Retail Roundup—Overstock looks to blockchain; H&M to sell on Tmall

Fashion Illustration
H&M has announced it will close stores after its first sales dip in 10 years.

Overstock.com to focus on blockchain

Overstock.com's CEO Patrick Byrne says that the marketplace is looking into options for its e-commerce business and he hopes to have a deal within 60 to 90 days. One option includes taking Overstock private as Byrne aims to focus the company on blockchain technology. (CNBC)

H&M to sell on China's Tmall

H&M announced it will shutter stores after an unexpected dip in sales in the latest quarter. Following the biggest sales drop in 20 years, the fast fashion retailer will work some new e-commerce connections, including selling items on China's Tmall. (The Telegraph)

Hershey unveils immersion experience in Times Square

Hershey has unveiled a multisensory consumer experience in New York City. The new store includes made-to-order s'mores, warm baked goods and a 91-foot digital billboard that stands 10 stories above Times Square. (GlobeNewswire)

Rockport considers sale

The Rockport Group is reviewing options including a possible sale due to recent brick-and-mortar struggles. One of the footwear retailer's major debtholders recently took ownership of the company. (Reuters)