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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.

Microsoft, XnFinity Will Launch Retail Innovation Lab

Microsoft, XnFinity Will Launch Retail Innovation Lab

June 17 // Written by Brianna Ruback

100+ Goodwill Stores Take Merchandise Mobile

100+ Goodwill Stores Take Merchandise Mobile

June 14 // Written by Brianna Ruback

Walmart Absorbs Jet.com Operations Within Walmart.com
Kohl’s Will Shutter Off/Aisle Off-Price Stores

Kohl’s Will Shutter Off/Aisle Off-Price Stores

June 12 // Written by Glenn Taylor

Poshmark Expands Marketplace Into Home Décor

Poshmark Expands Marketplace Into Home Décor

June 11 // Written by Glenn Taylor

Amazon Shuts Down U.S. Restaurant Delivery Service

Amazon Shuts Down U.S. Restaurant Delivery Service

June 11 // Written by Brianna Ruback

CVS Aims For 1,500 HealthHUBs By The End Of 2021

CVS Aims For 1,500 HealthHUBs By The End Of 2021

June 05 // Written by Bryan Wassel

Walmart Testing Grocery Subscription Service In 4 Markets

Walmart has launched a grocery subscription service pilot called Delivery Unlimited, according to TechCrunch. The service waives the standard per-order delivery fee in favor of a $98 annual subscription, or $12.95 per month. The plan is otherwise identical to the retailer’s other grocery delivery options, though it is currently only…
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Microsoft, XnFinity Will Launch Retail Innovation Lab

XnFinity and Microsoft have agreed to launch a Retail Innovation Lab and Incubation for both online and brick-and-mortar retailers. Designed to help innovators gain insights on customer behavior and engagement, the Lab will focus on R&D around AI and digital transformation. The Lab already has a portfolio of solutions in…
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100+ Goodwill Stores Take Merchandise Mobile

More than 100 Goodwill locations across the U.S. will upload secondhand merchandise such as clothing, jewelry and furniture to OfferUp, a mobile marketplace for local buyers and sellers. Via OfferUp, mobile shoppers now can browse their local Goodwill store’s inventory in the app alongside other sellers’ products. 
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Webinar Series Spotlights Israeli E-Commerce Innovators

  • Published in News Briefs
The first Israel eCommerce Innovation Virtual Summit, consisting of seven live webinars from leading Israeli startups, will take place June 24-27, 2019. Topics will include personalization, visual search, customer data platforms, online journey hijacking prevention and global commerce. Retail case studies from Men’s Wearhouse and APMEX will be featured along with presentations…
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Walmart Absorbs Jet.com Operations Within Walmart.com

Nearly three years after acquiring Jet.com for $3.3 billion and integrating its “smart cart” technology and supply chain teams, Walmart will officially fold the rest of Jet.com’s teams — including retail, marketing, technology, analytics, product and several others — into the Walmart.com business. As part of the absorption, Simon Belsham’s…
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Kohl’s Will Shutter Off/Aisle Off-Price Stores

  • Published in News Briefs
Kohl’s is closing its four Off/Aisle stores, ending the department store’s off-price experiment after four years.The four Off/Aisle locations — three located in Wisconsin and one in New Jersey — will close Aug. 3, Jon Grosso, an EVP and Director of Store Operations, told staff in an internal memo. The retailer launched…
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Poshmark Expands Marketplace Into Home Décor

Poshmark is expanding beyond fashion with the launch of its latest “Market,” dedicated to home décor. The Home Market is the latest in a series of new category launches for Poshmark, joining women’s, men’s, kids, luxury, kicks, prom, maternity, petite, plus-size, activewear, makeup, gifts, boutiques and wholesale. The mobile app-driven…
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Amazon Shuts Down U.S. Restaurant Delivery Service

Amazon will discontinue Amazon Restaurants, its in-house food delivery service, as of June 24, an Amazon spokesperson said in a statement shared with GeekWire. The decision comes six months after Amazon Restaurants closed its London operation in December 2018. Launched in 2015, Amazon Restaurants operates in 20 U.S. cities, providing…
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Ulta Beauty Powers Personalization With Expanded Google Cloud Partnership

Ulta Beauty is expanding its partnership with Google Cloud amid increased engagement with customers in-store and online, along with the development of its Virtual Beauty Advisor tool designed to deliver tailored recommendations and help shoppers choose the right products. Ulta is presently using Google Cloud solutions to power personalization initiatives and…
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Stop & Shop Will Launch Same-Day Online Pickup At 175 Stores By 2020

Stop & Shop will introduce same-day online pickup at select stores in the Northeast as part of the company’s initiative to roll out 175 click-and-collect locations by the end of 2019. The service will begin in Connecticut at the grocery giant’s South Windsor store and will join 10 Stop & Shop locations in Massachusetts, eight in Rhode…
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UK Bookstore Chain Parent Buys Barnes & Noble For $683M

Barnes & Noble has been acquired by Elliott Advisors Ltd., the parent company of UK-based bookseller Waterstones, for $683 million including debt. James Daunt, CEO of Waterstones, will assume the role of CEO of Barnes & Noble following the completion of the transaction, which is expected to close in Q3…
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Mastercard Prescribes Digital Wellness To Boost Payment Security

Mastercard has launched the Mastercard Digital Wellness program, which combines technology and resources designed to streamline online payment processes while beefing up security. As part of the program, Mastercard will deploy EMVCo’s specification, which replaces key-entry guest checkout with a consistent, simple experience no matter where a consumer shops online,…
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True Religion Appoints New Interim CEO, Still Seeks Permanent CEO

True Religion has appointed Farla Efros as Interim CEO, succeeding Chelsea Grayson in the role. Grayson, former CEO of American Apparel, is resigning to pursue other opportunities after seven months of serving the interim role. Grayson joined True Religion in late 2018 when CEO John Ermatinger announced his retirement. While Efros leads True Religion, she will remain President of HRC Retail Advisory, a retail consulting firm she has worked with for almost 10 years. Efros was a consultant for True Religion and has more than 20 years of experience working with retailers and CPG companies. The Los Angeles-based streetwear and denim company is still seeking a permanent CEO.
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