LVMH is making its way to Tinseltown, establishing a foothold in film and television to drive brand visibility and relevance. The luxury giant, owner of Louis Vuitton, Moët Hennessy, Tiffany & Co., Christian Dior and many others, shared plans for its new venture, 22 Montaigne...
As Walmart and Amazon compete for consumers’ health and personal care spending, Walmart is seeing growth — but maybe not enough to hold its lead as Amazon rapidly gains share in the category. Walmart shared in an investor presentation accompanying its fourth-quarter fiscal 2024 earnings...
Technological solutions are driving cost reductions and higher customer satisfaction at Carvana. The used car retailer has seen results from its latest innovations and is continuing to develop new ones, Carvana executives said Thursday (Feb. 22) during the company’s quarterly earnings call. For example, when sourcing...
According to data from Counterpoint Research, U.S. consumer demand for smartphones fell 10% in January. Budget-constrained consumers are waiting longer to upgrade their mobile devices, and U.S. smartphone sales last month were nearly half of the record levels during the same period in 2017, the research...
Wonder is opening a store-in-store within a Walmart, a move that comes as grocery retailers increasingly seek out opportunities to capture more of consumers’ mealtime spending. The omnichannel food hall company, founded by Jet.com Co-founder Marc Lore, stated in an email that on Wednesday (Feb....
While direct-to-consumer brands may generally find that less is more when it comes to consumers’ checkout experiences, Sonos has found that for the high-consideration items it sells, adding more steps to the process can help consumers feel more confident in their purchases. Sean Knotts, director...
Stellantis, the parent company of Jeep, is reportedly taking a unique approach to the electric vehicle (EV) market in the United States. CEO Carlos Tavares told reporters Tuesday (Feb. 20) that small cars are not the way to win over American consumers, who tend to love trucks, Bloomberg reported Tuesday....
As retailers look to drive omnichannel engagement to boost customers’ spending, Home Depot is linking the online shopping experience to its physical stores, catering to high-value Click-and-Mortar™ shoppers. The home improvement retail giant, which has more than 2,300 locations across North America, shared on a...
The pop-up shop may not be the novel trend it once was, but brands are still using the buzz-generating model to create real-world connections with customers without the cost and commitment of opening longer-term stores. One of the ways brands are looking to create these...
