Welcome to FierceRetail's Most Powerful Women in Retail. Several years ago, I wrote a column wondering why there weren't more powerful women in retail. It was a response to Forbes' annual Most Powerful Women list, one that included preciously few women from this industry.
Walmart has acquired the outstanding shares of Chinese e-commerce retailer Yihaodian. With full ownership, Walmart plans to invest in its e-commerce growth and further consumers' omnichannel experience across online, mobile and physical stores. Story
Amazon's Prime Day promises to be a big win, but not just for Amazon. The event intended to celebrate the retailer's 20th anniversary and grow Prime membership is really a better vehicle to launch something retailers have been wanting for a very long time: Christmas in July. Story
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Jet.com debuted this week, but it almost seemed that the much anticipated launch would go unnoticed. Maybe because last week all that was on anyone's mind was Amazon Prime Day.
Men's apparel retailer Grafton Fraser announced the acquisition of 35 Jones New York retail stores in Canada. The acquisition is part of the company's larger growth plan for the near future.
Online retailer ModCloth announced it will open a pop-up shop between July 30 and August 17 in San Francisco's Union Square. Slightly different than the average pop-up experience, items cannot be purchased in the store, but shoppers can try on items and make online purchases for at-home delivery.
The TJX Companies, parent company of TJ Maxx, announced the acquisition of Trade Secret, an off-price retailer that operates 35 stores in Australia. The purchase, worth $80 million in Australian dollars, gives TJX an opportunity to enter the Australian market, where it currently operates one of its 13 buying offices.
Abercrombie & Fitch will be launching its women's athleisure line later this week. The added offerings will debut on July 29 in stores and online, with prices ranging from $15 to $160.
Amazon announced that its Prime Music streaming service will now be available in the U.K.
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Chipotle is bucking the trend among quick serve restaurant chains and eschewing mobile loyalty programs in favor of developing and leveraging mobile payments.