THIS JUST IN
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American Eagle shares drop after revenue falls short, e-commerce sales slow from last year
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Walmart hikes hourly pay by $1 for more than 550,000 workers ahead of the holidays
CNBC
JD.com appoints new president as founder steps back from day-to-day operations
Business Insider
DoorDash and Grubhub are being sued by the city of Chicago
Reuters
Singapore’s Shopee changes the game in Brazil’s e-commerce sector
CNBC
Ikea pilots U.S. furniture buyback and resale program
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Foot Locker shares soar on huge earnings beat and on retailer’s optimism for 2H
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Target to add more than 100 Disney shops to stores as holiday season approaches
Reuters
Amazon To Pay Shoppers Hurt By Others’ Products
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The ‘buy now, pay later’ trend could be the next hidden source of consumer debt, analysts warn
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Delta variant, supply-chain chaos threaten to derail strong back-to-school shopping season
CNBC
Tyson Foods will require its 120,000 U.S. workforce to get vaccinated
CNBC
Under Armour shares rise as earnings top estimates, retailer hikes outlook
Reuters
Amazon denies report of accepting bitcoin as payment
Reuters
Hasbro ramps up toy supply for holiday season to beat shipping delays
McDonald’s taps company veteran as its first global customer officer
Yahoo News
Gap Inc. Enriches Rewards Program
CNBC
Chipotle, Starbucks and Domino’s stocks hit all-time highs as investors shrug off delta variant
CNBC
Crocs reports record revenue, raises full-year guidance despite supply chain disruptions
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Walmart’s Indian e-commerce store Flipkart raises $3.6 billion in fresh funds
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Nordstrom buys stake in four apparel brands owned by UK fashion house Asos
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As billions flow into a crowded online grocery market, a wave of consolidation could be on the way
CNBC
Walgreens swings to a profit and raises forecast
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U.S. adds 850,000 jobs in June, better than expected
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Juul agrees to $40 million settlement in North Carolina teen marketing lawsuit
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Singapore wants to be an e-commerce hub as Asia’s digital economy grows
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Nike shares surge 15%, hit record high as $50 billion sales outlook tops expectations
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DoorDash and Albertsons partner on same-day grocery delivery from nearly 2,000 stores
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Amazon Prime Day is on
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Home Depot contracted its own container ship as a safeguard
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Amazon will overtake Walmart as the largest U.S. retailer in 2022
Reuters
Supermarket groups Carrefour and Tesco to end purchasing alliance
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Walmart joins Target in saying stores will be closed on Thanksgiving Day
PR Newswire
Sheetz Becomes First Convenience Store Chain to Accept Bitcoin
Reuters
Retailers and unions agree on 3-month extension to Bangladesh workers’ safety accord
Reuters
British retail faces “tsunami of closures” without rent help
CNBC
Walmart and Gap are coming together to create an exclusive home decor brand
CNBC
Women could add $280 billion to Southeast Asia’s e-commerce market by 2030
CNBC
Peloton to invest $400 million to build its first U.S. manufacturing facility
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Gwyneth Paltrow’s Goop threatened with shutdown in the UK
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China’s JD Logistics set to raise $3.2 billion in Hong Kong IPO
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Under Armour to raise hourly wages to $15
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Target sales jump 23% as exclusive brands and curbside bring in customers
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Walmart is doubling down on ‘rollbacks’ as inflation pushes prices higher
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Target, Starbucks and other retailers ease mask mandates for fully vaccinated customers
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China says retail sales grew 17.7% in April, missing expectations
Business Insider
Dollar General at center of labor unrest controversy
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Peloton shares rise as treadmill recall impact not as bad as feared
CNBC
Adidas reports 150% sales hike in China despite local boycott over human rights
The Hill
Rite Aid expands walk-in vaccine program to 17 states
CNBC
Tiffany is selling men’s engagement rings for the first time
Business Insider
LVMH is selling unused luxury fabrics and leathers online from $4 a meter
CNBC
L Brands’ Victoria’s Secret reportedly back in sale talks targeting higher valuation
CNBC
Mattel sales soared 47% as parents bought toys with stimulus checks, toymaker raises outlook
Business Insider
Kroger, Target, and Walmart are optimizing their delivery and fulfillment strategies to compete with Amazon
Business Insider
Impossible Foods hires former Apple creative director Steve Turner
CNBC
Coca-Cola CEO says company will raise prices to offset higher commodity costs
CNBC
Nobull, the athletic apparel brand with a cult-like CrossFit following, raises cash to speed global expansion
Reuters
Alibaba shrugs off $2.75 billion antitrust fine, shares rally
CNBC
McDonald’s will close hundreds of locations in Walmart stores as pandemic changes shopping habits
CNBC
Dick’s Sporting Goods just opened a massive store with a virtual driving range and outdoor track.
