Amazon has brought the saying, “Christmas in July” to life with its Prime Day global shopping extravaganza and this year's event promises to be bigger than ever.
Mark Tritton, Target’s executive VP and chief merchandising officer, discussed the retailer's new exclusive brands in a posting on the company's corporate website. Here are some key excerpts:
What’s the inspiration behind these new brands?
Amazon has completed its acquisition of e-commerce company souq.com, a leader in the Middle East's online shopping market. The deal, which was initially announced in March, closed for $580 million in cash, according to filings with the United States Securities and Exchange Commission.
Target Corp. is doubling down on its efforts to distinguish itself with exclusive brands and to be a leader in two key categories.
The discounter revealed in a posting on its web site that it will launch three new apparel brands and one new home goods brand in its stores and online this fall.
Camping World Holdings has given an update on its plans for Gander Mountain.
Camping World, which acquired the assets of Gander Mountain and boating division Overton's in a bankruptcy auction in May, said it plans to operate 57 locations — assuming details can be worked out with landlords and final acceptable leases agreed to. Liquidation sales started in May at all 160 Gander stores.
