Latest Retail News

Destination Maternity Files For Bankruptcy, May Face Liquidation If Buyer Is Not Found

Published in News Briefs
Monday, 21 October 2019 16:41

Destination Maternity has filed for bankruptcy due to a heavy debt load and fierce competition, according to CNBC. The retailer will try to find a buyer, but will likely be forced to liquidate if it is unable to secure a deal, according to people familiar with the matter. Destination Maternity…

Hudson’s Bay Co. To Be Taken Private By Shareholders

Published in News Briefs
Monday, 21 October 2019 13:42

Hudson’s Bay Co. (HBC) has entered into a definitive agreement to be taken private by a group of shareholders. The shareholders collectively own approximately 57% of the retail group’s common shares, and will purchase the remainder at $10.30 CAD per share, a premium of approximately 62% over HBC’s closing share…

Under Armour Teams With Virgin Galactic To Create ‘Spacewear’ For Future Passengers

Published in News Briefs
Monday, 21 October 2019 12:22

Under Armour has unveiled a spacesuit “engineered for the masses” in collaboration with Virgin Galactic, a space tourism startup a few months away from its first commercial flight. The companies debuted the “spacewear” collection in a production for media and investors at a skydiving facility near New York City.

Macy’s Updates Men’s Flagship Store With A Rotating Selection Of Styles

Published in News Briefs
Friday, 18 October 2019 17:38

Macy’s is furthering its commitment to trendy, ever-changing experiences with a revamped men’s department at its Herald Square flagship. The reimagined layout features new brands, updated visuals and a curated space for showcasing the latest trends called The Park. The 14,500-square-foot Park will feature products from designers including Scotch &…

Suitability, Transparency And Inclusion Rank As Biggest Non-Price Beauty Purchase Drivers

Published in News Briefs
Friday, 18 October 2019 17:33

The decision-making process behind buying a beauty product has numerous variables attached, and like many other shopping decisions, price wins out: 75% of U.S. shoppers make their beauty purchasing decisions based on price, according to a survey from Teads. But although pricing remains the chief mover, shoppers also will buy…

Barneys Enters Deal To Sell Assets To Authentic Brands, B. Riley For $271 Million

Published in News Briefs
Friday, 18 October 2019 12:55

Barneys New York has reached a preliminary agreement to sell its assets to brand development firm Authentic Brands Group and investment bank B. Riley Financial for approximately $271.4 million in cash, according to a U.S. bankruptcy court filing. The deal is a “stalking horse purchase agreement,” which is used as…

Remodista Honors Six Female Innovators

Published in News Briefs
Friday, 18 October 2019 10:18

Remodista recognized six influential female leaders with its annual Women2Watch Innovation Awards at the 2019 Women2Watch Program. The program has featured more than 400 women speakers in panels and keynotes over the past four years. This year’s winners were:

B8ta Introduces ‘Forum’, A Fashion And Lifestyle Concept Store

Published in News Briefs
Thursday, 17 October 2019 14:48
Written by Glenn Taylor

B8ta isn’t shy about entering new categories, first bringing its retail-as-a-service platform to traditional names such as Lowe’s and Macy’s while building out its own stores, then partnering with Tru Kids Brands to resurrect Toys ‘R’ Us ahead of the holiday season. On Nov. 15, the company will make perhaps…

JOANN Upgrades Customer Service With Boosted Personalization And Efficiency

Published in News Briefs
Thursday, 17 October 2019 14:11

JOANN has improved its omnichannel customer service experience through a partnership with Gladly. The platform lets JOANN route queries to the specific customer service agent best-suited to resolve each particular concern, and provides unified reporting across all channels to help JOANN executives better understand how customer service is impacting the…

Gymboree Bounces Back As Store-Within-A-Store Concept At The Children’s Place

Published in News Briefs
Wednesday, 16 October 2019 12:11

The Children’s Place will relaunch Gymboree in early 2020, with an enhanced web site and more than 200 store-within-a-store shops at The Children’s Place locations in the U.S. and Canada. The retailer will also debut an enhanced loyalty program that offers members special offers on their children’s birthdays, exclusive access…

Walmart Brings Back ‘Toy Lab’ Ahead Of Holiday Season

Published in News Briefs
Tuesday, 15 October 2019 12:17

For the second straight holiday season, Walmart has launched an online interactive ‘Toy Lab’ designed to invite kids to test the period’s most-wanted toys from their tablet or computer. The launch comes one week after Target revealed it would fulfill e-Commerce orders made through the newly resurrected Toys ‘R’ Us web site.…

Walmart Launches InHome Delivery Service In Three Cities

Published in News Briefs
Tuesday, 15 October 2019 12:09

Walmart has launched its InHome Delivery Service for more than one million customers in Pittsburgh, Vero Beach, FL and Kansas City (both Missouri and Kansas). With the service, Walmart delivers groceries directly into customers’ kitchen or garage refrigerators, addressing issues around delivering perishables that have been a long-time concern for grocers.

