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Direct To Consumer (DTC)

  • New funding will allow grocery delivery service Instacart to expand to more markets

    New York -- Instacart, the same-day grocery delivery service, has raised $44 million in a funding round led by Andreessen Horowitz.

    The San Francisco startup currently operates in San Francisco, San Jose, Los Angeles and seven other U.S. cities. With its new funding, it Instacart expects to expand into 17 cities by the end of 2014.

  • Lands’ End launches omnichannel sweepstakes

    Dodgeville, Wis. — Lands' End is launching its "Set Sail" omnichannel sweepstakes. The contest allows customers to play a virtual tic-tac-toe game on Lands’ End’s e-commerce and Facebook pages, with the chance to win gift cards.

    One random winner will receive then grand prize getaway, which includes round-trip airfare for four people to Miami and five nights' accommodations. The contest runs June 12-July 12.

  • PayPal launches global market insight resource PassPort

    A new website from PayPal is looking to help businesses navigate global markets. PassPort, which is free and was launched earlier this week, provides insight into global markets by country, outlining gift-giving traditions and major holidays, as well as providing shipping tools for sellers.

  • Gymboree Q1 net loss grows; plans 50 new stores

    San Francisco — Lower gross profits and higher pretax losses helped drive The Gymboree Corp.’s net loss to $15 million in the first quarter of fiscal 2014, up from $2.85 million a year earlier. The retailer plans to open 50 new stores and close 25-30 existing stores during the fiscal year.

    Net sales shrank 7% to $272 million from $292.78 million. Same-store sales dropped 10%. Gymboree plans to open new stores fairly evenly across its brands, and will spend $35-$40 million in capital expenditures during fiscal 2014.

     

  • Lands’ End profit surges in 1Q

    Dodgeville, Wisconsin — Lands' End reported that profit for the first quarter surged 68% to $10.9 million, from $6.5 million in the year-ago period, as shoppers have responded to improved merchandise assortments and targeted promotions.

    The company, which was recently spun off by Sears, also reported a revenue rise of 4% to $330.5 million. Same-store sales climbed 3.4%.
     

     

     

  • Paula Deen ventures into digital territory

    Risk averse retailers were quick to shun Paula Deen after she displayed racial insensitivities last year, but now she is back with a new approach that appeals directly to fans of her brand.

    Paula Deen Ventures plans to create an interactive digital experience called the Paula Deen Network that allows viewers to engage and access Deen and her Southern home cooking on a variety of digital platforms. The network will be a paid subscription model and is scheduled to launch this September.

  • China’s Alibaba.com debuts U.S. e-commerce site

    San Mateo, Calif. – Chinese e-commerce giant Alibaba Group is debuting its U.S. e-commerce site, 11Main.com, with a beta rollout on Wednesday, June 11. The home page of the invite-only website says “We’re opening soon — our shop owners are getting unpacked and unsettled,” and has an online invite request option. (Alibaba has filed for an initial public offering in the United States, in May.)

  • Board drama at Lululemon

    Lululemon founder Chip Wilson has voted against the re-election of Michael Casey and RoAnn Costin to the company’s board of directors.

    Wilson founded the company in 1998, and has seen it evolve through many business cycles, expanding it from a small storefront in Vancouver to an international brand with more than 250 stores.

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