There is a growing number of grocery delivery services and initiatives by retailers, in spite of the fact that only 1 percent of all food and beverage sales are made online. Brick and mortar may rule when it comes to grocery shopping, but that's changing and changing fast.
This is not a grocery delivery service. Nor is it a tech company selling non-perishable foods. Launched just 10 months ago, Boxed is innovating warehouse shopping by eliminating the need for consumers to haul large quantities from the check-out, to their car, and then their homes.
Retailers are looking for ways to monetize social networking and Soldsie, the world's first social shopping service, has been helping retailers do just that on Facebook and Instagram since 2012.
I spent this Labor Day like many Americans: shopping for a new mattress. Long holiday weekends offer lots of time for home improvement projects, and the extra day off means that couples or families can shop for things that require consensus. Hence, the Labor Day mattress sale was born, leading me to what has quickly become the new path to purchase.
Fashion and apparel concept stores are popping up everywhere, and many of the designer names behind them are pretty big—Jimmy Choo, Coach, Urban Outfitters. We're talking the kind of brands that get customer attention internationally just by the name alone. But these retailers are still pushing the envelope by reinventing the look and feel of their brick-and-mortar outlets to create a memorable experience for shoppers, so that their brand names will continue to matter.
Eddy Lampert, Sears' chief executive, is loaning Sears Holdings $400 million from his hedge fund.
The secured short-term loan will be funded using Lampert's real estate as collateral, reported the Chicago Tribune. Half of the loan was filed on Monday with the Securities and Exchange Commission and the other half will be filed at the end of the month.
The regulatory filing stated that the loan is from entities affiliated with Lampert's ESL Investments, reported the Associated Press. The loan will be due at the end of this year, though the maturity date can be extended to Feb. 28 as long as there is no default.
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Family Dollar announced that its board has unanimously rejected Dollar General's latest bid. The board has reaffirmed its recommendation of sticking to a previous agreement with Dollar Tree for $8.5 billion.
Dsquared2 has opened its first U.S. store on Rodeo Drive in Beverly Hills, California. The American rollout will precede store openings in New York and Miami by the end of the year.
PoachIt has received an additional $1.8 million in funding as the mobile coupon provider endeavors to captivate buyers abandoning online shopping carts in search of deals they never find. PoachIt's funding now sits at $2.8 million.
Jewelry and accessories retailer Claire's has entered into a partnership with Toys R Us to bring the young women's fashions to select toy stores around the world. Following a successful pilot test in Europe, Claire's shops within Toys R Us stores will expand to about 100 locations across the continent, including cities in the U.K., France, Germany, Austria and Spain, and 12 stores in the United States by the end of 2014.
Sears is gearing toward mobile by making returns and exchanges part of its in-vehicle pickup service. The new service, powered by the Shop Your Way mobile app, lets loyalty members pick up, return or exchange purchases for free in five minutes or less from their cars.
Strongbark has launched the first private social shopping network, a platform where shoppers share deals and discounts directly with their closest friends. With more than 6,500 retailers and 80,000-plus offers available daily, Strongbark users can shop using keywords or categories to find any product or service.
From Our Sister Sites
Questex, FierceCMO's parent company, has announced that it has been acquired by private equity firm Shamrock Capital Advisors.
Dentsu Aegis has announced that it will acquire search marketing agency Covario. Financial terms of the deal were not disclosed.