A new startup wants to make it easy for digitally native brands to enter the physical space by significantly lowering the costs associated with customer acquisition, leasing and operating stores, shipping product and handling returns.
Global retail markets will deliver mixed results in 2020.
That’s according to a new report from The Economist Intelligence Unit, which found that in volume terms, sales growth will slow in 2020 compared with 2019, but in U.S.
Ikea U.S. wants to remove waste from its reverse supply chain as part of its commitment to build a circular business.
Ikea U.S. is partnering with Optoro, a provider of returns optimization technology.
Publix Super Markets is expanding its revamped organic and natural foods concept, GreenWise Market.
GreenWise Market has opened a new store in Lexington, South Carolina, at the Lexington Marketplace. It is the fifth GreenWise
The Yankee Candle Company wants to be known as a leader in home fragrance, not just a candle company.
The iconic candle brand debuted a new store concept at Natick Mall, Natick, Mass., that features an untraditional merchandising strategy and an
Not all customers are keen on loyalty programs.
Thirty-eight percent of customers generally avoid participating in retail loyalty programs, according to a report by CFI Group and Radial. Of that group, 53% say they don’t sign up becaus
A direct-to-consumer beauty brand with a cult following is going offline — at least for a while.
Glossier will open seven pop-ups at select Nordstrom stores, including its new flagship in New York, CNBC reported. The tie
A late-night spending spree gave a big boost to Cyber Monday sales.
Based on data from Adobe Analytics, a record $9.4 billion was spent online by the end of Cyber Monday, an increase of 19.7% over last year, making it th
A record 189.6 million U.S. consumers shopped (combined, in stores and online) from Thanksgiving Day through Cyber Monday this year, according to a report by National Retail Federation and Prosper Insights & Analytics.
Casper has made two important hires amid its ongoing expansion across channels, including brick and mortar.
The digitally native mattress retailer has appointed Emilie Arel as president and chief commercial officer.
The largest retail optical company in Canada is expanding its market reach.
New Look Vision Group has entered into an agreement to acquire substantially all of the assets of Miami-based Coco Lunette Holding, which does busi
There is more evidence that Black Friday is losing its attraction — among store shoppers, that is.
Shopper visits to brick-and-mortar stores and shopping centers dropped 6.2% on Black Friday versus last year, according to data from ShopperTrak (p
More than half of Black Friday purchases were with brands shoppers had never previously purchased from.
That’s according to data from retail marketing tech company Bluecore, which found that 54% Black Friday purchases were made by first time-buye
The Kroger Co. is entering the meal-delivery business via a fast-growing new trend.
The nation’s largest supermarket retailer launched a partnership with ClusterTruck, a software platform that powers delivery-only kitchens.
Consumers were in a spending mood for the official kick-off of the holiday shopping season.
Beginning on Thanksgiving Day, consumers spent an estimated average of $504, with 50$ spending more than last year, setting the stage for a strong season,
A brand acquisition and licensing firm has made an offer to buy the brand name, online business and other intellectual assets of Destination Maternity for approximately $50 million.
The bankrupt retailer announced it has made a motion to ap
One in four consumers will spend less due to trade tensions this holiday season.
Despite the current positive outlook for holiday spending, uncertainty around trade tensions, tariffs and an impending economic downturn may curb receipts
Foot Locker reported stronger-than-expected third quarter earnings amid rising same-store sales.
The athletic shoe and accessories retailer reported that its net income fell to $125 million, or $1.16 a share, from $130 million, in the quarter end
Retailers aren’t letting privacy concerns and issues hold them back from Internet of Things adoption.
That’s according to a new report from PwC, which revealed the retail industry has the highest percentage of companies with active IoT projects (
The finance head of Office Depot is leaving to join the automotive retail sector.
Office Depot announced that Joseph T. Lower, executive VP and CFO, is leaving the company, effective January 10, 2020, to become CFO at AutoNation.
Destination XL Group widened its loss in the third quarter as new promotional events failed to drive sales.
The nation’s largest men’s big and tall specialty retailer also announced it has appointed Ujjwal Dhoot as chief digital officer, ef
That didn’t take very long.
Walmart’s Jet subsidiary is ending its fresh-food delivery business in New York City about a year after it launched the service, reported Business Insider. The news was first reported by Bloomberg.
Target Corp. is charging into the all-important holiday shopping season on the heels of a stellar third quarter that buoyed the industry after disappointing third-quarter results from Kohl’s Corp. and J.C. Penney Co.
America’s oldest luxury leather goods brand has returned to the U.S. retail scene.
Upscale handbag and accessories company Mark Cross has opened its first retail location since the 1990s, on Madison Avenue in New York City.
Two retail giants provided interesting insights into how they are working to improve communications and get more personal with shoppers in a presentation at the 2019 Path to Purchase Expo (P2PX) in Chicago.
An ethically-sourced, digitally native bridal and fine jewelry has put down roots in Philadelphia.
Brilliant Earth opened its eighth physical location, a showroom in the heart of Philly’s Rittenhouse Square. The 2,000-sq.-ft.
A new forecasts predicts the two busiest days of holiday returns.
UPS projects that holiday returns will peak on January 2, 2020, dubbed “National Returns Day” by the shipping giant, with 1.9 million returns taking place.
A just-released holiday survey is not quite as robust as most others.
U.S. retail sales are expected to grow 3.1% (excluding automotive) between November 1 and December 24 this year over last, according to Mastercard SpendingPulse.
Genesco Inc. has named the 12th chief executive officer in its 95-year history.
The parent company of Journeys, Johnston & Murphy and other footwear brands has appointed its current COO, Mimi Vaughn, as CEO and president, effective Feb.
Walgreens has named a chief marketing office with a digital background.
The drugstore giant has appointed Patrick McLean as chief marketing officer, effective Nov.4. He replaces Alyssa Raine, who was named acting chief marketing officer in
Intense competition and digital investments are putting pressure on retailers’ profits.
That’s according to a new report from Moody’s Investors Services which has revised its outlook for U.S. retail from positive to stable from positive.
Marathon Petroleum Corp. is spinning off its Speedway retail network into an independent, publicly-traded company.
The move follows a review from Marathon’s board of directors and engagement with financial and other advisors.
There was no last-minute white knight for beleaguered luxury retailer Barneys New York.
Authentic Brands Group announced it has completed the purchase of the intellectual property of Barneys New York. The sale price was $271.4 million.&