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Retailers on average saw a 26.5% increase in Organized Retail Crime in 2021, according the National Retail's Federation most recent survey.One contributor to the rise in retail crime has been the ...
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
In 2024, a record 43% of US fashion companies surveyed by the US Fashion Industry Association sourced less than 10% of their apparel products from China, compared to only 18% in 2018.
The retail industry, driven by customer expectations and the need to manage a growing cost base, has become a fertile ground for technological innovation. And virtually everywhere one looks, from ...
FIN7, also called Carbon Spider, ELBRUS, or Sangria Tempest, [1] is a Russian criminal advanced persistent threat group that has primarily targeted the U.S. retail, restaurant, and hospitality sectors since mid-2015. A portion of FIN7 is run out of the front company Combi Security.
On March 16, 2020, it was reported that retail sales dropped 20.5% after the pandemic hit the country, a percentage that, according to Business Insider, was unseen since the financial crisis of 2007–2008. [82] Retail sales continued to decrease with a 2.8% decline in May 2020 and 1.8% in June from where they were at the same time in 2019. [83]
In addition, because retail enterprises needed to redevelop client relationships for each transaction, marketing costs were high and customer retention was low. All these downsides to transactional marketing gradually pushed the retail industry towards establishing long-term cooperative relationships with customers.
Discount retailer Target has made a name for itself by collaborating with some of fashion's most admired designers. However, it hasn't been easy. Brick-and-mortar chains including Target, Wal-Mart ...