In today’s top retail news, HanesBrands posted $1.51 billion in net sales from continuing operations for Q1, while L Brands’ board has unanimously approved a plan to split up the firm into two public and independent companies. Plus, The RealReal reported Q1 gross merchandise value...
As grocers look to build toward their hybrid digital-physical future, many stores are seeking out technologies to offer a frictionless experience in the brick-and-mortar space. After rolling out biometric payments in Seattle, Amazon is bringing its Amazon One pay-by-palm technology to New York City, incorporating...
The RealReal, which operates the world’s largest online marketplace for secondhand luxury goods, said it will add additional “neighborhood stores” in affluent communities as it projected GMV (gross merchandise value) would grow by up to 80 percent this quarter. Get the Full Story Complete the...
The country’s largest mall owner said the improving domestic economy is driving an increase in shopper sentiment and improving foot traffic and sales across its global commercial real estate portfolio. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
After thinning the herd over the past decade and pushing many shopping malls to the brink of extinction, new research shows that an array of direct-to-consumer (D2C) and eCommerce brands may now be poised to save the very same retail properties they nearly killed. Get...
L Brands’ board of directors has unanimously given the go-ahead to a plan to split the firm into two public and independent companies: Victoria’s Secret and Bath & Body Works. Management said the firm anticipates the separation to occur by way of a “tax-free spin-off”...
U.K.-based FinTech Revolut is on a roll. Last week, it debuted a service that allows transactions using bitcoin. On Tuesday (May 11), the company debuted “a wide range of features and products” for retail customers. Get the Full Story Complete the form to unlock this...
HanesBrands Inc. posted $1.51 billion in net sales from continuing operations for the first quarter concluding April 3, 2021, marking a 25 percent jump from $1.20 billion for the timeframe concluding March 28, 2020, according to a Tuesday (May 11) announcement. Get the Full Story Complete...
Walmart has announced its latest big play in the race to shape the future of U.S. healthcare, with the acquisition of telehealth provider MeMD as part of its plan to expand telehealth services to patients nationwide. Get the Full Story Complete the form to unlock...
