Market Buzz& Industry News
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Stitch Fix offers shoppers curated assortments; passes sales milestone09/21/2021
Stitch Fix Inc. is moving a bit closer to a traditional e-commerce model by enabling customers to buy items directly without first ordering picks from a stylist.
Exclusive Q&A: Walgreens digitally streamlines healthcare access09/21/2021
Chain Store Age recently had a conversation with Giovanni Monti, senior VP, healthcare services, Walgreens Boots Alliance, about his company’s varied digital healthcare activities, as well as its brick-and-mortar partnership with VillageMD.
Albertsons turns video into an e-commerce channel09/21/2021
One of the largest grocers in the U.S. is offering customers shoppable, short-form and livestream video.
Ultrafast delivery service adds product content to its offering09/21/2021
Buyk, a new ultrafast grocery delivery service, is enabling partner brands and manufacturers to provide customers with verified product content and images.
Halloween spending expected to hit all-time high of $10.4 billion09/21/2021
It’s looking like a banner year for Halloween celebrations.
Amazon offers loans up to $100,000 for small sellers09/21/2021
Small-to-medium-sized businesses selling products via Amazon storefronts have new, expanded financing options.
Retailers detail operational questions for vaccine mandate09/21/2021
From the cost of testing to record-keeping and verification, the retail industry — which supports more than 50 million jobs — has a lot of concerns about the implementation of the Biden Administration’s vaccine mandate.
Bed Bath & Beyond expands same-day delivery deal with DoorDash09/21/2021
Bed Bath & Beyond continues offering customers more options to receive same-day delivery of online purchases.
A&G claims a second award for the restructuring of Tuesday Morning09/21/2021
A&G Real Estate Partners was recognized along with other advisory and banking firms that assisted Tuesday Morning in its restructuring.
FedEx competing with Amazon in autonomous cargo delivery09/21/2021
FedEx Corp. will pilot self-driving vehicles for linehaul trucking operations.
Warby Parker shares financial outlook ahead of going public09/21/2021
Warby Parker provided financial guidance for its third quarter and fiscal year as it prepares to make its debut in the public arena on Sept. 29.
Amazon to offer frictionless shopping, palm-based payment at new arena09/21/2021
The soon-to-open, net-zero carbon-certified arena in Seattle will feature Amazon's leading-edge contactless shopping and payment options.
Luxury Retail Evolution Requires Seamless Blending of Digital And Physical09/20/2021
Currently, the luxury sector is undergoing a transformation.
FedEx shipping rates to increase09/20/2021
FedEx is raising its shipping rates, but not until the new year.
Walmart in new online push for healthy, sustainable products09/20/2021
Walmart is making it easier for customers to find healthy and environmentally friendly items on its website.
Macerich sells Tucson center to fuel its town center strategy with $100 million09/20/2021
Macerich, one of the top 20 owners of retail real estate in the U.S., has sold La Encatada, a high-end specialty center in Tucson for $165 million, generating $100 million in liquidity.
Neiman Marcus opens shoppable virtual footwear showroom09/20/2021
Neiman Marcus Group is partnering with digital media platform Hypebeast to promote exclusive footwear from 11 luxury brands.
Amazon opens first fulfillment center in North Dakota09/20/2021
Amazon is adding to its supply chain infrastructure in the Peace Garden State.
Exclusive Q&A: Torrid streamlines communications between HQ, stores09/20/2021
Elizabeth Haynes, senior VP store ops, loss prevention & visual merchandising at Torrid, tells Chain Store Age about the growing company’s mission to remove any friction in communications between headquarters and stores.
Amazon expands palm-based payment option to more than 60 stores09/20/2021
Amazon is rapidly increasing the availability of its Amazon One contactless payment method.
buybuy Baby welcomes new parents with omnichannel initiative09/20/2021
buybuy Baby is expanding resources in stores and online for new parents.
Chicken Salad Chick sees 500 stores by end of 2025; targets Midwest for growth09/20/2021
Chicken Salad Chick is setting its sights on the Midwest as it continues its rapid expansion.
ThredUp investing $70 million in new DC that will store up to 10 million items09/20/2021
ThredUp is scaling up to meet its rapid growth with plans to open its largest and most automated distribution center to date.
Walmart, Amazon and Target tops in shopping experience, according to survey09/20/2021
When it comes to the retailers that U.S. shoppers are banking on this upcoming holiday season, two things are top of mind: prices and promises.
