New browser technology is looking to solve the growing abandoned cart problem. Plus, all the latest news from Amazon and Walmart, and why Black Friday could be making a permanent shift to a digital-focused event. Data: 8.8%; 8.5%: Share of consumer retail spending in Q3...
Gap stores are weathering the supply chain snafus with a multi-brand approach to retail. Plus, retailers are pinning their 2021 holiday hopes on financially healthy consumers, and advancements in digital retail are redefining the sector’s “normal.” Data: 20%: Share of consumers who plan to spend...
Best Buy is increasing its focus on health technology and virtual stores. Plus, Walmart struggles to get customers to sign up for paid loyalty program membership, and Tiffany sees unprecedented interest in its Supreme silver heart necklace. Data: 129M: Number of U.S. consumers with access...
Retailers are relying more heavily on the metaverse to make sales and are using artificial intelligence to boost shoppers’ confidence in secondhand markets. Plus, small businesses need to use digital technology to win customers this holiday season. Data: $3T: Size of the retail counterfeit industry....
Facebook Groups’ shopping upgrade makes social commerce even more social. Plus, all the latest news from Amazon and Walmart, and blending digital and physical experiences will trigger a revolution in luxury retail. Data: 6.2%: Annual inflation rate as of October 2021, the highest since November...
Home Depot and Lowe’s earnings reports show that home spending is continuing unabated. Plus, retailers move streaming commerce off of social media, and Macy’s becomes the latest retailer to focus on creating a digital marketplace. Data: $10B: Projected annual sales for Macy’s digital business by...
CITYROW is among the fitness platforms working to ensure that the home fitness trend becomes a permanent fixture, even when the COVID-19 pandemic ends. Plus, visual search is helping merchants snag new sales opportunities, and Target has seen a 400% increase in BOPIS and other...
Refurbished items could save the day for some holiday shoppers. Plus, merchants have to look beyond the checkout to improve online sales setup, and Walmart has increased its inventory and added hundreds of thousands of new workers as it prepares for the holiday shopping season....
The direct-to-consumer model is fueling the future of digital sales. Plus, buy now, pay later providers envision themselves as tech-fueled digital banks, and Rue Gilt says today’s customers are underserved by discount retail options. Data: 80%; 40%: Share of Rue Gilt’s one million active buyers...
