Latest Retail News - Retail TouchPoints - Retail TouchPoints Retail TouchPoints provides the latest retail news and trends focusing on shopper experience, digital marketing, and retail innovation. https://www.retailtouchpoints.com/features/news-briefs 2018-06-24T10:51:36-04:00 RTP L’Oréal And Casino Launch Beauty-Focused Pharmacy Concept In Paris 2018-06-22T14:54:43-04:00 2018-06-22T14:54:43-04:00 https://www.retailtouchpoints.com/features/news-briefs/l-oreal-and-casino-launch-beauty-focused-pharmacy-concept-in-paris Bryan Wassel feed@retailtouchpoints.com <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/834b5092d6dcd2e4f9ce8d860e09b429_XL.jpg" alt="L’Oréal And Casino Launch Beauty-Focused Pharmacy Concept In Paris" /></div><div class="K2FeedIntroText"><p><a href="https://www.groupe-casino.fr/en/" target="_blank"><b>Groupe Casino</b></a> has partnered with <a href="https://www.loreal.com/" target="_blank"><b>L’Oréal</b></a> to open two stores in Paris that will combine beauty products with healthcare goods and over-the-counter medicine, according to <a href="https://www.reuters.com/article/us-casino-loreal/casino-and-loreal-team-up-to-launch-new-beauty-stores-idUSKBN1JI0SC" target="_blank"><i>Reuters</i></a>. The store also will feature hairdresser and dry cleaning services, shoe-shining machines and mobile phone charging points.</p> <p>The stores will be open for longer hours compared to other French pharmacies, which typically stock a smaller selection of personal products and operate during limited hours, according to <a href="https://www.ft.com/content/a1c02848-7555-11e8-aa31-31da4279a601" target="_blank"><i>Financial Times</i></a>. The stores will remain open for 24 hours once per month for “exclusive entertainment and wellness services,” showcasing their non-retail offerings.</p> <p>L’Oréal will benefit from greater exposure through the stores, which will carry brands including Maybelline, Garnier and NYX Professional Makeup. The U.S.-style collaboration may reflect modern lifestyles and could appeal to a broader range of shoppers.</p> <p>This new partnership marks the latest step in Groupe Casino’s shift away from supermarkets. The retailer is looking for new ways to draw customers to its stores with hopes to rebound its shsare price that dropped by <b>33%</b> in 2018, according to <i>Financial Times</i>.</p> <p>The concept reportedly may expand to a third store if the response is positive, and potentially lead to an international expansion.</p></div> <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/834b5092d6dcd2e4f9ce8d860e09b429_XL.jpg" alt="L’Oréal And Casino Launch Beauty-Focused Pharmacy Concept In Paris" /></div><div class="K2FeedIntroText"><p><a href="https://www.groupe-casino.fr/en/" target="_blank"><b>Groupe Casino</b></a> has partnered with <a href="https://www.loreal.com/" target="_blank"><b>L’Oréal</b></a> to open two stores in Paris that will combine beauty products with healthcare goods and over-the-counter medicine, according to <a href="https://www.reuters.com/article/us-casino-loreal/casino-and-loreal-team-up-to-launch-new-beauty-stores-idUSKBN1JI0SC" target="_blank"><i>Reuters</i></a>. The store also will feature hairdresser and dry cleaning services, shoe-shining machines and mobile phone charging points.</p> <p>The stores will be open for longer hours compared to other French pharmacies, which typically stock a smaller selection of personal products and operate during limited hours, according to <a href="https://www.ft.com/content/a1c02848-7555-11e8-aa31-31da4279a601" target="_blank"><i>Financial Times</i></a>. The stores will remain open for 24 hours once per month for “exclusive entertainment and wellness services,” showcasing their non-retail offerings.</p> <p>L’Oréal will benefit from greater exposure through the stores, which will carry brands including Maybelline, Garnier and NYX Professional Makeup. The U.S.-style collaboration may reflect modern lifestyles and could appeal to a broader range of shoppers.</p> <p>This new partnership marks the latest step in Groupe Casino’s shift away from supermarkets. The retailer is looking for new ways to draw customers to its stores with hopes to rebound its shsare price that dropped by <b>33%</b> in 2018, according to <i>Financial Times</i>.</p> <p>The concept reportedly may expand to a third store if the response is positive, and potentially lead to an international expansion.</p></div> MomentFeed Expands Yelp Partnership With Knowledge Database 2018-06-22T14:40:11-04:00 2018-06-22T14:40:11-04:00 https://www.retailtouchpoints.com/features/news-briefs/momentfeed-expands-yelp-partnership-with-knowledge-database Adam Blair feed@retailtouchpoints.com <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/cca306b2a75bd1897884a7c9b87510fa_XL.jpg" alt="MomentFeed Expands Yelp Partnership With Knowledge Database" /></div><div class="K2FeedIntroText"><p>Building on a partnership that began in March 2016, <a href="https://momentfeed.com/" target="_blank">MomentFeed</a>has added <a href="https://www.yelp.com/knowledge" target="_blank">Yelp Knowledge</a> to its offering. Brands can now manage their Yelp presence directly through the MomentFeed platform, using reviews to gain unique business insights.</p> <p>With access to Yelp’s database of trends, reviews and performance data, businesses can gain a better understanding of the customer experience, and respond with tools to:</p> </div><div class="K2FeedFullText"> <p>• Analyze business location-specific data;<br />• Analyze historical trends; and<br />• Respond directly to customer reviews.</p> <p>“Combining the abundance of Yelp’s local business data with the easy-to-use MomentFeed platform makes for a strong partnership,” said Robert Blatt, CEO of MomentFeed in a statement. “Brands can see, sort, respond to and understand reviews so they can truly engage with the valuable information they contain.”</p></div> <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/cca306b2a75bd1897884a7c9b87510fa_XL.jpg" alt="MomentFeed Expands Yelp Partnership With Knowledge Database" /></div><div class="K2FeedIntroText"><p>Building on a partnership that began in March 2016, <a href="https://momentfeed.com/" target="_blank">MomentFeed</a>has added <a href="https://www.yelp.com/knowledge" target="_blank">Yelp Knowledge</a> to its offering. Brands can now manage their Yelp presence directly through the MomentFeed platform, using reviews to gain unique business insights.</p> <p>With access to Yelp’s database of trends, reviews and performance data, businesses can gain a better understanding of the customer experience, and respond with tools to:</p> </div><div class="K2FeedFullText"> <p>• Analyze business location-specific data;<br />• Analyze historical trends; and<br />• Respond directly to customer reviews.</p> <p>“Combining the abundance of Yelp’s local business data with the easy-to-use MomentFeed platform makes for a strong partnership,” said Robert Blatt, CEO of MomentFeed in a statement. “Brands can see, sort, respond to and understand reviews so they can truly engage with the valuable information they contain.”</p></div> Sugarfina Expands Globally, Will Open First Hong Kong Store 2018-06-22T09:56:21-04:00 2018-06-22T09:56:21-04:00 https://www.retailtouchpoints.com/features/news-briefs/sugarfina-expands-globally-will-open-first-hong-kong-store Glenn Taylor feed@retailtouchpoints.com <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/515ad3b8f823bd3c4431e2191e2e9d58_XL.jpg" alt="Sugarfina Expands Globally, Will Open First Hong Kong Store" /></div><div class="K2FeedIntroText"><p><b>Sugarfina</b>, a luxury confections boutique, will expand to Asia this summer, opening its first Hong Kong store in the Harbour City mall. The Beverly Hills-based company will partner with Upper East Holdings, an operator of food and beverage franchises, to introduce its gourmet sweets for the first time outside North America.