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Ikea Owner Takes Stake in New Fifth Avenue Office Tower, Plans NYC Store
Ingka Investments — the investments arm of Ingka Group, which owns the majority of Ikea stores worldwide — has invested in a new retail office tower being built on New York…
News July 2
JCPenney, Rare Beauty Partner to Support Emerging Female-Led Brands
JCPenney and Rare Beauty Brands have created the Lift Beauty Accelerator, a brand incubation initiative aimed at beauty brand founders from underrepresented backgrounds. The program will award $10,000 grants, retail…
News July 2
E.l.f. Tests Out Real-World Product Sales on Roblox
E.l.f. has become the first beauty brand to test real-world commerce in the Roblox virtual world, via the platform’s collaboration with Walmart. E.l.f. has created a virtual kiosk within its E.l.f.…
News July 2
UPDATE: Bankruptcy Judge Approves Rite Aid Restructuring Plan to Cut $2 Billion in Debt
[Update as of July 2, 2024] U.S. Bankruptcy Judge Michael Kaplan has approved a restructuring plan for Rite Aid that would cut the retailer’s debt by $2 billion and allow…
News July 2
B2B Marketplace Faire Accelerates the Digitization of an Underserved Market: Wholesale
For nearly two decades now online marketplaces have proliferated, beginning with Ebay and Amazon, followed by Walmart, Etsy and countless others. But one area of commerce has stubbornly resisted this…
Features July 2
How Subscription Merchants can Prevent Chargebacks on Recurring Payments
There’s no denying that the subscription economy is booming. In fact, the financial services firm UBS projects that the market will hit $1.5 trillion by 2025. Yet despite that robust…
Executive Viewpoints July 2
Alibaba to Scale AI Access for SMBs Worldwide
Alibaba has revealed that its AI tools for global suppliers have been adopted by approximately 30,000 smaller businesses on its platform, including many in developing countries. According to the global…
News July 1
Harps Food Stores Enables Real-Time Personalization at Checkout
Harps Food Stores is deploying a new integration between customer intelligence platform Birdzi and POS system ECRS to offer real-time personalization of shoppers’ digital coupons and loyalty rewards in stores.…
News July 1
Save Mart Companies Acquired by Canadian Holding Co. Jim Pattison Group
The Save Mart Companies — which includes grocery banners Save Mart, Lucky California and FoodMaxx — has undergone its second change of hands in two years, with multiple sources reporting…
News July 1
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