Reuters Report: Authentic Brands Group Bids $270 Million For Barneys

Published in News Briefs
Tuesday, 15 October 2019 12:12

Barneys New York is reportedly closing in on a $270 million deal with Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores, people familiar with the matter told Reuters. The bid will go up against a group led by fashion executive Sam Ben-Avraham, who…

UK-Based Lakeland Offers First Loyalty Program

Published in News Briefs
Tuesday, 15 October 2019 11:29

Lakeland has launched its first loyalty program, myLakeland, through a partnership with PCMS. The system is aligned across both the digital and physical channels, allowing shoppers to sign up at one of Lakeland’s 67 stores, online or over the phone. The UK-based home shopping retailer’s program benefits will include regular offer…

Marks & Spencer Launches Omnichannel Payment Service

Published in News Briefs
Monday, 14 October 2019 11:54

Marks & Spencer has partnered with Ingenico Group to launch a payment service encompassing all of the UK retailer's touch points and digital channels. The Ingenico payment platform allows customers to pay when and where they want and also can give Marks & Spencer a better understanding of its customers’ preferences and…

Report: Victoria’s Secret Cuts HQ Staff, Store Ops Exec Steps Down

Published in News Briefs
Friday, 11 October 2019 15:36

Victoria’s Secret has laid off approximately 50 employees at its Columbus, Ohio headquarters, according to CNBC, which also is reporting that April Holt, EVP of Stores and Store Operations, will soon be leaving her position. Holt has been with Victoria’s Secret for 16 years and has held the Stores role…

Walmart Promotes Sam’s Club Leader To Walmart U.S. CEO

Published in News Briefs
Thursday, 10 October 2019 17:34

John Furner, who began as a Walmart hourly associate in 1993 and most recently served as President and CEO of Sam’s Club, will become President and CEO of Walmart U.S., reporting directly to Walmart CEO Doug McMillon. The move will be effective Nov. 1. The current Walmart U.S. leader, Greg Foran,…

Rue21 Deploys Platform To Enhance Digital Commerce Experience

Published in News Briefs
Thursday, 10 October 2019 12:47

To enhance the online shopping experience for its customers, rue21 has deployed the GroupBy User Experience Platform, including Search, Navigation, Recommendations, and Personalization for eCommerce. Rue21 also will employ GroupBy’s headless software solution to help enable a personalized search experience that is unique to each customer.

Bed Bath & Beyond Taps Target CMO As President And CEO

Published in News Briefs
Thursday, 10 October 2019 12:12

Bed Bath & Beyondhas appointed Mark Tritton as President and CEO, effective Nov. 4. He brings more than 30 years of experience to the role, most recently as EVP and Chief Merchandising Officer at Target, and succeeds interim CEO Mary Winston. At Target, Tritton helped the retailer rebuilt its business…

Vodafone Will Close More Than 1,000 Stores

Published in News Briefs
Wednesday, 09 October 2019 13:25

British-based telecom retailer Vodafone will shutter 15% of its 7,700 stores and upgrade some of the remaining sites. The company will transform stores using data to understand what customers want in each location, with the goal of upgrading 40% of the total by the end of 2021. Approximately 5,000 Vodafone locations…

Walgreens Streamlines E-Commerce Returns With FedEx Solution

Published in News Briefs
Wednesday, 09 October 2019 09:34

FedEx and Walgreens are coming together again in an effort to streamline the customer experience. In September, Walgreens launched a pilot program that allowed FedEx Express customers within designated areas to receive packages via drone in coordination with the Google technology subsidiary Wing. Now, thousands of Walgreens locations nationwide that leverage…

Target To Power Online Sales At Revived Toys ‘R’ Us Web Site

Published in News Briefs
Tuesday, 08 October 2019 14:30

Target will fulfill e-Commerce orders made through the newly resurrected Toys ‘R’ Us. Shoppers who visit the relaunched toysrus.com can browse product reviews and hot toy lists, then get automatically redirected to the same product page on target.com when they’re ready to make a purchase. The partnership means Target RedCard…

Kroger, Walgreens Pull E-Cigarettes From Their Shelves

Published in News Briefs
Tuesday, 08 October 2019 13:03

Kroger and Walgreens have become the latest retailers to discontinue the sale of e-cigarettes, following in the footsteps of Walmart and Rite Aid. Walgreens made the decision “as the CDC, FDA and other health officials continue to examine the issue,” while Kroger noted the “the mounting questions and increasingly-complex regulatory…

Essentiel Antwerp Deploys RFID Inventory Optimization Solution

Published in News Briefs
Tuesday, 08 October 2019 12:37

Essentiel Antwerp, a Belgian fashion retailer, will leverage RFID technology to help improve inventory accuracy and enhance on-shelf product availability. The retailer will roll out the Nedap inventory visibility platform, !D Cloud, early in 2020 when the first tagged items hit stores. The rollout is projected to be completed within…

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