Gap’s collaboration with LoveShackFancy, a New York-based brand, has been a resounding success, with the limited-edition, multi-category capsule collection largely selling out within minutes of its launch. The 76-piece collection brings a fresh take to classic denim and pastels, with prices ranging from $13 to $248. Featuring GRAMMY Award-winning artist Ciara and her children in…
The demise of Bed Bath & Beyond has raised questions about which retailers will benefit in the home products category. While the gains for major retailers like Target, Walmart, and Amazon are evident, the loss of 115 Buy Buy Baby stores creates opportunities for indie retailers to capture a share of the market. Independent retailers,…
Hasbro has announced the sale of its eOne film and TV studio to Lionsgate Entertainment for approximately $500 million. The deal, which includes a library of 6,500 titles, aims to help Hasbro focus on more profitable brands. The transaction, approved by both companies’ boards, is expected to be completed by the end of 2023, with…
Wayfair Inc’s shares surged by as much as 24% to reach their highest level in over a year after the online furniture retailer reported a smaller-than-expected second-quarter loss. Despite a 3.4% decline in net revenue to $3.2 billion, Wayfair’s cost-cutting measures and increased orders resulted in a net loss of $46 million, beating analysts’ expectations…
Amazon has started allowing some customers without Prime memberships to order groceries from Amazon Fresh in a dozen U.S. cities, including San Francisco, Boston, and Denver. This move marks a departure from the previous exclusive service, where Fresh deliveries were limited to Prime members. Amazon plans to expand this offering nationwide by the end of…
Instacart shoppers are expressing discontent and considering leaving the platform after the company reduced their base pay for filling orders from $7 to as low as $4. Many workers argue that the compensation is no longer worth the effort, considering the additional tasks involved in navigating grocery stores and communicating with customers about out-of-stock items….
Tech companies have faced significant layoffs, shedding more than 386,000 jobs in 2022 and the first half of 2023, according to Layoffs.fyi. However, amidst the layoffs, the booming artificial intelligence market is giving the tech industry a renewed sense of optimism, with generative AI startups receiving massive investments and tech giants like Amazon, Alphabet, and…
Rising real estate demand is leading landlords to push out retailers, resulting in steep rent increases. For instance, Zero Waste Daniel founder, Daniel Silverstein, faced a significant rent increase on his 700-square-foot studio, prompting him to seek a new location. The booming real estate market and demand for quality spaces are making it challenging for…
Overstock.com has been officially rebranded as BedBathandBeyond.com, and the CEO, Jonathan Johnson, discusses what this means for consumers and product vendors. The rebranding involves adding over 600,000 new SKUs on the dropship model, aiming to maintain the 22% to 23% gross margin. Bed Bath and Beyond aims to improve customer experience by providing promotions, reinstating…
Barbie doll sales are surging online, fueled by the blockbuster success of the “Barbie” movie, which is expected to reach $1 billion in box-office sales. Doll sales have seen a significant increase of 56%, according to Shopify, the e-commerce platform powering Mattel’s direct-to-consumer operations. Shoppers are gravitating toward beloved brands like Barbie, indicating a “Barbie…
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