In a massive achievement for TikTok Shop, the platform recorded sales exceeding $100 million on Black Friday, marking a threefold increase from the previous year. This milestone was significant given the potential bans TikTok faces in the U.S. Despite this looming threat, the platform managed to
Retailers are increasingly grappling with a significant and costly trend: the rising rate of merchandise returns. According to the National Retail Federation (NRF), shoppers are forecasted to return $890 billion worth of merchandise in 2024, which would account for 16.9% of retailers' annual
As the holiday season approaches, shoppers are increasingly turning to artificial intelligence (AI) technologies to enhance their shopping experience, with recent data highlighting a growing trend in the integration of such technologies in retail. A survey by Perfect Corp revealed that almost 52%
Chewy, the popular online pet goods retailer, has recently experienced a remarkable resurgence in customer growth and sales through a series of strategic improvements in its online and mobile shopping experience. Chewy reported an increase in its active customer base to 20.2 million in the latest
The rapidly evolving landscape of private label brands has seen significant milestones, with Walmart's Bettergoods and Target's Dealworthy spearheading the movement. Since their launches in early 2024, these brands have experienced remarkable growth, capturing the attention of
GameStop recently revealed its financial results for the third quarter of 2024, highlighting a significant 20% drop in net sales, falling from $1.08 billion in the previous year to $860 million. Despite this considerable decline in revenue, the gaming retailer managed to report a notable shift from
