Wayfair Provides Peek At New Pop-Up Shops
Wayfair has finalized the look for its new pop-up shops that will debut this summer.
Retail
Target: Deal Days Promotion Delivered
According to Target, millions of customers shopped hundreds of thousands of items across the retailer’s assortment— from home décor and housewares to clothing, toys, electronics and more— during Target’s Deal Days, two days of online savings on July 15 and 16.
Pier 1 Imports Appoints Diemoz President, Riesbeck CFO
Pier 1 Imports has appointed Douglas Diemoz to the newly created role of president and Robert Riesbeck as evp/chief financial officer, both effective July 22, 2019.
Report: J.C. Penney Eyes Debt Restructuring Options
Struggling department store chain J.C. Penney, facing debt payments of approximately $4 billion over the next few years, has reportedly hired advisors to examine debt restructuring options.
eBay Q2 Beats Wall Street As It Updates Operations
In the second quarter ended June 30, eBay continued reviewing its operations portfolio even as it beat a Wall Street earnings estimate.
Wayfair Promotes Netzer To Chief Operating Officer
Wayfair’s James Savarese, chief operating officer, and John Mulliken, chief technology officer, are retiring from the company. In addition, Thomas Netzer and Allan Lyall, both currently executives in its European business, have received promotions.
Kohl’s Elects Bender To Board Of Directors
Kohl’s has increased the size of its board of directors to 11 members and elected Michael Bender to fill the new board seat effective immediately.
Ikea Shutters Plant But Still Sourcing Made In U.S.A. Products
Ikea is shutting down its lone manufacturing plant in the U.S., but it still will source a substantial proportion of the products it sells in the U.S. from domestic factories, the company told HomeWorld Business.
Wayfair Supports Homes For Our Troops Charitable Efforts
Wayfair is partnering with Homes For Our Troops (HFOT), a nonprofit organization that builds and donates specially adapted custom homes nationwide for severely injured post-9/11 veterans.
Giant Eagle Tests Checkout-Free Shopping Technology
Regional supermarket operator Giant Eagle has teamed with Grabango, a checkout-free technology provider, to create a no-wait exit option for customers.
Amazon Touts Prime Day Sales Success
Prime Day 2019 rolled through as Amazon’s largest shopping event ever with more than one million deals exclusively for Prime members, the company declared.
Kohl’s Boosts Hiring Plans For Fall And Holiday Season
Kohl’s is boosting its hiring plans for the back-to-school, fall and holiday seasons, as well as a 130-store “omni power center” pilot program.
NRF: Consumers Kept Spending In June
Despite continued concerns about the impact of tariffs on prices of consumer products, shoppers started the summer season by opening their wallets.
Pottery Barn Readies ‘Friends’ Home Collection
Pottery Barn has revealed plans to launch a “Friends” home décor collection, to celebrate the 25th anniversary of the beloved hit television show.
Conn’s Settles SEC Investigation
Conn’s has reached a settlement with the Securities and Exchange Commission. The settlement arises from the previously disclosed SEC investigation commenced in November 2014 into the company’s underwriting policies and bad debt provisions from July 31, 2012, to July 31, 2014.
Target Names Govind To Oversee Infrastructure, Operations
Target has named Hari Govind svp/infrastructure and operations for the company’s technology team.
Amazon Discounts Continue Through Prime Day 2
According to the company, Amazon discounts on Prime Day June 15 saved its Prime members across the U.S. hundreds of millions of dollars and more bargains are coming, including deals on smart home, home furnishings and housewares.
Rent-A-Center To Purchase Merchants Preferred
Weeks after settling litigation related to a purchase deal, Rent-A-Center has entered into a definitive agreement to acquire substantially all of the assets of C/C Financial Corp., which does business as Merchants Preferred, a nationwide provider of virtual rent-to-own services.
Survey: Amazon Prime Day Shoppers Set To Check Other Sites
According to a study from marketing technology and analytics agency Adlucent, consumers planning to take advantage of Amazon Prime Day remain enthusiastic about the e-tailer. But the shopping doesn’t stop there, as approximately 68% of consumers will explore beyond Amazon, comparing products and prices on other sites.
At Home Opens 200th Store
At Home has opened its 200th store, in San Diego, marking a major milestone as the company continues its growth and expansion plans across the country.