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Asos Sells Majority Stake in Topshop, Topman as Turnaround Effort Continues
British online retailer Asos has agreed to sell a 75% stake in its Topshop and Topman brands to investment company Heartland for £135 million (approximately $180 million), multiple sources report.…
News September 5
Luxury Brands Respond to Spending Slowdowns with M&A Activity and Gen Z-Friendly Branding
Following a record year in 2023, the luxury market is navigating a confluence of disruptions, from global conflicts and economic volatility to changing consumer expectations. After exceeding a record €1.5…
Features September 5
Just Walk Out Technology Scores at Football Stadiums and on College Campuses
Amazon’s Just Walk Out (JWO) cashierless technology has found a welcoming home in sports stadiums, a trend that will continue this fall, with a total of 14 new stores joining…
News September 4
Nordstrom Family Members, Mexican Retailer Offer $3.76B to Take Retailer Private
Nordstrom has received a bid from members of the Nordstrom family, along with Mexican department store retailer El Puerto de Liverpool, to take the company private in a deal valued…
News September 4
Consumer Products Watchdog Calls for Investigation of Shein, Temu Business Practices
Two commissioners at the U.S. Consumer Product Safety Commission (CPSC) have called for an investigation into the operations of foreign-owned ecommerce sites, with Shein and Temu named specifically. Commissioners Peter Feldman…
News September 4
Rite Aid ‘Marks a New Beginning’ as Private Company with Emergence from Bankruptcy, New CEO
Rite Aid has successfully completed its financial restructuring and emerged from Chapter 11 as a private company. The chain now has a smaller store footprint of approximately 1,300 stores, down…
News September 4
UPDATE: UK’s Mountain Warehouse Acquires Eastern Mountain; All Bob’s Stores to Close Following Bankruptcy
[Update as of Sept. 4, 2024] UK retailer Mountain Warehouse has been approved to acquire seven Eastern Mountain Sports (EMS) stores after no other offers followed the chain’s August 2023…
News September 4
Reimagining Retail: Where Online Meets the High Street
Embracing the Evolution In an era when digital convenience often reigns supreme, physical stores face the challenge of declining foot traffic. Despite the undeniable appeal of online shopping, which offers…
Executive Viewpoints September 4
Next-Gen Retail: Crafting the Ultimate Omnichannel Journey
In today’s world, a stellar customer experience (CX) isn’t just a nice perk with which to provide customers — it’s table stakes. Consumer expectations are at an all-time high, and…
Executive Viewpoints September 4
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