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acquisition Bergdorf Goodman Coupang Farfetch Kering luxury ecommerce Neiman Marcus Group
Kering is pulling brands like Gucci off of the Farfetch marketplace.

UPDATE: Farfetch CEO Out as Luxury Brands Including Kering, Neiman Marcus Flee the Platform in Wake of Sale to Coupang

[Update from 2/15/2024] Farfetch Founder and CEO Jose Neves is stepping down and further layoffs are imminent, according…

News February 15
earnings report Gymboree new financing operating loss PJ Place strategic alternatives Sugar & Jade The Children's Place
The Children's Place is looking at 'strategic alternatives' as losses widen.

UPDATE: Saudi Investor Group Takes Majority Stake in Children’s Place, Offers Financing as Retailer Works to Avoid Bankruptcy

[Update from 2/15/24] Shares of The Children’s Place (NASDAQ: PLCE) are up 80% in early trading today on…

News February 15
debt restructuring express potential bankruptcy whp global
Express may be headed for bankruptcy.

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…

News February 14
c-suite Caper Carts executive departures instacart layoffs retail media
Instacart's Caper Carts division is another area the company hopes to fund "more fully" as it restructures.

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…

News February 14
acquisition ContextLogic discount shopping apps eBay Giosis online marketplace Qoo10 SHEIN Temu wish
Wish has been sold to Asian ecommerce platform Qoo10.

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…

News February 13
2027 Ad Hoc Group acquisition Coupang Farfetch going private investor pressure luxury retail online retail south korea
Farfetch has been acquired by Coupang.

Update: Farfetch Sale to Coupang Goes Through Despite Investor Objections

[Update 2/5/24] Despite the objections of a significant group of Farfetch investors, South Korean ecommerce company Coupang completed its…

News February 5
design:retail design:retail News doordash petsense tractor supply

Despite Challenging 2023, Tractor Supply Plans 90+ Store Openings This Year

Even in the face of an 8.6% net sales decline in Q4 2023, Tractor Supply still plans to…

News February 2
design:retail design:retail News marshall retail group whsmith

WHSmith Plans 110+ Store Openings in 2024 with Over 50 in North America

UK-based travel retailer WHSmith is bullish on growth prospects for 2024, with plans to open more than 110…

News February 2
AI assistant Amazon aws earnings report generative AI Prime Video Rufus
Amazon's new Rufus AI shopping assistant.

As Amazon Launches AI Shopping Assistant, Jassy Predicts AI will Drive ‘Tens of Billions’ in Revenue in Coming Years

Amazon has debuted Rufus, a new generative AI-powered conversational shopping experience, at the same time that it reported…

News February 2
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