In a deal that reduces its role in the Japanese retail market, Walmart has signed a definitive agreement with investment firm KKR & Co. and Internet services provider Rakuten under which KKR will purchase a majority stake and a new Rakuten subsidiary will purchase a minority stake in Seiyu GK at $1.6 billion.
Meijer has revealed a sneak peek at weeklong holiday deals that will replace traditional Black Friday sales its stores have offered in recent years. The ads are the latest in the retailer’s continued efforts to provide customers opportunities to adjust their shopping strategies due to the pandemic.
The Home Depot has entered into a definitive agreement to acquire HD Supply Holdings, Inc., a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. The acquisition is expected to position The Home Depot as a premier provider in the MRO marketplace.
A new study from Juniper Research indicates that the transaction values for physical goods sales online will grow from $3.3 trillion in 2020 to $4.4 trillion worldwide by 2025, with the 33% growth the difference represents hastened by the COVID-19 pandemic.
Amazon plans to launch a new, state-of-the-art fulfillment center in Mississippi’s Madison County, creating more than 1,000 new, full-time jobs. The fulfillment center will be the first facility located in the state to feature Amazon’s innovative robotics technology.
Bed Bath & Beyond has completed the sale of its Christmas Tree Shops retail banner, its institutional Linen Holdings business and a distribution center located in Florence, NJ. Total cash proceeds from the three separate sale agreements were approximately $250 million.
Blackhawk Network, which develops branded pay products, has determined that the COVID-19 pandemic has renewed consumer interest in home, redecorating and DIY projects as suggested by a study conducted from August 24 to 31 indicating that home good gift cards purchasing had increased 71% year over year.
Bed Bath & Beyond has introduced the Cozy Backyard Holiday collection, a furnishings and housewares array curated to help consumers “enjoy the present” with ideas for creating a winter wonderland at home, the company said.
Walmart is preparing for the holidays by leveraging new and existing technology in its supply chain network, using some of its current real estate differently by increasing its e-commerce fulfillment capabilities.
Target is celebrating the one-year anniversary of its loyalty program, Target Circle, and will be offering its nearly 80 million members more ways to save big this holiday season.
Alibaba Group has reported that its 2020 11.11 Global Shopping Festival generated RMB498.2 billion ($74.1 billion) in gross merchandise volume during the 11-day campaign from November 1 to 11, an increase of 26% compared to the same timeframe in 2019.
Amazon said that tens of millions of Amazon Prime members will now have access to Key by Amazon’s In-Garage Delivery service in more than 4,000 cities across the U.S. The service lets eligible Prime members enjoy contactless package delivery securely inside their garage, and offers convenient delivery confirmation for customers using the app.
Hilco Streambank, an advisory firm specializing in the sale of intellectual property assets and domain name brokerage, is seeking a buyer for the intellectual property of Century 21 Department Stores, including its trademarks, the C21Stores.com domain name, customer data, social media assets and more.
Williams Sonoma has launched its new licensed Star Wars product collection for the holiday season, which ranges from small electrics to tabletop and kitchenware, featuring popular characters from the series.
Zwilling J.A. Henckels is scheduled to open several outlet stores this month, and a full retail store in Santa Monica, CA, in January 2021.