The historic Lord & Taylor department store, which first opened its doors nearly 200 years ago in New York City, is poised for a remarkable transformation under new ownership. This iconic retailer, known for its chic offerings and customer service excellence, will soon emerge with a restructured identity as an online off-price luxury retailer. Anticipated […]
Vietnam Suspends Temu Operations for Missing Deadline to Register
In a significant turn of events, Vietnam’s trade ministry announced the suspension of operations for the Chinese online retailer Temu. The decision follows Temu’s failure to meet the business registration deadline set at the end of November. This move reflects growing apprehensions among local businesses and regulatory authorities regarding the consequences of aggressive pricing strategies […]
This Week: On Black Friday, It’s Shein and Temu Versus the World
As the holiday shopping season heats up, recent data reveals a tough environment for many retailers. Credit card transactions analyzed by Earnest indicate a decline in consumer spending at major U.S. retailers. In the first half of November, spending was down 1.4% compared to the previous year, marking the first downturn recorded since 2017. This […]
Mytheresa Reports Sales, Profit Growth Ahead of YNAP Merger
Mytheresa, the German luxury e-tailer, has once again demonstrated its resilience in the competitive online luxury market. As it navigates a sector that is facing several challenges, Mytheresa’s latest fiscal quarter report reveals an 8% increase in sales, reaching €202 million (approximately $214 million) for the first quarter ending September. This growth signals a positive […]
JD’s Results Fail to Impress as Chinese Economic Fears Persist
JD.com Inc. has reported a revenue growth of 5.1% for the third quarter, reflecting a cautious shift in consumer spending amid efforts by the Chinese government to reinvigorate the economy. This modest increase signals a complex landscape for the retail and e-commerce giant as China emerges from stringent COVID-19 restrictions. In financial terms, JD’s sales […]
India’s Antitrust Watchdog Finds Zomato and Swiggy Violated Competition Laws
The Competition Commission of India (CCI) has uncovered significant violations of competition laws by leading food delivery platforms, Zomato and Swiggy. This investigation, which commenced in 2022 following complaints from the National Restaurant Association of India, reveals unethical practices that raise serious concerns regarding market fairness and consumer choice. The CCI’s findings indicate that Zomato […]
The Start-Up Turning AI Designs Into Real Products
In a groundbreaking move for the jewellery industry, the start-up Arcade has launched a platform that enables consumers to design their own jewellery using generative AI and then purchase the finished product. This innovative approach not only highlights the potential of personal expression in design but also unveils the complexities involved in turning AI-generated visuals […]
At the 2024 Zalando Partner Marketing Awards: Brands Unite With Zalando Best Practices to Optimise Their Retail Media Marketing Strategies
On September 25, Zalando Partner Marketing Services (ZMS) brought together the fashion industry’s key players at their fourth annual Partner Awards held in Berlin. This event highlighted innovative advertising strategies within Zalando’s e-commerce platform, which boasts a remarkable 560 million visits per month and a wide customer base of approximately 50 million across 25 European […]
How Mytheresa Can Make Its YNAP Deal Work
Mytheresa’s recent acquisition of Yoox-Net-a-Porter (YNAP) represents a significant step toward dominating the luxury e-commerce market. However, the success of this venture hinges on Mytheresa’s ability to transform YNAP into a profitable entity. The potential is substantial; combined sales estimates suggest that the two companies could reach €4 billion by 2029, but there are significant […]
How Google Aims to Transform Shopping with AI
Google has announced significant updates to its shopping experience by integrating artificial intelligence (AI) into its platform. As consumers increasingly seek tailored shopping experiences, Google recognizes the necessity of evolving alongside these expectations. With over a billion shopping queries made daily on its platform, the stakes are high for Google to optimize its offerings, ensuring […]