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Supporting these expectations is the fact that more than 2,000 planned closures already are underway this year. store closures totaled 7,325 , the highest number since 2020, when Coresight tracked almost 10,000 closures. Coresight reports that major U.S. retailers have announced 29.6% fewer openings and 334.3% In 2024, U.S.
But the merchant was suffering from a bit of an image problem that made it seem fusty and old-fashioned, a situation that led to a companywide turnaround plan initiated in 2020. In the words of Paula Mitchell, Digital General Manager, We wanted consumers to think of Freedom not as your mums brand but as your best friends brand.
As part of Loblaws plans to invest $2.2 The retailer had opened three no name stores in Ontario in 2024 , promising consumers steep discounts. billion (Canadian) this year, the supermarket retailer will open 80 new stores under a variety of banners, with approximately 50 of these stores being hard discount locations.
When brands like Target and Amazon announced they would deprioritize company DEI efforts, social media erupted with boycott threats and planned blackouts. Conversely, companies like Costco doubled down on DEI efforts , and social media feeds became filled with consumers signing up for memberships. While 73% of U.S.
Exclusive: Google Debuts New Retail Media Solution with Lowes as First Beta Tester (March 18, 2024) Retail media was THE growth story in 2024, fueled by these networks ability to target consumers at key decision points in the shopper journey. consumers wallet. Walgreens Agrees to $192.5M
The country has a well-established retail ecosystem with high-traffic shopping malls, premium retail spaces and a digitally engaged consumer base. The acquisition of Royal Sporting House in 2020 provided a strong retail foundation across North Africa, Southeast Asia and Hong Kong. We distinguish ourselves by focusing on well-being.
Marquee bought the brand from Gordon Brothers , which acquired Laura Ashley out of bankruptcy in 2020. Laura Ashley now joins Marquees slate of consumer brands, which includes Martha Stewart , Sur La Table , BCBG , Destination Maternity and Dakine. Financial details of the transaction were not disclosed.
When Becca Millstein and Caroline Goldfarb launched tinned fish brand Fishwife back in December 2020, few could have predicted how the consumer packaged goods brand would blow up. I wanted to create something that combined high-quality, sustainably sourced seafood with fun, vibrant branding that would appeal to consumers here.
In the same report, Lacik stated, “We are transforming the perception of Pandora into a full jewelry brand and unlocking the next chapter of our growth by attracting more consumers to our brand. In 2020, the brand announced its goal to only use recycled metals by 2025, a mission achieved sooner than expected in December 2023.
The holiday shopping frenzy is officially in full swing now that Thanksgiving weekend has ushered in Cyber Week dealmaking, and brands are pulling out all the stops to capture consumer attention during the most lucrative retail season of the year.
The app’s initial rollout covers major cities like New Delhi and Mumbai, with plans for nationwide expansion. Underlying impacts The partnership between Reliance Retail and Shein represents a significant shift in India’s fashion landscape, with several key implications for both businesses and consumers.
Amazon opened its first rural delivery station in 2020 and began scaling up its network in 2023 with improvements that have helped increase delivery speeds by 50% on average, according to an Amazon blog post by Udit Madan, SVP of Amazon Worldwide Operations. million square miles an area the size of Alaska, California and Texas combined.
sales since the pandemic in 2020 , with same-store sales (sales at stores open for at least a year) reporting a 3.6% Then, consumers started to tighten their budgets and eat out less as worries about actual and prospective price increases on necessities like groceries increased.
The brand has no plans to stop there. But what is behind the US consumers love for this Brazilian brand? The brand opened its first US store in 2019 with a flagship at 113 Prince Street in Manhattans SoHo district, right before retailers and consumers lives changed drastically.
The new service will launch at 100 stores in these markets, with the flights managed by Wing , a Google subsidiary; consumers can visit wing.com/walmart to be notified when drone delivery officially becomes available in their area. The latter also announced plans to expand its drone delivery operation in the U.S.
