In a testament to robust consumer spending, retail giant Next has reported a remarkable performance in its first quarter. The company's full-price sales increased by an impressive 5.7% over the 13-week period ending on April 27, exceeding the previously guided 5% growth. This marks the seventh
The retail industry has been undergoing seismic changes, with longtime mall stalwarts struggling to stay afloat. Rue21's recent announcement that it will close all 540 stores following its third Chapter 11 bankruptcy filing has raised alarms about the viability of mall-based retail operations.
Max Retail, a platform specifically designed to assist independent retailers and brands in managing excess inventory, has successfully raised $15 million in a Series A funding round led by Nosara Capital, with additional participation from Rethink Impact, LA-based venture capital firm M13, The
Waitrose, a high-end UK supermarket, is piloting a new stock management technology aimed at boosting inventory availability and ultimately enhancing the customer experience. This initiative follows a period of challenges stemming from the implementation of a new ERP (Enterprise Resource Planning)
Century 21 NYC, a renowned name in off-price fashion retailing, has embarked on a significant technological transformation following its flagship store’s reopening in May 2023. By adopting Jesta I.S.'s cloud Merchandising ERP and Analytics system, the retailer aims to modernize its operations,
The retail industry is undergoing a remarkable transformation with the adoption of cutting-edge technologies like Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI). These innovations are not just enhancing customer experiences but also optimizing operations and driving
