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WSJ: Gap to Lay Off 500 Workers as it ‘Flattens the Organization’
Gap will reportedly eliminate approximately 500 corporate jobs globally as part of a restructuring effort, people familiar with the matter told The Wall Street Journal. The cuts, which will be…
News April 26
Authentic Brands Group Buys Vince IP in $76.5 Million Deal
Authentic Brands Group will purchase the intellectual property of luxury apparel and accessories brand Vince for $76.5 million in cash and a 25% interest in ABG Vince, a newly formed…
News April 26
Reuters: Discount Shopping App Temu Expands into Europe
The latest discount shopping app out of China, Temu — which has been giving competitors Shein and Wish a run for their money in the U.S. — has expanded into…
News April 26
Toys ‘R’ Us Continues Revival with Mexico Launch
Toys ‘R’ Us parent company WHP Global has entered a partnership with omnichannel retailer El Puerto de Liverpool to launch the toy brand in Mexico for the first time. Initial…
News April 26
Ikea, Lowe’s Target Business Customers with Enhanced Loyalty Programs and Services
Major retailers are increasingly rolling out the red carpet to draw in small business customers: Ikea has launched a new loyalty program for SMBs called the Ikea Business Network, and…
News April 26
Home24 Enhances Search to Help Shoppers Better Browse its 200,000 SKUs
Home and living ecommerce company Home24 is improving product search on its website and mobile app through a partnership with Constructor that will enable more feature-rich, intuitive and personalized experiences…
News April 26
Addressing New Challenges in Managing Retail and Service Employees Post-Pandemic
The COVID-19 pandemic brought more changes to the retail and related service sectors than any other event in recent memory. These situations continue to impact the retail environment and especially…
Executive Viewpoints April 26
How Northern Tool Cut Corrugate Spending 30% and Enhanced its Unboxing CX
If you’ve ever ordered anything online, this has undoubtedly happened to you: you open up a too-big box that contains the items you ordered — and a lot of air…
Features April 26
Luxury Mattress Brand Hästens Plans to Open 20 Stores in U.S.
Swedish luxury bed and mattress company Hästens has teamed up with luxury distributor MadaLuxe Group to open 20 Hästens stores across the U.S. over the next five to seven years.…
News April 26
