Amazon.com is hosting another Prime Day-like deal event next month, marking the first time it will hold two such events in the same year. Dubbed the Prime Early Access Sale by Amazon, the two-day global shopping event is exclusive to Prime members. It begins Oct. 11 at 12 a.m. PDT and runs through Oct. 12…
Melissa Campanelli
Walmart has rolled out a virtual try-on tool that helps shoppers see how a shirt or another piece of clothing would look on their own bodies. It's the latest feature the company has added to its website, and it comes following the acquisition of Zeekit, a virtual fitting room startup. Walmart launched its first iteration of the tool…
Tuesday Morning Corp., the Dallas-based off-price home goods retailer, has entered into an agreement to secure $32 million in debt financing from a special purpose vehicle (SPV) formed by Retail Ecommerce Ventures (REV) — the owner of Pier 1 Imports, Linens ‘n Things, Stein Mart, Modell’s Sporting Goods — and Ayon Capital LLC. Additionally, several members of…
Gustavo Arnal, Bed Bath & Beyond's executive vice president and chief financial officer, died from an apparent suicide on Sept. 2, after falling from the Manhattan skyscraper where he lived, according to a report from the New York's medical examiner’s office. Arnal joined Bed Bath & Beyond in May 2020 following a career in finance at Avon, Walgreens Boots…
Rising prices and consumers shopping for more immediate needs has disrupted back-to-school shopping season performance, according to research from The NPD Group, which recently merged with Information Resources, Inc. In the first seven weeks of the back-to-school shopping season, U.S. non-school-related general merchandise sales revenue grew 4 percent, NPD found, while school spending fell short of last…
Foot Locker announced last week that Mary Dillon, the former executive chair and CEO of Ulta Beauty, has been appointed president and CEO and a member of the Foot Locker board, effective Sept. 1. She will succeed Richard A. Johnson, who will retire on the same day. Johnson will continue as executive chairman of the board through Jan. 31, 2023,…
Amazon.com announced on Monday that Prime members in some U.S. metro areas can now get same-day delivery from select retail stores. At launch, members in Atlanta; Chicago; Dallas; Las Vegas; Miami; Phoenix; Scottsdale, Ariz.; Seattle; and Washington, D.C. can shop from PacSun, GNC, SuperDry, and Diesel on the Amazon app and Amazon.com and receive their items the…
Sports apparel retailer Lids announced this week that it's launching a new retail concept called Lids University, or Lids U, dedicated to apparel and sports products for the college market. Lids U, which was created as a space for fans to purchase products from their favorite schools, will open in key college markets and serve each…
Retail sales increased in June even as inflation climbed higher and drove up prices across the board, the National Retail Federation (NRF) said last week. NRF’s calculation of retail sales, which is based on Census numbers but excludes automobile dealers, gasoline stations and restaurants, reported that June was up 0.6 percent from May and up 5.8…
Kohl’s announced that it's introducing Discover @ Kohl’s, a new in-store and online experience designed to embrace inclusivity and bring discovery and inspiration to every store trip and online visit. Discover @ Kohl’s features seasonal areas throughout 600 of the retailer's stores and website that curate “dozens of emerging, established, and diverse-owned brands that are…
Kohl's has rejected a $53-per-share takeover bid — down from a previous offer of $60 — from the Franchise Group (FRG), according to a regulatory filing with the Securities and Exchange Commission by the retailer on July 1. "Despite a concerted effort on both sides, the current financing and retail environment created significant obstacles to reaching an acceptable and fully executable…
Employees at a Baltimore-area Apple store have voted to unionize, making it the first of Apple's 270-plus stores in the U.S. to join a union. In the election, 65 employees at Apple’s store in Towson, Md., voted in favor of being represented by the union, known as the Apple Coalition of Organized Retail Employees (CORE),…
Amazon.com said Monday it will begin delivering parcels using Prime Air drones in a small town in California later this year. More specifically, the online behemoth said it plans to deliver parcels weighing less than five pounds via drone into the backyards of residents in Lockeford, California — which is 40 miles south of Sacramento. The…
European fashion brand Zara recently announced it will charge U.S. customers for returning online purchases to third-party drop-off points. According to Zara's website, U.S. customers who placed orders from June 1 onwards will be charged $3.95 to return online purchases to third-party drop-off points. The cost will be deducted from the refund amount. Customers can still…
While only a few months ago U.S. retailers were scrambling to fill their shelves due to supply chain delays, many are now facing inventory surpluses and having to discount unsold goods, according to a Reuters report. Average retail inventories have been rising quickly, too. The Reuters article cited research from Citi that found 11 of…
