In today’s top retail news, Walmart is rolling out “the first-ever private brand analog insulin,” while Bold Metrics has grown its relationship with Jos. A. Bank and Men’s Wearhouse. Plus, The Citizenry is taking part in a post-pandemic pivot.
Walmart Grows Healthcare Offerings With Rollout Of Private Label Insulin
Walmart is launching “the first-ever private brand analog insulin,” according to an announcement, on the heels of recently introducing a prescription savings program and revealing a deal to buy a telehealth firm. The new offering, which is available just through the merchant’s ReliOn brand, will include analog insulin vials and FlexPen.
Tailored Brands Expands Collab With AI Firm Bold Metrics
Artificial intelligence (AI) technology firm Bold Metrics has expanded its collaboration with Men’s Wearhouse and Jos. A. Bank. The move comes as Tailored Brands, which has Jos. A. Bank and Men’s Wearhouse in its collection, “continues to double down on digital innovation in 2021,” as per an announcement. Most tuxedos rented through the web at Men’s Wearhouse presently harness Bold Metrics’ measurement technology.
D2C Home Décor Brand The Citizenry To Expand Furniture Line With $20M Funding
The Citizenry, a direct-to-consumer (D2C) artisan home décor brand, is engaging in a post-pandemic pivot to brick-and-mortar retail stores following a year of quick growth powered by the red-hot nesting trend brought about by the pandemic. The brick-and-mortar transformation plan was a part of the firm’s announcement that it landed a $20 million investment from consumer goods private equity firm NextWorld Evergreen.
Social Commerce Battle Heating Up Just In Time For Summer
It’s clear the social commerce has become a full-on arms race between some of the most popular social media mobile programs, with Facebook expanding Instagram’s in-app Checkout capabilities to Great Britain. Over the last month, Facebook has added its Shops functionality to WhatsApp and Marketplace; Twitter has pointed to digital commerce as a key avenue to examine; and Pinterest has grown its shopping list functionality to more nations to let users shop straight from boards and pins.
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