The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
The weather, Amazon and the sluggish economy were all cited as reasons for this season's weak retail earnings. However, another, less-talked about threat is hovering over the beleaguered sector: so-called resale sites.
This subset of e-commerce, which is aimed at consumers who interact socially to buy and sell items online, is on the rise thanks to fashion apps like Poshmark, thredUp and Tradesy. While the notion of consumers selling items online is not a new phenomenon, experts say this method of shopping is more focused, because users seek out a particular style rather than search for a specific item.
"It's almost like you can follow a stylist, peek into their closet and get items cheaper. It's like having a personal shopper," says Stacey Widlitz, president of SW Retail Advisors.
Katherine Power and Hillary Kerr, co-founders of Clique Media Group, told CNBC the retail landscape has shifted in profound ways. Part of the problem for traditional retailers is that they choose to go out and find the audience that will come to them based on the brand that exists. But new and more nimble online retail companies are creating products specifically catered to a group.
Power and Kerr, who operate the fashion website WhoWhatWear.com, said social media is of paramount importance in this changing retail space. As the landscape evolves, Power says we may see certain brands die off, thus creating space for new players in the marketplace.
"If you don't evolve there will be new up-and-comers who will come out and speak to that generation exactly how they want to be spoken to," Power said.
It's all part of a greater boost to online shopping because of social networks, says Poshmark founder and CEO Manish Chandra. The Poshmark app has roughly 1.5 million users, and allows shoppers to follow each other's 'closets' to buy, sell and share new and used clothing and accessories.
Chandra says people want that social experience, and brands are being slow to react—even though many retailers have aggressively pushed their own online sales.
While mobile shopping is a growing trend, it still makes up a small subset of online shopping and overall retail sales. According to Comscore data, 19 percent of total digital commerce spending is from mobile, whereas desktop shopping drives 81 percent of total digital commerce spending.
Nate Forbes, a mall developer and Managing Partner at The Forbes Company, says traditional retailers are trying to find a new normal in an increasingly mobile world.
"The whole sector is being dragged down and we're at a point in time where the consumers and the total industry is trying to figure out what the future of the mall business is," Forbes told CNBC's "Closing Bell" recently.
Forbes, however, thinks this lull will be short lived. He added that once a new normal is found, retailers will eventually see sales increases in stores. A combination of fast fashion, getting items into stores quickly from the runway, and luxury will be key drivers in getting shoppers physically into malls, he added.