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August 3, 2015 at 2:10 pm
Yahoo announced via blog post that it will acquire social fashion and shopping startup Polyvore. The terms of the deal haven't been disclosed. “Polyvore is a leading social shopping site that enables its users across the globe to shop their favorite products, discover new inspiration and express their style. The acquisition will accelerate Yahoo’s digital content…
July 31, 2015 at 3:18 pm
Travel retail typically plays second fiddle in brand communications, which emphasize flagship mono-brand stores. However, people traveling account for 40 percent of global spending on personal luxury goods, with 12 percent to 13 percent captured by the specialized and globally dispersed travel retail channel. Airport malls account for almost 60 percent of the travel retail…
July 31, 2015 at 3:04 pm
The eBay discussion boards contain many reports of a drop in sales by individual sellers. Unfortunately, eBay took away sellers’ ability to track traffic, so it's difficult to pinpoint the root causes of the decline. eBay admits it has a problem, revealing two weeks ago that its active-buyer growth rate was down 2 percent from…
July 31, 2015 at 2:57 pm
Wayfair, an online retailer of home furnishings and décor, announced a partnership with Sherwin-Williams, the nation's largest specialty retailer of paint and painting supplies, to launch the Restore & Renew DIY Hub. The custom-designed online resource features four Sherwin-Williams diversified brands, including Purdy, Krylon, Thompson’s WaterSeal and Minwax, with exclusive content that will help consumers…
July 31, 2015 at 2:46 pm
Two Californians were criminally charged over their alleged roles in a conspiracy to steal 94,000 credit and debit card numbers from Michaels Companies Inc customers, in a prominent 2011 cyberattack affecting the largest U.S. arts and crafts retailer. The charges against Angel Angulo, 25, of Riverside, and Crystal Banuelos, 28, of Bloomington, were announced on…
July 31, 2015 at 2:31 pm
Saks Fifth Avenue has unveiled plans to up the shoe ante across the luxury department store circuit. The high-end department store announced plans to open a freestanding shoe store in Greenwich, Conn. According to Women's Wear Daily, the famous 10022-shoe department at Saks’ Manhattan flagship store, which has since been reproduced in 19 other Saks…
July 30, 2015 at 2:42 pm
Amid a wave of store closings, a couple of mid-market apparel retailers have found new owners and are mapping out a turnaround strategy, banking on bucking the trend of shrinking fashion chains. Men’s clothing retailer Grafton Fraser Inc., which runs Tip Top Tailor, said Wednesday it has acquired 35 Jones New York women’s wear stores…
July 30, 2015 at 2:33 pm
When Amazon.com announced the Dash Button back on March 31, it seemed like an early April Fools’ Day joke: it had made a button you can buy that would place an order for something — a single, specific product — whenever you pressed it. But the Dash Button was very real and designed to be…
July 30, 2015 at 2:27 pm
Oklahoma City-based Hobby Lobby Stores is fighting Visa and MasterCard in court over what it claims are excessive fees for accepting debit and credit cards at its stores. Hobby Lobby and its sister company Mardel have filed an antitrust lawsuit against Visa and MasterCard in U.S. District Court in Oklahoma City over the fees, which…
July 30, 2015 at 2:16 pm
A Target Corp. executive who helped birth one of the Minneapolis-based retailer’s most celebrated digital innovations is leaving the company. Alan Wizemann, vice president of mobile and Target.com, played an instrumental role in launching Cartwheel, the retailer’s mobile coupon app that has rung up more than $1 billion in sales since it rolled out two…