</p> <p>The new 900-square-foot store is the first step in Sugarfina’s larger global expansion strategy. Through its partnership with Upper East Holdings, Sugarfina plans to open additional locations in Hong Kong and continue expanding internationally through similar partnerships.</p> </div><div class="K2FeedFullText"> <p>{loadposition GIAA}"We've been dreaming of expanding Sugarfina globally since the early days of the brand," said Rosie O'Neill and Josh Resnick, Co-Founders and Co-CEOs of Sugarfina, in a statement. "Hong Kong is the window into Asia and Upper East Holdings is the ideal partner to establish our brand in the region. We're excited to partner with them to bring Sugarfina to life in one of the most vibrant cities in the world."</p> <p>In celebration of the opening, Sugarfina is drawing inspiration from the Hong Kong Tram to create an exclusive two-piece Candy Bento Box that includes the company’s signature Rosé All Day Bears and Fuji Apple Caramel candies. Other established favorites and new seasonal collections will be available for shoppers.</p> <p>Sugarfina has more than 50 locations across North America in major cities such as Los Angeles, New York, Boston, Chicago and Vancouver.</p></div> <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/515ad3b8f823bd3c4431e2191e2e9d58_XL.jpg" alt="Sugarfina Expands Globally, Will Open First Hong Kong Store" /></div><div class="K2FeedIntroText"><p><b>Sugarfina</b>, a luxury confections boutique, will expand to Asia this summer, opening its first Hong Kong store in the Harbour City mall. The Beverly Hills-based company will partner with Upper East Holdings, an operator of food and beverage franchises, to introduce its gourmet sweets for the first time outside North America.</p> <p>The new 900-square-foot store is the first step in Sugarfina’s larger global expansion strategy. Through its partnership with Upper East Holdings, Sugarfina plans to open additional locations in Hong Kong and continue expanding internationally through similar partnerships.</p> </div><div class="K2FeedFullText"> <p>{loadposition GIAA}"We've been dreaming of expanding Sugarfina globally since the early days of the brand," said Rosie O'Neill and Josh Resnick, Co-Founders and Co-CEOs of Sugarfina, in a statement. "Hong Kong is the window into Asia and Upper East Holdings is the ideal partner to establish our brand in the region. We're excited to partner with them to bring Sugarfina to life in one of the most vibrant cities in the world."</p> <p>In celebration of the opening, Sugarfina is drawing inspiration from the Hong Kong Tram to create an exclusive two-piece Candy Bento Box that includes the company’s signature Rosé All Day Bears and Fuji Apple Caramel candies. Other established favorites and new seasonal collections will be available for shoppers.</p> <p>Sugarfina has more than 50 locations across North America in major cities such as Los Angeles, New York, Boston, Chicago and Vancouver.</p></div> Kmart-Within-A-Sears Concept Adds Groceries To Department Store 2018-06-21T12:18:10-04:00 2018-06-21T12:18:10-04:00 https://www.retailtouchpoints.com/features/news-briefs/kmart-within-a-sears-concept-adds-groceries-to-department-store Bryan Wassel feed@retailtouchpoints.com <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/256b95f549e7547fda8f892557cf61e4_XL.jpg" alt="Kmart-Within-A-Sears Concept Adds Groceries To Department Store" /></div><div class="K2FeedIntroText"><p><a href="http://www.sears.com/" target="_blank"><b>Sears Holdings</b></a> is testing a new initiative to reverse its fortunes by putting small, <a href="http://www.kmart.com/" target="_blank"><b>Kmart</b></a>-branded convenience stores inside Sears locations, according to <a href="https://www.cnbc.com/2018/06/19/a-kmart-store-opens-inside-a-sears-in-brooklyn-more-integration-ahead.html" target="_blank"><i>CNBC</i></a>. The new layout will let customers purchase items such as groceries, health and beauty products and cleaning supplies while shopping for traditional department store merchandise.</p> <p>The debut store is a 10,000-square-foot Kmart inside a Sears store in Brooklyn, N.Y. With this move, the retailer seeks to build on the strengths of each brand, making Sears a one-stop shop similar to <b>Target</b> or <b>Walmart</b>. The company believes its loyal base of shoppers will welcome the changes.</p> <p>"There are common things that everyday customers came into the Sears store looking for and unfortunately we had to turn them away," said Pearl Thompson, Manager of the new Kmart convenience store told <i>CNBC</i> in an interview. "Our existing customers have been asking for these products, and we are also seeing new customers as part of the [grand opening].”</p> <p>The <a href="features/special-reports/from-warby-parker-to-sugarfina-former-pure-plays-discover-omnichannel-success" target="_blank">store-within-a-store concept has proven successful</a> at other retailers, such as <a href="https://shop.nordstrom.com/" target="_blank"><b>Nordstrom</b></a>’s partnership with <a href="https://www.sugarfina.com/" target="_blank"><b>Sugarfina</b></a>. Both retailers share a similar customer base, and Nordstrom draws additional traffic from customers curious about goods it might not otherwise stock.</p> <p>Sears has been working with <b>Amazon</b> as well. Shoppers can order tires from the e-Commerce giant and <a href="features/news-briefs/sears-expands-amazon-tire-partnership-to-118-stores" target="_blank">have them installed</a> at 118 <a href="https://www.searsauto.com/" target="_blank">Sears Auto Centers</a> in 21 states for a small fee, and <a href="features/news-briefs/sears-seeks-salvation-through-amazon-with-alexa-powered-kenmore-products" target="_blank">Alexa-powered Kenmore products</a> have been available at Sears stores since summer 2017.</p> <p>The retailer also is looking at other initiatives, including the addition of appliance shops with higher-end merchandise at some Kmart locations, and small-format Sears stores that sell only mattresses and appliances. A company spokesperson told <i>CNBC</i> that the immediate goal is to test the new concepts to see what works.</p> <p>However, it remains to be seen if these efforts will be enough to give Sears the boost it needs. The retailer’s total revenues were approximately <b>$2.9 billion</b> during Q1 2018, down from <b>$4.2 billion</b> in Q1 2017, with store closures accounting for nearly two-thirds of the decline. Overall same-store sales declined <b>11.9%</b> during the quarter, with a <b>9.5%</b> decline at Kmart and a <b>13.4%</b> decline at Sears.</p> <p>The company has continued divesting stores and brands to raise capital, most recently putting <a href="features/news-briefs/sears-puts-16-stores-up-for-sale-online" target="_blank">16 profitable stores up for sale</a> via an online auction platform. CEO Eddie Lampert’s hedge fund, ESL Investments, has offered to purchase the <a href="https://www.searshomeservices.com/improve" target="_blank">Sears Home Improvement</a> and <a href="https://www.searspartsdirect.com/" target="_blank">PartsDirect</a> businesses for <b>$500 million</b>, and to make a bid for <a href="https://www.kenmore.com/" target="_blank">Kenmore</a>.</p></div> <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/256b95f549e7547fda8f892557cf61e4_XL.jpg" alt="Kmart-Within-A-Sears Concept Adds Groceries To Department Store" /></div><div class="K2FeedIntroText"><p><a href="http://www.sears.com/" target="_blank"><b>Sears Holdings</b></a> is testing a new initiative to reverse its fortunes by putting small, <a href="http://www.kmart.com/" target="_blank"><b>Kmart</b></a>-branded convenience stores inside Sears locations, according to <a href="https://www.cnbc.com/2018/06/19/a-kmart-store-opens-inside-a-sears-in-brooklyn-more-integration-ahead.html" target="_blank"><i>CNBC</i></a>. The new layout will let customers purchase items such as groceries, health and beauty products and cleaning supplies while shopping for traditional department store merchandise.