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The News, Commentary & Events that Shaped Commerce This Week
week of 8/30/2019 |
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| Le Tote Buying Lord & Taylor from Hudson’s Bay for $100 Million |
| In a surprising move, Hudson’s Bay Company is selling the storied Lord & Taylor chain, which dates to 1826 in New York, to fashion rental subscription startup Le Tote for a relatively cheap $75 million upfront, and another $25 million via a promissory note in two years. …» |
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| Sears Hometown and Outlet Stores Sold to Liberty Tax |
| Lease-to-own retailer Sears Hometown has been saved from potential failure through a $133 million acquisition by tax preparation firm Liberty Tax, which has been on a buying spree of distressed businesses this summer as it expands into the world of franchise retail and rent-to-own. …» |
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| Building Cross-Channel Marketing Excellence at Lowe’s |
| Whether customers are looking for something specific or simply just browsing online or in store, finding a sale is always a bonus. Through specials, retailers strategically place products where customers are sure to find them, physically and digitally. Here is how Lowe’s was able to significantly improve the complex process of producing print and digital circulars across its 400,000 SKUs …» |
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CommerceChat: Podcasts Exploring Ecommerce Trends |
| Explore the library of MCM Commerce Chat and hear the trends and insights that continue to shape the dynamic world of direct-to-customer selling directly from the source. Each month, a new topic and thought leader is featured ñ subscribe today! |
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| FAA Allows Drone Meal Deliveries in North Carolina Test Program |
| Residents of a North Carolina town will be able to get meals delivered by drone as part of a limited test program sanctioned by the Federal Aviation Administration, as it takes baby steps toward broader approval of drone operations. Israeli drone service firm Flytrex is hoping the test program will expand to all kinds of deliveries, even to backyards.…» |
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| Forever 21 Considering a Bankruptcy Filing |
| Apparel retailer Forever 21 is considering a bankruptcy filing as efforts to restructure its debt have run dry. CNBC reported that Forever 21 had been exploring restructuring options to avoid liquidation as its business struggles continue, but those efforts have stalled and a Chapter 11 filing is possible. …» |
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