How AI is driving holiday shopping innovation
Artificial intelligence (AI) is reshaping how consumers approach holiday shopping, offering tools that function as virtual personal shoppers. Dynamic Yield…
13 Dec 2024
Costco posts 7.5% revenue surge in Q1 FY25
Costco Wholesale has recorded a robust financial performance for the first quarter of the fiscal year 2025, with net sales reaching $60.99bn - a 7.5% uplift from the $56.72bn reported…
13 Dec 2024
US FTC targets Southern Glazer’s for alleged unfair pricing
The US Federal Trade Commission (FTC) has initiated legal proceedings against Southern Glazer's Wine and Spirits, a distributor in the alcoholic beverages sector, on charges of illegal price discrimination. The…
13 Dec 2024
Sainsbury’s opens convenience store at Edinburgh Airport
British supermarket chain Sainsbury's has unveiled its inaugural airport store at Edinburgh Airport, signalling a new chapter in the company's expansion strategy. The venture aligns with a broader initiative to…
13 Dec 2024
PUMA unveils new creative hub in Herzogenaurach, Germany
Sports apparel and accessories brand PUMA has unveiled Studio48, a creative hub within its global headquarters in Herzogenaurach, Germany. The 500m² workspace will facilitate the development of new ideas and concepts…
13 Dec 2024
UK FCA may delay approving Shein’s IPO amid supply chain scrutiny
The UK Financial Conduct Authority (FCA) is extending its review period for the proposed initial public offering (IPO) of the global fast-fashion brand Shein, as it scrutinises the company's supply…
13 Dec 2024
Peak seasons amplify bracketing problems for UK retailers
UK shoppers return approximately 30% of fashion items bought online annually, with bracketing—ordering multiple sizes or colours of an item to return all but one—becoming a prevalent habit. Research by…