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Aritzia’s U.S. Revenue Jumps 54% as Store Expansion Continues
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Party City to Deploy Price Optimization Solution
Party City has partnered with The Parker Avery Group to roll out a price optimization solution based on the solution provider’s Enterprise Intelligence analytics platform. The retailer chose Parker Avery…
News February 15
Skechers Opens 5,000th Store, Aims for 10,000 Total
Skechers has opened store number 5,000, in Bogotá, Colombia, nearly 30 years after opening its first store in Manhattan Beach, Calif. The sports apparel and performance shoe retailer’s first international…
News February 15
Staples Rebrands, Enhances Loyalty Program
Staples has renamed and upgraded its Staples Rewards loyalty program. The new Easy Rewards program, which is free to join, is designed to deliver customized savings and benefits based on…
News February 15
UPDATE: Saudi Investor Group Takes Majority Stake in Children’s Place, Offers Financing as Retailer Works to Avoid Bankruptcy
[Update from 2/15/24] Shares of The Children’s Place (NASDAQ: PLCE) are up 80% in early trading today on the news that Mithaq Capital has taken a 54% controlling stake in…
News February 15
Venus et Fleur
Venus et Fleur, the luxury gifting brand known for its Eternity florals, has opened its 10th retail location at the River Oaks District shopping complex in Houston. This is the…
News February 15
Building Connected Commerce in the Age of Loneliness
In May 2023, the U.S. Surgeon General declared the country had entered a loneliness epidemic, which could prove an existential threat to the health of our society and its people…
Executive Viewpoints February 15
Express Launches Debt Restructuring Effort in Bid to Avoid Bankruptcy
Amid declining sales, apparel retailer Express has hired restructuring adviser M3 and law firm Kirkland & Ellis to help restructure nearly $280 million of debt, according to the Wall Street Journal,…
News February 14
Instacart Lays Off 250 in Move to Streamline and Focus on Growing Retail Media Business
Instacart has laid off 250 employees in a move to “reshape” the newly public company, as it looks to “focus on our most promising initiatives and execute more efficiently to…
News February 14
Staples to Deploy AI-Powered Robotic Picking in Fulfillment Centers
Staples will install autonomous item-handling robots in its fulfillment centers as part of a multi-year agreement with RightHand Robotics. The solution provider’s RightPick system is powered by advanced hardware, a…
News February 14