</p> <p>The debut store is a 10,000-square-foot Kmart inside a Sears store in Brooklyn, N.Y. With this move, the retailer seeks to build on the strengths of each brand, making Sears a one-stop shop similar to <b>Target</b> or <b>Walmart</b>. The company believes its loyal base of shoppers will welcome the changes.</p> <p>"There are common things that everyday customers came into the Sears store looking for and unfortunately we had to turn them away," said Pearl Thompson, Manager of the new Kmart convenience store told <i>CNBC</i> in an interview. "Our existing customers have been asking for these products, and we are also seeing new customers as part of the [grand opening].”</p> <p>The <a href="features/special-reports/from-warby-parker-to-sugarfina-former-pure-plays-discover-omnichannel-success" target="_blank">store-within-a-store concept has proven successful</a> at other retailers, such as <a href="https://shop.nordstrom.com/" target="_blank"><b>Nordstrom</b></a>’s partnership with <a href="https://www.sugarfina.com/" target="_blank"><b>Sugarfina</b></a>. Both retailers share a similar customer base, and Nordstrom draws additional traffic from customers curious about goods it might not otherwise stock.</p> <p>Sears has been working with <b>Amazon</b> as well. Shoppers can order tires from the e-Commerce giant and <a href="features/news-briefs/sears-expands-amazon-tire-partnership-to-118-stores" target="_blank">have them installed</a> at 118 <a href="https://www.searsauto.com/" target="_blank">Sears Auto Centers</a> in 21 states for a small fee, and <a href="features/news-briefs/sears-seeks-salvation-through-amazon-with-alexa-powered-kenmore-products" target="_blank">Alexa-powered Kenmore products</a> have been available at Sears stores since summer 2017.</p> <p>The retailer also is looking at other initiatives, including the addition of appliance shops with higher-end merchandise at some Kmart locations, and small-format Sears stores that sell only mattresses and appliances. A company spokesperson told <i>CNBC</i> that the immediate goal is to test the new concepts to see what works.</p> <p>However, it remains to be seen if these efforts will be enough to give Sears the boost it needs. The retailer’s total revenues were approximately <b>$2.9 billion</b> during Q1 2018, down from <b>$4.2 billion</b> in Q1 2017, with store closures accounting for nearly two-thirds of the decline. Overall same-store sales declined <b>11.9%</b> during the quarter, with a <b>9.5%</b> decline at Kmart and a <b>13.4%</b> decline at Sears.</p> <p>The company has continued divesting stores and brands to raise capital, most recently putting <a href="features/news-briefs/sears-puts-16-stores-up-for-sale-online" target="_blank">16 profitable stores up for sale</a> via an online auction platform. CEO Eddie Lampert’s hedge fund, ESL Investments, has offered to purchase the <a href="https://www.searshomeservices.com/improve" target="_blank">Sears Home Improvement</a> and <a href="https://www.searspartsdirect.com/" target="_blank">PartsDirect</a> businesses for <b>$500 million</b>, and to make a bid for <a href="https://www.kenmore.com/" target="_blank">Kenmore</a>.</p></div> J.Crew Appoints New Chief Design Officer, Adds Mack Weldon Brand 2018-06-20T17:44:51-04:00 2018-06-20T17:44:51-04:00 https://www.retailtouchpoints.com/features/retail-movers-and-shakers/j-crew-appoints-new-chief-design-officer-adds-mack-weldon-brand Glenn Taylor feed@retailtouchpoints.com <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/f6d791ca445bdae40b503a68fb3f2bfc_XL.jpg" alt="J.Crew Appoints New Chief Design Officer, Adds Mack Weldon Brand" /></div><div class="K2FeedIntroText"><p><b>J.Crew Group</b> has named Johanna Uurasjarvi as Chief Design Officer, where she will be in charge of overall design direction for the <b>J. Crew</b> brand along with Crewcuts and Mercantile. The company’s growing <b>Madewell</b> chain has its own design team.</p> <p>Uurasjarvi is tasked with winning back shoppers to a brand that has done poorly in retaining them in recent years. J.Crew sales decreased <b>7%</b> to <b>$391.9 million</b> in Q1, with comparable sales dipping <b>6%</b> following a decrease of <b>11%</b> in Q1 last year.The fashion retailer has struggled for the past few years due to a slow reaction to changing trends and a perception that prices were no longer in sync with quality.</p> </div><div class="K2FeedFullText"> <p>{loadposition GIAA}Turnover at the C-level accompanied the declining sales and traffic. <a href="features/trend-watch/what-drove-mickey-drexler-out-retail-experts-weigh-in" target="_blank">Longtime CEO&nbsp;Mickey Drexler</a>, who helmed J.Crew during its rise in popularity in the 2000s, stepped down in June 2017, two weeks after admitting that he <a href="features/retail-movers-and-shakers/longtime-j-crew-ceo-mickey-drexler-steps-down" target="_blank">underestimated the role technology would play in retail</a>.</p> <p>Much of this turnover has occurred at the top design spot, leading to Uurasjarvi’s hiring. J.Crew saw its then President, Executive Creative Director and second-in-command Jenna Lyons step down from her role in April 2017. Lyons was considered the creative mastermind behind the brand’s rise during Drexler’s tenure. Only five months after Lyons stepped down, her replacement, Somsack Sikhounmuong, left the company as well.</p> <p>Uurasjarvi has a rich background running design teams. She previously was Creative Director of <b>West Elm</b>, where she was the concept builder of its successful "New Modern" assortment, a lighter and brighter interpretation of classic Mid-Century Modern with layered textures and material innovation that incorporated the company's signature interest in global artistry. The efforts helped West Elm reach $1 billion in revenue.</p> <p>Prior to her time at West Elm, Uurasjarvi served as the Executive Creative Director of Product Design at <b>Anthropologie</b> for 10 years, where she built the company’s first in-house design team. At both companies, she worked with Jim Brett, <a href="features/retail-movers-and-shakers/longtime-j-crew-ceo-mickey-drexler-steps-down" target="_blank">who became J.Crew Group’s CEO last year</a> after Drexler’s departure.</p> <p>This is Brett’s second major hire as CEO: in February,&nbsp;<a href="features/retail-movers-and-shakers/j-crew-hires-starbucks-digital-exec-as-chief-experience-officer" target="_blank">he hired Adam Brotman</a>, the&nbsp;<b>Starbucks</b>&nbsp;executive who played a crucial role in turning the coffee chain into a retail tech leader, to improve customer service as J.Crew’s Chief Experience Officer.</p> <p>But attempts at a turnaround appear to go beyond C-level hires. The retailer also has been adding new brands to its offering, including exclusive Prime Cotton men's underwear designed by direct-to-consumer essentials brand <b>Mack Weldon</b>. Recently, J.Crew debuted an intimates line, a swim line, and a “Heritage” collection of its classic styles as a way to diversify its apparel offerings.</p></div> <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/f6d791ca445bdae40b503a68fb3f2bfc_XL.jpg" alt="J.Crew Appoints New Chief Design Officer, Adds Mack Weldon Brand" /></div><div class="K2FeedIntroText"><p><b>J.Crew Group</b> has named Johanna Uurasjarvi as Chief Design Officer, where she will be in charge of overall design direction for the <b>J. Crew</b> brand along with Crewcuts and Mercantile. The company’s growing <b>Madewell</b> chain has its own design team.</p> <p>Uurasjarvi is tasked with winning back shoppers to a brand that has done poorly in retaining them in recent years. J.Crew sales decreased <b>7%</b> to <b>$391.9 million</b> in Q1, with comparable sales dipping <b>6%</b> following a decrease of <b>11%</b> in Q1 last year.The fashion retailer has struggled for the past few years due to a slow reaction to changing trends and a perception that prices were no longer in sync with quality.