Department: Consumer Durables Best Buy debuts Apple Vision Pro app Best Buy Envision uses AR to help customers preview 3D models of TVs, appliances, furniture and other products prior to purchase. RetailDive April 20, 2024April 20, 2024 < 1 min read Best BuyDept. AppliancesDept. Nonfood 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Lululemon to shutter Washington distribution center, lay off 128 employees after tripling warehouse footprint Lululemon is shutting down its Washington distribution center and laying off 128 employees after it opened a massive new warehouse outside of Los Angeles. CNBC April 19, 2024April 19, 2024 < 1 min read Operations & Supply ChainDept. ApparelAssociates 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Athleisure is top dog in the teen closet: Here’s what the numbers say While the cohort’s spending is down, clothing remains a popular purchase. MarketingDive April 19, 2024April 19, 2024 < 1 min read Dept. PetDept. Apparel 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Hasbro’s Wizards of the Coast president resigns Cynthia Williams, who has been in the position for two years, will exit the company on April 26. RetailDive April 19, 2024April 19, 2024 < 1 min read Dept. Toys & Games 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables The Weekly Closeout: Peloton drops free membership as Asos revenue falls over 18% The struggling home exercise brand quietly removed the free option, while the fast-fashion retailer saw sales plunge in the first half of the year. RetailDive April 19, 2024April 19, 2024 < 1 min read Health & WellnessDept. Apparel 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Kizik opens first pop-up store in NYC as part of brick-and-mortar push The hands-free footwear brand is expanding its physical presence, with plans to land in 500 wholesale doors and open six stores by the end of the year. RetailDive April 19, 2024April 19, 2024 < 1 min read Pop UpsDept. ApparelBrick and Mortar 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Netflix Makes Major Changes to Its Plans Streaming company Netflix is changing up its approach. The company, known for its subscription model without ads, is now diving into live sports, video games, and ad-supported content. RetailWire April 19, 2024April 19, 2024 < 1 min read StreamingMarketing: Digital MediaDept. Toys & GamesDept. Nonfood 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Streamlining Fulfilment Through Enhanced Supply Chain Efficiency Supply chains are at the beating heart of businesses in delivering products to the end customer. In retail organizations, efficient supply chains can have a transformative impact on operations. To improve efficiency, retailers need to have full visibility of their inventory, and this is where RFID can play a leading role. A Lack of Automation […] TotalRetail April 18, 2024April 24, 2024 3 min read Operations & Supply ChainShoppersOmnichannelDept. ApparelCustomer ExperiencePredictions and ForecastsStrategyData & InsightsCompetitionBOPISStore LocationDeliveryMarketing: In StoreConsultingMarketing: Loyalty & SubscriptionConsumersTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Adidas Raises Guidance After Q1 Profit Hike, Shares Jump 8% Shares of Adidas jumped 8.2 percent on Wednesday after the company unexpectedly raised its full-year guidance and reported a year-on-year profit increase in the first quarter, reports CNBC. The German sportswear company said that it now expects currency-neutral revenues to increase at a mid-to high-single-digit rate in full-year 2024, compared with a previous projection of […] TotalRetail April 18, 2024April 24, 2024 < 1 min read Dept. ApparelOperations & Supply ChainCOVID19Predictions and ForecastsExecutivesPartnershipsHoliday & Events 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Michaels lowers prices on thousands of items IRVING, Texas — The arts & crafts specialty retailer Michaels has announced lower prices on over 5,000 items, offering its customers the opportunity to save on the products they buy most, the company said on Thursday. Lower prices are now in effect across such categories as home décor, art supplies, seasonal items, kids’ projects, wall […] MMR April 18, 2024April 18, 2024 2 min read ShoppersData & InsightsMerchandisingMarketing: In StorePricing & PromotionsMarketing: Direct & PersonalizationInternational - North AmericaExecutivesDept. ApparelBrick and Mortar 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Just Released: Q1 Home Furnishing Benchmark Exciting news – our Q1 Home Furnishing Benchmark Report is now available! In this week’s newsletter, we’ll dive into the latest trends and insights from the furniture and mattress industry’s performance at the beginning of the year. Join us as we uncover what these trends signify for the months ahead and how they might shape […] Trakwell.ai (formerly Doorcounts) April 18, 2024April 18, 2024 2 min read Data & InsightsTechnology & InnovationAIPredictions and ForecastsShoppersDept. ApparelMars Inc.BNPLThick DataTrends: FinanceBrick and MortarConsumersMarketing: TradeRecommerceTech: IoTPepsiCoTrends: Retail 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Influencer-Inspired Resale Site Detoure Opens First Store in LA Image courtesy Detoure Detoure, a resale marketplace that curates styles from influencers, will open its first