News

Amazon maintains price advantage on Prime Day
Early indications are that competitors didn't give Amazon much competition price wise Prime Day. The third annual shopping extravaganza, which kicked off on July 10 at 6 pm PST and was scheduled to run until the wee hours of the morning of July 12, was originally introduced as a way to reward existing Prime shoppers and attract new ones. With promises of new deals every five minutes, the company reported on Tuesday that customers worldwide are shopping at “record levels,” according to CNBC.
Cabela's, Bass Pro deal inches closer to completion
Bass Pro Shops's acquisition on rival Cabela's has passed another hurdle. Cabela's shareholders voted to approve the sale of the hunting and outdoor retailer to Bass Pro, the company announced Tuesday. Cabela's agreed in April to be bought by Bass Pro Shops for $61.50 a share, down from the original purchase price of $65.50 a share, valuing the acquisition at $4.2 billion. The transaction is expected to close in the third quarter of 2017.

Beauty retailer delivers AI-based 'lip service'

Estée Lauder is making it even easier for online customers to choose — and purchase — their next tube of lipstick. Through its partnership with ModiFace, the beauty retailer launched a chatbot that helps customers find their ideal lipstick color. The conversational lipstick "advisor," which is accessible on Facebook Messenger, enables online and mobile users to interact with two of Estée Lauder’s lipstick lines.
Survey: Target, Walmart tops with these shoppers

Amazon hasn't make it to the head of the class for this year's back-to-school shopping season. Among young U.S. shoppers (ages 18-24), 64% said they will buy back-to-school items from Target and Walmart, respectively, edging out Amazon (50%). This is according to a new consumer survey from the retail app platform, Branding Brand.
Report: Hardware store retailer considering sale

Is True Value on the block?
Study: Retailers should incentivize use of BOPIS drive store traffic

Shoppers are buying more goods than ever online, but they also are increasingly picking the items up at — and returning them to — brick-and-mortar store.
Dunkin' Brands veteran to head up marketing at sporting goods giant

Dick's Sporting Goods has tapped a digital expert as its top marketer. Dick's on Tuesday named Scott Hudler as senior VP – chief marketing officer, responsible for the company's overall marketing and consumer engagement strategy and implementation. He succeeds Lauren Hobart, who was promoted to president of Dick's in May.
Children's clothing retailer details store closings

Gymboree Corp. is "right-sizing" its store footprint.
America's favorite home improvement retailer is...

A smaller-format, neighborhood-oriented retailer beat out big-box competitors to rank as the nation's favorite home improvement retailer in a just-released study. Ace Hardware, known for its neighborly service and an intense focus on the customer experience, earned the top spot, with a composite loyalty score of 63%, in a study by Market Force Information.
Report: Back-to-school shopping grows less predictable

Even back-to-school shopping is not what it once was. U.S. students may still go back to school around the same general time each year, but the timing of BTS shopping has changed in recent years, becoming less consistent and less predictable. That's according to the Back-to-School report from The NPD Group, which finds that BTS shopping is starting earlier and lasting longer.