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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.

Retail TouchPoints Named A ‘Must-Read For Retailers’
Neiman Marcus To Close 10 Last Call Stores

Neiman Marcus To Close 10 Last Call Stores

September 19 // Written by Klaudia Tirico

London-Based Rose Retailer Opens First U.S. Location

London-Based Rose Retailer Opens First U.S. Location

September 19 // Written by Klaudia Tirico

Aerosoles Files For Chapter 11, Will Close 74 Of 78 Stores

Aerosoles Files For Chapter 11, Will Close 74 Of 78 Stores

September 18 // Written by Glenn Taylor

Many Organizations Unprepared For EU Data Protection Regulations
Target Escalates Grocery Price Wars With Amazon, Walmart

Target Escalates Grocery Price Wars With Amazon, Walmart

September 11 // Written by Glenn Taylor

NRF Downgrades 2017 Retail Sales Forecast

NRF Downgrades 2017 Retail Sales Forecast

September 08 // Written by Adam Blair

Starbucks To Shutter E-Commerce Store Oct. 1

Starbucks To Shutter E-Commerce Store Oct. 1

September 07 // Written by Glenn Taylor

Kohl’s To Open Amazon Smart Home Experience In 10 Stores

Kohl’s To Open Amazon Smart Home Experience In 10 Stores

September 07 // Written by Klaudia Tirico

Can An Alternative To Amazon Go Play Leapfrog?

Can An Alternative To Amazon Go Play Leapfrog?

August 31 // Written by Glenn Taylor

Retail TouchPoints Named A ‘Must-Read For Retailers’

  • Published in News Briefs
Retail TouchPoints was one of 26 sites named as a Best Retail Blog of 2017 by FitSmallBusiness.com, an online resource with a monthly readership of 800,000 small business owners. “We’ve scoured the net in search of the most interesting and insightful retail blogs to give you the latest on how…
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Walgreens To Buy 1900+ Rite Aid Stores For $4.4 Billion

Nearly two years after initially announcing a merger with Rite Aid, Walgreens has finally received regulatory approval to acquire a significant chunk of its rival’s real estate. While a true pharmacy mega-merger will not occur, Walgreens will purchase 1,932 Rite Aid stores, three distribution centers and related inventory for $4.375 billion in cash. The store purchases are expected to begin in October, with completion anticipated in Spring 2018; the distribution centers’ transition to new ownership won’t begin for at least one year. The stores are located primarily in the Northeastern and Southern U.S., and will be converted to the Walgreens brand in phases.

Neiman Marcus To Close 10 Last Call Stores

  • Published in News Briefs
Neiman Marcus has decided to shutter 10 of its Last Call stores to focus more on its full-line, higher-end stores and merchandise — which also includes the NYC-based Bergdorf Goodman store. The luxury retailer has already closed three of these locations this year, leaving 28 Last Call stores in operation.
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London-Based Rose Retailer Opens First U.S. Location

  • Published in News Briefs
OnlyRoses, a specialty rose gifting brand, has announced it will open its first U.S. location and second non-franchise store in Beverly Hills, Calif. The store — opening January 2018 — will serve as home base for all nationwide shipments, which will be delivered from the company’s new Los Angeles warehouse.
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Verizon, LiquidPixels Debut Optimized Imaging For Multiple Devices

  • Published in News Briefs
Verizon Digital Media Services, an online video streaming and content delivery network, has partnered with LiquidPixels, Inc. to launch a new Verizon Dynamic Imaging option. The technology is designed to improve web site image quality and load speeds as well as reduce the cost and complexity of image storage and…
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Aerosoles Files For Chapter 11, Will Close 74 Of 78 Stores

  • Published in News Briefs
Aerosoles, a women's footwear brand, has filed for Chapter 11 bankruptcy protection, and will close 74 of it 78 stores to focus on its e-Commerce, wholesale and international businesses. Like many retail casualties before it, Aerosoles attributed its bankruptcy to declining mall traffic, industrywide markdowns and a shift toward online…
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L’Oréal Brings Digital Personalization To Hong Kong Millennials

