The Furby toy is making a comeback, fueling nostalgia and dominating toy sales. Hasbro has relaunched the Furby in two new colors, Purple and Coral, marking the toy’s 25th anniversary. The toy became a cultural phenomenon in the late 1990s, with over 40 million units sold globally in the first three years, and it continues…
Shopping malls have been a part of American culture in some capacity for around a century, but they’ve been struggling in recent years.
Amazon is aiming to entice U.S. shoppers during its annual Prime Day shopping event by offering deeper discounts on a wide range of products and services, including travel deals for the first time. This year’s Prime Day, which takes place over 48 hours on July 11-12, features significant discounts on items such as Gap clothing,…
Luxury fashion conglomerate Kering has reportedly acquired French fragrance company Creed for 3.5 billion euros ($3.83 billion), according to the Financial Times. Kering aims to tap into the growing demand for high-end fragrances and further diversify its luxury portfolio. It also hopes to create an in-house cosmetics business.
Middle-tier restaurants in the U.S. and Europe are embracing the trend of adding luxury handbag stools for diners to place their expensive designer bags on. This practice, traditionally seen in fine-dining establishments, has now expanded to more casual restaurants as young adults, living with their parents and with disposable income, prioritize spending on luxury goods…
Retailers worldwide are facing closures and financial challenges, with several prominent brands shutting down stores in 2023. The list includes Foot Locker, which plans to close 545 stores by 2026, and home goods company Tuesday Morning, which is shutting down all of its physical locations. Other notable closures include Bed Bath & Beyond, Gap, and…
Amazon sellers have accused sellers on the ultra-cheap marketplace Temu of copying their product listings, leading to declining sales. Wired reports that Temu sellers have replicated product photos, descriptions, and keywords from original Amazon listings, often selling the products at lower prices. Requests to have the listings removed have reportedly been met with silence from…
The resumption of student loan payments in October is expected to impact consumer spending, with economists anticipating a slowdown as borrowers adjust their budgets. According to Morgan Stanley analysts, retailers with high exposure to student loan holders in discretionary categories, such as Target and Dick’s Sporting Goods, may face greater risks, while retailers like Walmart…
A new premium skincare launch, LYMA, has garnered significant attention with a waitlist of 30,000 customers, indicating the thriving trend for luxe skincare. Developed by experts outside the traditional skincare industry, LYMA claims to have harnessed scientific research and created a unique formula with a high ratio of active ingredients to water. While some beauty…
Buy Buy Baby, the baby products retailer owned by Bed Bath & Beyond, is set to close its stores after a deal to save the chain fell apart. Brand management firm Go Global Retail, which owns Janie and Jack, was eager to acquire Buy Buy Baby but couldn’t reach an agreement on valuation. Dream on…
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