Corporate News: Page 2
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Target updates app after pricing dispute
An investigation by a Minneapolis TV station found that prices on the retailer's mobile app rose as users got closer to stores.
By Corinne Ruff • Feb. 12, 2019
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6 key components of the store of the future
From Walmart to DTC upstarts like Burrow, retail executives shared their perspectives on what's essential for the next generation of physical stores.
By Corinne Ruff • Feb. 12, 2019
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Johnston & Murphy brand chief to retire
Jon Caplan, a longtime veteran of Genesco's classic American footwear retailer, will depart in June.
By Daphne Howland • Feb. 12, 2019
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Barneys New York to launch 'The High End' cannabis concept
The effort involves a partnership with luxury purveyor Beboe and opens next month, featuring wellness products and paraphernalia in stores and online.
By Daphne Howland • Feb. 12, 2019
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Barron's names Best Buy most sustainable company
Through its e-waste recycling, carbon emission reduction and community engagement, the electronics retailer moved up from its No. 3 spot last year.
By Caroline Jansen • Feb. 12, 2019
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Toys R Us rises from the dead
Richard Barry, former global chief merchandising officer at Toys R Us, will lead the new company, dubbed Tru Kids.
By Corinne Ruff • Feb. 11, 2019
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HBC closes Lord & Taylor flagship sale
The company completed the sale of its Fifth Avenue building to WeWork Property Investors for a total of $850 million.
By Daphne Howland • Feb. 11, 2019
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Neiman Marcus' innovation lab dissolves under CEO's new strategy
The retailer's iLab concept was given to enterprise architect Scott Emmons in 2012, who exited the role earlier this year.
By Samantha Ann Schwartz • Feb. 11, 2019
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Facebook buys visual shopping startup GrokStyle
The startup's focus on artificial intelligence solutions for retailers could boost the social network’s e-commerce ambitions.
By Robert Williams • Feb. 11, 2019
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Walmart unveils online furniture brand MoDRN
The move plays into the trend of major retailers expanding home goods offerings and displays the retail giant's growing emphasis on e-commerce.
By Caroline Jansen • Feb. 11, 2019
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L'Occitane commits to 100% sustainable plastics
The beauty retailer signed a multi-year agreement with Loop Industries to further its use of recycled plastic in packaging.
By Kaarin Vembar • Feb. 11, 2019
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Walmart's Allswell brand launches Tiny Home tour
The retail giant's premium bedding brand, which debuted online only last year, is taking a shoppable store on wheels.
By Daphne Howland • Feb. 08, 2019
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Post Toys R Us, Mattel and Hasbro on different paths
Net sales fell further at Hasbro, but both toymakers face other challenges in a market with negative growth.
By Daphne Howland • Feb. 08, 2019
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Rebag to open 30 brick-and-mortar stores
The handbag resale startup on Thursday received a $25 million investment and will use it to fuel an ambitious expansion.
By Daphne Howland • Feb. 08, 2019
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Sears back in Eddie Lampert's hands
A bankruptcy judge approved ESL's $5.2 billion bid to keep roughly 425 stores and 45,000 employees.
By Corinne Ruff • UPDATED: Feb. 12, 2019 at 9:15 a.m.
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Shopko announces 139 more store closures
The Wisconsin-based retailer will also relocate approximately 50 of its optical centers to become freestanding locations.
By Kaarin Vembar • Feb. 08, 2019
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Foot Locker injects $100M into sneaker company GOAT Group
The play comes just a month after the footwear retailer invested $3 million in kids shoe startup Super Heroic.
By Cara Salpini • Feb. 07, 2019
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Tapestry stumbles on path to luxury power
The apparel and handbag company failed to offer compelling goods, even during the high-spending holiday period.
By Daphne Howland • Feb. 07, 2019
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QVC launches mobile app with shoppable video, unveils new logo
The multi-channel retailer places a bet on technology while launching a new brand identity.
By Dan O'Shea • Feb. 07, 2019
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By Humankind raises $4M, aims to reduce plastic waste
The personal care products company uses a subscription model to stop the cycle of single-use plastic consumption.
By Kaarin Vembar • Feb. 07, 2019
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NRF: Retail sales this year could exceed $3.8T
But other economists have a less sanguine view of economic growth and consumer sentiment this year.
By Daphne Howland • Feb. 07, 2019
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The store of the future depends on employees
When retailers talk about new concepts, they often focus on what they mean for customers. But where does the store associate fit in?
By Corinne Ruff • Feb. 07, 2019
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J.C. Penney pulls appliances, furniture from US stores
The move comes just three years after then-CEO Marvin Ellison re-introduced the category, which the retailer had ditched decades before.
By Caroline Jansen • Feb. 07, 2019
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Things Remembered files Ch. 11
Enesco, a global distributor of tchotchkes through third-party businesses, is taking over the mall-based retailer for an undisclosed amount.
By Daphne Howland • Feb. 06, 2019
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Michael Kors drags down Capri
Plans for the revamp and integration of Versace are being complicated by a slow recovery at the company's flagship brand.
By Daphne Howland • Feb. 06, 2019