Nordstrom, among other retailers, is showing new interest in the old “store within a store” tactic. In apparel retail, Walmart hired celebrity A-list designer Brandon Maxwell to be the creative director for two of its own private-label brands. And in the economy, retail sales dropped in February from January, while in grocery, Good Eggs is...
Swedish fashion retailer H&M has reported that most of its global stores have reopened after pandemic-related closures. In eCommerce, Walmart appears to have a much greater share of the total food and beverage category than Amazon. And in restaurant innovation, loyalty and rewards programs can fuel independent restaurant spend, while in the economy, many Americans...
Ulta Beauty’s chief executive plans to conclude her tenure after leading the beauty and cosmetics retail chain through the growth of its store count and sales. In the markets, Coupang has been riding the sea change of the digital shift, and recently ended its first day of trading. And in...
AMC Entertainment’s CEO is optimistic about the film industry’s rapid recovery and is confident that his firm will withstand the worst storm in its century-long history. In acquisitions, Miami-based startup unybrands is looking to purchase a basket of small, authentic brands. And in recurring payments, Twitter and Tripadvisor herald the next wave of subscription models, while...
Adidas is seeking to grow its eCommerce business, although the German sportswear retailer is actively looking to sell its Reebok brand. In social commerce, Walmart is “doubling down” on its embrace of the TikTok short video social media platform. And in the markets, gaming platform Roblox has debuted on the New York Stock Exchange,...
DICK’S Sporting Goods reported a rise in net sales, along with a bump in its online business for its most recent quarter. In fashion retail, Stitch Fix’s founder and chief executive reported in an earnings call that the company is well-positioned to capture the continuing digital shift in the retail landscape....
Electronics giant Panasonic is said to be pursuing an increased stake in supply chain management company Blue Yonder. In economy news, retailers will reportedly be major beneficiaries of a third stimulus check. And in pandemic commerce, Main Street’s small to mid-sized businesses (SMBs) have implemented innovative technologies, while in payments innovation, digital intermediaries threaten the...
Mall owner Washington Prime is caught between struggling tenants and angry creditors. In eCommerce, Amazon has added Poland to its list of country-specific sites. And in mobile, the changing point-of-sale experience is opening the door for digital wallets, while in acquisitions, Square said it has...
Walmart plans to invest in purchasing merchandise that is manufactured, grown or assembled domestically to advance American-made goods. In brick-and-mortar retail, Disney intends to close a number of stores in North America this year. And in restaurants, diners are reaching for their smartphones more frequently than laptops to order their food. All this, Today in...
