Retail Roundup—Overstock unveils private labels; Jet.com selling Apple products

Apple sold 52.2m smartphones in the March quarter (Image Nikada / iStockPhoto)
Jet.com will now sell Apple products. (Nikada/iStockPhoto)

Overstock unveils private-label furniture

Overstock.com has unveiled 17 private-label furniture brands to their shopping site. Featuring more than 16,000 furniture and home decor items, these brands allow consumers to mix and match across styles and prices. (Globe Newswire)

Starbucks to have 6,000 stores in China by 2021

Starbucks is planning to triple its revenue in China over a period of five years, with the hopes of 6,000 stores on the mainland by 2021. Starbucks hopes that sales in China will help lagging U.S. sales, as there is very little competition in the foreign country. (The Star)

Tariffs would affect back-to-school, holidays

The National Retail Federation, during a hearing for the Office of the U.S. Trade Representative, said that tariffs on Chinese goods will affect consumer spending on back-to-school and the 2018 holidays. David French, NRF's senior VP for government relations, said retailers could not change suppliers or find alternate sources so quickly. (Progressive Grocer)

Jet.com now selling Apple products

Jet.com hopes to lift sales to millennials by selling Apple products such as computers, iPads and iPhones. Marc Lore, Walmart's CEO of U.S. e-commerce, said that Jet.com is attempting to curate its site to differentiate from the recently revamped Walmart.com. (MarketWatch)

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