</p> </div><div class="K2FeedFullText"> <p>{loadposition GIAA}Turnover at the C-level accompanied the declining sales and traffic. <a href="features/trend-watch/what-drove-mickey-drexler-out-retail-experts-weigh-in" target="_blank">Longtime CEO&nbsp;Mickey Drexler</a>, who helmed J.Crew during its rise in popularity in the 2000s, stepped down in June 2017, two weeks after admitting that he <a href="features/retail-movers-and-shakers/longtime-j-crew-ceo-mickey-drexler-steps-down" target="_blank">underestimated the role technology would play in retail</a>.</p> <p>Much of this turnover has occurred at the top design spot, leading to Uurasjarvi’s hiring. J.Crew saw its then President, Executive Creative Director and second-in-command Jenna Lyons step down from her role in April 2017. Lyons was considered the creative mastermind behind the brand’s rise during Drexler’s tenure. Only five months after Lyons stepped down, her replacement, Somsack Sikhounmuong, left the company as well.</p> <p>Uurasjarvi has a rich background running design teams. She previously was Creative Director of <b>West Elm</b>, where she was the concept builder of its successful "New Modern" assortment, a lighter and brighter interpretation of classic Mid-Century Modern with layered textures and material innovation that incorporated the company's signature interest in global artistry. The efforts helped West Elm reach $1 billion in revenue.</p> <p>Prior to her time at West Elm, Uurasjarvi served as the Executive Creative Director of Product Design at <b>Anthropologie</b> for 10 years, where she built the company’s first in-house design team. At both companies, she worked with Jim Brett, <a href="features/retail-movers-and-shakers/longtime-j-crew-ceo-mickey-drexler-steps-down" target="_blank">who became J.Crew Group’s CEO last year</a> after Drexler’s departure.</p> <p>This is Brett’s second major hire as CEO: in February,&nbsp;<a href="features/retail-movers-and-shakers/j-crew-hires-starbucks-digital-exec-as-chief-experience-officer" target="_blank">he hired Adam Brotman</a>, the&nbsp;<b>Starbucks</b>&nbsp;executive who played a crucial role in turning the coffee chain into a retail tech leader, to improve customer service as J.Crew’s Chief Experience Officer.</p> <p>But attempts at a turnaround appear to go beyond C-level hires. The retailer also has been adding new brands to its offering, including exclusive Prime Cotton men's underwear designed by direct-to-consumer essentials brand <b>Mack Weldon</b>. Recently, J.Crew debuted an intimates line, a swim line, and a “Heritage” collection of its classic styles as a way to diversify its apparel offerings.</p></div> Amazon Opens ‘Try Before You Buy’ Clothing Service To All U.S. Prime Members 2018-06-20T11:01:49-04:00 2018-06-20T11:01:49-04:00 https://www.retailtouchpoints.com/features/news-briefs/amazon-opens-try-before-you-buy-clothing-service-to-all-u-s-prime-members Bryan Wassel feed@retailtouchpoints.com <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/79f804fd805ad102dcd557ccbc188835_XL.jpg" alt="Amazon Opens ‘Try Before You Buy’ Clothing Service To All U.S. Prime Members" /></div><div class="K2FeedIntroText"><p class="xmsonormal" style="margin-bottom: 12pt;"><b>Amazon</b> has made its <a href="https://www.amazon.com/l/16122413011" target="_blank">Prime Wardrobe</a><span> service available to all U.S. Prime members, giving shoppers up to seven days to decide what they want to keep. Product categories including clothes, shoes and accessories are eligible and all orders include a resealable box and pre-paid label for easy returns.</span></p> <p style="margin-bottom: 12pt;"><span style="color: black;">The service covers name brand items from companies such as </span><a href="https://www.calvinklein.us/en" target="_blank"><b>Calvin Klein</b></a><span style="color: black;">, </span><a href="https://www.adidas.com/us" target="_blank"><b>Adidas</b></a><span style="color: black;"> and <a href="https://www.armaniexchange.com/us" target="_blank"><b>Armani Exchange</b></a>, as well as several of Amazon’s private brands.</span></p> <p>Amazon <a href="features/news-briefs/amazon-shakes-up-fashion-with-prime-wardrobe-beta-launch-experts-weigh-in" target="_blank">first rolled out the Prime Wardrobe pilot program</a> in June 2017 on an invitation-only basis. The test included a <b>20%</b> discount for customers who kept five or more items per order and a <b>10%</b> discount for those who held on to three to four items, but the current iteration doesn’t offer these markdowns.</p> <p style="margin-bottom: 0.0001pt;"><span style="color: black;">The most frequently ordered items during the beta were Amazon’s private label brands. For children in particular, shoes were the most common order. Amazon saw its overall </span><a href="topics/e-commerce/with-18-sales-growth-will-footwear-brands-run-to-amazon" target="_blank">shoe revenues grow <b>18%</b></a><span style="color: black;"> during the first two quarters of 2017 compared to the same period in 2016, according to </span><a href="http://oneclickretail.com/" target="_blank">One Click Retail</a><span style="color: black;">.</span></p> <p style="margin-bottom: 0.0001pt;"><span style="color: black;">The “try before you buy” retail model </span><span style="color: windowtext; text-decoration: none;">has been driving success</span> <span style="color: black;">for pioneers such as </span><a href="https://www.stitchfix.com/" target="_blank"><b>Stitch Fix</b></a><span style="color: black;">, which reported </span><a href="features/mergers-and-acquisitions/birchbox-sells-majority-stake-after-qvc-deal-falls-through" target="_blank">Q1 revenue of <b>$296 million</b></a><span style="color: black;"> and net income of <b>$13.5 million</b> in May, with users increasing <b>30%</b> to <b>2.4 million</b> in its first earnings report after going public in November 2017.</span></p> <p style="margin-bottom: 0.0001pt;"><span style="color: black;">Amazon brands in the Prime Wardrobe program include:</span></p> <ul> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_2?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:core+10,p_89:Core+10&amp;bbn=14807110011&amp;keywords=core+10&amp;ie=UTF8&amp;qid=1529003440&amp;rnid=2528832011" target="_blank">Core 10</a> — Activewear for women;</li> <li style="color: black;"><a href="https://www.amazon.com/s/s/ref=sr_nr_p_89_0?fst=p90x:1,as:off&amp;rh=n:7141123011,n:14807110011,k:daily+ritual,p_89:Daily+Ritual&amp;bbn=14807110011&amp;keywords=daily+ritual&amp;ie=UTF8&amp;qid=1529003388&amp;rnid=2528832011" target="_blank">Daily Ritual</a> — Elevated basics for women;</li> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_0?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:Lark+&amp;+ro,p_89:Lark+&amp;+Ro&amp;bbn=14807110011&amp;keywords=Lark+&amp;+ro&amp;ie=UTF8&amp;qid=1529003465&amp;rnid=2528832011" target="_blank">Lark &amp; Ro</a> — Women’s work wear and essentials;</li> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_1?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:buttoned+down,p_89:Buttoned+Down&amp;bbn=14807110011&amp;keywords=buttoned+down&amp;ie=UTF8&amp;qid=1529003514&amp;rnid=2528832011" target="_blank">Buttoned Down</a> — Men’s dress shirts;</li> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_0?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:goodthreads,p_89:Goodthreads&amp;bbn=14807110011&amp;keywords=goodthreads&amp;ie=UTF8&amp;qid=1529003490&amp;rnid=2528832011" target="_blank">Goodthreads</a> — Casual clothes for men;</li> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_0?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:Peak+Velocity,p_89:Peak+Velocity&amp;bbn=14807110011&amp;keywords=Peak+Velocity&amp;ie=UTF8&amp;qid=1529003540&amp;rnid=2528832011" target="_blank">Peak Velocity</a> — Activewear for men;</li> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_0?fst=as:off,p90x:1&amp;rh=n:7141123011,n:14807110011,k:simple+joys+by+carter's,p_89:Simple+Joys+by+Carter's&amp;bbn=14807110011&amp;keywords=simple+joys+by+carter's&amp;ie=UTF8&amp;qid=1529003567&amp;rnid=2528832011" target="_blank">Simple Joys by Carter’s</a> — Clothing for newborns and toddlers;</li> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_3?