Department: Consumer Durables

  1. Department: Consumer Durables

Are LLMs About To Hit A Wall?

Each new generation of large language model consumes a staggering amount of resources.  Meta, for instance, trained its new Llama 3 models with about 10 times more data and 100 times more compute than Llama 2. Amid a chip shortage, it used two 24,000 GPU clusters, with each chip running around the price of a […]
5 min read
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  1. Department: Consumer Durables

Grocerant Guru’s Full-Flavored Forecast: 2024’s Flavorful Trends

  Get ready to tantalize your taste buds with a peek at what’s hot in the culinary world! Once again Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® and his team,  are seeing some new signals of our ever-evolving consumer focused adoption of fresh food with functionality; including botanical infusions, and even a […]
3 min read
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  1. Department: Consumer Durables

How Bark is Creating Products and Experiences that Pups (and Pup Parents) Love

Americans spent $136.8 billion on their pets in 2022, up from $123.6 billion in 2021, according to the American Pet Products Association. Half of these pet-owning households are run by millennials and Gen Zers, who don’t just look at their pets as “furry friends” but as their children. Bark is one company that is laser-focused […]
5 min read
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  1. Department: Consumer Durables

Rebag, Newegg Join Growing List of Retailers Launching Membership Programs

Membership programs are quickly becoming 2024’s hottest accessory, whether you’re a luxury resale platform or an electronics ecommerce site. Online marketplaces Rebag and Newegg have joined the growing roster of retailers launching membership programs. This year alone, the list of retailers that have launched or beefed up their loyalty and membership programs includes Albertsons, Carter’s, PetSmart, Target, Sunglass […]
2 min read
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  1. Department: Consumer Durables

Making AI Really Work for Retail

Like every industry, retail is experiencing an artificial intelligence boom — and like other industries that operate with such small profit margins, any competitive edge is not only welcome but necessary to survive. AI offers benefits in five key areas for retailers: personalization, visual search, virtual reality (VR) and augmented reality (AR), predictive analytics, and […]
4 min read
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  1. Department: Consumer Durables

Target’s April 2024 Circle Sale was its largest by sales lift

Track General Merchandise spending free Access chart in Dash. Target’s April Circle Sale generated 7% more sales than the weekly average in the previous 4 weeks according to Earnest credit card data. This represents a 2 point acceleration in the Circle Sale’s contribution to Target’s topline compared to Target’s October sale. Target Circle is a […]
< 1 min read
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  1. Department: Consumer Durables

Marketers Spend on New Technologies While Battling Usage and Impact Challenges

The 32nd edition of The CMO Survey examines reoccurring questions related to marketing spending and performance, marketing leadership, and marketing jobs. In addition, managing marketing technology, generative AI, growth, and sustainability are special topics covered in this edition. Here are top takeaways, based on a sample of 292 marketing leaders at for-profit U.S. companies, 94% […]
4 min read
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  1. Department: Consumer Durables

TikTok Shop customers spend more at lower ticket apparel retailers

Download full TikTok Shop report Access TikTok and Panel data in Dash. TikTok Shop customers spent 26% of their apparel wallet on Off-Price Department Stores and 11% on Fast Fashion in the 12-months ended February 2024, compared to 24% and 7% for the average shopper. Conversely, TikTok Shop users spent less than their peers at […]
< 1 min read
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  1. Department: Consumer Durables

UK-Based JD Sports to Acquire Rival Hibbett in $1.08B Deal

JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, reports Reuters. JD Sports will pay $87.50 per Hibbett share in cash, representing a premium of about 20 percent to the U.S. firm’s last closing price. The combined company would have a global portfolio of about 25 brands […]
2 min read
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  1. Department: Consumer Durables

Levi’s Boosts Awareness in a Big Way with Giant-Sized 501 Jeans

There’s size XL, XXL and even XXXL, but there aren’t enough “X’s” for these Levi Strauss & Co. 501 Jeans that measure 12 feet tall — nearly 5X larger than the average pair. The oversized denim will be on display in five malls around the country through May 20, and members of Levi’s Red Tab […]
2 min read
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  1. Department: Consumer Durables

US FTC files lawsuit to block Tapestry-Capri’s $8.5bn merger

​[[“value”:”The FTC has taken legal action to prevent Tapestry’s proposed $8.5bn acquisition of luxury fashion company Capri. The post US FTC files lawsuit to block Tapestry-Capri’s $8.5bn merger appeared first on Retail Insight Network. “]] 
< 1 min read
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  1. Department: Consumer Durables

Retail data brand Reapp adds Waitrose & Partners to list of major UK retailers available on its AI driven platform

