Multichannel Retail
Top stories summarized by our editors
6/18/2018

The 16-foot fiberglass statue of Toys R Us mascot Geoffrey the Giraffe that stood in the lobby of the retailer's headquarters will have a new home at Bristol-Myers Squibb Children's Hospital in New Brunswick, N.J. Liquidation adviser Joseph Malfitano paid an unspecified fee to buy the statue and will spend $10,000 to ship it to the hospital.

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Toys R Us, Geoffrey
6/18/2018

Indian online fashion retailer Myntra will expand awareness of its private-label lines with new brick-and-mortar stores, the company said. Myntra will expand from 12 to 200 stores over the next two years, including 50 locations for its best-selling Roadster brand.

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LiveMint (India)
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Myntra
6/18/2018

Workforce Solutions Greater Dallas and training specialist Penn Foster have created a tech-driven training program to help people gain the skills they need to fill retail jobs and move up in their careers. The Retail Skills Digital Academy will offer training from the NRF Foundation that users can access via mobile devices.

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NRF, NRF Foundation, Penn Foster
6/18/2018

Teen fashion retailer Rue 21 has hired Columbus Consulting International to help it create a tech strategy that improves the customer experience. The retailer will focus on increasing data collection, improving inventory transparency and in-store pickup of online orders and using analytics to improve merchandising.

6/18/2018

US tariffs on 1,102 product lines from China that are set to take effect July 6 largely focus on high-tech goods instead of apparel and footwear, but retail and manufacturing groups say a trade war sparked by tariffs will hurt US consumers. "These tariffs won't reduce or eliminate China's abusive trade practices, but they will strain the budgets of working families by raising consumer prices," NRF President and CEO Matthew Shay said.

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NRF, Matthew Shay
6/18/2018

About 60% of consumers who shop at Whole Foods Market are also Amazon Prime members, making them eligible for discounts and deals at a growing number of Whole Foods stores. The retailer has also added free two-hour delivery for Prime members in more markets, and Amazon is putting more of its branded products into Whole Foods stores.

6/18/2018

Google will spend $550 million to acquire shares in Chinese e-commerce company JD.com as part of a partnership designed to help both companies grow in Southeast Asia, Europe and the US. Google is expanding its presence in global e-commerce, and last week it announced an online grocery partnership with French retailer Carrefour.

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Google, SE Asia, Carrefour
6/18/2018

Fifty-one percent of consumers will give up on a mobile site if it takes more than about three seconds to load, and more than half will also abandon an order at checkout if it takes too long to enter payment information, according to recent studies. Seamless, fast online and mobile shopping experiences and payment systems are increasingly important for retailers, said Richard Alfonsi of the online payment platform Stripe.

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Richard Alfonsi
6/18/2018

Canada Goose Holdings will open new stores in Vancouver, Montreal and Short Hills, N.J., this year, in addition to previously announced new locations in Asia, the company said. Brick-and-mortar stores in major cities including London and New York City have boosted the luxury parka brand's direct-to-consumer sales, which now account for more than 40% of total revenue.

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Canada Goose Holdings
6/18/2018

Shoe retailer Foot Locker has opened a 21,000-square-foot, two-story flagship in Britain's Liverpool One shopping centre. It's the retailer's biggest European location.

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Foot Locker, Liverpool One