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How AI is redefining the role of physical stores, and what retailers should know

Artificial intelligence (AI) is not only changing how we shop online, but it's also transforming physical retail. While stores are still viewed as essential “anchors” for commerce in 2030, AI, together with shifting consumer behaviours, continues to reshape the purpose of physical retail. A new study released by ICSC and McKinsey & Company,...

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Fashion |REPORT

5 trends shaping what US consumers will shop for in 2026

An industry forever in flux, external influences from geopolitical situations to economic downturns and climate change continue to have a rippling effect across the fashion industry. What, how, when, and where consumers shop remains the main challenge faced by brands and retailers. To help fashion companies navigate and find their way through...

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Business

U.S. retail braces for tariff disruption as consumers pull forward demand

Fashion and retail professionals are watching closely as fresh U.S. tariff threats begin to ripple through consumer behavior and supply chain strategy. Recent visitation data from Placer.ai suggests that the industry is already feeling the effects. According to Placer.ai, foot traffic in the week of March 24–30, surged at warehouse clubs and...

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Retail

How consumers want to shop for fashion in-store

Fashion and sportswear consumers are increasingly embracing a hybrid approach to shopping, with 72 percent expressing a preference for both online and in-store experiences, according to recent research. This shift underscores a desire for consistency across channels, driven by the allure of physically interacting with products. Touching and...

Retail

Tokyo tops list of world's best luxury shopping city

Tokyo has topped the list of the world’s global luxury shopping destinations, according to data from high-end travel curator Lartisien. In an analysis of cities renowned for their prestigious designer boutiques, Lartisien said the Japanese shopping capital boasts 217 designer stores, with Tokyo's Ginza district emerging as the ultimate luxury...

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Retail

New York’s Fifth Avenue is the world’s most expensive retail street

New York’s Fifth Avenue has reclaimed its position as the world’s most expensive retail street. The data was released by global commercial real estate services firm Cushman & Wakefield, who said the average rents of 2,000 dollars per sq ft beat Hong Kong’s 1,436 dollars per sq ft and Milan’s via Montenapoleone at 1,380 dollars per sq ft. It is...

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Retail

New study shows consumers taking digital habits in-store

U.S. consumers are four times more likely to use online ordering and curbside pickup in comparison to other regions, according to a new report. The data comes from the 2022 Global Digital Shopping Playbook, a PYMNTS and Cybersource collaboration, and is part of a six-nation study of more than 13,000 consumers and 3,100 businesses in six major...

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Business

Shanghai to lead China's duty-free economy, boosting local luxury consumption

With the fate of luxury brands increasingly reliant on Chinese shoppers, news that one of its biggest cities is adopting a duty-free shopping economy as part of government plans to foster domestic spending, is good news. With global economies in turmoil and disarray, China is leading the tax free movement with the city of Shanghai announcing...

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Retail

On a deserted Oxford Street, department stores are downsizing

London’s West End, in particular the shopping thoroughfare of Oxford Street, Soho and Mayfair, was, in pre-covid times, a haven for shoppers and fashion. But not anymore. With stores closed and a retail industry facing unsurmountable pressures, the UK’s world-class shopping destination is under threat. Oxford Street is perennially empty, with...

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Retail

Buying in lockdown: what brands expect from the FW21 order season

Fashion weeks are crucial for retail fashion buyers to connect with brands, seek out trends, feel garments, and assess inventory for the coming season. For this FW21 season, due to travel restrictions and lockdowns taking place worldwide, buyers have had to adjust to mostly digital shows and remote buying appointments. Retailers are under...

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Business

2020, the year of livestream shopping

Livestream commerce has exploded in 2020, boosted by brands seeking new ways to deliver digital interactive shopping experiences to consumers who have been confined to their homes. The commercial opportunity for brands is significant, with China’s Commerce Ministry reporting that the number of e-commerce livestreaming sessions topped 4 million...

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Fashion |INTERVIEW

AW21 purchasing season: Trend forecaster Christine Boland lists the trends

After a hot summer, the winter of 2020 is approaching. But for the fashion industry, the purchasing season for AW21 is already slowly beginning. Several trade fairs have announced that they will once again take place physically in January in combination with a digital presence. FashionUnited talks to trend forecaster Christine Boland about AW21...