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Nordstrom Shutters Oregon Store As It Pushes To Go Private

PYMNTS

Nordstrom is making the rare move to shut down a full-line department store in Salem, Oregon, a decision that will likely cost about 130 workers their jobs. The switch to a private designation for Nordstrom has been underway since 2017, though the brand ran into hurdles in securing sufficient financing to make the deal happen.

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Reinventing The Baby Care Market With Exclusive ‘Premium’ Brands

PYMNTS

Major retailers are pitching premium baby care products at a less-than-premium price tag with the help of exclusive brands: Walmart is offering Hello Bello exclusively at its stores and its website (and that of the brand). It is also reportedly the inaugural brand rolled out under a platform called Launched.LA.,

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Wildfang Is Building Its Brand With Clicks And Bricks

PYMNTS

More and more, digital-first brands are becoming brick-and-mortar-second brands with an intentional presence in the physical retail world — even if that presence is much smaller than the footprint left by the retailers that fizzled before them. The brand says it intends to keep expanding in the fall, with L.A. next on the list.

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Frugal Consumers Buying More Off-Brand, Off-Price Products

PYMNTS

This newfound cost consciousness is reshaping the retail industry in everything from spurring the rise of fast fashion at the expense of mall “anchor stores,” to the increasing popularity of off-brands or store brands in the supermarket, to the shift in the apparel business, to off-price retail outlets over full-priced department stores.

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1-800-FLOWERS.COM, Michaels To Hire Thousands Of Seasonal Workers

PYMNTS

To handle heightened demand for digital gifting and sharing, 1-800-FLOWERS.COM intends to hire more than 10,000 seasonal workers throughout its upscale food and gifting brands for the 2020 holiday season. Most of the jobs are offered across Oregon, Ohio and Illinois, with select telecommuting positions available. 8) announcement.

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Bitcoin Daily: Argentina's Crypto Exchanges See Record Growth In 2020; JD.com Sees 20,000 Digital Yuan Transactions In 24 Hours

PYMNTS

I’ve been with the exchange pretty much from the beginning, and I’ve never seen this kind of growth," said Chief Brand Officer Juan Mendez , according to CoinDesk. The expansion includes 10 new states: Georgia, Hawaii, Nevada, New Mexico, Ohio, Oregon, Maryland, West Virginia, Delaware and Rhode Island, according to the release.

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Fabletics Announces Brick-and-Mortar Expansion

PYMNTS

Activewear brand Fabletics , which was co-founded by Kate Hudson in 2013, announced plans for a retail expansion across the U.S. The company confirmed that the new locations will bring the brand’s total retail store count to 30 locations throughout the U.S.

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