Wal-Mart
Wal-Mart said its recently launched startup investment arm, Store No. 8, has hired Jenny Fleiss as the chief executive of its first portfolio company. Fleiss will run code eight, a startup that will develop personalized, one-to-one shopping experiences. Fleiss is the co-founder and former head of business development of Rent the Runway, a designer fashion rentalโฆ
Wal-Martโs acquisition streak under new e-commerce chief Marc Lore looks likely to continue. The worldโs largest brick-and-mortar retailer is in advanced discussions to acquire Bonobos, a 10-year-old menโs fashion retailer based in New York City. Sources say the two sides have agreed on a price โ which couldnโt immediately be learned โ and that the dealโฆ
Many in the retail industry were surprised when online startup Jet.com, billed as a potential competitor to Amazon.com for e-commerce supremacy, was sold to Wal-Mart last August for $3.3 billion. The pairing of a cutting-edge digital brand like Jet and a legacy brick-and-mortar retailer like Wal-Mart didn't seem to be the perfect match. Yet sevenโฆ
PVH Corp., parent company of brands such as Calvin Klein, Tommy Hilfiger, Van Heusen and more, has entered into an agreement to acquire True&Co., a direct-to-consumer intimate apparel e-commerce retailer. True&Co. is changing the way women shop online by redesigning the art of bra shopping. It uses a proprietary fit quiz to recommend bras and otherโฆ
"Retailers will only survive if their business creates shared value that benefits shareholders and society."
Wal-Mart Stores Inc. announced today that it's ending its ShippingPass delivery subscription pilot and offering free two-day shipping on more than 2 million items without a membership program. The retailer is also lowering the minimum purchase required for free shipping to $35 from $50. Items shipped to stores have no minimum price threshold. Wal-Mart also offers same-day storeโฆ
"Today, the leading companies are recognizing that business needs to strengthen the systems we rely on in a fundamental way. I offer you a simple proposition: business exists to serve society."
Looks like consumers will have another mobile wallet option to choose from when shopping at Target. The big-box retailer announced this week that it will launch its own mobile payment system later this year, giving customers the ability to pay for purchases with the swipe of their phones. Recode reports it's unclear if Target will addโฆ
Wal-Mart Stores Inc. said it plans to create about 10,000 U.S. jobs this year, a sign that even the countryโs largest private employer feels the need to tout American job growth ahead of President-elect Donald Trumpโs inauguration. The jobs will come from previously planned store openings, store expansions and new e-commerce services, the company saidโฆ
Jet.com, the Amazon.com rival owned by retailing giant Wal-Mart, bought online footwear retailer ShoeBuy for $70 million, the company said Thursday. The move underscores Wal-Mart's continued push against Amazon, owner of online shoe store Zappos. The biggest retailer in the world, Wal-Mart made online expansion its priority last year, acquiring Jet.com for $3.3 billion and settingโฆ