Amid financial uncertainties, U.S. consumers are becoming more discerning in what nice-to-have retail products they are willing to indulge in, shifting their purchasing away from major retailers toward smaller brands, with clothing and accessories companies benefitting from this trend. Per a recent Reuters report, data...
As inflation continues to erode purchasing power, financially unstable consumers, squeezed by higher prices on everything from groceries to gasoline, are increasingly turning to discount and value-focused retailers. This trade-down behavior is providing a boost to companies such as Dollar General, Dollar Tree and The...
Fashion retailer Michael Kors adopted Mastercard’s artificial intelligence-powered shopping assistant. The retailer is the first to make Shopping Muse available to its customers via an integration with its U.S. website, the companies said in a news release Monday (June 10). “With summer adventures and wedding...
Don’t write any obituaries for the American shopping center just yet. As The New York Times (NYT) reported Sunday (June 9), retail landlords are now finding themselves with soaring demand for spaces. As construction declined and underperforming stores vacated, landlords began signing up tenants that...
It looks like there’s a generational paradigm shift in a key hosiery category — on platforms such as TikTok, viral videos depict a lighthearted sock war between millennials and Generation Z. In an interview with PYMNTS, Mona Goshin, senior vice president of merchandising and product...
As clothing brands and retailers continue to struggle with the costly problem of returns, many are turning to artificial intelligence to help consumers buy products they will actually want when they arrive. True Fit, a player in the realm of size and fit personalization, announced...
Walmart has begun rolling out digital shelf labels (DSLs) in its stores. Following a test at the retailer’s location in Grapevine, Texas, the technology will be expanded to 2,300 stores by 2026, Walmart said in a Thursday (June 6) blog post. The DSLs, developed by...
As Amazon and Walmart compete for retail dominance, the two industry giants are implementing generative artificial intelligence across the supply chain to cut costs and boost profits. Amazon shared in a Monday (June 3) blog post how it is using AI at select sites to...
As brands reckon with the reemergence of brick-and-mortar as a key priority for consumers, Rent the Runway said an eCommerce-only approach will no longer cut it in the fashion world. The clothing subscription service asserted on a call with analysts Thursday (June 6) discussing its...
