Tuesday Morning Brief: #retail, #operations, #ecommerce Tuesday Morning Brief: #retail, #operations, #ecommerce

Tuesday Morning Brief: #retail, #operations, #ecommerce Featured

BRIEF: #retail, #operations, #ecommerce

 

Ralph Lauren to cut jobs, close flagship Fifth Avenue Polo store. Ralph Lauren Corp said on Tuesday it would cut jobs and shut its flagship Polo store on Fifth Avenue in New York City, among other office and store locations, as part of a cost-cutting plan. The company will close its flagship Polo store on Fifth Avenue, revamp its e-commerce operations and cut jobs in a $370 million shake-up. (reuters)

 

Marissa Mayer will not be part of the new AOL-Yahoo combined company called Oath. The Yahoo CEO is on her way out, say sources, which is really no surprise. (recode)

 

Burberry retreats on beauty strategy, signs deal with Coty. (businessoffashion)

 

Electric car maker Tesla passes GM as most valuable U.S. car company. Tesla Inc on Tuesday morning surpassed General Motors Co as the most valuable U.S. auto firm. (Bloomberg)

 

Amazon launches social media influencer referral program. Amazon has launched a social media influencer beta program enabling people with “large followings and a high frequency of posts with shoppable content” to generate referral fees on purchases they drive through their social platforms and activities. (retaildive)

 

Uniqlo chief: We'll close stores if US imposes border adjustment tax. Japanese apparel retailer Uniqlo threatened to shutter its U.S. stores if faced with the border adjustment tax touted by Republicans and endorsed by President Donald Trump. "If I was directly told to do so, I will withdraw from the United States,” Tadashi Yanai, chairman and president of Uniqlo owner Fast Retailing Co. (retaildive)

 

Sephora opens NYC Beauty TIP Workshop concept stores, debuts Tap and Try. The Beauty TIP stores feature a centralized Beauty Workshop workstation, a table where clients come together to learn via group beauty classes with Sephora's educated facilitators; to leverage tutorials and Sephora Virtual Artist technology on integrated in-store iPads; or to gather inspiration from The Beauty Board, a shoppable gallery of user-generated content on a large digital screen. Each station is equipped with its own products, iPad, USB port and Wi-Fi, so customers can play, browse and share looks on the digital screen and online, right from their seat. (retaildive)

 

Office supplies retailer Staples explores sale: source. Staples Inc is in talks with private-equity firms about a potential sale, a source familiar with the matter said on Tuesday, sending shares of the largest U.S. office supplies retailer up more than 10 percent. (reuters)

 

Asos Lures Overseas Customers Thanks to Weak Pound. The decline in the pound has been a boon to Asos because it generates about 62 percent of its sales from overseas customers. (businessoffashion)

 

WhatsApp plans Indian digital payments. Facebook-owned messaging app would challenge Alibaba’s PayTM in fast growing market. (ft)

 

Target taps Avery Dennison for massive RFID project. The retailer is deploying the technology for a variety of inventory management and customer experience needs, with an emphasis on apparel and home products. (retaildive)

 

UPS outlines expansion plans for Saturday pickup and delivery. The shipper is looking to bring weekend services to almost 4,700 U.S. cities and towns ahead of the upcoming holiday shipping season, and wants to expand to about 5,800 markets in 2018.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

back to top

Subscribe to the Business Brief Newsletter

Get our complimentary briefing, featuring news & analysis of the business trends and practices.
Terms and Conditions