TECHNOLOGY

The fledgling but growing online formal menswear rental category tuxedo rentals market has a new power player.    Generation Tux, the online suit and tuxedo rental company founded in 2014 by retail veteran George Zimmer, who founded Men’s Wearhouse, has completed the acquisition of Menguin for $25 million. The announcement comes at a time when Menguin, founded in 2013, has experienced three years of 800% compound annual growth rate, according to a company statement.   

School may be back in session, but the back-to-school (BTS) shopping frenzy continues.    And as parents continue to purchase merchandise from newly distributed classroom supply lists, 42% of BTS shoppers expect to spend more this school year compared to 2016, according to new research and insights from Acosta, a sales and marketing agency in the consumer packaged goods (CPG) and retail merchandising industry.  

Amazon continues to bolster its distribution fleet.   The online giant will be adding a new 1 million-sq.-ft. fulfillment center in Monroe, Ohio — its fourth warehouse in The Buckeye State. Amazon will hire 1,000 associates to manage the picking, packing and shipping larger customer items, such as sports equipment, gardening tools, and pet food.    Amazon already operates fulfillment centers in the cities of Etna and Obetz, and is preparing for the opening of a new facility in North Randall.

Amazon is putting Fashion Week couture items into Londoners’ hands within an hour.   Amazon is partnering with designer Nicola Formichetti to offer one-hour delivery to London-based Prime customers. Available items were originally featured on the catwalk during a London Fashion Week fashion show on Saturday night, according to Reuters.  

Eager to get merchandise into shoppers’ hands the same day they place an order, 65% of retailers will offer same-day delivery within two years.   This was according to the “2017 Digital Commerce Benchmark Survey,” from Boston Retail Partners (BRP).   

A new payment option will help Williams-Sonoma tap a new customer segment.   The home goods retailer will soon accept the peer-to-peer money-transferring service Venmo for bridal registry purchases. The digital wallet lets users make digital payments — or split payments with other users, according to ReCode.  

Amazon has evolved into a destination for a variety of categories, and now it’s adding sweets and snacks to this portfolio.    Out of $49 billion in total sales across sweets and snacks in 2016, Amazon rang up $240 million in 2016. And between January-August 2017, the online giant has already grabbed $215 million — a year-over-year (YoY) growth of 42%, according to “Sweets & Snacks: The Amazon Effect,” a report from One Click Retail.  

Rue La La members are getting a new “perk” for their loyalty.   The online fashion retailer is partnering with Dunkin' Donuts in a new mobile marketing program. In a move to bolster the coffee giant’s DD Perks loyalty rewards program, models in Rue La La’s custom-branded, shoppable boutique, "Girl on the Go: Fall Style,” will be touting Dunkin’ Donuts beverages as accessories to their fall looks.