Retail news: NY law on algorithmic pricing, Big 5 acquisition by Worldwide Golf, Ulta's expansion, Inkey List at Ulta, Baskin-Robbins & Laneige collab, Sanrio x Children's Place, JC Penney collection.
Levi's is changing its distribution strategy, selling Dockers to Authentic Brands for up to $391M, and focusing on brand strength amid an uncertain economic environment. They are also expanding third-party logistics.
Alaska Airlines sees a potential $100M boost (11% rise) using Google's Meridian MMM via Adswerve. Optimizing ad spend towards a mid-funnel strategy improves reservations and ROI. Data-driven marketing.
Adobe forecasts a $23.8B online spending surge during Prime Day 2024, fueled by back-to-school deals. Expect discounts (10-24%) & increased 'buy now, pay later' usage. Target & Walmart offer competing events.
Spiber, a Japanese biotech firm, is pioneering Brewed Protein™, a sustainable alternative to traditional materials. Their innovative protein aims to transform the fashion industry and enhance supply chains using microbial fermentation.
Nike realigns to focus on sports amid revenue decline. Tariffs & competition impact earnings. Restructuring aims for improved performance & market position. Digital sales decline.
A fashion designer recounts her journey: From vintage finds and London inspiration to AI pattern creation and a lasting brand. Focus on innovation, parallel universes and a growing business.
AI revolutionizes customer loyalty programs, enabling personalized rewards and fraud detection. Brands must prioritize data quality and usage cases for measurable value. Data management is also critical.
Kirkland's forms 'Brand Home Collective' with Beyond Inc, Overstock & Bed Bath & Beyond. New executives join, aiming for a multi-brand strategy after Q1 declines. Strategic shifts in retail.
Kat Qiu launches VoyeurVoyeur in East London, a multi-brand store stocking Rick Owens and more. It's a personal curation beyond trends, focusing on community, sensuality and inspiring customers.
Target's Pride support scaled back, facing backlash and impacting business. Brands reassess LGBTQ+ engagement amidst political pressures, diversity, and customer loyalty concerns. $1.4T at stake.
Walgreens faces uncertainty as Sycamore Allies acquires it. Withdrawing guidance, the company focuses on a turnaround plan amid rising debt and a changing pharmacy landscape. CEO Tim Wentworth emphasizes balance.