Macy’s reveals holiday hiring plans09/20/2021
Macy's is ramping up its workforce with both seasonal and permanent positions.
Exclusive: Destination XL repositions around customer experience09/19/2021
The nation’s largest men’s big and tall specialty retailer is focusing on meeting omnichannel demand and personalizing the customer experience.
Accelerate eCommerce with powerful online payment security09/19/2021
Learn more about authenticating cardholder data and increasing online sales.
Phillips Edison sells California center09/19/2021
Phillips Edison & Company, one of the nation’s leading owner-operator of neighborhood centers, has sold Atwater Marketplace in Atwater, Calif. For an undisclosed price to a private investor.
PetSmart opens online pet pharmacy09/19/2021
PetSmart is launching The Pharmacy at PetSmart as a comprehensive online destination for the medical needs of cats, dogs and livestock.
CVS Health to hire 25,000 — and will do it all virtually09/19/2021
CVS Health is looking to fill 25,000 clinical and retail positions.
Hudson’s Bay pioneers online resale of baby gear09/19/2021
The online retail business of Hudson’s Bay Co. is putting a unique twist on the rapidly growing second-hand resale model.
DoorDash facilitates beer, wine and spirits delivery09/19/2021
DoorDash is opening the bar across 20 states, Washington, D.C., Canada and Australia.
Mattress Firm parent exploring potential IPO09/19/2021
Mattress Firm Group Inc. has taken the first step in going public.
eBay rolls out new Promoted Listings offering09/19/2021
eBay is building upon its Promoted Listings paid advertising service.
Foot Locker completes acquisition of U.S. footwear retailer Eurostar; names COO09/19/2021
Foot Locker has added another brand to its portfolio.
Survey: Online grocery sales, but not profits, soar09/19/2021
A new survey of online grocery retailers reveals the dramatic increase in digital sales since the start of the COVID-19 pandemic is not necessarily driving profits.
Camp hires former HBO marketing chief; plans to ramp up expansion09/19/2021
Camp has brought on a marketing veteran to help lead it into the next phase of growth.
Shipt membership now free for Visa credit cardholders09/19/2021
Shipt and Visa have teamed up to give holders of Visa credit cards an exclusive new perk.
Sounding the Alert on U.S. Supply Chain Congestion09/19/2021
Last week, the United States set a record for having 65 container ships waiting to be unloaded at the ports of Los Angeles and Long Beach, which is causing more strain and stress for the U.S. supply chain.
First Look: American Dream opens its 300,000-sq.-ft. luxury retail wing09/16/2021
The Avenue, American Dream’s long-awaited, art-bedecked luxury wing opened September 17 with the world’s largest Hermés store and New Jersey’s only Saks Fifth Avenue among its tenants.
Melissa Clean Address Data CX Benefits09/16/2021
Consumer expectations for fast, flexible delivery are higher than ever. But some retailers are skipping a key step to ensuring they can achieve those tight delivery service levels. Click here to learn more.
Aldi honored for ongoing green leadership open09/16/2021
Aldi is out front when it comes to energy efficiency and reducing harmful refrigerant emissions.
Dayton’s project developer retakes control of the historic Minneapolis property09/16/2021
The Dayton's Project in downtown Minneapolis is back in the hands of its original developer.
Walgreens in strategic agreement with New York State’s largest health care provider09/16/2021
Walgreens has entered into a five-year partnership with Northwell Health to advance “health equity” throughout New York State and expand digital health services and retail and specialty services for its residents.
Sears’ last store in its home state to close09/16/2021
It will soon be lights out for the last Sears store in Illinois.
Panasonic acquires Blue Yonder in $7.1 billion blockbuster deal09/16/2021
Panasonic is now the full owner of Blue Yonder.
Amazon virtual hiring event draws over 1 million applicants09/16/2021
Amazon’s Career Day 2021 hiring blitz for 40,000 job openings attracted job seekers from more than 170 countries around the world.
Carvana enters two new Arkansas metro areas09/16/2021
An omnichannel platform for buying and selling used cars is adding its fourth and fifth markets in the state of Arkansas.
Survey: Nearly half of consumers will boost holiday spending09/16/2021
Many shoppers intend to spend more money on the holidays in 2021 due to COVID-19’s impact on their 2020 celebrations.
Walgreens to give cash incentive to fully vaccinated employees09/16/2021
Walgreens is giving its employees an incentive to get fully vaccinated and is also rewarding its pharmacists with a one-time bonus.