1. Holiday & Events

Temu tells Super Bowl watchers they can ‘shop like a billionaire’ on its app

Written by Posted on Less than 0 min read

Temu is looking to replicate the success of Shein in the U.S. The online site’s Super Bowl commercial played up how much money shoppers can save. “The prices blow my mind. I feel so rich. I feel like a billionaire. I’m shopping like a billionaire,” says Temu’s jingle.

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Trends & External Forces

Resale market competition heats up and puts pressure on profitability

The resale market underwent a wave of consolidation in 2022. As the new year begins, retailers will likely place growing emphasis on profitability in the face of more intense competition. View Original Article Competition RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as […]
< 1 min read
0
  1. Operations & Supply Chain

Family Dollar Fined $41M Over Rat-Infested West Memphis Warehouse

Family Dollar has been fined a staggering $41 million over a rat-infested warehouse in West Memphis, Arkansas. This warehouse distributes food, cosmetics, and medical devices to more than 400 stores across the South. View Original Article Operations & Supply Chain Brick and Mortar Family Dollar Dept. Grocery RetailWire Member since October 25, 2020 Loading + […]
< 1 min read
0
  1. Acquisitions, Divestitures & Mergers

Sonic the Hedgehog’s parent to acquire Angry Birds

Sega has reached a $774 million deal to acquire Rovio Entertainment, the maker of the Angry Birds game and franchise. “Among the rapidly growing global gaming market, the mobile gaming market has especially high potential, and it has been Sega’s long-term goal to accelerate its expansion in this field,” said Haruki Satomi, the CEO of […]
< 1 min read
0
  1. Media & Marketing

FTC says Meta gave developers access to kids’ data

The Federal Trade Commission alleges that Meta violated the terms of a 2020 privacy settlement that required it to restrict how third parties used users’ data. The FTC says Meta continued to give app developers access to private information for children and teens under 18 after signing the agreement. Meta spokesperson Andy Stone called the […]
< 1 min read
0
  1. Associates & Employees

Store staff shortages lead to unhappy customers

Customers are finding that stores and restaurants are operating on shorter schedules and have fewer employees on hand to help with their questions. Mall operator Taubman Centers finds that many retail tenants are opening stores later to reduce labor costs. View Original Article Restaurants Associates Brick and Mortar RetailWire Member since October 25, 2020 Loading […]
< 1 min read
0
  1. Uncategorized

Powerball Jackpot Hits $521 Million

The Powerball jackpot climbed to a staggering $521 million after nobody claimed the grand prize in Wednesday’s drawing. Saturday’s drawing took place just after 11 p.m. EST, with the winning numbers announced shortly after. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving […]
< 1 min read
0
  1. Trends & External Forces

Retailers see punitive shoplifting laws as a deterrent

Retailers represented by the National Retail Federation and the Retail Industry Leaders Association agree that stolen merchandise is a multi-billion-dollar problem for the industry. Many are advocating for increased penalties for individuals engaged in shoplifting and the leaders of organized crime rings that are stealing inventory from stores en masse. View Original Article Legal & […]
< 1 min read
0
  1. Shopper & Customer

Black Friday deals may still leave consumers strapped for cash

Retailers are offering big discounts in the lead-up to Christmas on a wide variety of discretionary purchase items. That doesn’t mean that the items are cheap, however, as many are more expensive this year due to inflation. View Original Article Consumers Economy Holiday & Events Marketing: Trade Pricing & Promotions RetailWire Member since October 25, […]
< 1 min read
0
  1. Department & Category

FDA Approves Xolair for Multiple Food Allergies

The FDA has given the green light to Xolair, a drug designed to alleviate allergic reactions to multiple foods. This groundbreaking approval marks the first of its kind, offering hope to those with severe food allergies across the nation. View Original Article Dept. Grocery Government RetailWire Member since October 25, 2020 Loading + Follow Following […]
< 1 min read
0
  1. Department: Consumer Durables

Nike is discounting DTC prices to move inventory

Nike is finding it more difficult to clear its inventory in light of current economic challenges and is resorting to discounting to boost sales. The athleticwear brand’s CFO  Matt Friend, said Nike plans to continue promoting its direct-to-consumer business. Nike’s business with wholesale accounts fell to 56 percent in May, down from 70 percent four… […]
< 1 min read
0
  1. Operations & Supply Chain

Could Avatars Be the Solution To Reducing Returns?

