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Best Buy Builds on Commitment to BIPOC Businesses via Search for New Suppliers
Best Buy is working with online sourcing platform RangeMe to help it discover and work with a more diverse range of suppliers. The partnership builds on the retailer’s commitment to…
News December 22
Luxury’s ‘Paradigm Shift’ to Online: COVID Necessity Becomes Growth Engine
After a sharp contraction in 2020, luxury is back in business, with Bain & Company forecasting that sales of personal luxury goods will finish out the year 29% higher than…
Features December 22
The Existential Threat to Ecommerce
By all accounts, the pandemic was a boon to ecommerce. A McKinsey Report noted that lockdown orders crammed a decade’s worth of ecommerce growth into just 10 months. More people…
Executive Viewpoints December 22
Ahold Online Retailer Takes Majority Stake in Cycling-Oriented Delivery Service
Ahold Delhaize’s online retailer operating in the Benelux countries, bol.com, has taken a majority stake in delivery company Cycloon. With its national network of bicycle couriers and postal delivery staff,…
News December 21
Rite Aid to Shutter 63 Stores as it Creates a ‘Healthy Foundation’ for Future Growth
Rite Aid is closing 63 stores as the retailer aims to “reduce costs, drive improved profitability and ensure that Rite Aid has a healthy foundation to grow from, with the…
News December 21
Virtual Queues: The Waiting Isn’t the Hardest Part
Throughout the 2010s, brick-and-mortar retailers worked hard to keep up with the evolving consumer landscape. Then COVID-19 arrived and accelerated the rate of change, challenging stores even more to keep…
Executive Viewpoints December 21
A Pea in the Pod Returns to Physical Retail With Locations in NYC and Chicago
Maternity retailer A Pea in the Pod has returned to brick-and-mortar with stores in Chicago and New York City. The two shops will carry an assortment of maternity and nursing…
News December 20
Reports: Sears to Sell or Redevelop Headquarters in the Chicago Suburbs
Sears is planning for the sale or redevelopment of its Hoffman Estates, Ill. corporate headquarters, according to The Chicago Tribune and CNBC. The sale of the 273-acre Chicago-area campus, which…
News December 20
Why One DTC Skincare Brand Decided to Acquire its own Social Commerce Solution
The global social commerce market is expected to reach $2.9 trillion by 2026, and B2C brands are poised to make up nearly all of that revenue, according to Research and…
Features December 20
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