Latest Retail News

Old Navy Partners With Postmates For Last-Minute Holiday Deliveries

Published in News Briefs
Wednesday, 11 December 2019 15:23

Seeking to give last-minute holiday shoppers a less stressful buying experience, Old Navy is offering on-demand delivery for shoppers using its buy online/pick up in-store (BOPIS) capability. The retailer is partnering with Postmates to offer a new service that will deliver BOPIS orders directly to customers' front doors. Shoppers in…

GameStop Shares Drop Nearly 20% Following 23% Comp Sales Decline

Published in News Briefs
Wednesday, 11 December 2019 13:41

GameStop’s tough 2019 continues: the video game retailer posted a dismal Q3 earnings report in which net sales sank 25.7% to $1.4 billion and comparable sales dipped 23.2%. In the morning after the report’s release, GameStop stock plummeted as much as 19.6%. The company has been on a downward spiral…

Moody’s Cuts Department Store Outlook Again, Projects 20% Operating Profit Decline In 2019

Published in News Briefs
Tuesday, 10 December 2019 12:59
Written by Glenn Taylor

Despite a variety of efforts to revitalize their store footprints through new partnerships and experiential offerings, department stores continue to struggle — and according to one report, the financial hit has been worse than expected. Moody’s Investors Service is now calling for department stores’ operating profits to be down 20%…

Away CEO Resigns Following Report Of ‘Toxic Working Environment’

Published in News Briefs
Tuesday, 10 December 2019 12:53

Away Co-Founder and CEO Steph Korey has become the latest retail executive to depart from her position, with the announcement made four days after The Verge published a story detailing a “toxic work environment” at the luggage brand. The CEO role will be assumed by lululemon athletica COO Stuart Haselden,…

Hudson Reveals Updated Store Design, Mobile App For 2020

Published in News Briefs
Tuesday, 10 December 2019 12:02

Hudson, which operates more than 1,000 stores in airports and tourist destinations across North America, will upgrade its store design for greater flexibility, including adding self-checkout stations to the remodeled stores.

ShopFulfill Introduces Anchor Shops To Help Online Retailers Launch Their First Physical Storefront

Published in News Briefs
Monday, 09 December 2019 13:04

ShopFulfill has launched Anchor Shops, a vertically integrated retail storefront and distributed network designed to help e-Commerce pure plays launch their first forays into brick-and-mortar. As part of the venture, Anchor Shops will help its digitally native partner brands handle logistics and hire associates in its space. The first Anchor…

McDonald’s Launches ‘Golden Arches Unlimited’ E-Commerce Store

Published in News Briefs
Monday, 09 December 2019 12:31

McDonald’s has launched its own e-Commerce site, Golden Arches Unlimited, which sells branded merchandise such as a Big Mac Bag, a McFlurry Dessert Journal and additional Golden Arches-themed apparel. The initial lineup of 20 items is a winter collection that includes a sesame seed ornament, a Happy Meal t-shirt, a…

Macy’s Spotlights Female Entrepreneurs With SoGifted Pop-Ups

Published in News Briefs
Friday, 06 December 2019 14:57

Seven Macy’s stores around the country will host pop-up shops featuring gifts produced by a wide range of female-led small businesses. The SoGifted shops, which will be open through January 31, 2020, will be powered by b8ta, operator of the Ark Marketplace platform, which allows brands that haven’t traditionally operated…

Kendra Scott, Vineyard Vines Adopt Digital Gift-Sending Platform

Published in News Briefs
Friday, 06 December 2019 14:22

Kendra Scott,Movado and vineyard vines have upgraded their e-Commerce offerings with new gift recommendation software. Shoppers can now send electronic versions of gifts that let the recipients alter their size, color or style, or exchange them for a same-priced item with no hassle. The sender isn’t charged, and the item…

Dollar General Plans 1,000 Store Openings, 1,500 Remodels For 2020

Published in News Briefs
Friday, 06 December 2019 12:48

Dollar General will open 1,000 stores in 2020 as the discount retailer builds on the momentum of a strong quarter. The company reported a net sales increase of 8.9% and a same-store sales increase of 4.6% for Q3 2019, which were the retailer’s best results in nearly five years. The…

Rent The Runway Checks Into The Hotel Business

Published in News Briefs
Friday, 06 December 2019 10:12

Rent The Runway and W Hotels recently announced a partnership that allows travelers to choose up to four items from Rent The Runway for $69, with the clothes delivered to a hotel for the traveler’s arrival. It’s the latest example of how the retail and hospitality industries can integrate their offerings…

CVS Adds Text Alerts To Rewards Program

Published in News Briefs
Thursday, 05 December 2019 14:34

Members of the CVS Pharmacy ExtraCare Rewards program now can receive information on offers and deals via text message. Text alerts sent to shoppers who opt in can include exclusive offers and deal reminders that can be sent directly to a connected ExtraCare card by tapping and visiting the link within…

