Industry

Financial institutions like JPMorgan Chase and PayPal are leveraging their extensive transaction data to enter the advertising market, mimicking retail ad networks. PayPal plans to launch a new ad platform, while Chase has started selling ads on its app and website, offering personalized deals based on card transaction history. Klarna,…Read More

Gucci’s recent campaign with tennis star Jannik Sinner, featuring both Gucci and Nike, highlights a trend where luxury fashion brands are collaborating with athletes who have existing sports brand sponsorships.  Roger Federer also appeared in a Louis Vuitton campaign alongside Rafael Nadal, showcasing On shoes and a Rolex Daytona. This…Read More

As AI becomes integral, brands are using it to streamline operations, innovate designs, enhance marketing strategies, and improve customer experiences. Despite initial challenges, such as convincing stakeholders of AI’s reliability, the report highlights that significant investments are being made, with many brands allocating substantial portions of their budgets to AI…Read More

Employers like LVMH and Meta are prioritizing qualities that enable employees to navigate a rapidly changing retail landscape. Graduates with a diverse skill set and interests, exemplifies a trend in the fashion industry where soft skills like teamwork, critical thinking, and adaptability are increasingly valued over technical proficiencies. Fashion companies…Read More

Late last year, luxury brands noted Pinterest’s emerging importance as a marketing channel, particularly for reaching Gen Z. Pinterest revealed that Gen Z saves more pins, especially in collage format, than any other group. With 500 million monthly active users, Pinterest is attracting brands due to its organic growth potential…Read More

Leonard A. Lauder Honored With Retail Excellence Award A who’s who of luminaries from the retail, fashion and finance sectors turned out on Monday night to honor Leonard A. Lauder with the Retail Excellence Award cohosted by the Baker Retailing Center at the University of Pennsylvania’s Wharton School of Business and…Read More

US Retail Workers Are Fed Up and Quitting at Record Rates To be a US retail worker in 2023 means fielding an onslaught of growing American anxieties about everything from high prices to politics. Increasingly, some workers say the job isn’t worth the wages. Low pay, erratic schedules and monotonous…Read More

Shopify Introduces Over 100 New Features, Including AI-based Solutions Shopify has launched over 100 new features to help small business owners be more productive and innovative as part of their Summer ’23 Edition product updates. The updates leverage the power of artificial intelligence (AI), a fee-free business credit card, an…Read More

Leonard Lauder to Receive ‘Retail Excellence’ Award Leonard A. Lauder, chairman emeritus of The Estée Lauder Companies, will receive the “Retail Excellence Award” for his outstanding contributions to the retail and beauty sectors, along with his philanthropic endeavors in academia, medicine and art. The award is being given by the Jay H. Baker Retailing…Read More

McKinsey: Why Markdowns Matter More Than Ever Many US retailers are reducing prices to clear excess inventory. Smart markdown strategies will make a huge difference to their bottom lines. The US consumer, just like the US economy, has been anything but predictable over the past few years—and the rapid changes…Read More