Buy now, pay later (BNPL) gives those with spotty credit histories a second chance. Plus, digital spinoffs are becoming increasingly popular across the fashion landscape, and retailers must figure out a way to implement eye-tracking technology in a way that benefits customers. Data: 4%: Average...
Open-air and touchless shopping are becoming more popular as the COVID-19 pandemic continues its spread across the U.S. and around the world. Plus, Nike will build closer customer connections and use more innovation in its quest to capitalize on the growth in the athleisure market...
Retailers are exploring new ways to join forces, and closed stores are creating new opportunities across the retail landscape. Plus, omnichannel approaches and nonfungible tokens (NFTs) were the big winners at auction houses in 2021. Data: 5M: Amount Target paid to open new store in...
Big retailers see shoppable livestreams as another avenue to customer engagement and entertainment. Plus, consumers see furniture returns as a hassle, but businesses love them – and all the latest news from Amazon and Walmart. Data: 110: Number of Amazon fulfillment centers across the U.S....
A trio of key trends could help department stores recharge the stagnant sector. Plus, the retail industry fights against the viral spread of smash-and-grab incidents, and paycheck-to-paycheck consumers will determine the success of the holiday shopping season. Data: 21: Number of large retail executives calling...
PayPal is relying on trust, choice, ease and fast approvals to streamline the online checkout process. Plus, a dip in department store and electronics purchases in November led to a surprisingly low increase in overall retail sales. Data: 0.3%: Increase in overall retail sales from...
Peloton responds quickly to a fictional death with a viral ad for its fitness bikes. Plus, consumers still expect their deliveries to arrive on time for Christmas with 10 days to go, and Walmart is using social commerce videos to enable one-click checkout. Data: 100M:...
An IP-stealing artist finds his work pirated with MetaBirkin NFTs. Plus, consumers are making more frequent online purchases, and retailers are using everything from bulletproof glass to more online-focused selling to combat the growing crime spree. Data: 92%: Share of U.S. consumers who have completed...
Chewy strengthens its pet platform focus as it tops 20 million monthly active users. Plus, eBay is pushing StockX by bringing more sneaker sales and auctions to its site, and all the latest news from Amazon and Walmart. Data: 59%: Share of consumers who visited...
