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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
How Shop Premium Outlets is Helping Brands ‘Light Up’ Excess and Outlet Inventory
It’s been more than four years since mall operator Simon launched its ecommerce joint venture with Rue Gilt Groupe, and the Shop Premium Outlets (SPO) marketplace is going strong. The site, aimed…
Features February 14
How the Not-Amazons of the World Should Approach Commerce Media
All eyes in the retail world are on opportunities in commerce media right now — and rightfully so, given that the already-massive spend in this channel is expected to double…
Executive Viewpoints February 14
New Crocs and Famous Footwear Product Drop Supports U.S. Foster Youth
It’s fair to say that Crocs has mastered the art of the product drop, collaborating with obvious (and not-so-obvious) partners on exclusive designs and collections. The casual footwear brand’s latest…
News February 14
Kroger Plans to Cut Prices Following Completion of Albertsons Merger
Citing its actions following previous corporate mergers, Kroger said it plans to lower prices when its planned merger with Albertsons is finalized. The supermarket giant will invest $500 million to…
News February 13
SpartanNash Expands Robot-Supported Inventory Insights to 75 Stores
Following a 15-store pilot project that kicked off in May 2023, SpartanNash has deployed Tally, an autonomous inventory robot, in 60 more company-operated stores across the Midwest. The retailer operates…
News February 13
Wish Sold to Asian Ecommerce Platform Qoo10 for $173 Million
After years of decline, ContextLogic has sold its discount shopping app Wish for approximately $173 million in cash to Qoo10, an ecommerce platform that operates localized online marketplaces throughout Asia.…
News February 13
