Retail Dive
Amazon’s Prime Day drives online sales in the US up 9.3%
E-commerce spend during this year’s earlier June dates reached $26.4 billion, according to Adobe data.
Retail Dive
Saks Global exits Chapter 11 as ‘Exemplar Luxury Group.’ Here are 5 other things it dumped along the way
The luxury retailer is starting over with a new name and fewer burdens, including less debt and a smaller footprint.
Retail Dive
Consumer spending rises as inflation speeds up to three-year high
Traders in interest rate futures see 80% odds that the Federal Reserve will raise the federal funds rate by at least a quarter percentage point by the end of this year.
Retail Dive
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Claire’s opens Illinois distribution center to boost inventory flow
The nearly 250,000-square-foot Elgin facility is equipped to reduce handling touchpoints while increasing product visibility, a spokesperson said.
Retail Dive
The loyalty metric no one wants to explain
Repeat purchases aren't proof of loyalty. Incrementality is.
Retail Dive
J.C. Penney, Aéropostale link loyalty programs
Customers who shop at both retailers can earn points to redeem at either one. Both companies are part of the Catalyst Brands portfolio.
Retail Dive
Reformation’s IPO filing shows profitable DTC is possible
The brand makes 90% of its revenue from DTC, has turned a profit for years and notched 20 consecutive quarters of double-digit revenue growth.
Retail Dive
The Weekly Closeout: Adidas gets into PPE, Five Below fills out C-suite
The athletics retailer debuted a safety footwear collection with Glo Brands B.V., while the discount chain hired a chief retail officer and a chief legal officer.
Retail Dive
Allbirds officially changes name, appoints new CEO
Smartbird is now an artificial intelligence infrastructure provider and Nadia Carlsten will replace Joe Vernachio as its chief executive.
Retail Dive
How retailers are thinking about omnichannel in the age of AI
The tech has offered new ways to drive traffic and manage loyalty programs, but retail is still about emotional connection, executives at Ulta, Stitch Fix and Tapestry said.
Retail Dive
FAO Schwarz opens NYC location for the first time in 100 years — this time in Nordstrom
The toy company's second New York store is part of a broader partnership that will see FAO Schwarz products in all Nordstrom stores later this year.
Retail Dive
Sephora introduces store quiet hours
The beauty retailer will lower music and screen displays during specific hours following a successful store pilot across eight markets.