Reapp has added Waitrose & Partners to the list of major UK retailers available on its AI driven platform, Reapp Insights. This helps brands and retailers understand what products are selling, where and when. Through the use of artificial intelligence, it utilises factors such as temperature and trends to help inform decisions at shelf-edge.  The […]
2 min read
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  1. Department: Consumer Durables

FTC Looks to Block Tapestry’s $8.5 Billion Acquisition of Capri Holdings

Saying that Tapestry’s planned purchase of Capri Holdings would eliminate head-to-head competition in the “accessible luxury” handbag market, the Federal Trade Commission (FTC) has authorized a lawsuit to block the $8.5 billion deal. The acquisition plan, announced in August 2023, would bring together some of the most iconic names in luxury, uniting Tapestry’s Coach, Stuart […]
2 min read
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  1. Department: Consumer Durables

Including Wonder, mmERCH, and Pandion: ten retail technology funding rounds you need to know about

RTIH rounds up ten retail systems ventures who have recently secured significant investments in their businesses, including blockchain enabled Web3 fashion startups, customer journey management platforms, and computer vision and AI powered warehouse inventory monitoring solutions. 1. TheyDo Customer journey management platform, TheyDo, has secured an additional $34 million in a Series A+ funding round. […]
7 min read
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  1. Department: Consumer Durables

Meijer plans to open two supercenters in Ohio, one in Michigan

GRAND RAPIDS, Mich. — Meijer will open two new 159,000-square-foot supercenters, in Alliance and North Canton, Ohio, on May 14, increasing the retailer’s store count to 55 in the state. Meijer previously announced plans to open a 159,000-square-foot supercenter in Hillsdale, Mich. That store is also scheduled to open on May 14. The Ohio supercenters […]
3 min read
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  1. Department: Consumer Durables

JLL Rolls Out Virtual ‘Shopping Bestie’ in 13 Centers

JLL Retail Property Management has introduced a new virtual shopper agent named Cindy, designed to make the online experience more relevant and engaging at 13 of its shopping centers across the U.S. In addition to spotlighting the center’s sales and deals, Cindy gives consumers details on the latest fashion trends, acting as their exclusive “shopping […]
2 min read
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  1. Department: Consumer Durables

Love.com’s CMO on Tapping Into the Conscious Shopping Trend

In episode 449 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews John Agnew, chief marketing officer at Love.com, an online marketplace focused on sustainable, healthy products and charitable giving. Listen in as Agnew provides an overview of the company (0:55), discusses the conscious shopping trend (1:40), the consumer behaviors Love.com is trying to tap into […]
< 1 min read
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  1. Department: Consumer Durables

Wrangler, M&S, Anthropologie and More Mark Earth Day with New Sustainability Initiatives

Brands have been touting their green credentials and launching new initiatives all month in the leadup to Earth Day, and those efforts have peaked now that that April 22 has arrived. Among the brands that saved their announcements for the day itself are Kering, Marks & Spencer, Wrangler, Asics and Anthropologie, all of which showcased […]
6 min read
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  1. Department: Consumer Durables

Visit Drug Channels in Booth #1801 at #Asembia24 for a Special “Ask Me Anything With Adam” (#AMAWA)

Next week, the Drug Channels Institute team will be attending Asembia’s AXS24 Summit at the wonderful Wynn Las Vegas. And for the first time—thanks to our new friends at HMP Global—DCI will have its very own booth! (Click here for a special sneak peek.) As you might expect, we will hit Vegas in true Drug […]
3 min read
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  1. Department: Consumer Durables

TikTok Shop customers skew young, but not just Gen Z

Download full TikTok Shop report Access chart in Dash. TikTok Shop could be part of brands’ strategy to get younger shoppers spending on apparel and accessories, a spending segment in which they lag other cohorts. Gen Z adults between 18 to 24 are 3.2x as likely to spend at TikTok Shop than the average shopper, eclipsing […]
< 1 min read
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  1. Department: Consumer Durables

Target’s April 2024 Circle Sale was its largest by sales lift

Track General Merchandise spending free Access chart in Dash. Target’s April Circle Sale generated 7% more sales than the weekly average in the previous 4 weeks according to Earnest credit card data. This represents a 2 point acceleration in the Circle Sale’s contribution to Target’s topline compared to Target’s October sale. Target Circle is a […]
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  1. Department: Consumer Durables

TikTok Shop customers spend more at lower ticket apparel retailers

Download full TikTok Shop report Access TikTok and Panel data in Dash. TikTok Shop customers spent 26% of their apparel wallet on Off-Price Department Stores and 11% on Fast Fashion in the 12-months ended February 2024, compared to 24% and 7% for the average shopper. Conversely, TikTok Shop users spent less than their peers at […]
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