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NEW DATA: Why 66% Of Consumers Buy Their Clothes Online

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It isn’t an easy year to be an apparel retailer. Americans spend about half as much on apparel and accessories today than they did 30 years ago, and former retail giants in the space are struggling to keep up with digital competitors like Amazon. So what’s an apparel merchant to do in these tough times? Go omni, of course.

Online 109
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Is Bridal Retail Ready For Digital Disruption?

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And that 4-figure dress cost is interesting in light of another emerging trend in retail — the apparent emergence and flooding of the market with lower-cost and discount wedding dress options. Wedding dresses in the past, explained Brittanny Carter, industry analyst at IBISWorld, were sort of a tricky proposition for retailers.

Retail 100
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J.Crew E-Store Leaves Bridal Business At The Altar

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Although it is credited with being one of the first companies to offer wedding and bridal party dresses online, J.Crew’s e-store is ending its love affair with the bridal business, which was among the first of its kind when it launched back in 2004. According to a report by the research company Edited, retailers charge an average of 3.9

New York 159
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With ‘Cryptokicks’ Application, Nike Signals It May Be Launching Its Own Currency

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The application was filed on April 19, and in it the company also describes a potential digital currency, and how it would be used online. Any competitors in the market who want to challenge the application have 30 days to do so. Footwear giant Nike has submitted an application to trademark the term “cryptokicks,” according to reports.

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Singapore Enterprise Buys TGI Friday’s; Capgemini Acquires Altran 

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Universal Success Enterprises was founded by Prasoon Mukherjee in 2000 and started investing in India in 2004 with the creation of Kolkata West International City, a 377-acre township in Howrah. billion people is the remaining global opportunity for smartphone makers amid a surge in the country’s online retail market.

Taxes 108
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Uber of X: greenRush is The Uber of Cannabis

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Not until 2004 did cannabis become legal for non-medical use in certain areas of the country. One company that’s looking to capitalize on the cannabis market is startup on-demand delivery company greenRush. One of their biggest ventures was an online platform aggregating New Years Eve parties across the globe.

Las Vegas 140
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Cashing In On Returns: Marketplaces Reinvent Inventory Liquidation

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Those unwanted products, in turn, can create headaches for retailers — and a business opportunity for the so-called secondary market. Retailer overstocks and excess inventory help to drive B-Stock, which facilitates the sale of some 70 million items each year via online auctions of various product categories and types.

Retail 101