Latest Retail News

Brazilian Retailer Plans Checkout-Free Stores

Published in News Briefs
Friday, 16 August 2019 13:19

Lojas Americanas S.A. will deploy checkout-free technology from Zippin in stores throughout the country. The Brazilian retailer will use the technology in its Ame Go convenience store locations. Customers gain entry by scanning the company’s Ame Digital app. The stores will range from 250 to 3,000 square feet in size…

GNC Prepares To Launch Ship-From-Store At 400+ Locations

Published in News Briefs
Friday, 16 August 2019 12:10

GNC plans to add ship-from-store functionality at more than 400 stores with the aid of ProShip, an automated multi-carrier shipping solution provider. GNC will initially utilize the software at three distribution centers, where the retailer will incorporate its capabilities to improve shipping efficiency and reduce costs. “At GNC, we focus…

Macy’s, JCPenney Enter Resale Market With ThredUP Partnership

Published in News Briefs
Friday, 16 August 2019 11:56

Macy’s and JCPenney are entering the secondhand resale market for the first time, partnering with online consignment store thredUP to offer apparel and handbags from leading designers and brands. Macy’s is presently piloting thredUP in 40 stores, while JCPenney will offer the selection in 30 stores. The moves come as…

Ulta Beauty Debuts SPARKED Program To Showcase Emerging DTC Brands

Published in News Briefs
Thursday, 15 August 2019 12:28

Ulta Beauty has launched SPARKED at Ulta Beauty, an initiative designed to give consumers access to up-and-coming direct-to-consumer (DTC) brands spanning the hair, skincare and makeup categories. The inaugural brands selected for the initiative include UOMA Beauty, Elcie, ZOEVA and Love Wellness. SPARKED enables emerging companies to showcase their products…

SINSA Deploys Platform To Boost Inventory Control Across 65,000 SKUs

Published in News Briefs
Thursday, 15 August 2019 11:58

SINSA, a Nicaragua-based home improvement retailer, has implemented Oracle Retail services with the goal of enhancing customer experiences, propelling growth and offering improved customer service through better inventory control.The family-owned retailer operates 24 retail stores and wholesale properties, offering 65,000+ SKUs in 15 categories of home improvement products and services…

Francesca’s Takes Out Loan To Pursue Turnaround Over Sale

Published in News Briefs
Thursday, 15 August 2019 11:08

Francesca’s has completed a strategic review of the company and will continue its turnaround efforts rather than pursue a sale. The retailer also has entered a $110 million loan credit agreement with Tiger Finance to assist with the growth plan. “We are pleased to have closed the term loan agreement…

Macy’s Opens New Data-Powered Distribution Center

Published in News Briefs
Wednesday, 14 August 2019 14:53

Macy’s has opened a new 675,000-square-foot distribution center in Columbus, Ohio that will utilize Google Cloud data warehousing and analytics solutions to streamline retail operational functions. Macy’s will use Google Cloud to help ensure that its merchandise is accurately and efficiently received, handled and shipped from the distribution center to…

Stein Mart Deploys POS-Enabled Tablets Chainwide To Speed Checkouts

Published in News Briefs
Wednesday, 14 August 2019 11:47

Stein Mart is empowering its associates with mobile POS and endless aisle capabilities through a partnership with Mad Mobile. Workers at all 283 stores will now carry Apple iPads designed to help them cut down checkout times and improve the overall customer experience. Transactions processed through the mobile Concierge solution…

L.L.Bean Taps New Mobile Selling And Order Management System

Published in News Briefs
Tuesday, 13 August 2019 17:50

L.L.Bean has selected Aptos to help manage its POS, mobile store selling and enterprise order management systems. The retailer also will harness Aptos ONE as its long-term microservices platform. The tools will let L.L.Bean engage shoppers online, throughout the store and during pop-up events with a seamless experience. The retailer…

Report: Avenue Will Close, Liquidate All Stores

Published in News Briefs
Tuesday, 13 August 2019 17:41

Women's plus-size fashion retailer Avenue plans to close all its stores in the coming weeks, employees were told Friday in a conference call, according to Retail Dive. The New York Post reported earlier this month that Avenue had 60 days to find a buyer, or it would have to shut down its…

Kohl’s Partners With Facebook To Curate New Merchandise Selection

Published in News Briefs
Tuesday, 13 August 2019 14:37

Kohl’s is turning to Facebook to further blend modern shopping into its department store model. Starting in mid-October 2019 in 50 Kohl’s stores and Kohls.com, “Curated by Kohl’s” will feature the retailer’s first selection of items from brands with popular social media followings. Brands appearing in the first iteration ahead…

Allbirds Steps Into Apparel With Sustainably Manufactured Socks

Published in News Briefs
Tuesday, 13 August 2019 13:16

Allbirds, the San Francisco-based shoe retailer known for its eco-friendly wool sneakers, has launched a line of socks that are available online and at the company’s five brick-and-mortar stores in the U.S. The socks are made from Allbirds’ trademarked new material, “Trino,” which the company manufactures by combining its existing…