Around 2019, my design team and I started to look around to see if there were any opportunities to create our own consumer brand,” he said. E-commerce was booming in China at the time, and the team experimented with several small brands at lower price points that were aimed at consumers surfing sites like Taobao.
Davis-Urman was previously the director of special projects at Saks Fifth Avenue but she left to start Barrière in 2020. The brand’s first stock-keeping unit was several styles of aesthetically designed face masks, the accessory of the year for 2020 to 2022. Her co-founder Alexa Adams also left a career in corporate fashion.
This expansion aligns with the broader trend of Korean beauty brands gaining traction in international markets, particularly in the US, where consumers are increasingly drawn to innovative Korean skincare and cosmetic products. The company also plans to open its first physical store in the US, further enhancing its omnichannel strategy.
Founded in 2020 by entrepreneur Joyce Zhang, Halara is illustrious for its viral products, namely, its coveted flex denim, active dresses and subsequent belt buckle skirt famously worn by Taylor Swift at Coachella last year. What’s next Pop-up events are next on Halaras trajectory, conducive to a plan to enhance its offline presence.
However, due to factors like the rise of e-commerce, the increased availability of cheaper, “dupe” denim brands and an outdated aesthetic at a time when athleisure reigned supreme, True Religion fell off the retail grid and filed Chapter 11 bankruptcy not once but twice in 2017 and 2020. They’re not paying full price.
Inside Retail connected with the driven brand founder to learn more about what drives her passion for accessible luxury beauty brands and the secret to connecting with Gen Z and millennial consumers. Are you planning to focus on those five brands for the time being, or are you already working on something else?
The global retail industry was transformed overnight as stores were forced to close or severely limit in-person shopping, supply chains were disrupted and consumers faced unprecedented levels of fear and uncertainty. trillion in 2020, according to Digital Commerce 360 estimates, a 24 per cent increase. trillion in 2019 to nearly US$4.29
Since launching in January 2020, Viv for your V has steadily built its direct-to-consumer (DTC) and e-commerce presence via retailers like Amazon and TikTok Shop. Katie Diasti: While I was shopping for my own period products, I felt that none of the sterile products in the aisle spoke to me as a consumer.
But with promotions being offered across millions of products, it can also be a challenge to capture consumers’ attention. The Right Brand at the Right Moment (with the Right Strategy) Founded in 2012 and acquired by Unilever in 2020, Liquid I.V. Prime Day Planning Begins 6 Months in Advance Liquid I.V. At Liquid I.V.,
The footwear companys Consumer, Product and Brand leadership, formerly under the direction of President Heidi ONeill, will now be divided into three distinct areas: Consumer and Sport, Marketing, and Product Creation, inclusive of Innovation and Design.
With 37% of shoppers planning to cut non-essential spending into summer and holiday, private label brands and secondhand options are seeing major momentum. In keeping with that thought, Elden’s firm has compiled the following three trends retailers should focus on in the second half of the year: Price continues to be paramount.
UK-based skincare brand The Ordinary’s AHA 30% + BHA 2% Peeling Solution went viral on TikTok in late 2020, leading to stock shortages across multiple markets and a sustained lift in sales through 2021. This wasn’t a planned media buy – it was organic, user-driven buzz amplified by algorithmic force. The retailer’s response?
Already, timelines are collapsing – people are just as nostalgic for 2020 as for 1980. He has worked in New York, London and Tokyo in fields ranging from trendhunting to planning and data. The best examples elevate what came before, pass the test for longtime fans and earn the attention of a new audience.
Before he stepped away from the company in 2020, Hill had spent over 31 years at Nike, working his way up the corporate ladder from an apparel sales representative intern to president of consumer and marketplace. As Global Data MD Neil Saunders told Inside Retail , “Nike has problems on several fronts.”
