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Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

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In a presentation last month, CEO Anne Bramman said she expects digital sales to grow about 26 percent in 2017, up to 40 percent by 2022. Chief Digital Officer and Nordstrom.com President Kenneth Worzel said the company is now a top 10 eCommerce retailer in the U.S.,

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Walmart Finds Buyer For ModCloth

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ModCloth offers exclusive indie and vintage-inspired women’s clothing, shoes, handbags and accessories for 18- to 35-year-old women, while Go Global Retail is a brand investment platform for strategic investors in the consumer sector. Walmart acquired the assets and operations of ModCloth in March 2017 for an undisclosed amount.

Retail 129
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Walmart’s Bonobos Cuts Staffers To Buoy Sagging Online Sales

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These decisions are not taken lightly, but we believe they are necessary to set the brand and business up for long term success,” a spokeswoman said. Walmart bought Bonobos for $310 million in 2017. In 2017, the retail giant bought ModCloth and Moosejaw, and outdoor retail company.

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JD.com, Farfetch To Offer Luxury Shopping Experience In China

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Also, Farfetch will get a “Level 1” entry point on the JD app, giving the 300 million JD customers access to upwards of 1,000 luxury brands and boutiques. We are delighted to build on our relationship with JD.com, and bring to market an unrivaled solution for luxury brands to succeed in the Chinese market.

Branding 123
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QSRs Battle For US Sales With Online Delivery And Payments

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Taco Bell is living más as it pulls ahead of Burger King as the fourth-largest quick-service restaurant (QSR) brand with new delivery options and, yes, nacho fries. percent in 2017, Taco Bell has been drawing in customers with new food items, a Live Más marketing campaign and new nacho fries for $1. . But McDonald ’s Corp.

Online 101
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Startup Spotlight: GPShopper And The Overdue Evolution Of Luxury Retail

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Today, it’s also about telling a story and building an experience that makes customers want to shop with the brand again. Yet luxury brands have been slower than most other retailers to embrace digital innovation – for storytelling or for anything else. If they’re not there, they’re losing out to other brands who are.

Retail 129
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Floating The Next Big Idea For Social Commerce

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For example, say you’re in the market for a new car. Rizvi got the idea for FloatThat in 2017, when a close friend and his wife had a strong desire to visit Hawaii , but their financial situation kept them doing so. Rizvi has retained a marketing company to focus on brand awareness and customer acquisition. “We

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