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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 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.
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.
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.
Young people have made celebrity and influencer meals popular -- leading fast-food chains to drop them regularly. Now, one startup called Popchew is trying to tap this trend by facilitating collaborations between creators and restaurants.
Liquidators often buy excess and returned merchandise from retail giants, which they then sell to resellers and regular consumers typically at a much lower price. As retailers’ warehouses pile up with goods that are no longer seeing high demand, tapping liquidators is one of the methods retailers use to make room for other items.
A recent U.S. Supreme Court ruling about a California labor law is being hailed as a victory for companies when it comes to potential legal action from employees. Over the years, PAGA settlements have cost some retailers millions of dollars in California. But there's still questions on how and when they could be on the hook for certain types of claims.
Packaged goods giants continue to grow their health and wellness offerings with the help of acquisitions. The latest buyout by Mondelez, $2.9 billion for Clif Bar, signals strong M&A activity in the food and beverage industry.
The furniture and houseware industry saw record-breaking sales in early 2022. But that high could come down due to a variety of factors. In turn, retailers are shifting their focus away from work-from-home staples like desks and chairs, and toward accessories.
Retailers recently warned that they had too much inventory as a result of shifting consumer demand and supply chain issues, which had a significant impact on their bottom lines. In a bid to reduce their inventory levels, some have resorted to discounting, while others have completely cut down their assortment.
Temporary tattoo brand Inkbox's co-founder and CEO Tyler Handley joined the Modern Retail Podcast this week and spoke about the brand's growth and sales -- as well as the overall temporary tattoo industry.
As its name suggests, Franchise Group or FRG mainly owns franchised or franchisable businesses. The company’s fiscal year revenue in 2021was $3.3 billion, making the company smaller than Kohl’s, which made $19 billion in revenue that year. Experts interviewed by Modern Retail said the deal was surprising given that Kohl’s appeared to be an outlier in Franchise Group’s portfolio.
Home Depot in May announced that it would be creating a $150 million venture capital fund to invest and partner with early-stage companies. In March, Victoria’s Secret announced an $18 million investment for a minority stake in beachwear brand Frankies Bikinis. Though retailers investing in other startups isn’t necessarily a new concept, experts said it is becoming more common as retailers are having to evolve more rapidly to meet the needs of customers.
Supply chain innovation has been one of the emerging trends amid the pandemic's delays and labor shortage. Over the past year, a number of big-box retailers have announced their investments in high-tech fulfillment and automated warehouses.
David's Bridal last month that it has purchased Anomalie, the online brand that allows brides to design and order custom-made dresses, for an undisclosed figure.
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.
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