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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 Simplifies International Purchases Of U.S. Goods
Walmart To Invest $200 Million In Florida Operations

Walmart To Invest $200 Million In Florida Operations

April 12 // Written by Bryan Wassel

Sears Puts 16 Stores Up For Sale — Online

Sears Puts 16 Stores Up For Sale — Online

April 12 // Written by Glenn Taylor

Fred Segal Opens Sunset Strip-Themed Pop-Up

Fred Segal Opens Sunset Strip-Themed Pop-Up

April 11 // Written by Bryan Wassel

Crate And Barrel Selects New Provider Of Credit Cards
Adyen Named Gold-Level Member Of Oracle Retail Network

Alibaba Strengthens Presence in Thailand With $320 Million Investment

  • Published in News Briefs
Alibaba is investing $320 million in the Thai government’s Eastern Economic Corridor, according to Reuters. The deal will strengthen the presence Alibaba already has established in Thailand through Lazada, one of the nation’s largest e-Commerce businesses. Alibaba will serve as a digital hub that connects Thai agricultural products to the…
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Project44 Raises $35 Million Funding Round Amid Global Expansion

Project44, a logistics software provider, has raised $35 million in new funding, the first round since the company’s $10.5 million Series A funding in September 2016. The Chicago-based firm plans to hire 200 employees, adding to its current staff of 80, and expand its North American rail, trucking and parcel services into ocean shipping and the European and Asian markets, according to a report from The Wall Street Journal.

Whole Foods Halts Rewards Program; Will Amazon Prime Replace It?

  • Published in News Briefs
There’s been another step in the “Amazon-ification” of Whole Foods Markets. The retailer will end its 365 Rewards program and digital coupons by May 1. An email to members of the loyalty program indicates that it will soon be folded into the Amazon Prime program, according to MarketWatch. In February, Amazon…
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The Home Depot Will Hire 1,000 Tech Pros As Part Of $11.1 Billion Investment

The Home Depot wants to upgrade its technology capabilities, particularly as a means to collect and understand shopper data. The retailer is investing in more than just new tools and solutions, however. Home Depot is hiring approximately 1,000 new technology professionals in 2018 at its primary technology centers in Atlanta, Dallas and Austin, Texas. The Home Depot already has approximately 2,800 employees in technology roles today, but the retailer doesn’t believe that number will be enough to sustain initiatives related to its $11.1 billion, three-year strategic investment plan. The plan’s ambitious goals include:

After Joint Venture Acquisition, Bon-Ton To Enter Liquidation

  • Published in News Briefs
Bon-Ton Stores will enter liquidation after being acquired by a joint venture composed of bondholders, Great American Group and Tiger Capital Group. A hearing to approve the sale and wind-down is scheduled for April 18, 2018. The value of the winning bid was estimated at $775.5 million, two people familiar…
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Brandless Prepares To Launch First Pop-Up Shop In L.A.

Brandless, the e-Commerce retailer that offers everyday essential products for $3, will host its first pop-up shop in Los Angeles from May 1 to May 13, 2018. The 3,500-square-foot space, called “Pop-Up with Purpose,” is located in West Hollywood at 8483 Melrose Avenue. The pop-up won’t actually sell any Brandless products, but it will keep some on display and offer select samples to consumers throughout the event. The space is designed to present a real-life embodiment of the #BrandlessLife community through live and online streamed content available nationally.

NRF: March Retail Sales Climb 5%, Three-Month Average Jumps 4.8%

  • Published in News Briefs
Retail sales increased 5% year-over-year in March, with seasonally adjusted month-to-month sales jumping a slight 0.3%, according to the National Retail Federation (NRF). The three-month average from January to March increased 4.8% over the same period a year ago. These results are in line with initial NRF forecasts indicating that…
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Amazon Simplifies International Purchases Of U.S. Goods

  • Published in News Briefs
Amazon has launched the International Shopping platform on the Amazon Shopping App, allowing shoppers in more than 100 countries to browse over 45 million items from the U.S. The app is currently available in five languages, including Spanish, English, Simplified Chinese, Brazilian Portuguese and German, as well as 25 currencies.…
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As Jet.com Traffic Dwindles, Should Walmart Pivot Focus To Walmart.com?

Walmart has made a convincing e-Commerce turnaround since acquiring Jet.com in 2016, but the retailer’s focus on the acquired online-only retailer may be wavering. In March 2018, Jet.com traffic dipped approximately 60% compared with a year earlier, according to data from SimilarWeb. In contrast, Walmart.com traffic increased 5% within the…
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Bloglovin’ Rebrands As Activate, Names New CEO

Bloglovin’, an influencer marketing platform, is rebranding itself as Activate. The company’s new name is influenced by the phrase “activating influencers.” The company has also appointed Kamiu Lee, former VP of Business Development & Finance at Bloglovin’, as CEO. With the rebranding, the company also launched Activate Studio, a team of strategists working to bridge the gap between influencers and brands through strategy and technology. Leveraging its Activate technology platform, the team will collaborate with brands to deliver engaging content, strong consumer engagement and measurable results.

Fnac Darty Enhances Voice Shopping Through Google Partnership

French electronics retailer Fnac Darty will partner with Google to roll out demonstration areas for Google Home products, as part of the retailer’s effort to fend off Amazon. Additionally, the retailer will speed up the integration of its e-Commerce platform with the Google voice assistant. The retailer will dedicate hands-on…
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John Varvatos Offers Curated Fashion Through In-Store Pickup

John Varvatos has launched additional functionality to its e-Commerce site that allows shoppers to browse and reserve items available at their nearest location. The localization capabilities are powered by retail technology startup Radius8. The technology will enable a more curated experience for shoppers at the store: when an associate prepares…
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Walmart To Invest $200 Million In Florida Operations

  • Published in News Briefs
Walmart expects to spend approximately $200 million during the coming year in Florida, opening and remodeling 43 stores in the state while expanding several in-store and online services. The openings and upgrades are part of the approximately $11 billion the retailer will invest in its stores during fiscal 2019. Additionally,…
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Sears Puts 16 Stores Up For Sale — Online

  • Published in News Briefs
Sears Holdings is taking a new step to cash in on its real estate. The struggling retailer is auctioning 16 profitable Sears stores on an online auction platform. Cushman & Wakefield, a real estate services firm, is partnering with Real Insight Marketplace to sell the stores. Approximately 200 investor groups…
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Fred Segal Opens Sunset Strip-Themed Pop-Up

  • Published in News Briefs
Clothing and accessories retailer Fred Segal opened “Rock ‘n Roll Holy Land,” a Sunset Strip-themed retail experience, at its store in West Hollywood, Calif. in partnership with Mastercard. The exhibit and pop-up store will offer a glimpse into the history of Sunset Strip and feature merchandise from MadeWorn, an apparel…
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Crate And Barrel Selects New Provider Of Credit Cards

  • Published in News Briefs
Crate and Barrel has selected Synchrony, a leading private label credit card financing company, as its strategic provider of consumer financing. Crate and Barrel and Synchrony will partner on a private label credit card, for use in nearly 100 North American Crate and Barrel stores and all digital channels, and add a…
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