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:moon+and+back,p_89:Moon+and+Back&amp;bbn=14807110011&amp;keywords=moon+and+back&amp;ie=UTF8&amp;qid=1529003606&amp;rnid=2528832011" target="_blank">Moon and Back</a> — Organically-grown cotton clothing for babies and toddlers; and</li> <li style="color: black; margin-bottom: 12pt;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_0?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:spotted+zebra,p_89:Spotted+Zebra&amp;bbn=14807110011&amp;keywords=spotted+zebra&amp;ie=UTF8&amp;qid=1529003628&amp;rnid=2528832011" target="_blank">Spotted Zebra</a> — Children’s clothes with bright colors and unique prints.</li> </ul></div> <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/79f804fd805ad102dcd557ccbc188835_XL.jpg" alt="Amazon Opens ‘Try Before You Buy’ Clothing Service To All U.S. Prime Members" /></div><div class="K2FeedIntroText"><p class="xmsonormal" style="margin-bottom: 12pt;"><b>Amazon</b> has made its <a href="https://www.amazon.com/l/16122413011" target="_blank">Prime Wardrobe</a><span> service available to all U.S. Prime members, giving shoppers up to seven days to decide what they want to keep. Product categories including clothes, shoes and accessories are eligible and all orders include a resealable box and pre-paid label for easy returns.</span></p> <p style="margin-bottom: 12pt;"><span style="color: black;">The service covers name brand items from companies such as </span><a href="https://www.calvinklein.us/en" target="_blank"><b>Calvin Klein</b></a><span style="color: black;">, </span><a href="https://www.adidas.com/us" target="_blank"><b>Adidas</b></a><span style="color: black;"> and <a href="https://www.armaniexchange.com/us" target="_blank"><b>Armani Exchange</b></a>, as well as several of Amazon’s private brands.</span></p> <p>Amazon <a href="features/news-briefs/amazon-shakes-up-fashion-with-prime-wardrobe-beta-launch-experts-weigh-in" target="_blank">first rolled out the Prime Wardrobe pilot program</a> in June 2017 on an invitation-only basis. The test included a <b>20%</b> discount for customers who kept five or more items per order and a <b>10%</b> discount for those who held on to three to four items, but the current iteration doesn’t offer these markdowns.</p> <p style="margin-bottom: 0.0001pt;"><span style="color: black;">The most frequently ordered items during the beta were Amazon’s private label brands. For children in particular, shoes were the most common order. Amazon saw its overall </span><a href="topics/e-commerce/with-18-sales-growth-will-footwear-brands-run-to-amazon" target="_blank">shoe revenues grow <b>18%</b></a><span style="color: black;"> during the first two quarters of 2017 compared to the same period in 2016, according to </span><a href="http://oneclickretail.com/" target="_blank">One Click Retail</a><span style="color: black;">.</span></p> <p style="margin-bottom: 0.0001pt;"><span style="color: black;">The “try before you buy” retail model </span><span style="color: windowtext; text-decoration: none;">has been driving success</span> <span style="color: black;">for pioneers such as </span><a href="https://www.stitchfix.com/" target="_blank"><b>Stitch Fix</b></a><span style="color: black;">, which reported </span><a href="features/mergers-and-acquisitions/birchbox-sells-majority-stake-after-qvc-deal-falls-through" target="_blank">Q1 revenue of <b>$296 million</b></a><span style="color: black;"> and net income of <b>$13.5 million</b> in May, with users increasing <b>30%</b> to <b>2.4 million</b> in its first earnings report after going public in November 2017.</span></p> <p style="margin-bottom: 0.0001pt;"><span style="color: black;">Amazon brands in the Prime Wardrobe program include:</span></p> <ul> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_2?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:core+10,p_89:Core+10&amp;bbn=14807110011&amp;keywords=core+10&amp;ie=UTF8&amp;qid=1529003440&amp;rnid=2528832011" target="_blank">Core 10</a> — Activewear for women;</li> <li style="color: black;"><a href="https://www.amazon.com/s/s/ref=sr_nr_p_89_0?fst=p90x:1,as:off&amp;rh=n:7141123011,n:14807110011,k:daily+ritual,p_89:Daily+Ritual&amp;bbn=14807110011&amp;keywords=daily+ritual&amp;ie=UTF8&amp;qid=1529003388&amp;rnid=2528832011" target="_blank">Daily Ritual</a> — Elevated basics for women;</li> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_0?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:Lark+&amp;+ro,p_89:Lark+&amp;+Ro&amp;bbn=14807110011&amp;keywords=Lark+&amp;+ro&amp;ie=UTF8&amp;qid=1529003465&amp;rnid=2528832011" target="_blank">Lark &amp; Ro</a> — Women’s work wear and essentials;</li> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_1?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:buttoned+down,p_89:Buttoned+Down&amp;bbn=14807110011&amp;keywords=buttoned+down&amp;ie=UTF8&amp;qid=1529003514&amp;rnid=2528832011" target="_blank">Buttoned Down</a> — Men’s dress shirts;</li> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_0?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:goodthreads,p_89:Goodthreads&amp;bbn=14807110011&amp;keywords=goodthreads&amp;ie=UTF8&amp;qid=1529003490&amp;rnid=2528832011" target="_blank">Goodthreads</a> — Casual clothes for men;</li> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_0?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:Peak+Velocity,p_89:Peak+Velocity&amp;bbn=14807110011&amp;keywords=Peak+Velocity&amp;ie=UTF8&amp;qid=1529003540&amp;rnid=2528832011" target="_blank">Peak Velocity</a> — Activewear for men;</li> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_0?fst=as:off,p90x:1&amp;rh=n:7141123011,n:14807110011,k:simple+joys+by+carter's,p_89:Simple+Joys+by+Carter's&amp;bbn=14807110011&amp;keywords=simple+joys+by+carter's&amp;ie=UTF8&amp;qid=1529003567&amp;rnid=2528832011" target="_blank">Simple Joys by Carter’s</a> — Clothing for newborns and toddlers;</li> <li style="color: black;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_3?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:moon+and+back,p_89:Moon+and+Back&amp;bbn=14807110011&amp;keywords=moon+and+back&amp;ie=UTF8&amp;qid=1529003606&amp;rnid=2528832011" target="_blank">Moon and Back</a> — Organically-grown cotton clothing for babies and toddlers; and</li> <li style="color: black; margin-bottom: 12pt;"><a href="https://www.amazon.com/s/gp/search/ref=sr_nr_p_89_0?fst=as:off&amp;rh=n:7141123011,n:14807110011,k:spotted+zebra,p_89:Spotted+Zebra&amp;bbn=14807110011&amp;keywords=spotted+zebra&amp;ie=UTF8&amp;qid=1529003628&amp;rnid=2528832011" target="_blank">Spotted Zebra</a> — Children’s clothes with bright colors and unique prints.</li> </ul></div> Largest U.S. Mall Will Feature More Housing & Entertainment Than Retail 2018-06-19T17:11:43-04:00 2018-06-19T17:11:43-04:00 https://www.retailtouchpoints.com/features/news-briefs/largest-u-s-mall-will-feature-more-housing-entertainment-than-retail Bryan Wassel feed@retailtouchpoints.com <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/99deb8dc4dafc46a89cd1a6409aaefcc_XL.jpg" alt="Largest U.S. Mall Will Feature More Housing & Entertainment Than Retail" /></div><div class="K2FeedIntroText"><p>Despite the alleged struggles of physical retail, Canadian developer <a href="http://triplefive.com/en/pages/home" target="_blank">Triple Five Worldwide</a> is planning to open American Dream Miami, the biggest mall in the U.S., according to <a href="https://www.wsj.com/articles/florida-officials-approve-plan-to-build-largest-u-s-mall-1529406001?mod=hp_lead_pos10" target="_blank"><i>The Wall Street Journal</i></a>. The proposed 6.2 million-square-foot retail and entertainment space would cost an estimated <b>$4 billion</b>, making it the most expensive mall ever built.