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...
As consumers have shifted their food spending towards grocery over the past 14 months, major industry players have taken the opportunity to invest in their grocery offerings, and the space has grown increasingly competitive. A leaked memo from Walmart shows that while the retailer remains...
Amazon, the world’s largest online retailer, said a $700 million investment and the work of 10,000 employees put a major dent in the company’s effort to eliminate the sale of counterfeit products from its site. Get the Full Story Complete the form to unlock this...
Eddie Bauer, the 100-year-old outdoor sportswear retailer, will become the sixth retail brand added to the stable of SPARC Group, a four-year-old joint venture between mall owner Simon Property Group and brand licensing and development firm Authentic Brands Group (ABG). Get the Full Story Complete...
Whether it’s Walmart or Wagable, Chewy or Cat Person, the mix of retailers and service providers looking to take a bite out of the $100 billion petcare industry has never been bigger. With an estimated 11 million more pet owners today than before the pandemic,...
