Latest Retail News

Retail TouchPoints Named A ‘Must-Read For Retailers’

Published in News Briefs
Tuesday, 19 September 2017 16:54

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…

EDCskincare Boosts Engagement, Conversions With New Search Functionality

Published in News Briefs
Tuesday, 19 September 2017 13:02

EDCskincare, an online seller of skincare and cosmetics, teamed up with SearchSpring, a site search, merchandising and analytics provider, to help the company better compete with Amazon and its marketplace through more advanced e-Commerce search.

Walgreens To Buy 1900+ Rite Aid Stores For $4.4 Billion

Published in Mergers & Acquisitions
Tuesday, 19 September 2017 12:58

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
Tuesday, 19 September 2017 12:17

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.

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

Published in News Briefs
Tuesday, 19 September 2017 12:07

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.

Post Bankruptcy, Babies ‘R’ Us Brand May Be Key To Toys ‘R’ Us Turnaround

Published in News Briefs
Tuesday, 19 September 2017 10:41
Written by Glenn Taylor

Toys ‘R’ Us has filed for Chapter 11 bankruptcy protection, the latest retailer to restructure its organization after years of declining sales and traffic. As the company seeks a turnaround, it may look to its secondary brand for salvation. Approximately 1,600 global Toys ‘R’ Us and Babies ‘R’ Us stores,…

Radial Launches Suite Of Solutions To Enhance E-Commerce Strategies

Published in News Briefs
Monday, 18 September 2017 14:09

Radial, an omnichannel commerce technology and operations provider, has announced the launch of Radial Edge, a suite of solutions designed to help users build a retail strategy with tools that drive profitability.

Verizon, LiquidPixels Debut Optimized Imaging For Multiple Devices

Published in News Briefs
Monday, 18 September 2017 12:32

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…

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

Published in News Briefs
Monday, 18 September 2017 11:32

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…

GRAMMY Museum Boosts Attendance After Implementing Digital Signage

Published in News Briefs
Friday, 15 September 2017 12:26

The GRAMMY Museum at L.A. LIVE has implemented digital signage from Toshiba America Business Solutions. The museum’s staff reported a steady increase in attendance for all events since the implementation, according to GRAMMY Museum Executive Director Scott Goldman.

L’Oréal Brings Digital Personalization To Hong Kong Millennials

Published in News Briefs
Friday, 15 September 2017 10:36

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…

Many Organizations Unprepared For EU Data Protection Regulations

Published in News Briefs
Friday, 15 September 2017 09:57
Written by Klaudia Tirico

With the General Data Protection Regulation (GDPR) deadline approaching — deadline is set for May 25, 2018 — a new study from WatchGuard Technologies has found that many organizations are confused and unprepared.

Signet Jewelers Acquires James Allen Parent For $328 Million

Published in Mergers & Acquisitions
Thursday, 14 September 2017 16:07
Written by Glenn Taylor

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
Thursday, 14 September 2017 13:11

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…

Office Depot Names New CMO

Published in Retail Movers & Shakers
Thursday, 14 September 2017 11:35

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.

Rebecca Minkoff Introduces In-Store Mobile Payments For Chinese Travelers

Published in News Briefs
Thursday, 14 September 2017 09:34

Global lifestyle brand Rebecca Minkoff has partnered with Alipay, a third-party payment platform, to allow Chinese shoppers to use their Alipay Mobile Wallet to make purchases in the retailer’s U.S. stores and e-Commerce site.

Former Demandware CEO Joins Mirakl Board Of Directors

Published in Retail Movers & Shakers
Wednesday, 13 September 2017 16:55

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

Published in Retail Movers & Shakers
Tuesday, 12 September 2017 16:26

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.

Vitamin World Files For Bankruptcy, While Toys ‘R’ Us Mulls The Option

Published in News Briefs
Tuesday, 12 September 2017 12:41
Written by Glenn Taylor

Vitamin World has filed for Chapter 11 bankruptcy to restructure its business, one week after CEO Michael Madden told The Wall Street Journal that the retailer would seek this protection. The privately held vitamins and supplements retailer announced it would close 51 of its 334 stores after it was unable…

Cordial Integrates With 7 Partners To Personalize Retail Experiences

Published in News Briefs
Tuesday, 12 September 2017 09:31

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…

Target Escalates Grocery Price Wars With Amazon, Walmart

Published in News Briefs
Monday, 11 September 2017 12:16

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…

NRF Downgrades 2017 Retail Sales Forecast

Published in News Briefs
Friday, 08 September 2017 10:06

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…

Starbucks To Shutter E-Commerce Store Oct. 1

Published in News Briefs
Thursday, 07 September 2017 16:14
Written by Glenn Taylor

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…

Amazon-Owned Souq Takes Wing To Expand Delivery In Middle East

Published in Mergers & Acquisitions
Thursday, 07 September 2017 14:08

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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