permanent brick-and-mortar thrift store April 20 on Los Angeles’ Melrose Avenue. Over the past three years the site has hosted more than 50 pop-ups across the U.S. that regularly go viral on social media. Launched in 2021, Detoure sources secondhand […] Retail TouchPoints April 18, 2024April 18, 2024 < 1 min read Marketing: Social MediaMeta (Facebook)ESG and CSRShoppersPredictions and ForecastsConsumersRecommerceStore LocationOperations & Supply ChainDept. ApparelDelivery 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Asics creates a circular shoe, returns program The sporting goods company designed a shoe ready to undergo recycling at the end of its use. RetailDive April 18, 2024April 18, 2024 < 1 min read ReturnsSustainabilityDept. Sporting goodsDept. Nonfood 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Dr. Martens CEO to step down amid ‘challenging’ year ahead Kenny Wilson will be succeeded by Ije Nwokorie, the footwear company’s chief brand officer. RetailDive April 18, 2024April 18, 2024 < 1 min read ExecutivesDept. Apparel 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables How GenAI Can Turbocharge Retailers’ Ad Creative Generative artificial intelligence (GenAI) has set the marketing world aflame. Tools like DALL·E and Adobe Firefly have demonstrated the potential of AI to produce engaging creative from limited resources. Looking beyond that, what can it offer in terms of media efficiency for brand and retail marketers? The ability of GenAI tools to remix and iterate […] TotalRetail April 17, 2024April 18, 2024 3 min read Technology & InnovationAIData & InsightsConsumersDept. NonfoodShoppersBig DataChatGPTDept. ApparelDept. FreshDept. PerimeterInsight ProvidersMarketing: Direct & PersonalizationMarketing: MobileResults & InvestmentStrategy 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Corporate Social Responsibility: What Retailers Need to Know Corporate social responsibility (CSR), once a differentiator for brands, is now the norm. Today’s consumers expect those they do business with, including retailers, will have positive impacts on the world. In fact, Gen Z consumers are three times as likely to say that the “purpose of business is to serve communities and society” rather than […] TotalRetail April 17, 2024April 24, 2024 3 min read ConsumersESG and CSRInclusivitySustainabilityShoppersMarketing: Loyalty & SubscriptionPartnershipsGovernmentAssociatesPredictions and ForecastsData & InsightsDept. ApparelConsultingCOVID19Dept. FreshDeliveryDept. FrozenThick DataEconomyExecutivesMarketing: BrandResults & InvestmentStrategyDept. PerimeterAgencies 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Metadata is the key to compelling fan experiences as sports migrate to streaming Sports, unlike all other genres, have the power to attract large, consistent TV viewership—and on set schedules. You’d have to have been living under a rock this past year to have not been exposed to the whirlwind NFL season, which culminated in record viewership for Super Bowl LVII. Regardless of the appeal, however, the immense […] Nielsen April 17, 2024April 17, 2024 3 min read StreamingMarketing: BroadcastMarketing: Digital MediaPredictions and ForecastsData & InsightsInsight ProvidersBig DataDept. NonfoodDept. Toys & GamesMeta (Facebook)ConsumersHoliday & EventsTrends: MarketingCompetitionWeatherAmazonData VisualizationKraftHeinzMarketing: Loyalty & SubscriptionMarketing: Social MediaDept. Consumer Electronics 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Walmart teams with Jessica Simpson on apparel line BENTONVILLE, Ark. — Walmart is collaborating with celebrity Jessica Simpson’s apparel brand on a new collection of women’s clothing, swimwear and jewelry, including many items designed exclusively for Walmart. “I am so excited to partner with Walmart to bring our collection to a whole new group of dynamic and beautiful customers,” said Jessica Simpson. “Walmart […] MMR April 17, 2024April 17, 2024 2 min read Dept. ApparelWalmartShoppersSustainabilityPartnershipsExecutivesBrick and Mortar 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Adidas shares rise 8% after first-quarter profit hike, improved outlook Shares of Adidas jumped on Wednesday after the company raised its full-year guidance and reported a first-quarter profit hike, according to preliminary figures. CNBC April 17, 2024April 17, 2024 < 1 min read Dept. Apparel 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Bombas bets on footwear with the Friday Slide The move marks the first venture into more traditional footwear for the DTC brand that became popular for its socks. RetailDive April 17, 2024April 17, 2024 < 1 min read Dept. Apparel 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Dick’s Sporting Goods, SidelineSwap expand resale partnership The companies will hold over 300 used sports gear trade-in events at select Dick’s locations throughout the year. RetailDive April 17, 2024April 17, 2024 < 1 min read PartnershipsDept. Sporting goodsDept. Nonfood 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Adidas raises guidance for the year as Yeezy leftovers keep on giving But the sneaker giant is building momentum beyond the now-discontinued sub-brand, and CEO Bjørn Gulden’s turnaround seems to be taking hold. RetailDive April 17, 2024April 17, 2024 < 1 min read Dept. ApparelExecutives 