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Nike Acquires Celect To Better Anticipate Customer Demand
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,…
News August 7KushCo Holdings To Launch Retail Services For CBD Brands
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…
News August 7Walgreens Will Close 200 U.S. Stores, While CVS Plans To Slow Store Expansion
Walgreens plans to shutter 200 stores in the U.S., revealing the closures two months after parent company Walgreens Boots Alliance said it would close approximately 200 Boots drugstores in the…
News August 7Is Private Equity To Blame For Retail Job Losses And Bankruptcies?
Private equity firms have been in retail news recently for all the wrong reasons: private equity ownership appears to be a common denominator with many bankruptcy filings over the past…
Executive Viewpoints August 7Geofencing And Mobile Push Notifications: A Match Made In Customer Engagement Heaven
In a world where people are bombarded by noise and messages at all times, there’s extreme value in being able to communicate instantly and directly with consumers. Breaking through the…
Executive Viewpoints August 7Exclusive Q&A With Shopify Plus VP: Why DTC Isn’t Slowing Down Any Time Soon
Shopify has been one of the biggest growth stories within e-Commerce in recent years, with the company’s stock skyrocketing 130% year-to-date and a reported 48% revenue surge of $362 million…
Features August 7Longtime Victoria’s Secret CMO Will Resign
Ed Razek, CMO of Victoria’s Secret parent L Brands, will step down from the role he has held since 1983. In an internal memo to staff, L Brands Chairman and…
News August 6Raley’s Expands Dynamic Pricing To All Stores
Raley’s is bringing dynamic pricing across the entire chain through the Eversight Pricing Suite. The software is designed to optimize product categories across various strategic goals to make pricing decisions…
News August 6Barneys New York Files For Bankruptcy, Will Close 15 Stores And Seek Buyer
UPDATE: Barneys New York revealed it has secured new financing of $218 million from Brigade Capital Management, LP and B. Riley Financial, Inc., replacing the previously announced $75 million initially offered…
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