A shaky economic landscape is no match for parents determined to discover back-to-school shopping bargains. That’s according to research released this week by commercial real estate/investment management firm JLL, showing that parents are projected to increase their spending on back-to-school items by 15.7% over last...
The story of the cautious consumer continues as Walgreens reflects on its latest quarterly earnings. On Tuesday (June 27), after the company issued a warning that its profits are projected to fall below initial expectations, the stock of Walgreens Boots Alliance plummeted. The decline was...
Germany’s Zalando is considered Europe’s largest online fashion retailer. But is it a “very large online platform”? That’s now a matter for the courts. Zalando announced Tuesday (June 27) it had filed suit in the European Union’s Court of Justice, disputing its designation under the...
A new law aims to tackle organized retail theft and the trade of counterfeit and hazardous items on digital platforms. The Integrity, Notification and Fairness in Online Retail Marketplaces for Consumers Act — or the INFORM Consumers Act — went into effect Tuesday (June 27). Under the...
If TikTok told you to rotate your skincare products biweekly, you probably started to rotate your skincare regimen. Or you know someone who did. But while the recommendation could be a solid tip, it lacks personalization. And with insane makeups on personalized skincare services, it’s...
Best Buy has officially launched its new three-tiered membership program to entice cost-conscious shoppers. Beginning Tuesday (June 27), customers can take part in one of three memberships: an existing free tier, a new, more affordable paid program priced at $49.99 per year, and a revamped...
Kering, the French luxury brand, said Monday it has acquired Creed, the high-end niche fragrance house. Prior to this acquisition, Creed was under the ownership of BlackRock Long Term Private Capital Europe and its chairman, Javier Ferrán. Creed is set to join a lineup of...
As meal kit providers look to weather the challenges of inflation, many have been forced to rethink their business models. Blue Apron CEO Linda Findley tells PYMNTS in an interview that, in the last year, the whole industry has refocused its priorities, finding ways to...
Retail platform Leap has raised $15 million to help brands better manage their retail operations. The company announced the new funding last week, saying it would help Leap enhance its platform and speed up its journey to profitability. “Now more than ever, brands want immersive retail stores to connect...