</p> </div><div class="K2FeedFullText"> <p>American Dream Miami is betting on the draw of experiential retail: the complex will feature 2,000 hotel rooms, an indoor ski slope, an ice-climbing wall and a water park in addition to stores. The original plans filled the majority of the space with retailers, but the new version will put the emphasis on the entertainment side.</p> <p>{loadposition GIAA}</p> <p>While the amenities may seem excessive, analysts believe <a href="features/trend-watch/despite-anchor-store-closures-malls-can-secure-success-with-dining-experiences-entertainment" target="_blank">malls that prioritize high-end experiences</a> better cater to future generations of shoppers. High-performing “Class A” malls:</p> <ul> <li>Constitute only <b>20%</b> of the market, yet represent <b>72%</b> of total mall sales. — <a href="https://www.greenstreetadvisors.com/" target="_blank">Green Street Advisors</a>;</li> <li>Have experienced <b>double-digit sales growth</b> since 2012 — <a href="https://www.fungglobalretailtech.com/" target="_blank">Coresight Research</a>; and</li> <li>Are <b>90% </b>occupied. — <a href="https://www.atkearney.com/" target="_blank"><span style="font-size: 11pt; line-height: 107%; font-family: Calibri, sans-serif;">A.T. Kearney</span></a>.</li> </ul> <p>Triple Five has secured zoning from the Miami-Dade County Commission, and is in the process of securing environmental and water permits. The project still faces hurdles, though, including residents’ concerns about the traffic and environmental impact.</p> <p>Additionally, mall owners including <a href="http://www.simon.com/" target="_blank">Simon Property Group</a>, <a href="http://www.taubman.com/" target="_blank">Taubman Centers Inc.</a> and <a href="https://www.ggp.com/en.html" target="_blank">GGP Inc.</a> have formed the <a href="http://www.soflataxpayersalliance.com/" target="_blank">South Florida Taxpayers Alliance</a> to prevent the project from being subsidized by taxpayer money. In response, the Miami-Dade County Commission passed a resolution guaranteeing that the county won’t pay for any part of the construction project. Triple Five added that it does not plan to accept subsidies for the project.</p> <p>Similarities have been drawn between American Dream Miami and American Dream Meadowlands in New Jersey, which began construction in 2003 named Xanadu. The project stopped abruptly when the developer ran out of funding. The site was purchased by Triple Five in 2013; construction has resumed and the mall is scheduled to open in 2019.</p></div> <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/99deb8dc4dafc46a89cd1a6409aaefcc_XL.jpg" alt="Largest U.S. Mall Will Feature More Housing & Entertainment Than Retail" /></div><div class="K2FeedIntroText"><p>Despite the alleged struggles of physical retail, Canadian developer <a href="http://triplefive.com/en/pages/home" target="_blank">Triple Five Worldwide</a> is planning to open American Dream Miami, the biggest mall in the U.S., according to <a href="https://www.wsj.com/articles/florida-officials-approve-plan-to-build-largest-u-s-mall-1529406001?mod=hp_lead_pos10" target="_blank"><i>The Wall Street Journal</i></a>. The proposed 6.2 million-square-foot retail and entertainment space would cost an estimated <b>$4 billion</b>, making it the most expensive mall ever built.</p> </div><div class="K2FeedFullText"> <p>American Dream Miami is betting on the draw of experiential retail: the complex will feature 2,000 hotel rooms, an indoor ski slope, an ice-climbing wall and a water park in addition to stores. The original plans filled the majority of the space with retailers, but the new version will put the emphasis on the entertainment side.</p> <p>{loadposition GIAA}</p> <p>While the amenities may seem excessive, analysts believe <a href="features/trend-watch/despite-anchor-store-closures-malls-can-secure-success-with-dining-experiences-entertainment" target="_blank">malls that prioritize high-end experiences</a> better cater to future generations of shoppers. High-performing “Class A” malls:</p> <ul> <li>Constitute only <b>20%</b> of the market, yet represent <b>72%</b> of total mall sales. — <a href="https://www.greenstreetadvisors.com/" target="_blank">Green Street Advisors</a>;</li> <li>Have experienced <b>double-digit sales growth</b> since 2012 — <a href="https://www.fungglobalretailtech.com/" target="_blank">Coresight Research</a>; and</li> <li>Are <b>90% </b>occupied. — <a href="https://www.atkearney.com/" target="_blank"><span style="font-size: 11pt; line-height: 107%; font-family: Calibri, sans-serif;">A.T. Kearney</span></a>.</li> </ul> <p>Triple Five has secured zoning from the Miami-Dade County Commission, and is in the process of securing environmental and water permits. The project still faces hurdles, though, including residents’ concerns about the traffic and environmental impact.</p> <p>Additionally, mall owners including <a href="http://www.simon.com/" target="_blank">Simon Property Group</a>, <a href="http://www.taubman.com/" target="_blank">Taubman Centers Inc.</a> and <a href="https://www.ggp.com/en.html" target="_blank">GGP Inc.</a> have formed the <a href="http://www.soflataxpayersalliance.com/" target="_blank">South Florida Taxpayers Alliance</a> to prevent the project from being subsidized by taxpayer money. In response, the Miami-Dade County Commission passed a resolution guaranteeing that the county won’t pay for any part of the construction project. Triple Five added that it does not plan to accept subsidies for the project.</p> <p>Similarities have been drawn between American Dream Miami and American Dream Meadowlands in New Jersey, which began construction in 2003 named Xanadu. The project stopped abruptly when the developer ran out of funding. The site was purchased by Triple Five in 2013; construction has resumed and the mall is scheduled to open in 2019.</p></div> CVS Rolls Out Prescription Drug Delivery Nationwide 2018-06-19T16:50:56-04:00 2018-06-19T16:50:56-04:00 https://www.retailtouchpoints.com/features/news-briefs/cvs-rolls-out-prescription-drug-delivery-nationwide Glenn Taylor feed@retailtouchpoints.com <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/a477c110159450f24db2d792c3849a94_XL.jpg" alt="CVS Rolls Out Prescription Drug Delivery Nationwide" /></div><div class="K2FeedIntroText"><p><strong>CVS Health</strong> is rolling out prescription delivery to nearly all 9,800 CVS Pharmacy locations nationwide.</p> <p>Customers can now request prescription delivery online, via the CVS Pharmacy app or over the phone. Deliveries are made “as quickly as the next day,” according to a company statement. Shoppers also can add over-the-counter products to their delivery orders.</p> </div><div class="K2FeedFullText"> <p>{loadposition GIAA}The delivery service charge is $4.99, well below the $19.95 prescription delivery price charged by <strong>Walgreens</strong>.</p> <p>CVS also is adding <strong>same-day </strong>prescription delivery in select cities, expanding the service from New York City to Boston, Miami, Philadelphia, San Francisco and Washington, D.C. In these markets, same-day delivery costs $8.99.</p> <p>CVS will ship the products through the U.S. Postal Service, which can leave deliveries at customers' homes even if they're not there.</p> <p>The move comes as CVS navigates through a shifting landscape where more pharmacies are expanding health care capabilities. <a href="features/mergers-and-acquisitions/cvs-reportedly-bids-66-billion-on-aetna-as-amazon-gains-pharmacy-licenses-in-12-states" target="_blank">CVS acquired Aetna for $69 billion</a>, with the pharmacy citing that broader use of data and analytics would help patients avoid unnecessary hospital readmissions, thus lowering health care costs.