Retail

Retail
Wish Unveils Trade-In Program as Consumers Embrace Resale
February 26, 2024

Mobile eCommerce platform Wish has launched a new trade-in program for old technology. Beginning next month, customers in certain parts of Europe can trade in devices such as smartphones, laptops and tablets in return for cash, the company announced in a Monday (Feb. 26) press release. “Wish Trade-In” is...

Retail
Joybird Uses 3D Scans as Homeware Brands Tap Immersive Tech
February 26, 2024

As homeware brands tap mixed-reality digital capabilities to build trust in their eCommerce platforms, Joybird is using 3D room scanning to build consumer confidence in its products. The La-Z-Boy-owned direct-to-consumer company announced Thursday (Feb. 22) the launch of digital design tools from product visualization platform...

Retail
Allure Bridals Offers New Stock Financing Program to Merchants
February 26, 2024

Bridal and formalwear brand Allure Bridals has debuted a finance program for retailers. The program is “a first-of-its-kind program within the bridal industry,” the Memphis-based company said in a Monday (Feb. 26) press release. It is designed to let retailers make sure they have the stock they need while...

Retail
Move Over, Midas — Brands Seek the Taylor-and-Travis Touch
February 24, 2024

America’s new “it couple” seems to be single-handedly creating an economic boom for every company they shop at, and whether the two are in it for the long haul or destined to become the next Taylor breakup album, brands are thrilled to reap the benefits...

Retail
LVMH Takes on Hollywood as Luxury Brands Step up Media Efforts
February 23, 2024

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...

Retail
Walmart’s Health Sales Rise, but Amazon Closes In
February 23, 2024

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...

Retail
Carvana Lowers Costs, Boosts Customer Satisfaction With Technology
February 22, 2024

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...

Retail
US Smartphone Sales Dip 10% as Consumers Delay Upgrades
February 21, 2024

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...

Retail
Marc Lore’s Wonder Opens in Walmart as Supermarkets Seize Restaurant Occasions
February 21, 2024

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....