Hut Group, one of the world’s largest e-tailers selling health, beauty and fashion, has acquired an international hosting company in a strategic move to upgrade the technology behind its e-commerce sites.
South African-based retailer Massmart reported on Thursday a near 2 percent fall in overall same-store sales in the first five months of the current year, as outlets outside its home market underperformed.
Finally a bit of good news for the storied American retailer: Sears reported its first quarterly profit in nearly two years on Thursday, buoyed by the sale of its Craftsman brand and a program to cut $1.25B in costs.
A new online survey has found that 31% of people would firmly prefer to have more time than money, and 44% believe experiences are more important than things, revealing new opportunities for retailers.
The window of Topshop’s global flagship store on London’s Oxford Street has been transformed into an interactive pool scene, complete with a 360º VR water slide, “ready to take customers on a fully immersive ride.”