Fashion apparel retailer Express on Monday announced the launch of Express Community Commerce, a social commerce experience for fashion enthusiasts to style, inspire and earn commission. According to Express, the Express Community Commerce program brings together a network of like-minded, entrepreneurial style experts — called Express Style Editors — through coaching, education, mentorship and meetups.…
Melissa Campanelli
High-end retailer Rebecca Minkoff has begun offering hundreds of clothing items on its website for rent without requiring a membership in a subscription service like those offered by some other fashion companies. The service is enabled through technology from CaaStle, which has created rental-subscription programs for companies such as Express. CaaStle's offering, called BORROW, allows customers…
Consumers plan to spend record amounts for both school and college supplies as families and students plan to return to in-person classrooms this fall, according to the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. Families with children in elementary through high school plan to spend an average…
Amazon.com said yesterday its online stores had returned to normal service after a global outage disrupted shopping on its country sites. According to outage monitoring website Downdetector, services were disrupted for nearly two hours. At the peak of the disruption, more than 38,000 user reports indicated issues with Amazon's online stores. They occurred on Sunday…
Amazon.com founder Jeff Bezos on Monday handed over his CEO title to Andy Jassy, ending a more than two-decade run leading the company through its evolution from online bookseller to $1.75 trillion global retail, logistics and internet behemoth. Bezos has served as the CEO of Amazon since founding the company exactly 27 years ago on July 5, 1994 .…
Rapper Kayne West filed a lawsuit against Walmart on June 24, alleging that the retailer is knocking off one of his latest shoe designs, Yeezy Foam Runners. According to documents obtained by TMZ, West’s team filed the lawsuit in Los Angeles County Superior Court, citing California’s Unfair Competition Law, which prohibits deceptive business practices. The lawsuit also claims that Walmart…
Amazon.com's seventh Prime Day, which is taking place June 21-22, could rise to a record $12 billion in gross merchandise sales, based on scenario analysis from Bloomberg Intelligence Senior E-Commerce Analyst Poonam Goyal. However, the increase is a deceleration in year-over-year growth, to 15 percent from 45 percent in 2020. Last year, "surging digital sales amid…
E-commerce grocery shopping platform Boxed and Seven Oaks Acquisition Corp., a special-purpose acquisition company, or SPAC, announced they would go public in a deal that would value the combined company at $900 million. Boxed would use the money to serve more households and businesses that started ordering groceries online during the pandemic. The combined company will be called…
Walmart has launched Me@Walmart, an app for U.S. store associates designed to simplify daily tasks as well as empower them to easily serve customers and plan for life outside of work. The app's features include scheduling, enabling associates to easily view their shifts up to two weeks in advance; a mobile clock-in feature; push-to-talk, which enables…
Under Armour announced that it's raising wages for hourly retail workers to $15 in the United States and Canada. As a result of the move, more than 8,000 part-time and full-time employees — approximately 90 percent of Under Armour's retail and distribution center workforce — will see a compensation increase. The increases, which could be as…
Foot Locker announced on Friday that it will close most of its 231 Footaction stores "to position its store fleet for the future" and "to focus growth on its iconic banners," according to a company press release. One-third of the Footaction locations will be converted into Foot Locker's other banners, such as Foot Locker and Champs…
Target, Walmart, CVS, Starbucks, Meijer, and Costco are among the retailers that have dropped their mask requirement for customers and employees who are fully vaccinated against COVID-19 in wake of the newest guidance from the Centers for Disease Control and Prevention (CDC). Specifically, on May 16, the CDC said that fully vaccinated Americans, for the most…
Sparc Group, the entity formed by mall REIT Simon Property Group and brand management firm Authentic Brands Group (ABG), will acquire Eddie Bauer from PSEB Group, an operating company owned by Golden Gate Capital, for an undisclosed amount. The announcement comes 12 years after Golden Gate Capital acquired the outdoor lifestyle gear maker out of bankruptcy.…
The National Retail Federation's (NRF) chief economist Jack Kleinhenz said yesterday that the U.S. economy could see its fastest growth in more than three decades. “While there's a great deal of uncertainty about how fast and far this economy will grow in 2021, surveys show an increase in individuals being vaccinated, more willingness to receive…
Walmart has increased the number of women and people of color in its officer roles in an effort to better reflect the country’s diversity among its top leadership. According to the retailer's annual diversity and inclusion report, which was published on Monday, Walmart’s representation of women and of people of color at the officer level…
