Retail insights from Retail & Tech No3
Retail news and trends to watch out for Shrinking brick-and-mortar. There are more signs of retailers...June 15, 2020
Singapore’s Suntec City launches livestreaming shopping festival
Singapore-based mall Suntec City will host the city state’s first mall livestreaming festival called Suntec Shopfest. The...June 15, 2020
Sephora to dedicate 15% of shelf space to Black-owned companies
Sephora (LVMH) is to dedicate 15% of its shelf space to Black-owned companies. The move sees the...June 11, 2020
29% of UK consumers refuse to queue at stores to buy beauty
Some 29% of UK consumers said they would not wait in line to buy beauty products, according...June 10, 2020
Macy’s Q1 loss comes in at $650m, sales down 45%
Macy’s was hit hard by COVID-19, with net sales down 45% to $3.017bn and net loss coming...June 9, 2020
Retail Insights from Retail & Tech No2
Retail news and trends to watch out for Whatsapp selling. More retailers are looking to Whatsapp to...June 9, 2020
Macy’s raises $4.5bn in new financing
US-based department store Macy’s has raised $4.5bn in new financing, including its previously announced $1.3bn of senior...June 9, 2020
Key takeaways from BW Confidential/Cosmoprof webinar: Restarting Physical Retail
BW Confidential’s Editor in Chief Oonagh Phillips moderated a webinar on Restarting Offline Retail at Cosmoprof’s new...June 9, 2020
Sycamore in talks to acquire JCPenney, reports say
Private equity firm Sycamore Partners is in talks to acquire US-based retailer JCPenny, according to a report...June 8, 2020
JCPenney accesses debtor-in-possession financing, to close 154 stores
US-based retailer JCPenney has received court authorization to access its debtor-in-possession (DIP) financing of some $450m in...June 4, 2020
Ulta Beauty temporarily closed 100 stores amid US protests
US-based beauty retailer Ulta Beauty has temporarily closed some 100 locations across the US amid looting during...June 4, 2020
Douglas launches campaign to celebrate Pride month
Germany-based beauty retailer Douglas has launched a MyBeauty.MyPride. campaign to celebrate Pride month. Central to the campaign...June 2, 2020
Retail Insights from Retail & Tech No1
Retail news and trends to watch out for Opening up. More stores have begun to re-open after...June 2, 2020
Galeries Lafayette re-opens Paris flagship store
French department store Galeries Lafayette re-opened its Paris flagship store on boulevard Haussmann on May 30. The...May 30, 2020
Sephora North America revamps Beauty Insider loyalty program
Sephora has added new features to its Beauty Insider loyalty program in North America, including new savings...May 29, 2020
Ulta Q1 sales down 33%, sees stronger than expected sales at reopened stores
US-based retailer Ulta Beauty said that store closures due to the COVID-19 pandemic significantly impacted sales and...May 29, 2020
Boots UK implements new in-store hygiene measures
UK retailer Boots (Walgreens Boots Alliance) has implemented additional hygiene and social-distancing measures in light of the...May 28, 2020
Galeries Lafayette launches digital personal shopping service
French department store Galeries Lafayette has launched a live video personal shopping service called Exclusive Live Shopping....May 28, 2020
French court allows Printemps to re-open
French department store Printemps received court approval on May 26 to re-open its flagship store on Paris’...May 27, 2020
Macy’s expects 45% decline in sales in Q1
US-based department store Macy’s said it expects first-quarter sales to drop by around 45% to $3bn compared...May 21, 2020
Sephora to launch flagship store on Tmall Global
Beauty retailer Sephora is to launch a flagship store on Alibaba’s cross-border e-commerce platform Tmall Global. Sephora...May 20, 2020
Hong Kong retailer Sincere receives $64.5m bid
Financial services group Realord Asia Pacific is set to offer HK$500m ($64.5m) to acquire Hong Kong-based department...May 20, 2020
Malaysian mall Sunway Pyramid launches online store
Malaysian mall Sunway Pyramid has launched an online store to provide customers with safer shopping during Hari...May 20, 2020
Glossier furloughs staff
Beauty brand Glossier will furlough its retail teams in New York, Los Angeles and London, from June...May 19, 2020
Retail insights from Beauty Insight n°208
Retail news and trends to watch out for -JC Penney is the latest department store in the...May 18, 2020
US April retail sales down 21.6% year-on-year
US retail sales fell 21.6% in April year-on-year to $403.9bn, and declined 16.4% compared to March 2020,...May 18, 2020
JCPenney files for bankruptcy protection
US-based retailer JCPenney filed for Chapter 11 bankruptcy protection. The department store chain group entered into a...May 15, 2020
Neiman Marcus creditor suggests Saks Fifth Avenue deal
US-based retailer Neiman Marcus is potentially exploring a combination with department store chain Saks Fifth Avenue (Hudson’s...May 14, 2020
Bluemercury launches curbside pick-up
US-based beauty chain Bluemercury (Macy’s) launched a contactless curbside pick-up service in select locations on reduced operating...May 13, 2020
Macy’s gains new shareholder
Czech businessman’s Daniel Kretinsky’s Vesa Equity Investment has taken a 5% stake in US-based retailer Macy’s, according...May 13, 2020