  • Published in News Briefs
L’Oréal has selected Emarsys, a global marketing cloud company, to support its digital transformation strategy by providing highly personalized and automated marketing to consumers in Hong Kong. The company is specifically seeking to more effectively engage with Millennial and youth audiences, according to Julien Raffin, Head of Digital and CRM at…
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Signet Jewelers Acquires James Allen Parent For $328 Million

Signet Jewelers, the parent company of Kay Jewelers, Zales and Jared, has officially acquired R2Net, the parent company of e-Commerce jewelry retailer James Allen, for $328 million. The acquisition brings a tech-savvy online brand with a heavy Millennial following under the Signet umbrella. The deal brings together the fourth- and fifth-largest online jewelers in the Internet Retailer 2017 Top 500, which generated a combined total of $651.1 million in e-Commerce sales in 2016. James Allen saw 50% web sales growth in 2016, well above other major industry players such as jewelry distributor Richline Digital (6.4% growth) and Tiffany & Co. (5% growth), according to the report.

Target Aims To Outrun Competition With ‘Innovation Sprint’

  • Published in News Briefs
Target is partnering with BCG Digital Ventures to conduct a 14-week “innovation sprint,” designed to help the company develop a portfolio of new growth ventures, according to a company blog post. As various types of innovation labs become a greater priority in retail, Target has continued to test out different…
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Office Depot Names New CMO

Office Depot has named Jerri DeVard as its EVP and Chief Marketing Officer. DeVard will report directly to CEO Gerry Smith. DeVard will lead Office Depot’s brand positioning strategy and oversee the integration of all marketing and communications initiatives. She will be responsible for driving the growth and implementation of strategic marketing activities that build brand equity and increase market share.

Former Demandware CEO Joins Mirakl Board Of Directors

Tom Ebling, who served as Demandware CEO from 2010 to 2016will join the Board of Directors at Mirakl, a marketplace platform provider. Under Ebling’s leadership, Demandware scaled from $20 million to $250 million in revenue, went public in 2012, and was acquired by Salesforce.com for $2.8 billion in 2016.

Opterus Appoints VP Of Business Development And Marketing

Opterus, a store information and execution management solution provider, has appointed Gary Stonell as its VP of Business Development and Marketing. Stonell has more than 15 years of experience in sales management and business development for the CPG and SaaS industries.

Cordial Integrates With 7 Partners To Personalize Retail Experiences

  • Published in News Briefs
Cordial, a marketing communications platform, has integrated with seven channel partners, including 250ok, Digioh, Liveclicker, LiveIntent, OneSpot, SparkPost and Urban Airship. Each integration is structured to provide Cordial clients such as REVOLVE, Shoes of Prey, SPY Optic and Teleflora with greater access and ability to create, scale and optimize personalized…
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Target Escalates Grocery Price Wars With Amazon, Walmart

  • Published in News Briefs
Amazon and Walmart have continued trying to one-up each other in a price war that is now affecting the entire grocery industry, but it looks like a third party is intensifying the affair. In a blog post, Target announced it was lowering prices on “thousands of items,” specifically highlighting grocery staples such…
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NRF Downgrades 2017 Retail Sales Forecast

  • Published in News Briefs
Citing revised figures from government sources, the National Retail Federation (NRF) is now projecting that 2017 retail sales will increase by only 3.2% to 3.8% compared to 2016, less than the 3.7% to 4.2% growth that was forecast back in February. “Meaningful revisions to retail sales numbers by the Census…
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Starbucks To Shutter E-Commerce Store Oct. 1

Starbucks is closing its e-Commerce site on Oct. 1, 2017, a rarely seen move in today’s retail landscape. The site sells coffee and coffee products, tea, syrups, drinkware and brewing accessories, and is currently operating a clearance sale until it closes, offering up to 50% discounts on select items. Products…
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Amazon-Owned Souq Takes Wing To Expand Delivery In Middle East

Amazon’s desire to expand its Prime service is rubbing off on its subsidiaries. Middle Eastern e-Commerce powerhouse Souq has acquired Wing, a United Arab Emirates (UAE)-based startup that is building out a courier network for same-day and next-day deliveries for various e-Commerce marketplaces (including Souq.com). Terms of the transaction have not been disclosed. The two companies have partnered in the past, with Souq previously making an undisclosed investment in Wing.
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