Also helpful was the 2020 bankruptcy of Stage Stores , which owned an unrelated Texas-based off-price chain also called Bealls. Creating Modern Moments of Consumer Connection And as consumer behavior evolves, Bealls has leaned into data-driven innovation and guest engagement to continue to connect with its customers.
James Taylor explains the business’ growth – which reported a 28% surge in pre-tax profit to 6.48m last year against sales of 51.9m – has come mostly through acquisitions, with Cardzone acquiring the outlet business to most of its sister brands gradually over the years including Yankee Candle’s outlet business in 2020.
A recent consumer survey by experience agency ChangeUp identified what customers see as the key benefits of in-store shopping: 66% of shoppers feel more in control of their purchases in-store; 51% believe they get better-quality items; and 43% find in-store shopping enjoyable, highlighting the tactile and visual elements of the experience.
Stores that consumers can visit and browse could boost sales and increase customer engagement if done right. In addition to smart glasses and VR sets, the company does plan to introduce several more devices, and physical stores could help bring these new products to consumers, allowing them to try them before buying.
He brings extensive experience in building global retail brands and a deep understanding of the Indian consumer market, Retail Week reported. Current MD of itsclothing & home arm Richard Price, whos been in the position since 2020, will be stepping down after a handover period at the end of April.
in November and December, under a wider trend of lower consumer confidence. Tax-free shopping was scrapped at the end of 2020, as part of the government’s Brexit plans. It argued the policy environment needed to evolve quickly to support business stability and growth. Domestic spend dropped 2.2%
The company’s portfolio will be even larger by the end of this year, when, if things go according to plan, there will be four more home improvement stores, 10 more supermarkets and food halls, and four more Go Wholesale warehouses in Thailand, plus two more Go! hypermarkets and three more Mini Go! After tax profit was up strongly to 2.5
The retailer also plans to upgrade its existing conversational AI for associates in the coming months. Early results have led to a reduction in the time store managers spend planning shifts for overnight stocking, and the retailer is piloting the tool for shifts other than stocking as well. By Retail Dive Staff • Jan. Target Corp.
Additionally, GoTo stated it does not have any major corporate action plans in the next 12 months beyond share buybacks. If they can cut costs and make services more efficient, consumers might see better service quality. In Southeast Asia, Bolt launched operations in Thailand in 2020, focusing on Bangkok, Phuket, and Chiang Mai.
Then, it expanded its apparel offering and direct-to-consumer presence in an effort to drive growth. He left Designworks to take up the CEO role at Seafolly in May 2020, and Slocombe and Coates followed him across in 2022 and 2023, respectively. “We But now, it appears to be returning to its roots.
A significant factor for this slight decline was an increase in respondents reporting excess inventories, highlighting the delicate balance between supply chain management and consumer demand. Owners planning to raise wages in the coming months may need to consider how this will impact their overall budgets.
The company said it plans to inject 10m into reviving the Comet brand and will relaunch its website in the fourth quarter. It said the deal will position OnBuy as a serious challenger to long-established players within the UKs consumer electronics space, including Amazon and Currys.
Tariffs, funding cuts, consumer spending, and overall economic pessimism are putting intense pressure on companies’ workforces,” said Andrew Challenger, senior vice president of Challenger, Gray & Christmas. This represents the highest figure since 34,229 jobs disappeared in May 2020. As of May 2025, U.S.
A seasoned executive with more than 20 years of experience across retail, consumer goods and private equity-backed businesses, Goldman joins the company “at a pivotal moment as it accelerates execution of its strategic vision, aiming to scale its audience and reach across channels,” the company said in a news release.
The plan was to plug Ginger & Smart into Alceon’s online “infrastructure” through EziBuy and SurfStitch. A similar relaunch plan was devised for Pumpkin Patch , but it never materialised as described. million in June 2019. It was perhaps the first sign that Alceon’s approach, while logical on paper, was not delivering in practice.
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