Market News

Ads Coming to Prime Video in 2024, but Amazon Promises ‘Meaningfully Fewer’ than on Other Streamers

Amazon is following the lead of nearly every other streaming service — including Disney+, Netflix and HBO’s Max — in announcing that…

Mastercard Forecasts ‘Solid’ Holiday as Consumers ‘Recoup Their Power’

This holiday season, U.S. retail sales from Nov. 1 to Dec. 24 (excluding automotive) are forecast to increase 3.7% from last year,…

TikTok Hit with €345 Million Fine for Data Privacy Violations in Europe

The Irish Data Protection Commission (DPC) has fined ByteDance-owned TikTok €345 million (approximately $368 million) for a series of violations of children’s…

Nordstrom Promotes 3 Long-Time Executives to New Merchandising, Stores Roles

Nordstrom, Inc. has announced a series of executive leadership appointments across its merchandising and store organizations, effective immediately, including the promotions of…

Fanatics Names Opendoor, GoDaddy Veteran as New Commerce CEO

Fanatics has appointed Andrew Low Ah Kee as CEO of Fanatics Commerce, the company’s largest business unit, effective immediately. Low Ah Kee…

BJ’s Names New Chief Information Officer

BJ’s Wholesale Club has appointed Anjana Harve as EVP and CIO, effective immediately. In her new role, Harve will be responsible for…

Rent the Runway Plans to Sacrifice 2023 Revenue to Meet 2024 Profitability Goal

Rent the Runway has lowered its revenue expectations for 2023, now saying it plans to at least match 2022 revenues of $296.4…

Alibaba Cloud Unit CEO Steps Down; Freshippo IPO Reportedly Delayed

Alibaba’s former Chairman and CEO Daniel Zhang has stepped down from his roles with the company. Zhang, who had been named CEO…

Barneys New York Finds a New Home at Forever 21

Just in time for New York Fashion Week, the iconic, now defunct luxury department store Barneys New York has made its return…

Party City to Emerge from Bankruptcy with Most Stores Intact

A bankruptcy judge in the Southern District of Texas has approved Party City’s plan to emerge from bankruptcy, multiple sources report. The…

Lawmakers Urge SEC to Require Shein Prove it Doesn’t Use Forced Labor Before a U.S. IPO

A bipartisan group of 22 lawmakers from the U.S. House of Representatives has issued a letter to the Securities and Exchange Commission,…

National Furniture Chain Mitchell Gold + Bob Williams Folds Under Financial Pressures

High-end furniture retailer Mitchell Gold + Bob Williams has abruptly shut down and laid off more than 500 employees in North Carolina,…

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Packaging Sustainability Trends: Clear Labeling, Lighter Products and More Post-Consumer Recycled Content

If an Image is Worth 1,000 Words, Then Color and Lighting Speak Volumes

Connected Shoppers Report

Demystifying Connected TV: How to Leverage Advertising’s Hottest New Channel

Amazon and Walmart Could See $580 Billion Impact from AI by 2029

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NRF: Retail’s Big Show 2024

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