As it looks to sharpen its e-commerce growth opportunities, Walmart said it is repositioning the Jet.com business, integrating Jet’s teams into its core e-commerce operations.
Although Hudson’s Bay has taken a number of significant steps to right its financial course, including winding down its Home Outfitters chain and selling its German operation, the company still posted a bigger first quarter adjusted net loss. The bigger loss came despite improvement at its Saks department store and off-price operations.
Wayfair has revealed the sites of the pop up shops it will operate this summer in four retail centers.
Vixxo, a facilities management provider, has formed an agreement to provide facilities management services to extreme value retailer 99 Cents Only Stores.
Amazon is donating $8 million to Plymouth Housing and the Arlington Community Foundation, based in the company’s two headquarters regions, Seattle and Arlington, VA.
As the corporate board reviews a privatization bid, Hudson’s Bay entered into definitive agreements to sell its remaining stake in its German real estate joint venture and divest a related retail joint venture to its partner, Signa, for $1.5 billion.
In spite of higher tariffs on Chinese-made products coming in mid-June, traffic at the nation’s major retail ports is expected to stay strong as retailers look to stock up for the back-to-school and holiday shopping seasons.
One Kings Lane is collaborating with actress Minnie Driver on an exclusive furniture collection featuring three hand-drawn patterns in varying colors and scales applied across 16 silhouettes including chairs, settees, ottomans, headboards, benches and pillows.