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Sephora, Rent The Runway Pledge To Devote 15% Of Shelf Space To Black-Owned Companies
Sephora has signed on to the 15% Pledge, a call for major retailers to reserve 15% of their shelf space for items produced by black-owned businesses. The 15% figure is…
News June 10Signet Jewelers To Shutter 230 North America And UK Stores
After seeing sales sink 40.5% during Q1 2021 following temporarily closures of its North American stores due to COVID-19, Signet Jewelers is accelerating its “Path to Brilliance” strategy, designed to…
News June 10
Simon Calls Off Merger With Taubman, Citing Impact Of COVID-19
Simon Property Group has terminated its proposed merger agreement with Taubman Centers. Simon also has filed an action against Taubman. requesting a declaration that Taubman has suffered a Material Adverse…
News June 10Starbucks Could Lose $3.2 Billion To COVID-19, But It Will Forge Ahead With More Pickup Options
Starbucks expects a revenue loss as high as $3.2 billion for Q3 2020 due to the COVID-19 pandemic, according to a letter to shareholders seen by CNBC. However, the company…
News June 10
Fitz Frames Uses App-Based Facial Mapping, 3D Printing To Refocus Eyewear Retail
Heidi Hertel was a mom of three whose daughters needed eyeglasses, but she found the process frustrating. Kids’ eyewear was limited in selection and designed to fit a large range…
Features June 10Macy’s Projects 45% Q1 Sales Drop, Secures $4.5 Billion To Maintain Liquidity During Recovery
Macy’s reported a preliminary Q1 2020 sales decline of 45%, to $3 billion, but the retailer expects to make a “gradual” recovery following a strong reopening effort. The company also…
News June 10
The Looming Spike In Returns Abuse
Consumer-friendly and flexible return policies can be the difference between getting a new customer and losing a sale. According to proprietary research conducted by Forter, 23% of shoppers will abandon…
Executive Viewpoints June 10Klarna Launches Global Multi-Retailer Loyalty Program
Klarna, a buy now/pay later payments provider, has introduced the Vibe loyalty program. The no-fee offering will roll out in the U.S. in June, before being extended to Germany, Australia,…
News June 9Walmart Pledges $100 Million To Create Racial Equity Center
Responding to the mass protests that have been catalyzed by the death of George Floyd in police custody, Walmart will commit $100 million over the next five years to create…
News June 9
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