Walmart Acquires Bonobos for $310 Million
Walmart announced the acquisition of Bonobos. The big-box retailer bought the online clothing retailer for $310 million in cash. See what changes are coming down the pike for both companies.
Amazon Launches New Rewards Program for Prime Members
Amazon launches new rewards program for Prime members which allows 2% cash back rewards every time they reload their gift card balance with their checking account or debit card. See why this is a win for Amazon and Prime members.
Neiman Marcus Pulls Itself Off the Market
Neiman Marcus announced it would no longer be up for sale as it looks for other “strategic alternatives” to stay afloat in this ever-changing retail climate. See what lead the company to make this decision and what other plans it has going forward.
Gymboree Files for Chapter 11 Bankruptcy
Gymboree has filed for Chapter 11 bankruptcy protection and expects to operate its overall business and the majority of its stores during the restructuring process. See what company executives had to say about the benefits of restructuring and what it means moving forward.
Dress Barn Parent Company to Close Up to 650 Stores
Ascena Retail Group, the parent company for both Dress Barn and Ann Taylor, plans to close up to 650 stores in the next two years as a result of consumer’s shift to online shopping. See what the company’s next move is in light of these closures.
Sephora Using Mobile Across Entire Customer Journey
Sephora views mobile as a key part of the customer journey, and therefore it is doing everything to allow customers to discover, play and learn online and in-store. Here is how Sephora is engaging the customer throughout the entire customer journey.
Ulta Beauty Sees Over 70% Growth in Ecommerce During Q1
Ulta Beauty reported a 70.9% increase in ecommerce growth during its first quarter. See what contributed to the growth and what the company’s plans are going forward.
Michael Kors to Close Up to 125 Stores
Michael Kors is expected to shut down up to 125 stores this year, according to various media reports. See what led to these store closures and what Michael’s Kors plans are from here.
Google Launches Purchases on Google Program
Google has launched its Purchases on Google program, allowing merchants that sell on Google to have a call to action in the search engine results page. See how users can benefit from this program and what it means for Google.
Walmart Transforms Its Ecommerce in the Age of Amazon
Walmart is taking the bull by the horns in its efforts to compete with Amazon, with a slew of rapid changes primarily spearheaded by its head of domestic ecommerce Marc Lore, founder and CEO of Jet.com. See what industry experts had to say about how Walmart is positioning itself against Amazon.