</p> <p>CVS also may be prepping for potential disruption caused by <strong>Amazon</strong>. Amazon already has <a href="features/news-briefs/amazon-berkshire-hathaway-chase-health-care-venture-puts-pressure-on-top-pharmacy-players" target="_blank">partnered with Berkshire Hathaway and JPMorgan Chase to create an independent health care company for employees</a>, and has flirted with the idea of selling prescription drugssince gaining approval to become a&nbsp;<a href="features/mergers-and-acquisitions/cvs-reportedly-bids-66-billion-on-aetna-as-amazon-gains-pharmacy-licenses-in-12-states" target="_blank">wholesale pharmaceutical distributor in select U.S. states</a>. The e-Commerce giant currently sells private label over-the-counter drugs through a partnership with Perrigo and is licensed to distribute medical devices in nearly all U.S. states.</p></div> <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/a477c110159450f24db2d792c3849a94_XL.jpg" alt="CVS Rolls Out Prescription Drug Delivery Nationwide" /></div><div class="K2FeedIntroText"><p><strong>CVS Health</strong> is rolling out prescription delivery to nearly all 9,800 CVS Pharmacy locations nationwide.</p> <p>Customers can now request prescription delivery online, via the CVS Pharmacy app or over the phone. Deliveries are made “as quickly as the next day,” according to a company statement. Shoppers also can add over-the-counter products to their delivery orders.</p> </div><div class="K2FeedFullText"> <p>{loadposition GIAA}The delivery service charge is $4.99, well below the $19.95 prescription delivery price charged by <strong>Walgreens</strong>.</p> <p>CVS also is adding <strong>same-day </strong>prescription delivery in select cities, expanding the service from New York City to Boston, Miami, Philadelphia, San Francisco and Washington, D.C. In these markets, same-day delivery costs $8.99.</p> <p>CVS will ship the products through the U.S. Postal Service, which can leave deliveries at customers' homes even if they're not there.</p> <p>The move comes as CVS navigates through a shifting landscape where more pharmacies are expanding health care capabilities. <a href="features/mergers-and-acquisitions/cvs-reportedly-bids-66-billion-on-aetna-as-amazon-gains-pharmacy-licenses-in-12-states" target="_blank">CVS acquired Aetna for $69 billion</a>, with the pharmacy citing that broader use of data and analytics would help patients avoid unnecessary hospital readmissions, thus lowering health care costs.</p> <p>CVS also may be prepping for potential disruption caused by <strong>Amazon</strong>. Amazon already has <a href="features/news-briefs/amazon-berkshire-hathaway-chase-health-care-venture-puts-pressure-on-top-pharmacy-players" target="_blank">partnered with Berkshire Hathaway and JPMorgan Chase to create an independent health care company for employees</a>, and has flirted with the idea of selling prescription drugssince gaining approval to become a&nbsp;<a href="features/mergers-and-acquisitions/cvs-reportedly-bids-66-billion-on-aetna-as-amazon-gains-pharmacy-licenses-in-12-states" target="_blank">wholesale pharmaceutical distributor in select U.S. states</a>. The e-Commerce giant currently sells private label over-the-counter drugs through a partnership with Perrigo and is licensed to distribute medical devices in nearly all U.S. states.</p></div> Perry Ellis Goes Private, GameStop May Follow 2018-06-19T16:27:12-04:00 2018-06-19T16:27:12-04:00 https://www.retailtouchpoints.com/features/news-briefs/perry-ellis-goes-private-gamestop-may-follow Bryan Wassel feed@retailtouchpoints.com <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/0197ab1cfd761f24d6592262cec139cc_XL.jpg" alt="Perry Ellis Goes Private, GameStop May Follow" /></div><div class="K2FeedIntroText"><p><a href="http://www.pery.com/" target="_blank"><b>Perry Ellis International</b></a> has entered into a definitive merger agreement to be taken private under a newly formed entity controlled by Founder and Director George Feldenkreis. The transaction, which was unanimously approved by the Board of Directors, is valued at approximately $437 million.</p> <p>Feldenkreis will take an active role in the company following the completion of the transaction, which is expected to close in the second half of 2018. The current CEO, Oscar Feldenkreis will remain in his current position. Oscar Feldenkreis is the son of&nbsp;George Feldenkreis.</p> <p>“The completion of this transaction will enable Perry Ellis to preserve the integrity of its infrastructure and business units across the U.S. and abroad,” said Oscar Feldenkreis in a statement. “Perry Ellis intends to be at the forefront of the crucial digital transformation of the apparel industry from marketing to e-Commerce, to applications of artificial intelligence.”</p> <h2><b>Struggling GameStop Mulls Potential Sale</b></h2> <p><a href="https://www.gamestop.com/" target="_blank"><b>GameStop</b></a> also is in talks to be taken private, with <a href="http://www.sycamorepartners.com/" target="_blank">Sycamore Partners</a> among the groups expressing interest in the 7,000+-store video game and electronics retailer, according to <i><a href="https://www.cnbc.com/2018/06/18/retailer-gamestop-is-in-talks-with-buyout-firms-sources-say.html">CNBC</a></i>. However, there is no guarantee that the talks will result in a sale.</p> <p>Founded in 1984, GameStop has been undergoing executive turmoil recently: CEO Michael Mauler <a href="features/retail-movers-and-shakers/gamestop-ceo-steps-down-only-three-months-into-tenure">stepped down just three months after starting in the position</a> in May, for “personal reasons.” During Mauler’s tenure, COO Tony Bartel and EVP Michael Hogan were fired, while CIO Michael Cooper and CMO Randy Gier left the company voluntarily.</p> <p>GameStop has been struggling financially despite a solid performance in its physical stores. Total global sales increased <b>15%</b> in Q4 2017, but the company reported a net loss of <b>$105.9 million</b>. The retailer’s poor performance has been blamed on heavy competition from digital downloads.</p></div> <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/0197ab1cfd761f24d6592262cec139cc_XL.jpg" alt="Perry Ellis Goes Private, GameStop May Follow" /></div><div class="K2FeedIntroText"><p><a href="http://www.pery.com/" target="_blank"><b>Perry Ellis International</b></a> has entered into a definitive merger agreement to be taken private under a newly formed entity controlled by Founder and Director George Feldenkreis. The transaction, which was unanimously approved by the Board of Directors, is valued at approximately $437 million.</p> <p>Feldenkreis will take an active role in the company following the completion of the transaction, which is expected to close in the second half of 2018. The current CEO, Oscar Feldenkreis will remain in his current position. Oscar Feldenkreis is the son of&nbsp;George Feldenkreis.</p> <p>“The completion of this transaction will enable Perry Ellis to preserve the integrity of its infrastructure and business units across the U.S. and abroad,” said Oscar Feldenkreis in a statement. “Perry Ellis intends to be at the forefront of the crucial digital transformation of the apparel industry from marketing to e-Commerce, to applications of artificial intelligence.”</p> <h2><b>Struggling GameStop Mulls Potential Sale</b></h2> <p><a href="https://www.gamestop.com/" target="_blank"><b>GameStop</b></a> also is in talks to be taken private, with <a href="http://www.sycamorepartners.com/" target="_blank">Sycamore Partners</a> among the groups expressing interest in the 7,000+-store video game and electronics retailer, according to <i><a href="https://www.cnbc.com/2018/06/18/retailer-gamestop-is-in-talks-with-buyout-firms-sources-say.html">CNBC</a></i>. However, there is no guarantee that the talks will result in a sale.</p> <p>Founded in 1984, GameStop has been undergoing executive turmoil recently: CEO Michael Mauler <a href="features/retail-movers-and-shakers/gamestop-ceo-steps-down-only-three-months-into-tenure">stepped down just three months after starting in the position</a> in May, for “personal reasons.” During Mauler’s tenure, COO Tony Bartel and EVP Michael Hogan were fired, while CIO Michael Cooper and CMO Randy Gier left the company voluntarily.