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Beyoncé’s LEVII’S JEANS: A Retail Revival Fueled by Star Power In an era when online shopping dominates the retail landscape, Beyoncé’s new hit single, LEVII’S JEANS, is proving that the right cultural moment, fueled by star power, can still drive fans to brick-and-mortar stores in droves. According to data from geospatial insights company pass_by, Levi’s stores across the U.S. witnessed a remarkable 19.87 percent surge […] TotalRetail April 17, 2024April 17, 2024 < 1 min read Dept. ApparelBrick and MortarData & InsightsTrends: RetailPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Golf fashion moves into the mainstream A new line from Tiger Woods, LVMH’s latest collaboration with Tyler, the Creator and indie brands are helping to bring the sport from performance wear to streetwear. RetailDive April 16, 2024April 16, 2024 < 1 min read Dept. Apparel 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Beyoncé Is Driving up Sales of Levi’s Jeans and Western-Style Boots Beyoncé is giving the Levi’s brand a major boost. RetailWire April 16, 2024April 16, 2024 < 1 min read Dept. Apparel 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables College basketball boosts U.S. cable viewing in March Seasonality plays a role in an overall television usage decline of 3% during the month Following seasonal viewing trends that typically begin in February, overall television usage in the U.S. dipped again in March. Despite declines across categories, cable and streaming saw their share of TV viewing increase in this month’s report of The GaugeTM […] Nielsen April 16, 2024April 16, 2024 4 min read StreamingMarketing: Digital MediaInsight ProvidersBig DataMarketing: BroadcastData & InsightsPredictions and ForecastsMarketing: Social MediaHoliday & EventsMarketing: UGCConsumersDept. Toys & GamesAssociatesDept. NonfoodData VisualizationGamingWeatherInclusivity 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Adidas, Stepn partner on NFT sneakers The Stepn x Adidas Genesis Sneakers collection is part of a one-year partnership that will see other NFT drops and physical, wearable items. RetailDive April 16, 2024April 16, 2024 < 1 min read Dept. ApparelPartnershipsNFTCrypto 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Nike leans on Air for multiyear innovation cycle After acknowledging the need for more innovation, the sports brand is rolling out a new product lineup and an athlete co-creation process. RetailDive April 15, 2024April 15, 2024 < 1 min read Technology & InnovationDept. Apparel 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables How Free People Crafts Compelling Influencer Marketing Campaigns In episode 448 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Libby Strachan, director of brand marketing at Free People, an Urban Outfitters, Inc. global lifestyle brand with offerings in unique apparel, intimate wear, shoes and accessories; and Kristen Dolan, senior vice president of growth at Influential, an AI social data and conversion technology. Strachan […] TotalRetail April 15, 2024April 24, 2024 2 min read Marketing: Social MediaTechnology & InnovationPartnershipsAIESG and CSRStrategyAcquisitionDept. ApparelExecutivesMarketing: BrandConsumersAgenciesData & InsightsPodcastsPredictions and ForecastsShoppersStreamingMarketing: Digital Media 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Report: Retail Sales Grew at a Steady Pace in March Retail sales grew at a steady pace in March in part due to wage gains and easing inflation for goods, according to the CNBC/NRF Retail Monitor report, powered by Affinity Solutions, released on Monday by the National Retail Federation (NRF). According to the Retail Monitor report, total retail sales were up 2.72 percent unadjusted year-over-year […] TotalRetail April 15, 2024April 24, 2024 2 min read ConsumersEconomyPredictions and ForecastsMarketing: UGCBrick and MortarRestaurantsData & InsightsDept. FuelDept. Sporting goodsExecutivesHealth & WellnessDept. NonfoodAssociates 0 Saving Bookmark this article Bookmarked
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 […] Written by Earnest Research April 25, 2024April 25, 2024 Saving Bookmark this article Bookmarked
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 […] Written by Earnest Research April 24, 2024April 24, 2024 Saving Bookmark this article Bookmarked
Department: Consumer Durables Where Does One U.S. Tax Dollar Go? See this visualization first on the Voronoi app. Where Does One U.S. Tax Dollar Go? This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources. Come tax season, a common refrain is: “what do my taxes even […] Written by Visual Capitalist April 24, 2024April 24, 2024 Saving Bookmark this article Bookmarked
Department: Consumer Durables AI boosts innovation in ingredient selection, formulation AI could minimize the traditional trial-and-error approach in product development. Written by Supermarket Perimeter April 24, 2024April 24, 2024 Saving Bookmark this article Bookmarked
Department: Consumer Durables Google Won’t Pull Cookies In 2024 Google announces it’s delaying its self-imposed deadline to deprecate third-party cookies on Chrome for the third time. The post Google Won’t Pull Cookies In 2024 appeared first on AdExchanger. Written by AdExchanger April 23, 2024April 24, 2024 Saving Bookmark this article Bookmarked