Hoping For Quick Sale, Loot Crate Files For Bankruptcy

Published in News Briefs
Tuesday, 13 August 2019 12:29

Loot Crate, the subscription box retailer catering to gaming and pop culture enthusiasts, has filed for Chapter 11 bankruptcy. The company is planning to sell itself to Money Chest LLC, an investment group affiliated with one of the world’s largest collectible manufacturers and distributors, but other companies will have the…

Apparel Group Deploys POS And Inventory Solutions To 700+ Stores

Published in News Briefs
Monday, 12 August 2019 15:24

Apparel Group has selected Oracle to help its meet its long-term strategic, financial and operational goals. The retailer will use the platform to streamline processes across its departments, launch new brands and expand into different geographies. Apparel Group has rolled out the Oracle Retail Xstore Point-of-Service and Oracle Retail Store…

Nike Launches Kid’s Shoe Subscription Service

Published in News Briefs
Monday, 12 August 2019 11:57

Nike is stepping into subscriptions with the children’s shoe service Adventure Club. The retailer offers three tiers, ranging from four to 12 pairs of sneakers per year, chosen from more than 100 different styles. The service is aimed at kids between the ages of two and 10, letting parents quickly swap…

Foot Locker Teams Up With Nike To Launch More ‘Power’ Stores

Published in News Briefs
Friday, 09 August 2019 15:19

Foot Locker is joining forces with its biggest brand partner, Nike, to open additional experiential “Power” stores. The Power stores are four times bigger than a typical mall Foot Locker store, with the newest location opening on August 10 in Manhattan’s Washington Heights. This is the first location to feature the…

Canadian Tire Acquires Party City Canadian Retail Business For $130 Million

Published in Mergers & Acquisitions
Friday, 09 August 2019 11:41

Canadian Tire will acquire the retail business and assets of Party City’s Canadian subsidiary, including its 65 stores, intellectual property and employee base, for $174.4 million CAD (approximately $131 million USD). As part of the acquisition, Party City's product assortments will be made available nationally across 500 Canadian Tire stores and online at Canadiantire.ca. The retailer will expand Party City's standalone store network in Canada and also plans to build Party City-branded store-in-store, pop-ups and "in-line" aisles across Canadian Tire locations. Canadian Tire also will integrate Party City into its Triangle Rewards program.

JCPenney Faces Potential NYSE Delisting Within 6 Months

Published in News Briefs
Friday, 09 August 2019 10:42

After spending 30 days with its stock trading at share prices of under one dollar, JCPenney has received formal notice from the New York Stock Exchange (NYSE) that it is at risk of being delisted. The share price has dropped more than 70% during the past year, according to CNBC,…

Canada Goose Harnesses Inuit Designers’ Parkas To Support Their Communities

Published in News Briefs
Thursday, 08 August 2019 17:10

Canada Goose has announced a call for Inuit designers to design parkas that will be sold through the retailer. The initiative is being run through a partnership with Inuit Tapiriit Kanatami, a national representational organization that works to improve the health and well-being of Inuit in Canada. Project Atigi first…

Bloomingdale’s Launches ‘My List’ Subscription Rental Service

Published in News Briefs
Thursday, 08 August 2019 15:04
Written by Glenn Taylor

Bloomingdale’s is the latest retailer to hop on the “try before you buy” subscription bandwagon, with the department store set to launch an online subscription rental service in September. The service, called “My List at Bloomingdale’s,”will be available to shoppers for a flat monthly fee of $149. My List will…

A’gaci Shutters E-Commerce Site, Will Liquidate All Stores In Second Bankruptcy

Published in News Briefs
Thursday, 08 August 2019 12:31

A’gaci, a women’s fashion retailer, is filing for Chapter 11 bankruptcy, and intends to close all of its 54 stores.The retailer has received approval to conduct "going out of business" sales beginning Aug. 8, according to court documents. A’gaci said it expects the bulk of store closings to be completed by…

Amazon Drops Ground Delivery Services Through FedEx

Published in News Briefs
Thursday, 08 August 2019 11:47

FedEx won’t renew its ground delivery contract with Amazon after it expires at the end of August, according to Bloomberg. The decision comes just two months after FedEx Express declined to extend an agreement to fly Amazon packages in the U.S. “This change is consistent with our strategy to focus…

Nike Acquires Celect To Better Anticipate Customer Demand

Published in Mergers & Acquisitions
Wednesday, 07 August 2019 14:36

Nike has acquired Celect, a predictive analytics and demand sensing technology company, for an undisclosed sum. The acquisition is fueling the footwear and apparel giant’s global “Consumer Direct Offense” strategy, according to a statement. Direct-to-consumer (DTC) sales are becoming a major cornerstone of the Nike business model. Sales from Nike’s Direct business rose 12%, from $9.1 billion in fiscal 2017 to $10.4 billion in fiscal 2018, according to SEC filings. Fueled by online growth, direct revenue now makes up about 30% of total Nike brand revenue, the company said.

KushCo Holdings To Launch Retail Services For CBD Brands

Published in News Briefs
Wednesday, 07 August 2019 13:37

KushCo Holdings, a wholesale supplier for the cannabis industry, has created a retail services division, designed to provide solutions for CBD companies through industry education, compliance and building up distribution networks across conventional retail channels. The new retail services division will be led by Ryan Savage, KushCo’s VP of Retail…

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