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Reports: David’s Bridal Sold in Deal That Keeps Nearly 200 Stores Open
David’s Bridal, which declared bankruptcy in April 2023, has been sold to CION Investment Corp. in a no-cash transaction, according to multiple media reports. The deal, which has been approved…
News July 18
True Religion Hires First-Ever Chief Marketer
True Religion has appointed Kristen D’Arcy as its new Chief Marketing Officer, reporting directly to CEO Michael Buckley. The Y2K-era brand is in the midst of a cultural resurgence and…
News July 18
Temu Sues Shein for Anticompetitive Practices with Manufacturers
The competition between discount shopping apps Temu and Shein is increasingly playing out in the courts. In its latest salvo, Temu has accused Shein of anticompetitive practices in a lawsuit…
News July 18
Academy Sports + Outdoors Expands Revionics Partnership to Optimize Customer-Centric Pricing
Academy Sports + Outdoors will extend its use of Revionics’ pricing intelligence software. As part of the new multiyear agreement — which builds upon a partnership that started in 2016…
News July 18
Customer Base, Digital Capabilities and Strategic Synergies are Driving Valuations in DTC Mergers and Acquisitions
The mergers and acquisitions market remains strong for direct-to-consumer firms that operate across a spectrum of channels, but investors are now going back to the fundamentals and targeting companies with…
Executive Viewpoints July 18
Stylitics Buys Fashion-Oriented Visual AI Solution Wide Eyes
Stylitics has purchased Barcelona-based Wide Eyes, a visual AI solution for fashion and retail, to enhance its digital merchandising platform with image recognition and AI tech designed to drive easier…
News July 17
Travel Retailer Dufry Aims to Help On-the-Go Customers with AR Try-On
Dufry has teamed up with AR tech solution Perfect Corp. to offer in-store and web-based virtual makeup try-on for products across 15 brands. The virtual try-on experience is now available…
News July 17
Radar Secures $30 Million in Series A Funding
Radar, a technology company that provides a platform to support in-store inventory accuracy and location, has secured $30 million in a Series A funding round led by returning investor Align…
News July 17
IoT in Retail: Top 5 Use Cases and Real-Life Examples
Connecting the world of physical objects into a smart network, IoT technology brings new business opportunities for retailers and provides data-driven insights for decision-makers. According to Grand View Research, the…
Executive Viewpoints July 17
