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Global Brands Acquires Fred Segal, Plans International Expansion
Global Icons has acquired Fred Segal for an undisclosed sum. The company plans to expand the clothing and accessories retailer’s international presence while maintaining its domestic growth, which includes a…
News March 29H&M Sales Rise 10% In Q1 2019 As Turnaround Plan Takes Off
Turnaround plans for H&M seem to be paying off: the company reported a net sales increase of 10% during Q1 2019. The retailer attributed this growth to its ongoing brick-and-mortar…
News March 29Stage Stores Accelerates Off-Price Conversion Strategy, Anticipates 300 Gordmans Stores By 2020
Stage Stores is accelerating the conversion of its department stores to Gordmans stores after the off-price banner has achieved considerable success. Michael Glazer, President and CEO of Stage Stores, revealed…
News March 29
Lamps Plus Texting Function Allows Associates To Be Customers’ ‘Eyes’ In The Store
Anyone who has spent hours picking out home furnishings knows that little details matter before making a final decision. But what if you wanted to know something really specific —…
Features March 29
Albertsons CEO Steps Away Six Months After Assuming Role, Will Remain Co-Chair
Albertsons Companies has appointed Vivek Sankaran as President and CEO, effective April 25, 2019. Sankaran, presently CEO of PepsiCo Foods North America, will replace current President and CEO Jim Donald…
News March 29Defining ‘Direct To Consumer’
By Ashwin Ramasamy, PipeCandy If you’re a follower of retail, you have definitely stumbled upon these terms in your news feed — DTC, D2C, DNVB. Andy Dunn, the co-founder of men’s…
Executive Viewpoints March 29
Casper Becomes Third Retailer In Two Weeks To Reach ‘Unicorn’ Status
Casper is joining Glossier and Rent the Runway as the latest digital native retailer to be valued at $1 billion, on the heels of a new $100 million Series D…
News March 287-Eleven Launches Innovation-Focused Lab Store
7-Eleven has opened its first U.S. lab store in Dallas for the retailer to test new products, services and layouts. The store’s emphasis on innovation includes freshy made baked goods,…
News March 28Poshmark Launches Service To Help Sellers Calculate State And Local Sales Taxes
Poshmark will launch Posh Remit, a service that calculates, collects and submits state and local sales tax on all eligible orders from shoppers across the country on behalf of its sellers,…
News March 28
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