The prevailing trend that has emerged from recent earnings reports is retailers’ emphasis on prioritizing core products, core customers and customer loyalty. Although not entirely new, these three elements underscore another year of “survival of the fittest.” Solo Brands, an outdoor lifestyle-focused company, is embracing...
Walmart has unveiled redesigned versions of its app and website. “The closest store to our customers is the one in their pockets, and we’re giving that digital storefront a revamp,” the world’s largest brick-and-mortar retailer said in a Monday (April 3) news release. According to the release,...
As Walmart looks to continue to lean into its grocery offerings and its core mission of helping people live better and save money, the big box retailer is also looking to leverage its membership program, Walmart+ to keep customers coming back. In its latest membership...
Authentic Brands Group has made a binding offer to purchase actions sports and lifestyle brand Boardriders. The acquisition would add the board sports brands Quiksilver, Billabong, Roxy DC Shoes, RVCA, Element, VonZipper and Honolua to Authentic’s portfolio of 40 lifestyle, entertainment and media brands, Authentic...
Sellers on fashion resale site ThredUp are reportedly fed up with long processing waits. The online consignment shop has for years offered customers Clean Out Kits, which lets them send in old clothing and accessories for ThredUp to resell. But a report Monday (April 3)...
The shift towards sustainability is evident, and consumers have made it clear that the trend is here to stay. As a result, the resale market has experienced significant growth, with third-party platforms such as thredUP, Vestiaire Collective, and Poshmark — as well as brands themselves...
This week in grocery, Kroger, Natural Grocers and Giant Eagle all step up personalization efforts. In a ShopTalk 2023 discussion, Yael Cosset, Kroger’s chief information officer and senior vice president, spoke to the company’s data efforts, per an announcement Wednesday (March 29). “Investment in data and innovation during the last two decades...
Influencer marketing platform LTK now enables brands to deliver social media advertising from content creators’ accounts. In pilot programs completed before the general launch of this new LTK Boost offering, brands saw click through results that were 80% greater than social media averages and sales...
As inflation rates continue to rise, retailers face the relentless challenge of providing consumers with more affordable price points for products they both want and need. But instead of calling a less expensive version of a brand name product a knockoff, a fake or a...
