SIGNA Sports United (SSU), the sports eCommerce retailer and technology company, has struck a deal to combine with publicly-traded special purpose acquisition company (SPAC) Yucaipa Acquisition Corporation (YAC). The deal also encompasses the purchase of eCommerce bike retailer WiggleCRC Group, according to an announcement. Get...
Despite a labor shortage at its fulfillment centers and an increase in out-of-stock items, the online pet supply retailer Chewy said on Thursday (June 10) that efficiently adding new customers and growing its share of consumer spending were the key components of its growth strategy....
In today’s top retail news, Faire has landed $260 million in funding headed up by Sequoia Capital, while Miley Cyrus has become a creative advisor to Hims & Hers. Plus, the National Retail Federation (NRF) revised its yearly forecast for 2021. Get the Full Story...
Consumers can now order meat directly from Instacart— no in-store picking necessary. The online grocer has added direct-to-consumer (D2C) online meat shop ButcherBox to its marketplace. The meat seller announced Friday (June 4) that its Instacart storefront would let consumers shop its meat boxes through...
U.S. retail sales are anticipated to be up 5.5 percent outside of automotive and gasoline over the important back-to-school shopping season of July 15 to Sept. 6 compared to a similar timeframe in 2020, according to a Thursday (June 10) announcement that cited data from...
Shoppers are looking to vote with their dollars. Since the start of the pandemic, consumers have increasingly begun focusing on the environmental, social and governance (ESG) goals of the brands and retailers from which they shop. In fact, one recent report found that 83 percent...
If you’ve never been inside a Restoration Hardware location or listened in on an RH earnings call, you might not understand why this $15 billion furniture retailer has so differentiated itself from the pack that its stock has gone from $70 to $700 in the...
Faire, an online wholesale marketplace for retailers and brands, has landed $260 million in funding headed up by Sequoia Capital at a valuation of $7 billion. The infusion comes after the company announced its Series E round at a valuation of $2.5 billion in November,...
Miley Cyrus has joined telehealth platform Hims & Hers as a creative adviser, according to an announcement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
