Nike’s lawsuit against Mirror shows how big the connected fitness sector has become, and consumers want buy now, pay later (BNPL) so retailers need to offer it. Plus, Walgreens focuses on expanding its health unit as it works to sell Boots division. Data 100: Number...
Retailers enact cross-border strategies to attract customers from around the world, and retailers are spending big bucks on inventory IT. Plus, Walmart is boosting its in-fridge delivery goal to 30 million households amid questionable demand. Data 30M: Walmart’s household goal for in-fridge delivery 5,000: Number...
Clothing and cryptocurrency are just two ways celebrities are growing their brands. Plus, retail is embracing automation as merchants push for omnichannel brands, and the sports memorabilia business is waiting to see how Fanatics’ reported $500 million acquisition of Topps will change the industry. Data...
Today in Data, three trends could shape retail innovation in 2022. Plus, the retail sector will deal with familiar challenges in the new year, and we can expect more small businesses to go digital this year. Data 33%: Share of U.S. consumers who made online...
Retailers must make the DIY checkout experience easier to use if they expect customers to embrace it. Plus, all the latest news from Amazon and Walmart. Data 30%: Potential holiday retail return rates $15: Hourly minimum wage for workers in more than half of...
Omnichannel retail remains more of a vision for the future than a reality for today. Plus, why retail’s consumer experience is and always will be a two-way street and Crocs’ acquisition of Hey Dude brings innovation to the shoe market. Data $2.5B: Amount Crocs...
Social commerce is full of potential, but there are plenty of pitfalls too if you aren’t careful. Plus, holiday gift returns bust retail budgets, and the bring-it-to-me economy is changing the way retailers conduct business. Data $200B: Amount of retail returns expected in the U.S....
Nonfungible tokens (NFTs) are becoming big business as impulse buys for some shoppers, and Forever 21 is diving deeper into the metaverse. Plus, online sales were a bigger part of buying holiday gifts this year, and will be more important for returns too. Data: 8.5%:...
Ikea is one of a number of retailers taking a little and local approach to brick-and-mortar sales. Plus, retailers must take note of the changing needs and desires of consumers. Data: 17B: Increase in credit card debt in Q3 of 2021 57%: Share of Americans...