CNBC
Levi Strauss wants to capitalize on commercial vacancies as it expands footprint, CEO says
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UBS predicts 80,000 stores will close in the U.S. by 2026
Reuters
Amazon says deliveries unaffected by strikes in Germany
CNBC
ThredUp shares jump nearly 43% in first day of trading
CNBC
Bed Bath & Beyond poaches Wayfair, Walmart execs to help it grow online
Business Insider
Amazon-backed Deliveroo is targeting a $12 billion valuation for its $2.5 billion IPO
Business Insider
Amazon is using new AI-powered cameras in delivery trucks that can sense when drivers yawn
Reuters
In India, Reliance Retail’s private labels revolution spooks global consumer goods makers
CNBC
Williams-Sonoma CEO refocuses on in-store traffic after a surge in online sales last year
PRWeb
Top 100 Retail Influencers for 2021 Awarded by RETHINK Retail
CNBC
GameStop shares jump after retailer taps Chewy co-founder Ryan Cohen to lead e-commerce shift
CNBC
Saks Fifth Avenue owner spins e-commerce site into separate business
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Gap forecasts return to sales growth in 2021
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At-home fitness company Tonal to open shops within 40 Nordstrom stores
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Online shipping costs expected to increase further into the pandemic
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CVS Health earnings top estimates as prescription volume, Covid vaccines increase
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American Girl sales grow for the first time in 4 years
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Uber will offer free rides to Walgreens to expand access to Covid vaccines
CNBC
Burger King tests loyalty program as part of digital push
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Nordstrom sees revenue rising 25% in 2021 as it puts focus on Rack, small-format stores and e-commerce
CNBC
Ulta Beauty to double Black-owned brands in its stores
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Britain is cracking down on the $3.7 billion ‘buy now, pay later’ industry
BBC
Asos frontrunner to buy Topshop, Topman and Miss Selfridge brands
CNBC
U.S. toy sales surged 16% in 2020
CNBC
Target plans $200 million in employee bonuses
CBBC
Petco shares surge 63% in first day of trading
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Holiday sales rose stronger-than-expected 8.3%
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Walmart’s e-commerce chief Marc Lore to leave after jump-starting retailer’s digital business
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Driven by digital, UK entertainment revenues topped $12 billion last year
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Starbucks pledges $100 million to help small businesses and communities
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Rite Aid CEO said retailers will get tapped sooner than expected to help speed vaccine rollout
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Retail rents tumble to historic lows in New York City amid bankruptcies and store vacancies
CNBC
Mall of America no longer delinquent on $1.4 billion mortgage
Reuters
Amazon to acquire Wondery in podcast push
Reuters
Electric vehicle maker Tesla to deliver China-made Model Y SUVs this month
CNBC
Chipotle launches cauliflower rice nationwide
CNBC
JC Penney CEO Jill Soltau to leave retailer
CNBC
Pierre Cardin dies at 98
CNBC
Dick’s Sporting Goods and Instacart to offer same-day delivery amid holiday crunch

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