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Retail & Ecommerce
Mother's Day beats Valentine's Day in U.S. flower sales, and it's, by far, the biggest day for another company.
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Retail & Ecommerce
Joining Stitch Fix didn’t change what customers spent at traditional fashion retailers, but it dramatically increased how much they spent on fashion overall."
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Retail & Ecommerce
Historically, whales have gotten a bad rap. In Greek mythology, whales were depicted as ferocious sea monsters, and we all know how Moby Dick ends. However, for many consumer businesses, the “whales” are a prized catch. The term refers to the big spenders, high-rollers, and frequent flyers responsible for an outsized share of a company’s sales.
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Retail & Ecommerce
As America’s biggest retailer, Walmart has outsold Amazon in past holiday seasons. But debit and credit card transactions show Amazon is narrowing the gap.
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Retail & Ecommerce
lack Friday has a longstanding reputation as the biggest shopping day of the year, but does it really live up to the hype? Turns out, the answer is yes.
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Retail & Ecommerce
Black Friday backlash has been on the rise in recent years, and perhaps no store has been a stauncher opponent than REI, which will be closed on Thanksgiving and Black Friday for the third year in a row. While closing on Black Friday has been a principled—rather than promotional—move, the decision didn’t hurt the company’s bottom line. Against odds, the first closure in 2015 actually coincided with an increase in year-over-year sales for Black Friday week.