News

Etsy, an e-marketplace that specializes in crafts and other artsy items, plans to hold an initial public offering as soon as this quarter, according to Bloomberg.

The decade-old company may seek to raise about $300 million, Bloomberg says, and is working with Goldman Sachs and Morgan Stanley.

London - Mothercare plc intends to create faster and more convenient omnichannel fulfillment options to its customers using supply chain commerce solutions from Manhattan Associates. The Manhattan solutions will enable Mothercare to make store stock available for online sales and support more efficient customer processes to speed up delivery options through express click and collect services and ship from store.

The digital innovations keep coming at Nieman Marcus, where the luxury retailer has introduce a new concept called the MemoryMirror.

Phoenix – PetSmart Inc. considered but ultimately rejected attempting to buy an unidentified, privately held pet retail chain before agreeing to an $8.7 billion sale in December 2014. In an SEC filing, PetSmart disclosed it decided against the purchase after determining there could be competitive and antitrust issues.

PetSmart also said 27 potential buyers showed interest in purchasing the company between August and October 2014, before PetSmart formally launched a bidding process.

Workplace customization was a recurring theme that emerged from Staples’ annual design competition.

The unique design competition involved 150 designers and architects who undertook the challenge of envisioning what workplaces will look like a decade from now.

As part of the contest, more than 150 architects and designers from around the world envisioned what work lives would be in the next 10-15 years, given the shift toward a "work anywhere, anytime" mentality.

Two technology trends stood out above all others at this week’s NRF Annual Convention. First, retailers are becoming aware that omnichannel inventory transparency is the back-end platform supporting the front-end seamless customer experience they have been building the past few years. Being able to see all inventory across all channels in real time is the key to enabling omnichannel processes such as shipping and fulfilling from store, centrally managing orders from multiple sales channels, providing “endless aisle” access to full inventory.

A Maryland real estate investing executive has been elected to Macy's Inc.'s board of directors.

Leslie Hale, executive vice president, chief financial officer and treasurer of RLJ Lodging Trust, is Macy's 12th director.

New York  -- Verifone announced that Delhaize America has selected Verifone’s multi-media, EMV and NFC-capable MX 925 payment terminals to enhance consumer engagement at the point of sale across all of Delhaize America’s U.S. locations.