Bed Bath & Beyond’s efforts to test new store layouts and merchandising techniques is the latest move by a major retailer to update its stores.
Bill Smith, founder and CEO of Shipt, a wholly owned subsidiary of Target, announced he will be departing the company to pursue his next entrepreneurial challenge. He will continue to serve as an advisor to the company. Kelly Caruso will join Shipt, effective immediately, as the new CEO.
Target’s omnichannel strategies seem to be paying off, as the retailer enjoyed a strong fourth quarter and its best fiscal year in more than a decade.
Target is launching Target +, a curated assortment of products from third-party sellers on Target.com. An initiative in its early stages, it is designed to complement Target’s current assortment with selected additions in popular areas like home, toys, electronics and sporting goods.
Target is kicking off its “Weekend Deals” for the holiday season with a Saturday- and Sunday-only series of savings on kitchen appliances and cookware.
Williams-Sonoma has appointed Anne Mulcahy to its board of directors.