A recently introduced digital twin fit predictor tool for luxury consumers allows them to virtually try out items based on their actual appearance and measurements. This innovation has the potential to significantly reduce returns. View Original Article Consumers Technology & Innovation Returns RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

FedEx to combine its Express and Ground delivery businesses

FedEx is combining its Express and Ground delivery businesses into a single unit. The move is being made to simplify the delivery service’s interactions with customers and reduce costs. “There’s opportunity to continuously improve the efficiency of our operations,” said FedEx CEO Raj Subramaniam. “Our customers are going to see a difference.” View Original Article […]
< 1 min read
0
3
  1. Shopper & Customer

Inflation remains top of mind for consumers and business

The rate of inflation has slowed since June when consumer prices rose 9.1 percent year-over-year. High prices, however, remain a major concern for consumers and the companies that sell them goods and services. “The rise and fall of inflation is mostly symmetrical. It took 16 months to peak and now we expect it will take […]
< 1 min read
0
  1. Channel: Mass

Missing 12-Year-Old Boy Spent the Night Alone in an Ohio Target

A 12-year-old boy was found alone in a Target store in Blacklick, Ohio, before it opened for business on March 11. View Original Article Target RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling […]
< 1 min read
0
  1. Technology & Innovation

Google Cloud unveils AI tool to tackle shelf inventory accuracy

Ahead of the NRF Big Show taking place this week in NYC, Alphabet’s cloud division announced the development of a new machine vision algorithm capable of accurately taking stock of on-shelf inventory via cameras mounted on ceilings or used by employees (either the human or robotic). The system draws on a database of over a […]
< 1 min read
0
  1. Trends & External Forces

Europe’s New Competition Law Shifts the Landscape for Apple, Google, and Other Tech Giants

As of today, a new competition law has come into force, affecting European users of major tech platforms like Apple and Google, among others. View Original Article Google Technology & Innovation BigTech Competition Predictions and Forecasts RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the […]
< 1 min read
0
  1. Department & Category

School Food Jobs Face Fast-Food Competition

In the wake of California’s new $20 minimum wage for fast-food workers, schools find themselves in a tight spot, needing to entice cafeteria staff away from the allure of the fast-food industry. View Original Article Associates Dept. Grocery Competition RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion […]
< 1 min read
0
  1. Channel: Club

Costco’s March numbers aren’t very Costco-like

Costco reported a 2.6 percent gain in same-store sales for March, below the 3.9 percent expected by Wall Street. The warehouse club saw its numbers pulled down by weakness in its non-foods business. View Original Article Costco Operations & Supply Chain Economy RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s […]
< 1 min read
0
  1. Technology & Innovation

Panera is testing Amazon’s palm-scanning tech

Two Panera Bread restaurants in St. Louis are testing Amazon One, the palm-scanning technology designed to give customers access to their loyalty program perks and enable payments. “We think the payment plus loyalty identification is the secret sauce that can unlock a really personalized, warm and efficient experience for our guests,” said George Hanson, chief […]
< 1 min read
0
  1. Channel: Specialty & Other

A new chain in Canada arises in former Bed Bath & Beyond locations

A new retailer – rooms + spaces – is looking to succeed in Canada where Bed Bath & Beyond failed. The concept, the brainchild of serial entrepreneur Doug Putman, plans to open a concept that is an improved version of the store it replaces. “We want to take what was good about Bed Bath but […]
< 1 min read
0
Next