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JOANN Stores Files for $100 Million IPO
JOANN Stores has submitted the paperwork for a proposed $100 million initial public offering, according to the SEC. The proceeds of the IPO are intended for “general corporate purposes,” according…
News February 17Stimulus Checks Spur 5.3% Jump in January Retail Sales
Retail sales rose higher than expected in January, reaching a total of $568 billion, a 5.3% increase from December 2020, according to the U.S. Census Bureau. The jump in consumer…
News February 17Standard Cognition Raises $150 Million, Plans to Outfit 50,000 Checkout-Free Stores Over Five Years
Standard Cognition has a raised $150 million in a Series C funding round led by SoftBank Vision Fund 2, with participation from existing investors CRV, EQT Ventures and TI Platform…
News February 17Guitar Center Appoints First Director of Diversity, Inclusion and Belonging
Guitar Center has named Paul Gimenez to the position of Director of Diversity, Inclusion and Belonging. The appointment follows a months-long search that stemmed from a commitment by the retailer…
News February 17Investors, Real Estate Execs Agree: ‘Medtail’ Investments Will Surge in 2021
With the acceleration and volatility of COVID-19, the wellness industry saw a surge in consumer demand and supplier activity. In particular, preventative wellness became more of a priority for the…
Features February 17How Retail Businesses Can Use Customer Data to Enhance Targeted Marketing
As soon as COVID-19 and the ensuing stay-at-home orders first hit the U.S. in March 2020, consumer buying behavior began shifting. As a result, retailers needed to reshape their ordering…
Executive Viewpoints February 17Target Names First Chief Growth Officer, Announces Series of C-Level Promotions
Target has made a number of changes across its executive leadership team, including the promotion of Christina Hennington to the newly established role of EVP and Chief Growth Officer. Additional…
News February 16Adidas Divests Reebok, Plans to Focus on Flagship Brand
Adidas will cut Reebok loose following an assessment undertaken as part of the retailer’s soon-to-be-announced five-year strategy. As a result, it will report Reebok as “discontinued operations” from Q1 2021…
News February 16Maisonette Raises $30M in Series B Funding, Appoints Alibaba Exec to Board
Children’s goods marketplace Maisonette has raised $30 million in Series B funding and added Pierre Poignant, Co-founder of Lazada and Special Assistant to the CEO and Chairman of Alibaba, as an independent member…
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