Melissa Campanelli

Melissa Campanelli
Target Buying Delivery Platform Shipt for $550M

Target announced today it has agreed to acquire Shipt, Inc., an online same-day delivery platform, for $550 million in cash. The retail chain said it will use its network of stores and Shipt’s proprietary technology platform and network of more than 20,000 members to bring same-day delivery to customers across the country. Shipt differs from other…

Calypso St. Barth to Shutter All US Stores, Liquidate Inventory

Luxury apparel and accessories retail chain Calypso St. Barth is shuttering all of it U.S. stores and liquidating its remaining inventory. Asset firms Tiger Group and Great American Group are supervising the going-out-of-business sales at the retailer’s 16 stores in New York, Georgia, Massachusetts, Colorado, California, Florida, Arizona, Maryland and South Carolina. The inventory is…

Amazon Leading All Retailers in Paid Search

Amazon.com is leading the way in consumer electronics (CE) holiday paid search spend, according to a report from search intelligence provider Adthena. Adthena analyzed the search engine marketing activities of 179 CE retailers such as Amazon, Wal-Mart, Target and Best Buy over a two-month period, October-November 2017. More than 370,000 search ads were analyzed. According…

NRF: Retail Employment Jumped by Nearly 13,000 Jobs in November

Retail employment jumped by nearly 13,000 jobs in November, according to the National Retail Federation. The exact figure, 12,900 jobs, excludes automobile dealers, gasoline stations and restaurants, NRF noted. Retailers’ holiday hiring traditionally helps boost November’s numbers. The annual hiring of temporary holiday workers is on track to reach the high end of the NRF's…

Wal-Mart's E-Commerce Rush Slows Delivery Network

Wal-Mart said on Wednesday that an increase in online orders have caused delays in its distribution network, according to Reuters. "The week of Thanksgiving is an incredibly busy time for all of retail. With massive volume going through our system, there were some orders that took extra time, much like other major e-commerce sites,” Wal-Mart…

CVS Health to Buy Aetna for $69 Billion

CVS Health said on Sunday that it had agreed to buy Aetna for about $69 billion in a deal that would combine the drugstore giant with one of the biggest health insurers in the United States and has the potential to reshape the nation’s health care industry. The transaction, which has been rumored for a…

NRF: Tax Plan Should Boost Consumer Confidence, Help Pay for Holiday Purchases

The tax bill passed in the U.S. Senate over the weekend will boost consumer confidence, and savings from the reform could be enough to pay for many families’ holiday shopping, according to the National Retail Federation (NRF). “This vote couldn’t come at a better time,” said Matthew Shay, president and CEO, NRF, in a statement.…

Blue Apron Co-Founder Steps Down as CEO

Less than a month after an earnings report indicated customers dropped 6 percent from last year, Blue Apron Holdings has announced that Matt Salzberg, the company's co-founder, has stepped down from his role as president and chief executive officer. In addition, the company's board of directors has appointed Brad Dickerson, Blue Apron's current CFO, to fill both of those roles.…

Amazon Launches Promotional Product Review Video Program

While currently almost all of Amazon.com product reviews are written by users, the online shopping behemoth is pivoting to video later this month by inviting some of its 2 million merchant partners to post promotional and instructional videos to the site in mid-December, according to a report from business research firm L2. According to the report, “this feature…

Taylor Guitars Launches Community Video Destination

Taylor Guitars, a manufacturer and retailer of premium acoustic and electric guitars, has launched a community video destination that enables its customers and prospects to access educational, shopping-related content to help them in their guitar searches, learn how to play and care for their guitars, and listen to artists from all over the world. Taylor…

Lowe's COO Retiring; Replacement Named

Lowe's Companies, Inc. announced last week that Richard D. Maltsbarger, the company's current chief development officer and president, international, has been appointed chief operating officer (COO), effective Feb. 3. Maltsbarger will succeed Rick D. Damron, who will retire in February after 36 years with the company. Damron…

Macy's Suffers Credit Card Slowdown on Black Friday

Macy's confirmed on Friday that it was suffering a credit card slowdown on one of the busiest and most important shopping days of the year. That trouble was resolved by Friday evening. "We have fully resolved today's system issues. We highly value our customers and sincerely apologize for any inconvenience today's system slowdown may have…

Black Friday Sees Record Online Sales

A record $5.03 billion was spent online by the end of Black Friday, an increase of 16.9 percent compared to last year, according to Adobe Digital Insights, which measures 80 percent of online transactions at 100 major U.S. retailers. Adobe also reported that during the holiday season to date (Nov. 1 – Nov. 24), consumers…

75-Plus Leading Retailers Closed on Thanksgiving

Despite the fact that many Black Friday sales begin tomorrow, Thanksgiving Day, more than 75 well-known retailers will be closed for the holiday. A list of all of the retailers that will be closed on Thanksgiving Day — including leaders such as Costco, Neiman Marcus, and  T.J.Maxx — can be found on BestBlackFriday.com, a website…

Zappos Launches New Retail Experience

Zappos announced last week the launch of The_ONES, a new retail experience that celebrates classic sneakers. The experience includes a new online hub (FindTheOnes.com), shoppable Instagram page (@The_ONES), and limited-time “pop-ins” in premium boutiques. The first pop-in, called BEYOND, was launched in New York City on Nov. 15 in partnership with Tarek Hassan, the owner…