Home

Tags

RETAIL

Retail news and archive

Kohl’s reveals investment and expansion plans for retail stores

US department retailer Kohl’s has revealed extensive plans to expand and boost its retail footprint over the next four years, with strategies revolving around new store openings, remodels and omnichannel capabilities. As part of its investment, Kohl’s said it will be adding new omnichannel features to many of its locations, bringing convenient...

20 hours ago

Retail

URW set to open three new Westfield flagships throughout Europe

Unibail-Rodamco-Westfield (URW) has announced it will be furthering the roll out of its Westfield brand into Spain, Sweden and Poland. In autumn, the retail group will be rebranding three of its centres into Westfield flagship stores, including Parquesur in Madrid, Taby Centrum in Stockholm and Galeria Mokotow in Warsaw. It comes as part of URW’...

20 May 2022

Business

Itochu acquires rights to distribute Reebok in Japan

Itochu Corporation has announced that it has acquired the rights to distribute, market and licence Reebok in Japan from the brand’s owner, Authentic Brands Group (ABG). Itochu will work together with ABG and Locondo, a Japanese shopping mall company, as well as other partners, to develop the brand through retail and e-commerce, with the goal of...

19 May 2022

Business

Digital retail solutions developer PixelPool receives grant from Epic Games

PixelPool has announced that it has been awarded a 50,000 dollar grant from gaming giant Epic Games to support the development of its digital retail solutions. The tech company said in a release that it will use the funding to further develop its Dtail Spaces application, part of its Saas platform. The feature allows apparel brands to operate...

17 May 2022

Retail

Allbirds announces opening of community-inspired stores

Sustainable footwear label Allbirds has announced it has opened two new stores in the US, both centred around the local communities they are situated in. In Chicago, the brand has launched a new retail store and community centre in the city’s Fulton Market, similar to its other new location in Nashville’s Green Hills. The openings mark the B...

17 May 2022

RetailFeatured

Klarna launches virtual shopping experience

Payment provider Klarna has announced the launch of a Virtual Shopping offering, allowing customers to browse and buy products through live chats and video calls. Utilising Klarna’s Store App, in-store experts will be able to connect with shoppers online, with the option to provide demonstrations on items and share photos of products with app...

16 May 2022

Business

Retail experience platform Nexite secures 100 million dollars in funding

Retail data analytics platform Nexite has announced it has secured 67 million dollars in its most recent Series C investment round, bringing the company’s total funding to 100 million dollars. Founded by Anat and Lior Shakedd, the platform provides brands with real-time sales funnel analytics for in-store customer experiences and to help drive...

13 May 2022

Business

3 Ways ‘Next Gen’ consumers are using payment technology to counter inflation

Inflation is at a four-decade high, forcing consumers to be more wary of their purchasing habits and impacting retailers’ much needed recovery following the loosening of covid-19 measures. However, a recent survey by Coresight Research still found a positive consumer sentiment toward spending, despite inflation, which further suggested that...

12 May 2022

Retail

Shaftesbury and Capco confirm “advanced discussions” for potential 3.5 billion pound merger

London real estate giants Shaftesbury and Capco have confirmed they are currently in “advanced discussions” for a potential all-share merger that would see the duo bring together an expansive combined retail portfolio. In a press release from Shaftesbury, the firm stated that the merger would result in a Real Estate Investment Trust focused on...

9 May 2022

Retail

Savage X Fenty announces further retail locations in US

Rihanna’s lingerie brand Savage X Fenty is continuing on the path of its retail expansion with the announcement that it will be opening six new stores throughout the US. The brick-and-mortar destinations will be located in Chicago, Long Island, Atlanta, Detroit, St. Louis and Newark. In a release, the company said: “The direct-to-consumer...

5 May 2022

Retail

NRF raises 3.22 million dollars to fund programmes supporting future retail leaders

The National Retail Federation (NRF) has raised 3.22 million dollars at its seventh annual NRF Foundation Honors, an event to raise funds for the organisation’s programmes supporting careers in retail. Set at the Marriott Marquis Times Square, the event was co-hosted by Macy’s chairman and CEO, Jeff Gennette, and former Qurate Retail president...

15 Apr 2022

Retail

Galeries Lafayette Haussmann to reveal space dedicated to wellness

Paris department store Galeries Lafayette Haussmann has said it will be unveiling a new space in its main Cupola building, completely dedicated to wellness offerings. To be opened this coming summer, the location will span an entire 3,000 square metre floor and aims to “democratise access to wellness”, a sector the retailer said is still “highly...

12 Apr 2022