Shakes Up Senior Leadership, Eliminates COO Role

Retail TouchPoints

She joins Macy’s from InterContinental Hotel Group (IHG) and succeeds CTO Naveen Krishna, who is leaving the company; Marla Beck, CEO and Co-founder of beauty retailer Bluemercury , which Macy’s acquired in 2015 , will leave the company this summer.

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Goop without Gwyneth: Ex-Hairhouse GM to launch online wellness platform

Inside Retail

trillion , with annual growth of 5 to 10 per cent driven by a rise in both consumer interest and purchasing power. Over the next 10 years he opened two of his own salons before moving with his wife to the UK to work with renowned hairdresser Anthony Mascolo, whose family owned the Toni & Guy salon chain and haircare brand.

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Foodle: the new food emporium capitalising on appetite for Asian cuisine

Inside Retail

According to Roy Morgan Research conducted in 2019 , three of the four most popular cuisines favoured by Australians include Chinese, Thai and Indian cuisine. million in 2015. There has also been significant growth in the number of Australians born in China, the Philippines and Sri Lanka over the last 10 years.

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Tiffany, now owned by LVMH, reopens on a Fifth Avenue in flux

Inside Retail

The new flagship is scheduled to open to shoppers on Friday, a key debut for a store that accounted for 10 per cent of Tiffany’s global sales before it closed for renovation in 2019. million international visitors in 2019, according to the New York City Tourism and Conventions bureau. in the first quarter of 2019 to 3.8%

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