</p> <p>GameStop has been struggling financially despite a solid performance in its physical stores. Total global sales increased <b>15%</b> in Q4 2017, but the company reported a net loss of <b>$105.9 million</b>. The retailer’s poor performance has been blamed on heavy competition from digital downloads.</p></div> NRF Asks Congress To Intervene In ‘Reckless Escalation’ Of Tariff Threat 2018-06-19T10:55:53-04:00 2018-06-19T10:55:53-04:00 https://www.retailtouchpoints.com/features/news-briefs/nrf-asks-congress-to-intervene-in-reckless-escalation-of-tariff-threat Bryan Wassel feed@retailtouchpoints.com <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/5c09feb78747114a036f8edb8cb045bc_XL.jpg" alt="NRF Asks Congress To Intervene In ‘Reckless Escalation’ Of Tariff Threat" /></div><div class="K2FeedIntroText"><p>The <a href="https://nrf.com/" target="_blank">National Retail Federation</a> (NRF) has called on Congress to counter President Trump’s threat to place atariff on an additional <b>$200 billion</b> of Chinese goods, if China doesn’t yield to U.S. demands. The <a href="https://www.whitehouse.gov/briefings-statements/statement-president-regarding-trade-china/" target="_blank">current tariff</a> was set at <b>25%</b> and is focused on technological goods. The <a href="https://www.whitehouse.gov/briefings-statements/statement-president-regarding-trade-china-2/" target="_blank">proposed tariff</a> would be set at <b>10%</b> and would cover a range of products determined by the U.S. Trade Representative.</p> </div><div class="K2FeedFullText"> <p>A study conducted for NRF and the <a href="https://www.cta.tech/" target="_blank">Consumer Technology Association</a> found that the existing tariffs on <b>$50 billion</b> of Chinese imports would <a href="https://nrf.com/sites/default/files/China%20301%20Tariffs%20Job%20Impact_0.pdf" target="_blank">reduce U.S. gross domestic product by nearly<b> $3 billion</b></a>, leading to the <b>loss of 134,000 American jobs</b>. The study also found tariffs on an addition <b>$100 billion</b> of Chinese goods would raise the impact to a <b>$49 billion reduction</b> in GDP and <b>455,000 jobs lost</b>.</p> <p>{loadposition GIAA}</p> <p>“Higher prices for everyday essentials and lost jobs threaten to sap the energy out of the strong U.S. economy just as most Americans are starting to enjoy the benefits of historic tax reform,” said Matthew Shay, President and CEO of NRF in a statement. “This reckless escalation is the latest reminder that Congress must step in and exert its authority on trade policy.”</p> <p>China’s commerce ministry said it would take “qualitative” and “quantitative” measures, and “fight back firmly” against additional tariff measures by the U.S., according to <a href="https://www.reuters.com/article/us-china-stocks-close/china-stocks-sink-as-trumps-fresh-trade-threats-herald-darkest-hour-idUSKBN1JF0R7" target="_blank"><i>Reuters</i></a>. The threats and counter-threats were among the factors that caused stocks in Shanghai to fall <b>4% </b>to a two-year low, while the yuan fell to a more than <b>five-month low</b> against the dollar.</p> <p>Tariff concerns mirror the potential fallout of exiting NAFTA, which could <a href="features/news-briefs/report-nafta-exit-could-cost-retailers-15-8-billion-through-2020" target="_blank">cost retailers a combined <b>$15.8 billion</b></a> over next three years, according to a report from <a href="https://www.atkearney.com/" target="_blank">A.T. Kearney</a>. The study estimated that retail spending would fall by <b>$290 per year per U.S. household</b>, with as many as <b>128,000 retail-related jobs lost</b> within the next three years.</p> <p>However, a renegotiation of the treaty would have a relatively small impact, according to Alan Behr, Chair of the fashion practice at law firm <a href="https://www.phillipsnizer.com/" target="_blank">Phillips Nizer LLP</a> in an <a href="features/trend-watch/trump-s-first-100-days-set-uncertain-tone-for-trade-economic-future" target="_blank">interview with <i>Retail TouchPoints</i></a>. He noted that shoppers don’t care much about country of origin for most products, and therefore the industry “is not going to be affected by a one-country diminution.” For textiles in particular, the U.S. has many other trading partners to make up for any imports lost from Canada or Mexico.</p></div> <div class="K2FeedImage"><img src="https://www.retailtouchpoints.com/media/k2/items/cache/5c09feb78747114a036f8edb8cb045bc_XL.jpg" alt="NRF Asks Congress To Intervene In ‘Reckless Escalation’ Of Tariff Threat" /></div><div class="K2FeedIntroText"><p>The <a href="https://nrf.com/" target="_blank">National Retail Federation</a> (NRF) has called on Congress to counter President Trump’s threat to place atariff on an additional <b>$200 billion</b> of Chinese goods, if China doesn’t yield to U.S. demands. The <a href="https://www.whitehouse.gov/briefings-statements/statement-president-regarding-trade-china/" target="_blank">current tariff</a> was set at <b>25%</b> and is focused on technological goods. The <a href="https://www.whitehouse.gov/briefings-statements/statement-president-regarding-trade-china-2/" target="_blank">proposed tariff</a> would be set at <b>10%</b> and would cover a range of products determined by the U.S. Trade Representative.</p> </div><div class="K2FeedFullText"> <p>A study conducted for NRF and the <a href="https://www.cta.tech/" target="_blank">Consumer Technology Association</a> found that the existing tariffs on <b>$50 billion</b> of Chinese imports would <a href="https://nrf.com/sites/default/files/China%20301%20Tariffs%20Job%20Impact_0.pdf" target="_blank">reduce U.S. gross domestic product by nearly<b> $3 billion</b></a>, leading to the <b>loss of 134,000 American jobs</b>. The study also found tariffs on an addition <b>$100 billion</b> of Chinese goods would raise the impact to a <b>$49 billion reduction</b> in GDP and <b>455,000 jobs lost</b>.</p> <p>{loadposition GIAA}</p> <p>“Higher prices for everyday essentials and lost jobs threaten to sap the energy out of the strong U.S. economy just as most Americans are starting to enjoy the benefits of historic tax reform,” said Matthew Shay, President and CEO of NRF in a statement. “This reckless escalation is the latest reminder that Congress must step in and exert its authority on trade policy.”</p> <p>China’s commerce ministry said it would take “qualitative” and “quantitative” measures, and “fight back firmly” against additional tariff measures by the U.S., according to <a href="https://www.reuters.com/article/us-china-stocks-close/china-stocks-sink-as-trumps-fresh-trade-threats-herald-darkest-hour-idUSKBN1JF0R7" target="_blank"><i>Reuters</i></a>. The threats and counter-threats were among the factors that caused stocks in Shanghai to fall <b>4% </b>to a two-year low, while the yuan fell to a more than <b>five-month low</b> against the dollar.</p> <p>Tariff concerns mirror the potential fallout of exiting NAFTA, which could <a href="features/news-briefs/report-nafta-exit-could-cost-retailers-15-8-billion-through-2020" target="_blank">cost retailers a combined <b>$15.8 billion</b></a> over next three years, according to a report from <a href="https://www.atkearney.com/" target="_blank">A.T. Kearney</a>. The study estimated that retail spending would fall by <b>$290 per year per U.S. household</b>, with as many as <b>128,000 retail-related jobs lost</b> within the next three years.</p> <p>However, a renegotiation of the treaty would have a relatively small impact, according to Alan Behr, Chair of the fashion practice at law firm <a href="https://www.phillipsnizer.com/" target="_blank">Phillips Nizer LLP</a> in an <a href="features/trend-watch/trump-s-first-100-days-set-uncertain-tone-for-trade-economic-future" target="_blank">interview with <i>Retail TouchPoints</i></a>. He noted that shoppers don’t care much about country of origin for most products, and therefore the industry “is not going to be affected by a one-country diminution.” For textiles in particular, the U.S. has many other trading partners to make up for any imports lost from Canada or Mexico.</p></div>