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Tag: retailer

3 things every retailer needs to know about cross-channel shoppers

While everyone’s scrambling to collect data on every touchpoint, not enough brands are taking the time and effort to sync up their datasets (or their cross-channel strategies). To help brands understand how digital interactions line up with in-store behaviors, we triggered visit-detected surveys to nearly 16,000 consumers about their cross-channel shopping habits following a trip …

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Ikea profits fall 10% as retailer invests in online operation | Business

Ikea’s profits have fallen nearly 10% as the world’s largest furniture retailer stepped up its spending on renewable energy and its growing online operation. Ingka Group, the holding company that runs the majority of Ikea stores, said operating profit fell to €2bn (£1.7bn) in the year to the end of August despite a 5.3% rise …

Ikea profits fall 10% as retailer invests in online operation | BusinessRead More

Specialty outdoor retailer virtually trains temp workers

Get great content like this right in your inbox. Subscribe Evo is helping seasonal warehouse associates quickly learn the company playbook with interactive virtual reality (VR) training. The digitally native retailer of action sports lifestyle gear, which now operates four flagship stores, typically triples its 50-person headcount at its 170,000-sq.-ft. warehouse during the lead-up to …

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Gap, one of the worst-performing retailer stocks, could go lower

One of the worst-performing retail stocks this year just broke down even more. Gap shares tumbled more than 7% on Friday after CEO Art Peck stepped down and the company cut full-year earnings guidance below consensus. The stock is down more than 35% for the year, while the XRT retail ETF has climbed 8% over …

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Upscale candy retailer Sugarfina acquired

Get great content like this right in your inbox. Subscribe A private equity firm has acquired the assets of bankrupt Sugarfina. Bristol Luxury Group LLC announced that it purchased substantially all of the assets of Sugarfina and its affiliates in a sale recently approved by the U.S. Bankruptcy Court for the District of Delaware. The …

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Gap shares tumble after CEO Art Peck steps down, retailer issues weak forecast

Gap Inc. shares tumbled in extended trading Thursday after the company said CEO Art Peck will be stepping down immediately, and be replaced by the founders’ son temporarily.  Gap, which has been struggling to revive its sales, also slashed its forecast for the year, citing a “challenging quarter.” Its shares sank more than 7% in …

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All Good Things and beauty retailer Space NK sign up for Cribbs Causeway

M&G Real Estate and intu, the joint owners of Cribbs Causeway, have announced the leasing of a combined 6,000 sq ft of space to brand-new fashion concept, All Good Things and beauty retailer, Space NK. Founded in Covent Garden over 25 years ago, Space NK now has 71 stores in its portfolio across the UK …

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OFM Awards 2019: Best independent retailer – Field & Flower | Food

James Mansfield and James Flower met in 2006, in a blaze of tweed, shotguns and Range Rovers at the Royal Agricultural College in Cirencester. “Don’t judge us,” says Flower, who grew up rearing cattle in Somerset. He was expecting the place – now the Royal Agricultural University – to be full of farmers, but there …

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Chinese partner of GNC reportedly considering buyout of retailer

Get great content like this right in your inbox. Subscribe Will GNC Holdings go private? GNC’s Chinese investor, Harbin Pharmaceutical Group Co., is considering a potential bid to take the vitamin and supplement retailer private, reported Bloomberg. In addition to being an investor in GNC, Harbin Pharmaceutical recently started a joint venture with the company. …

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Macy’s becomes biggest US retailer to end fur sales | Business

Macy’s has announced it will end the sale of fur across its stores, notching a major win for animal rights activists. The US retailer joins a growing number of brands, cities and states turning away from the use of products made with animal fur. Prada, Ralph Lauren, Gucci, and Burberry have already dropped real fur. …

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