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When Home Depot announced last month its plans to acquire HD Supply Holdings , it wasn’t just a sign of expansion for the home improvement retailer. It was also indicative of a growing trend of B2C merchants expanding into the B2B realm in an effort to take advantage of a surging market. The Outsourced FinTech Opportunity.
The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. The used-fashion market in the U.S. is expected to reach $64 billion by 2028, according to the retail analytics firm GlobalData , CNBC reported.
Online retailers are expanding their brick-and-mortar footprints – and using feedback from eCommerce customers to inform the selections in their new stores. A data team from the eCommerce retailer determines what is sold at the locations, Amazon Physical Stores Director Drew Sheriff told MetroWest Daily News.
The clothing rental market in the United States is projected to reach $4.4 billion by 2028 and millennial women are leading the charge, according to Brittany Johnson, CEO and co-founder of online subscription-based clothing service FashionPass.
clothing rental market is projected to reach $4.4 billion by 2028. It’s not just traditional retail models that are getting makeovers. While Airbnb is practically synonymous with the homesharing market, traditional hotel chains are also getting into the act. The hospitality industry is also undergoing a transformation.
The deal means Alibaba will act as an Olympic sponsor through the 2028 Games in a location that has yet to be determined (though the rumor mill points to Buenos Aires, Argentina as one of the more likely candidates). It is potentially the single biggest, groundbreaking partnership the IOC has done to date.”.
Increasingly, growing demand for improved digital services, and the emergence of FinTechs targeting small businesses, has encouraged traditional banks to develop tools specific to their SMB customer base, which was once too big for retail products and too small for enterprise services. The gig economy continues to expand in the U.S.
That the global skincare market is a large and growing concern is no secret. percent CAGR is considered one of the more conservative estimates — more aggressive forecasts put that figure north of $200 million by 2027 to 2028. And that 4.37 And that 4.37
Here are a few striking initiatives that caught my attention in the last couple of months: Issue biodegradable debit cards While Mastercard will require banks to use sustainable materials in issuing new payment cards by 2028, Bank of New Hampshire has been issuing biodegradable debit cards since last August. Ditto for retail customers.
Google appears to be losing steam in the ongoing race to dominate the online advertising market, and competitors Amazon and Facebook are taking advantage of the stumbles. The program also gives participating retailers a chance to attach themselves to those search queries via sponsored posts. Shifting Dollars.
We see this expanding, and developing; beacon technology is already in play with some retailers, and drone deliveries are no longer just pure fiction. Indeed, deliveries with an hour of order are a stated aim of some retailers and drones may just be the way to get them there.
It’s something Amazon can do because, as an Amazon ad executive told AdExchanger last year, the company closes the loop between the media spent and the retail channel that gets the sale — because they are the retail channel that gets the sale.
GET the 54-page retail TRENDS report. Download the free report to learn about the biggest emerging trends in retail and strategies to watch for 2019. Fueled by social media, consumers want to get a hold of the latest trends as quickly as possible, and retailers must rapidly increase production to meet demand. Source: ThredUp.
Worldwide spending on AR and VR applications for retail showcasing is expected to reach approximately $59B by 2020. In a world where streaming subscriptions such as Netflix and Spotify are extremely popular, 5G’s solutions could open up a whole new market for the video game industry to flourish. Marketing & Advertising.
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