Browsing Tag

shopping

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Costco’s typical shopper is a 39-year-old Asian American woman earning over $125K a year, report says

Costco

If you know a 39-year-old Asian American woman who makes more than $125,000 annually, chances are she shops at Costco.

Who said so: The portrait of the retail giant’s typical shopper comes from Numerator, a Chicago-based market intelligence firm focused on omnichannel marketing, merchandising and sales data. The company says it “wakes up every day looking to provide brands and retailers with the most complete view of the modern consumer.”

Traditional Chinese Papermaker Needs 400 Gallons of Young Boys’ Pee to Make Quality Paper

In preparation for China’s massive online shopping extravaganza next month, a local traditional papermaker has been busy obtaining a key ingredient in his paper products: young boys’ pee.

The man, surnamed Li, is hoping he can gather enough urine before Singles’ Day (Guanggun Jie), the world’s largest offline and online shopping day held in China on November 11.

Chinese Online Seller Goes Above and Beyond to Show ‘Real Photos’ of His Dresses

An online seller, believed to be from China, took his sale to the next level by rocking some beautiful dresses for a customer who asked for “real” photos of his collection.

The photos of the evening gowns were originally posted to a closed Facebook group called ALIEXPRESS AND EBAY LOVERS by a user named Andreea Patriche, who said, “That moment when you ask the Chinese seller real pictures.”

NYC Macy’s Reportedly Fired Asian American Employees For NOT Racially Profiling Chinese Customers

Macy’s has been accused of racially profiling Asian shoppers, based on a lawsuit filed by a high-profile law firm in New York.

The complaint, filed by law firm Wigdor LLP, alleges that managers at Macy’s flagship Herald Square department store in Manhattan gave instructions to store attendants to racially profile Asian customers with the aim to limit their buying.

Jack Ma’s Alibaba is Building a High-Tech Mall of the Future in China

China’s leading e-commerce site, owned by the nation’s richest man, is reportedly opening its first physical mall next year.

Alibaba is now building the five-story mall near its headquarters in Hangzhou, Zhejiang Province, eastern China, according to Beijing news group Caixin. Construction is said to be underway on a 40,000-square-meter (131,233-square-foot) plot of land.

150 Million People in Southeast Asia Shop on Facebook and Instagram

Southeast Asia is a burgeoning market for social commerce with about 30 percent of online sales in the region happening through social media in 2016.

New data from consulting firm Bain & Co. published in the Wall Street Journal, social media websites, such as Facebook and Instagram, are attracting 150 digital consumers in the region into e-commerce by using messaging tools and introducing shopping features.

Macy’s is Closing 40 Stores, Find Out if Your Store is One of Them

Macy’s will be closing 40 of its 770 department stores throughout the country and laying off 4,800 workers after a disappointing 2015 holiday season.

America’s largest department store chain announced in a press release yesterday that they will be enacting cost-efficiency measures by cutting 2,110 jobs at the staffing level at existing stores and 2,710 jobs from store closures. Macy’s Inc, which also owns upscale Bloomingdale’s, plans to cut $400 million in annual costs from store closures after seeing an increase in online and mobile spending during the holidays.

Here’s the Dirty Little Secret Behind Why Outlet Stores Are So Cheap

Outlet stores: The number one destination for people who don’t mind snagging last season’s designer clothes for a discount. You get the quality craftsmanship and materials at half the price. It’s a good deal, right?

That may not be so, according to Vox. Most shoppers may not know that outlet stores sell designer-brand clothing that was specifically manufactured for outlet stores, sometimes by third party producers. They never actually sold for hundreds of dollars at big-name department stores and they probably aren’t made with the same level of quality that you’d expect from a designer.