Target Adds More Low-Cost Items to its Assortment
Melissa Campanelli
Continuing its emphasis on low prices, Target said last week it would be adding more than 1,000 low-cost summer items to its product assortment. The products, including swimwear, outdoor items, snacks, drinks and skin care products, will be priced as low as $1 and more …
With Consumers Wary of Sharing Data, How Can Retailers Connect?
Rick Sunzeri
First-party data is increasingly necessary for retailers to offer customers the kinds of personalized experiences they expect. Seventy-one percent of consumers say they expect personalized interactions with companies, according to McKinsey, but consumers are also increasingly wary of sharing their personal data with companies. One …
TJX CEO: Potential to Add Up to 1,300+ Stores
Joe Keenan
The TJX Cos. Inc. CEO Ernie Herrman wants to capture additional market share around the world, and he plans to do so by opening more store locations. “We are convinced that significant market share opportunities remain across the U.S., Canada, Europe, and Australia over the …
Is the New York Fashion Sustainability and Social Accountability Act Gaining Steam?
Warren Koshofer
The New York Fashion Sustainability and Social Accountability Act (Fashion Act) is back on the agenda of the New York State Legislature. Introduced in 2022, and then reintroduced in 2023, the bill seeks to level the playing field among fashion companies by requiring improved due …
Why it’s Time Retailers Diagnose Feedback Fatigue
Tim Waterton
In the multichannel world of modern retail, the voice of the customer has never been louder. Amplified by social media, customers have become an authority that no retailer can afford to underestimate. Aware of this reality, most retailers have already turned their attention to customer …
The True Cost of Cost-Cutting for Brands
Laura Ritchey
In a world where balance sheets and stakeholder returns reign supreme, the retail sector faces a challenge: balancing profitability with the preservation of branded experiences. It’s often tempting for retail brands to believe they will save money by insourcing their fulfillment and logistics. Unfortunately, that …
Under Armour to Cut Jobs, Product Mix
Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10 percent and predicted the trend will get worse throughout its current fiscal year. The athletic apparel retailer also saw profits sink by more than …
The Resurgence of Market Resilient Retailers: A Tale of Luxury Malls and Dollar Stores
Bill Boucher
In recent years, the retail world has witnessed a remarkable transformation, particularly within the realm of shopping malls. Despite the challenges posed by the e-commerce boom, top-tier malls have defied expectations, recording strong leasing volumes and experiencing steady rent growth. So, what’s driving this resurgence? …
Could AI Be Your Next Stylist? Consumers Are Ready
Piyush Patel
Keeping up with nanosecond social media trends is a never-ending challenge for retail brands and shoppers. In addition to responding to these fast-paced microtrends, merchandisers face increased pressure to incorporate cutting-edge personalization techniques that drive authentic shopping experiences and cultivate brand loyalty. So, what’s the …
CTOs at the Helm: Steering Retail Into the AI Future
Steve Akers
As the retail industry has increasingly shifted to digital technology, transitioning from traditional brick-and-mortar stores to online platforms, consumers have changed both where and how they shop. Augmented reality apps allow customers to visualize products in their homes before purchasing, and retailers use artificial intelligence-driven …
