After reporting its first quarterly profit in two years in March 2023, troubled retailer GameStop posted a $50.5 million loss in Q1 2023, which ended April 29, 2023. Net sales of $1.24 billion for the period were down from $1.38 billion for the same period last year. Additionally, GameStop CEO Matt Furlong has been terminated,…
Walmart is pushing further into in-store retail media as it looks to leverage its biggest advantage over retail media juggernaut Amazon — its brick-and-mortar footprint. Walmart already offers a number of in-store activations for advertisers, including TV walls, self-checkout ads and integrated marketing opportunities, and now the retailer is beta testing the addition of product…
Editor’s note: This story has been updated based on recent developments. Ikea will unveil a 19-foot-high interactive version of its iconic Frakta blue bag in Chicago’s Millennium Park on June 17-18, followed by Houston on June 24-25. The retailer had planned to make New York City’s Flatiron District the bag’s first stop on a national…
With the pandemic waning, sneaker lovers are once again stepping out to show off their coveted kicks, and sneaker reselling is on the rise. In fact, the sneaker resale market in the U.S. is estimated to be around $2 billion and by 2030 is expected to increase to $30 billion. Some researchers are calling sneakers…
The National Retail Federation (NRF) named five retail industry leaders to its Board of Directors at its summer board meeting in Washington, D.C. The new members are notable for including executives from a solution provider specializing in marketplace technology as well as a cloud services provider, indicating the growing importance of these segments of the…
Editor’s note: As retail interfaces and systems continue to evolve, the way we design retail experiences to user needs and behaviors is also transforming. In the new series “Stimulating Retail,” join award-winning sensory designer and Harvard neuroscientist Ari Peralta as he breaks down the science and tech behind some of today’s most stimulating sensory retail experiences….
Amazon has inked a deal to give its sellers access to the 3D visualization platform Hexa, which will help merchants easily create 3D and augmented reality content for their Amazon product pages. Hexa uses AI to create 3D content for brands based on 2D assets like product images or designs. Amazon sellers can now use…
In its latest move to appeal to the masses, Victoria’s Secret is expanding its assortment on Amazon Fashion to include lingerie and apparel. The brand’s Amazon store, which debuted in April 2022, previously featured only beauty products. Propelled by the desire to “meets customers where they are,” the company plans to now make more than…
Serta Simmons Bedding (SSB) will emerge from bankruptcy “in the near future,” according to a company press release. The retailer, which filed for Chapter 11 protection with the U.S. Bankruptcy Court for the Southern District of Texas in January 2023, expects to return in a strengthened financial position, having substantially reduced its secured debt from…
If you’re running an online wholesale business, then do yourself a favor by implementing an Add Selected Products to Cart option in your e-commerce store. But what exactly is this feature, and in what ways can it improve sales and boost your revenue? In the fast-paced world of wholesale business, customer convenience has grown increasingly…
