A timeline of Kohl’s’ activist investor battle

Kohl’s just announced that it had ultimately decided not to go through with a sale to Franchise Group, which it had entered into exclusive negotiations with three weeks prior. And, that it had concluded its strategic review process. Here's a timeline of the saga.

Top Stories Jul 01

How Adore Me is experimenting with livestream commerce

For years, retail experts have touted live streaming as the hottest new way to acquire customers and create instant sales. However, executing video commerce isn't a one-size-fits-all strategy, as lingerie brand Adore Me has found.

Amazon Briefing: Some third-party sellers are rethinking their Prime Day discounting strategy

In less than two weeks, Amazon will launch Prime Day, a massive summer shopping event that was once known for its hefty discounts. However, given the current difficult macroeconomic climate and limited inventory, some brands might not offer as deep of discounts as they normally have.

Bed Bath & Beyond CEO exits as sales decline 25%

Sue Gove, an independent director on the Bed Bath & Beyond’s board and chair of the board's Strategy Committee, has been appointed as the interim CEO.

Other news to know

  • Retail solutions provider Enjoy Technology filed for bankruptcy less than a year after going public. The startup was founded by former Apple executive Ron Johnson, and has had trouble scaling amid staffing shortages.
  • Bed Bath and Beyond’s C-suite shuffle continues. The retailer promoted two internal executives to senior vice presidents: svp of finance and chief accounting officer and svp of treasury and investor relations.
  • Independence Day celebrations aren’t immune to inflation. According to the American Pyrotechnics Association, firework prices have more than doubled since pre-Covid.
$1.2 Billion
Enjoy’s 2021 SPAC valuation
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‘If we can pave the way’: How OKCupid is using its app and its ads to fight for abortion rights

‘If we can pave the way’: How OKCupid is using its app and its ads to fight for abortion rights

The online dating platform yesterday sent in-app notifications to all U.S. users encouraging them to donate to Planned Parenthood.

How Nuuly is using technology to aid in sustainability tracking

Many retailers are working to find new ways to cut down on waste and run more efficiently -- and some are betting more advanced technology will help along the way. Urban Outfitters' Nuuly, for example, is now using Google Cloud to help its sustainability tracking.

King David Taco's Liz Solomon Dwyer on growing a cult New York food brand

King David Taco's Liz Solomon Dwyer on growing a cult New York food brand

King David Tacos began as a Brooklyn-based taco cart and has expanded to dozens of locations, and has big expansion ambitions beyond New York City. According to founder and CEO Liz Solomon Dwyer, this is thanks to its persistent branding and ability to grow a rapt customer base.

Retailers rush to cover abortion care, but not all of their workers may be covered

Dick’s Sporting Goods, Patagonia, Levi’s and Starbucks are among the major retailers who have put out announcements since Friday in response to the Supreme Court overturning Roe v. Wade. Many of them stressed that they will support employees should they seek abortion care, and reimburse employees for expenses should they have to travel out of state for an abortion. However, what’s not immediately clear from some of these announcements is how many employees will be covered.

With eBay's acquisition of KnownOrigin, marketplaces are starting to experiment more seriously with NFTs

With eBay's acquisition of KnownOrigin, marketplaces are starting to experiment more seriously with NFTs

Even as the cryptocurrency market is headed for a downturn, established e-commerce platforms are starting to more seriously integrate non-fungible tokens, or NFTs, into their platforms. On June 22, eBay acquired NFT marketplace KnownOrigin for an undisclosed sum, signaling the e-commerce giant has larger ambitions for the world of blockchain technology and digital collectibles.

DTC Briefing: Why BlendJet launched its own marketplace

Last year, portable blender startup BlendJet added a marketplace section to its website. Today, the marketplace is a “multi-million dollar” a year business – which is still a drop in the bucket, given that BlendJet is a nine-figure business. But BlendJet’s strategy is one that’s increasingly being adopted by direct-to-consumer startups as customer acquisition costs rise.

Why businesses helping employees get abortions could face legal minefield

With Roe being tossed, employers will now want to revisit their policies on travel and reimbursement for abortions, family planning consultations and healthcare coverage, warn lawyers.

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