Retail & ecommerce briefing Trends & Statistics

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Tesco launches business unit to sell fulfillment solutions and consulting services to international retailers

Article
Sep 10, 2024

Tesco’s newest venture takes aim at Ocado: The UK grocer’s Transcend Retail Solutions division aims to help international supermarket chains develop their ecommerce operations.

Under Armour cuts outlook, closes a distribution facility as part of its restructuring plan

Article
Sep 10, 2024

Under Armour’s turnaround won’t be quick: The company lowered its FY25 outlook, saying its restructuring plan will cost about twice as much as expected.

Big Lots bankruptcy shines a light on discount and home improvement challenges

Article
Sep 09, 2024

Big Lots files for bankruptcy: The discount retailer struggled as macroeconomic headwinds pushed consumers to tighten their budgets and prioritize value.

Luxury dupe brands win over shoppers

Article
Sep 09, 2024

Dupes gain steam as shoppers seek middle ground between fast fashion and luxury labels: Quince and Italic are among the brands poised to benefit as shoppers prioritize affordability.

Roblox-Shopify deal lets brands sell physical goods from gaming platform

Roblox-Shopify deal lets brands sell physical goods from gaming platform

Article
Sep 09, 2024

Roblox wants to be an ecommerce platform: After a pilottesting physical goods sales with Walmart and E.l.f. Beauty, the gaming platform sees big potential in online sales.

Google expands its genAI-powered virtual try-on tool to include dresses

Article
Sep 06, 2024

Google expands its virtual try-on tool to dresses: The genAI-powered technology is a powerful weapon that can boost engagement and make shoppers more likely to click the buy button.

The US government probes airlines’ frequent flyer programs

The US government probes airlines’ frequent flyer programs

Article
Sep 06, 2024

Biden administration puts airlines’ loyalty programs under the microscope: The probe, which examines how carriers devalue points that consumers have earned, could send ripple effects across other industries.

Consumers are slow to trade down in the baby, pet care, and beauty categories

Consumers are slow to trade down in the baby, pet care, and beauty categories

Article
Sep 03, 2024

Shoppers are least likely to trade down in the baby, pet care, and beauty categories: On the surface that’s good news for Chewy and P&G, but consumers are cutting back in other ways.

Value-focused shoppers flock to off-price retailers Nordstrom Rack, Burlington, and TJX

Value-focused shoppers flock to off-price retailers Nordstrom Rack, Burlington, and TJX

Article
Aug 29, 2024

Macroeconomic headwinds drive shoppers to hunt for a deal: Off-price retailers like Nordstrom Rack, Burlington, and TJX are thriving amid the current climate.

Lego’s sales rise 13% in the first half, defying the toy industry’s slump

Article
Aug 28, 2024

Lego builds momentum: The company grew sales 13% in the first half of the year with strength across its portfolio.

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Sephora targets Gen X with latest beauty launch

Sephora targets Gen X with latest beauty launch

Article
Aug 27, 2024

Sephora targets Gen X shoppers with latest product launch: The beauty retailer is sharpening its appeal to beauty consumers over the age of 40, who spend more on prestige products than any other demographic.

There’s little consensus among holiday forecasts

There’s little consensus among holiday forecasts

Article
Aug 27, 2024

Holiday sales forecasts range between 2% and 4.8%: That variation reflects an unusual environment shaped by lingering inflation, potential interest rate cuts, and a volatile election season.

Ikea tests a secondhand marketplace

Article
Aug 26, 2024

Ikea’s business model evolves: In addition to experimenting with new store formats in new locations and bolstering its online presence, the furniture giant tests a peer-to-peer secondhand marketplace.

Brands risk marketing fatigue by letting pumpkin spice and Christmas messages creep into August

Brands risk marketing fatigue by letting pumpkin spice and Christmas messages creep into August

Article
Aug 23, 2024

Has holiday creep crept over the line? Brands risk turning off consumers by launching Christmas countdowns in August and offering pumpkin spice lattes before kids head back to school.

Walmart+ makes inroads while Amazon tries to protect its Prime advantage

Walmart+ makes inroads while Amazon tries to protect its Prime advantage

Article
Aug 22, 2024

Walmart partners with Burger King to beef up Walmart+ perks: While the retailer focuses on appealing to its core customer base, Amazon makes a move for holiday and grocery sales.

While Target’s price cuts hit the mark in Q2, the retailer strikes a cautious outlook ahead

Article
Aug 21, 2024

Target’s comparable sales rose for the first time in five quarters: While the retailer’s value-oriented focus hit the mark in Q2, Target took a “measured approach” with its outlook ahead.

Lowe’s, Home Depot brace for weaker sales as housing market remains frozen

Article
Aug 20, 2024

Lowe’s joins Home Depot in warning of sales pressure amid difficult market conditions: The home improvement retailer lowered its FY sales forecast as skyrocketing prices, limited supply, and high borrowing costs weigh on the housing market.

ThredUp quietly launches peer-to-peer marketplace

Article
Aug 20, 2024

ThredUp tests peer-to-peer marketplace model as losses pile up: The resale platform is in need of a reset as it struggles to navigate an uncertain economic environment.

Amazon considers doing away with product reviews and ratings in search

Article
Aug 19, 2024

Amazon tests removing product reviews and ratings from search: The retailer claims it will enhance the browsing experience, but it creates friction for the majority of shoppers who rely on customer feedback.

Shein and Temu have a product safety problem

Article
Aug 16, 2024

Product safety issues could derail Chinese ecommerce platforms’ growth ambitions: Shein and Temu are struggling to keep products with high levels of toxic substances—as well as those hazardous to babies and children—off their marketplaces.

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