This year’s Cyber Monday spending is projected to top $12 billion as consumers seek deals. That spending amount — a record — marks a 9.7% increase over last year, Reuters reported Tuesday (Nov. 28), citing data from Adobe Digital Insights. A third of that spending...
Whether a retailer rang up a sales symphony or lagged behind this quarter, they all evaluated a common make-or-break factor: the significance of delivering value to the customer. And if that value didn’t strike a chord with the customer, they weren’t window shopping — they...
After recently disclosing another quarter of unsatisfactory earnings, footwear and fashion firm Allbirds is betting on a new partnership with Amazon to boost its likeability and relevancy with consumers. During a recent conference call with analysts, Allbirds acknowledged its ongoing efforts to rectify the fallout...
British grocery giant Tesco is trying out a new, more frictionless type of self-service kiosk, as grocers around the world are trying new ways to save on cashier labor and boost store efficiency. The United Kingdom grocer announced Thursday (Nov. 23) that it is adding...
Despite the price hikes that threatened the Black Friday spirit, 2023 saw shoppers rising to the occasion with a 10% surge in participation compared to 2020. But who were the true “price-fighters” behind this boost? Try good old advertisements, influencers and retail media. In fact,...
Earlier this year, the baby retailer buybuy BABY closed and liquidated 115 locations due to the bankruptcy of its parent company, Bed Bath & Beyond. Nevertheless, under new ownership, the once-troubled brand is staging a comeback. Today, buybuy BABY is reemerging with 11 stores, a revamped...
All around America, the “zombie mall” phenomenon is taking hold. As The Wall Street Journal described in a report Sunday (Nov. 26), hundreds of these malls now dot the U.S., with more stores closed than open. Older, lower-end shopping centers have lost at least half and,...
Americans reportedly spent a record $9.8 billion online during this year’s Black Friday. That jump in sales — 7.5% over last year — marks a good sign for retailers worried about a slowdown in holiday shopping, Bloomberg News reported Sunday (Nov. 26), citing Adobe Analytics...
Millennials are having a tough time making ends meet. Enduring the economic recession that trailed the 2008 crash was like navigating a rocky sea for millennials. They weathered the storms of job insecurity and low wages, only to be hit by the tidal wave of consequences...
