The Latest
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Podcast
The Backroom: Enjoy Technology set out to disrupt retail. But it got disrupted instead.
Led by former J.C. Penney CEO Ron Johnson, the now-bankrupt “commerce-at-home” company has suffered from constrained supply and high costs.
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Sponsored by Vericast
As the future of retail shifts, shoppers have high expectations
Vericast's 2022 Retail TrendWatch defines consumers' expectations and their alignment with those of retailers.
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Ace Hardware shuts down The Grommet, lays off 44
The hardware retailer’s co-op structure made it difficult to expand the platform, according to founder Jules Pieri, who announced the closure on LinkedIn.
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Enjoy Technology files for bankruptcy with plans to sell itself
Centered around mobile stores that bring retail service inside homes, the company has been burning cash and suffering supply shortages.
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Inventory in 2022: Normal is still nowhere in sight
With Target taking the vocal lead, retailers are flushing out excess inventory to reset for the holidays. How much they’ll sell then is anybody’s guess.
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Bed Bath & Beyond CEO out as sales fall 25% in Q1
Mark Tritton, who took the helm in late 2019 after helping execute a turnaround at Target, is replaced by independent board member Sue Gove in the interim.
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StockX lays off 8% of its workforce
The embattled sneaker resale marketplace said that it’s had to adapt quickly as global economic challenges reshape consumer behavior.
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FTC sues Walmart on claims it failed to protect money transfer customers from fraudsters
The agency alleged that the retail giant has inadequate training and anti-fraud practices in place. The company said the lawsuit is baseless.
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Walmart to acquire AR optical tech firm Memomi
The tech company has provided its digital measurement tools to Walmart and Sam’s Club optical customers since 2019.
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Dollar Tree's C-suite just went through a huge shakeout
Gone or nearly gone are the discounter’s chief operating, financial, information, strategy and legal officers following an activist revolt.
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How retailers are grappling with sustainability
In an industry that inevitably generates waste, the path to a more environmentally friendly future is littered with difficult choices.
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Pinterest names Google president of commerce as CEO
The image-sharing platform continues its push into social retail as co-founder and former CEO Ben Silbermann transitions to the executive chairman role.
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Walgreens calls off Boots sale despite 'significant interest'
Macroeconomic instability caused a sudden shift in financing availability, plus the retailer said its U.K. business is doing better now.
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Enjoy Technology to 'pause' on selling Apple products
The cash-strained company said it is halting its “commerce-at-home” services for the tech maker to focus on business priorities.
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How retailers are responding to the Roe v. Wade ruling
Many companies have spoken out in the wake of the decision to reiterate current benefits or add to their abortion coverage for employees.
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Function of Beauty hires 20-year L'OrƩal vet as chief marketer
The personalized beauty brand is building out a team of industry veterans as it looks to scale.
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Deep Dive // Sustainability in retail
DTC brands have long been vocal about the importance of sustainability. Is that enough?
As more direct-to-consumer companies find value in physical retail, they must consider how that fits into their goals.
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Nike's Q4 sales fall slightly after 20% decline in China
The athletics giant is launching commerce and activity apps specific to the region in the next six months to better connect with shoppers.
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As consumers spend more on gas and food, a shadow looms over retail
The second half of the year will be tough for retailers as shoppers hunt for lower prices, opt for experiences and shift their loyalties.
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Parachute pops up at Nordstrom
The department store will feature products from the DTC brand in nine of its locations as well as on its website.
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Retrieved from Amazon on June 28, 2022
Amazon unveils first fully autonomous mobile robot
The company aims to automate the handling of heavy, package-carrying carts with its Proteus robot, allowing employees to focus on other tasks.
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Column
The Weekly Closeout: Nike exits Russia and tech firms unite around the metaverse
The athletics giant won’t reopen its stores in the region. Meanwhile, Meta, Microsoft and others teamed up to develop standards for the virtual concept.
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Self-checkout shipments could surpass 300K by 2027: report
Cashless systems are growing in popularity, and retailers are testing new features like facial recognition.
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Anne Klein to sell furniture at tricky time for the category
The apparel brand will take inspiration from the late designer’s homes in Manhattan and the Hamptons and debut the collection this coming winter.
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Nordstrom leans on off-price Rack for growth and profit
The retailer was said to be exploring a spinoff of the business, but now says it’s cranking up its footprint and tying it more tightly to its full-line operations.
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Ikea adds space visualization tool to its app
Following the disruption of the COVID-19 pandemic, the company has worked to turn its e-commerce business around.