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Latest Retail News

Staying on top of breaking news in the retail industry is a commitment Retail TouchPoints editors take seriously. Each day, we publish the latest information in this retail news section. Up-to-the-minute stories cover retail implementations, new product announcements, financial updates, executive appointments and overall global updates affecting every aspect of the retail industry.

Amazon Cancels Plans For New York City Headquarters

Amazon Cancels Plans For New York City Headquarters

February 14 // Written by Bryan Wassel

CVS Health Pilots 3 HealthHUB Stores In Houston

CVS Health Pilots 3 HealthHUB Stores In Houston

February 14 // Written by Bryan Wassel

Toys ‘R’ Us Gets A Second Chance As Tru Kids

Toys ‘R’ Us Gets A Second Chance As Tru Kids

February 13 // Written by Bryan Wassel

Walmart And Deliv Mutually Terminate Delivery Partnership

Walmart And Deliv Mutually Terminate Delivery Partnership

February 12 // Written by Bryan Wassel

Walmart Launches MoDRN Private Label Home Brand

Walmart Launches MoDRN Private Label Home Brand

February 11 // Written by Glenn Taylor

Target Expands Loyalty Pilot To Five Additional Markets

Target Expands Loyalty Pilot To Five Additional Markets

February 06 // Written by Bryan Wassel

NRF Forecasts 2019 Retail Sales Growth Of 3.8% To 4.4%

NRF Forecasts 2019 Retail Sales Growth Of 3.8% To 4.4%

February 06 // Written by Glenn Taylor

Apple Retail Chief Stepping Down In April

Apple Retail Chief Stepping Down In April

February 06 // Written by Glenn Taylor

FULLBEAUTY Brands Enters And Exits Bankruptcy In 24 Hours

FULLBEAUTY Brands Enters And Exits Bankruptcy In 24 Hours

February 05 // Written by Bryan Wassel

Charlotte Russe Files For Bankruptcy, Will Close 94 Stores

Walmart Holiday E-Commerce Revenue Jumps 43%, Comp Sales Growth Is Up 4.2%

While last week provided some discouraging, but potentially skewed, numbers related to sinking December retail sales, Walmart saw significant Q4 growth, suggesting that shoppers were spending for basics and lower-end goods vs. luxury items. The retail giant saw U.S. comparable sales rise 4.2%, beating Wall Street analyst expectations of 3.2%,…
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Eddie Lampert Steps Down As Sears Chairman

In the wake of gaining approval to purchase Sears in a $5.2 billion lifeline bid, Chairman Eddie Lampert has stepped down from its Board of Directors, according to a company securities filing. Lampert had already stepped down as CEO of Sears when the company filed for bankruptcy in October 2018, but remained as Chairman to keep the business afloat during the auction process. Lampert placed the winning bid for the retailer through his hedge fund, ESL Investments, after numerous previous attempts were rejected, so he will still serve as the owner of Sears Holdings as a private company.

Retail Has Biggest Monthly Sales Dip In 9 Years — But Did Government Shutdown Skew The Numbers?

Retail got hit with a rough — albeit controversial — dose of news indicating that many merchants didn’t have a jolly holiday season after all. Overall retail sales fell 1.2% in December, marking the industry’s biggest monthly drop since September 2009, according to the U.S. Commerce Department. The department also said, excluding gasoline station sales, retail sales fell 0.9% in December.Economists polled by Reuters had forecast that retail sales would increase 0.2% during the month. The December retail sales report was delayed by the 35-day partial shutdown of the federal government that ended on Jan. 25. Additionally, retail industry analysts are questioning whether the shutdown affected the completeness of the government’s data gathering, which could have skewed the numbers downward. No date has been set for the release of the January retail sales report.

Recess Opens First CBD-Infused Beverage Shop In New York City

  • Published in News Briefs
Recess, an e-Commerce cannabidiol (CBD)-infused drink retailer, has opened its first brick-and-mortar store in New York City, according to CNBC. The brand sells sparkling beverages made with hemp extract and L-theanine that come in flavors such as blackberry chai. Recess plans to expand its product selection in the future.
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Amazon Cancels Plans For New York City Headquarters

  • Published in News Briefs
Amazon is pulling out of its plans to build one of its HQ2 headquarters in Long Island City, Queens. The retail giant doesn’t plan to reopen its search, but will proceed as planned with its Northern Virginia and Nashville campuses. In a process that took more than a year, the…
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CVS Health Pilots 3 HealthHUB Stores In Houston

  • Published in News Briefs
CVS Health has opened three pilot locations in Houston with more than 20% of the store space dedicated to health services. The HealthHUB locations feature a broad range of health care services, additional product categories, digital tools and on-demand health kiosks, advice and personalized care.
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Toys ‘R’ Us Gets A Second Chance As Tru Kids

  • Published in News Briefs
Toy ‘R’ Us has returned from its 2018 demise as Tru Kids Brands, the new parent company of Toys ‘R’ Us, Babies ‘R’ Us and more than 20 toy and baby brands. The new company will be headquartered in New Jersey and run by a team of former Toys ‘R’…
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Walmart Launches MoDRN Private Label Home Brand

  • Published in News Briefs
Walmart is heating up competition in the home furniture and furnishings space with the launch of MoDRN, a private label brand featuring nearly 650 products including beds, sofas, dining sets, barware and countertops. The retail giant certainly has plenty of established opposition in the home space, including West Elm, Wayfair…
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Bankruptcy Court Approves Lampert’s $5.2 Billion Lifeline Bid To Buy Sears

A federal bankruptcy court judge has approved Eddie Lampert’s $5.2 billion bid to buy Sears, a deal that is expected to preserve approximately 425 stores and 45,000 jobs. Judge Robert Drain heard concerns throughout the three-day hearing from the retailer’s unsecured creditors, but determined that Sears has a credible plan…
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11 Honoré Partners With Shopify To Host ‘Runway Commerce’ Experience At NYFW

New York Fashion Week (NYFW) kicks off in the Big Apple this week, and companies such as Shopify are getting in on the action with unique partnerships to celebrate the event. For the first time, Shopify will debut a “runway commerce” experience and interactive pop-up alongside 11 Honoré, a luxury, size-inclusive…
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Target Expands Loyalty Pilot To Five Additional Markets

  • Published in News Briefs
Target will expand its Target Circle loyalty program pilot from Dallas to five additional markets on Feb. 19. Stores in Charlotte, N.C., Denver, Indianapolis, Kansas City, Mo. and Phoenix will all offer the new perk system, which is open to all loyalty members. While the new program includes 1% back…
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NRF Forecasts 2019 Retail Sales Growth Of 3.8% To 4.4%

  • Published in News Briefs
The National Retail Federation (NRF) has forecast that 2019 retail sales will increase 3.8% to 4.4% to reach more than $3.8 trillion. The online sales growth rate is expected to be 10% to 12%. Overall NRF projections outpace the 3.3% growth anticipated by eMarketer, but fall behind the 4.5% to…
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Apple Retail Chief Stepping Down In April

  • Published in News Briefs
After leading Apple’s retail and online stores for five years, Angela Ahrendts, the tech giant’s Senior VP of Retail, will leave the company in April for “new personal and professional pursuits,” according to a company statement. Deirdre O’Brien, VP of People, will take on an expanded role as a Senior…
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