Category: News

The Underrated Power of Customer Reviews

A Stackline report unveils that only 0.2% of shoppers leave reviews despite their vital role in purchase decisions. The value of a five-star review can be substantial, significantly boosting visitor traffic and conversion rates. This highlights the importance of customer feedback in the online marketplace and indicates a need for brands to encourage reviews.

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11 Retailers Facing Elevated Bankruptcy Risk in 2023

The first nine months of 2023 witnessed notable retailers like David’s Bridal and Bed Bath & Beyond filing for bankruptcy, with more possibly following suit. This uptick is due to rising operational costs and looming economic uncertainties. High debt levels further exacerbate the situation for retailers, with 11 of them, including Farfetch, Joann, Rite Aid, Big Lots, Kirkland’s, and Petco showing significant bankruptcy risk.

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Overstock Officially Rebrands as Bed Bath & Beyond

In a significant move, online-only retailer Overstock has officially rebranded as Bed Bath & Beyond, following its recent purchase of Bed Bath & Beyond’s intellectual property. This merger marks a transformational moment, consolidating both companies into a single online shopping destination under the renowned Bed Bath & Beyond name. While Overstock’s acquisition did not include physical stores, the newly formed Bed Bath & Beyond remains an online-only retailer.

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