Private label brands are gaining global popularity, with over half of shoppers buying more store-brand products due to improved quality and better value. Retailers benefit from...
Price variability occurs while demand fluctuates, with companies sticking to their policies. Given this foreignness, purchasers or sellers looking for something specific in the pricing criteria...
The loss of the UK’s VAT Retail Export Scheme following Brexit has considerably depressed overseas tourist sales. People have also been shopping in alternative tax-free shopping...
More than 7300 stores in the US have recorded closure in 2024, which is a 57 percent increase from the previous year-closing in 2023 as a...
Bitcoin’s record-breaking surge has caught the attention of luxury brands eager to engage younger, tech-savvy customers through cryptocurrency payments. Brands like Gucci and Louis Vuitton are...
Geolocation simplifies holiday shopping with features like BOPIS, curbside pickups, and real-time delivery tracking. It enhances in-store experiences by offering navigation, personalised promotions, and optimised staff...
Small Business Saturday is gaining momentum as consumers embrace conscious consumerism, sustainability, and a preference for unique, locally sourced products. Shoppers are gravitating towards small businesses...
CEOs in retail and consumer products are experiencing shorter tenures due to market developments, shifting consumer preferences, and fierce competition. Frequent leadership transitions are driven by...
Macy’s plans to close 150 stores by 2027, shifting focus to smaller formats and digital strategies. Shopping malls are pivoting towards experiential retail, integrating activities and...
Item-level data provides detailed insights into individual transactions, enhancing personalization and operational efficiency for retailers. Retailers use item-level data to optimize inventory management, tailor marketing efforts,...