eCommerce

Online menswear retailer seems to be at the end of its rope — or in this case, thread.    E-retailer JackThreads’ website is promoting its “Farewell Sale,” which is selling all merchandise, site-wide, for 70% — and all is final sale. While the company did not post any messages saying that the company is ceasing operations, the site’s “Work With Us” page has been closed.  

One hotel chain is putting a new spin on room service.   Hawthorn Suites by Wyndham is partnering with Peapod and Instacart on a new grocery delivery pilot. Targeting the many travelers who are eager to keep a few “staples” in their hotel room, but struggle to hunt down the closest grocery store in an unfamiliar city, Hawthorn Suites is piloting a program that delivers groceries directly to guests’ doors.  

The nation’s capital has been added to the list of cities that will soon feature an Amazon Books store.   The newest Amazon Books location will reside in a 10,000-sq.-ft. space in the Georgetown section of Washington, D.C., The Washington Post reported. The store, which was formerly occupied by Barneys New York, will be Amazon’s 13th bookstore.   

Things may not be bad as they first looked for Gander Mountain Company.   Although there is a banner on the bankrupt company’s website announcing that all of its stores are going out of business, its new owner says that’s not exactly the case.  

Coach has acquired a brand with a strong following among millennials.   The luxury handbag company on Monday announced that it will acquire Kate Spade & Company for $18.50 per share in cash, which represents a premium of 9% to Kate Spade's closing price on Friday. The deal, which has a total transaction value of $2.4 billion, is expected to close in the third quarter of 2017 and add to adjusted earnings in fiscal 2018.  

Target is planning to test a next-day delivery of essentials ordered online in the Minneapolis area.   Called Target Restock, the service will pilot this summer in the discounter’s hometown. Once the pilot is live, shoppers who have a Target REDcard will be eligible to visit a dedicated online experience to access thousands of household essentials.  

The nation’s largest retailer is introducing special financing for its credit cards that comes with an appealing hook.    The new offer provides no-interest financing plans for the Walmart Credit Card and the Walmart Mastercard Credit Card, with plans extending across either six months or 12 months on purchases. Similar to most plans, customers don’t pay any interest during the promotional period. But the Walmart offer is different from most others in that the interest also does not accrue during the promotional period.

Amazon’s signature Dash button may be getting some competition from a rival very soon.   A patent filing by Walmart reveals that the retail giant could be developing an Internet of Things-based device that tracks how shoppers use products in their homes and then electronically reorders merchandise.