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Direct To Consumer (DTC)

  • Walmart expands online grocery delivery via Uber

    The nation's largest retailer continues to beef up its defenses against Amazon.   Walmart is expanding its online grocery delivery pilot via Uber to Orlando and Dallas. The pilot is currently ongoing in Phoenix and Tampa, Fla. (The chain also runs its own grocery delivery service in Denver and San Jose, California.) Walmart announced the expansion just days prior to a scheduled vote by Whole Foods Market's shareholders on its pending acquisition by Amazon.  

  • Wal-Mart envisions ‘floating warehouse’

    Amazon isn't the only retailer thinking about drones.   Wal-Mart Stores has applied for a patent for a blimp-styled "floating warehouse" that could make deliveries directly to shoppers’ homes via drones, Bloomberg reported.    The machine would fly at heights between 500 ft. and 1,000 ft. and be equipped with multiple launching bays. It would be operated autonomously or by a remote human pilot.   

  • Two urban retailers combine forces

    Two urban-focused athletic footwear and apparel retailers have merged.   Private equity firms Bruckmann, Rosser, Sherrill & Co. and Goode Partners completed a transaction that will merge DTLR and Sneaker Villa (Villa). The merged company will operate nearly 240 stores covering 19 states and the District of Columbia, spanning the East Coast from New York to Florida, the Midwest, the Southeastern U.S. and Texas.    

  • eBay helps social media powerhouse boost marketplace sales

    Facebook is getting in on the “daily deals” game.   The social media giant is teaming up with eBay to bolster third-party sales. Through the collaboration, Facebook’s Marketplace service — a section on its mobile app — now features a selection of inventory from eBay’s Daily Deals program, according to TechCrunch.   

  • L Brands tops Q2 estimates but lowers guidance as Victoria’s Secret continues to struggle

    L Brands is still being dragged down by its decision to eliminate swimwear and apparel from Victoria's Secret.   The company reported a better-than-expected profit of $138.9 million, or earnings per share of 48 cents per share for the quarter, compared with analysts' expectations of 44 cents per share.    Revenue totaled $2.76 billion, better than the $2.75 billion analysts had forecast.   

  • Will sales clauses in leases soon become obsolete?

    The retail landscape today looks different than it did just a few years ago. Brick-and-mortar retail is becoming more diverse. Brands are embracing different operational models and integrating more closely with online and mobile channels. Retailers like Bonobos, Warby Parker and Restoration Hardware are using physical locations purely as showrooms, a new trend that appears to be gaining significant traction.  

  • Profit and same-store sales slide at Urban Outfitters

    Urban Outfitters' profit and sales fell in the second quarter even as it topped Wall Street expectations.   Urban Outfitters said it earned $49.91 million, or 44 cents a share, in the quarter, down from $76.91 million, or 66 cents a share, in the year-ago period, as the retailer Analysts had expected the company to earn $0.37 per share, amid heavy discounting.    Total net sales fell 2% to $873 million, from $891 million a year ago. Analysts had expected sales of $862 million. 

  • Study: Millennials don't act — or shop — alike

    Retailers need to update their approach to targeting millennials.   That's according to a new report by management consulting firm L.E.K., which provides insight into Millennials and their predecessors Gen X and the Baby-Boom generation.  
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