Macy’s President Departs To Become CEO Of Tractor Supply

Published in News Briefs
Thursday, 05 December 2019 13:11

Hal Lawton, President of Macy’s, will resign, effective Dec. 6, and become CEO of Tractor Supply on Jan. 13, 2020. He will succeed current Tractor Supply CEO Greg Sandfort, who previously announced his plans to retire after 12 years with the company. Lawton has been with Macy’s since September 2017,…

Amazon Pilots Temporary Warehouse Storage Service For Faster Holiday Deliveries

Published in News Briefs
Wednesday, 04 December 2019 14:53

Amazon is testing a new inventory storage service, designed to help meet holiday demand and its next-day shipping commitment without overcrowding its warehouses or running out of products. The service, known as Amazon Storage and Replenishment, enables Amazon merchants to stage inventory in temporary locations close to Amazon’s delivery facilities…

Brown Thomas, Arnotts Empower Store Associates To Personalize Shopping Journeys

Published in News Briefs
Tuesday, 03 December 2019 16:38

Venerable Irish retailers Brown Thomas and Arnotts, both part of Selfridges Group, will equip their store associates with a clienteling solution designed to provide 360-degree views of customers’ preferences and purchase history.

Report: Lord + Taylor To Open Holiday Pop-Up In NYC

Published in News Briefs
Tuesday, 03 December 2019 14:32

Lord + Taylor will return to New York City with a holiday pop-up, a person familiar with the matter told Bloomberg. The 2,400-square-foot store is scheduled to open in mid-December in Manhattan’s Soho neighborhood, and will (by necessity) feature a much more curated selection than the former 676,000-square-foot flagship that…

Glossier Pops Up In Seven Nordstrom Stores

Published in News Briefs
Tuesday, 03 December 2019 13:06

Glossier is entering its first retail partnership, opening temporary shops in seven Nordstrom stores, including the new Nordstrom flagship location in Manhattan, from Dec. 3 through Feb. 16, 2020. The pop-up shops will sell the direct-to-consumer beauty brand’s popular “Glossier You” fragrance, which debuted in October 2017 and has since…

PicWicToys Implements Mobile Self-Checkout To Help Harried Parents

Published in News Briefs
Monday, 02 December 2019 16:02
Written by Bryan Wassel

PicWicToys, a French toy retailer, is launching a mobile self-checkout solution that will allow customers to scan and pay for items on their smartphones, letting them exit the store without needing to wait in a checkout queue. The MishiPay Scan, Pay, Play solution is aimed at shoppers with small children,…

Destination Maternity Would Close All Stores If $50 Million ‘Stalking Horse’ Bid Wins Out

Published in News Briefs
Monday, 02 December 2019 15:08

Destination Maternity has approved Marquee Brands as the leading “stalking horse” bidder of several remaining assets of its business. Under a proposed $50 million sale, Destination Maternity would shutter its remaining 235 stores, while Marquee Brands, a brand licensing firm, would acquire the retailer’s e-Commerce sites, intellectual property and its…

Costco Thanksgiving Day Site Outages Cost An Estimated $11 Million

Published in News Briefs
Monday, 02 December 2019 12:01
Written by Glenn Taylor

Costco’s e-Commerce site went down for more than 16 hours on Thanksgiving Day, according to outage tracking web site Down Detector. The outage impacted an estimated 2.65 million customers who were trying to access the web site, according to data from LovetheSales. The retail aggregate, which works with more than 1,000 retailers,…

A.C. Moore To Close All Stores, Michaels Acquires 40 Locations

Published in News Briefs
Tuesday, 26 November 2019 14:41

Arts and crafts retailer A.C. Moore will close all of its 145 stores, parent company Nicole Crafts announced in a news release. Matthew Pascucci of Mackinac Partners has been appointed Chief Restructuring Officer of A.C. Moore to assist in the effort.

Best Buy Expects Strong Holiday Quarter, But Dollar Tree Struggles With Tariff Impacts

Published in News Briefs
Tuesday, 26 November 2019 11:44

The U.S.-China trade war and its associated tariffs are hanging over virtually all retailers’ heads this holiday season, but different retailers are responding to the pressure in different ways. For instance, Best Buy has forecast a strong holiday quarter despite the price hikes caused by trade policy, while Dollar Tree…

Mars Wrigley, Standard Cognition Team Up To Study Impulse Buying In Cashierless Stores

Published in News Briefs
Tuesday, 26 November 2019 10:10

Standard Cognition, an AI-powered solution provider that offers autonomous checkout technology to brick-and-mortar retailers, has partnered with Mars Wrigley in an effort to learn how to keep “impulse shoppers” buying when there is no checkout. The Standard Cognition solution is designed to let consumers shop and pay for goods without waiting in…

Toys ‘R’ Us Canada Updates E-Commerce Platform

Published in News Briefs
Monday, 25 November 2019 16:22

Toys ‘R’ Us Canada has relaunched its ToysRUs.ca and BabiesRUs.ca sites with the help of digital commerce agency Astound Commerce. The agency was tasked with helping Toys ‘R’ Us Canada re-platform its online e-Commerce technology after the retailer was acquired by Fairfax Financial Holdings in April 2018.

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