America may be on the cusp of an inventory problem. Research from the Wall Street Journal says the compounding excess of apparel and other stock is filling up US warehouses faster than goods are being sold. As supply chains continue to hinder deliveries, companies are stockpiling to avoid the perils of shipping bottlenecks, which has seen...
Aug 4, 2022
US retail giant Walmart has lowered its profit outlook for the second quarter and full year as consumers cut back on spending amid rising inflation. It said the decision was “primarily due to pricing actions aimed to improve inventory levels at Walmart and Sam’s Club in the US and mix of sales”. The company said it expects adjusted earnings per...
Jul 26, 2022
Singer-songwriter Ashley Frangipane, professionally known as Halsey, has revealed they will be releasing a second beauty brand, af94, exclusively through Walmart. Alongside colourful staples, such as products for eyes, lips, cheeks and body, the brand will also feature cosmetic accessories such as custom-designed body stickers. The 67 piece line...
Jul 19, 2022
Beauty tech-company Mayvenn has announced it has closed a 40 million dollar Series C funding round, led by Cleveland Ave and with participation from Goldman Sachs Asset Management’s Growth Equity business. Initially starting out as a community for professional stylists, Mayvenn has continued to expand into both an e-commerce platform and a...
Jul 14, 2022
US retailer Walmart has announced that it has entered into an agreement to acquire augmented reality (AR) optical technology company, Memomi. The AR-centred firm has worked with Walmart and Sam’s Optical since 2019, via both the retailers’ stores and through e-commerce experiences. It comes as Walmart looks to build on its personalised optical...
Jun 30, 2022
Walmart has launched a sportswear collection called Love & Sports in collaboration with Michelle Smith, the designer behind Milly, and Stacey Griffith, of SoulCycle. Working with two experienced leaders from the fashion and sportswear sectors gives Walmart the cache it hopes will make its elevated activewear a commercial hit. The collection...
Apr 29, 2022
The Federal Trade Commission (FTC) has announced it will be taking action against retail giants Kohl’s and Walmart, claiming the duo falsely marketed “dozens of rayon textile products as bamboo”. The commission is calling for both companies to pay penalties of 2.5 million dollars and three million dollars, which the FTC said are the largest...
Apr 12, 2022
Amazon’s share of U.S. sales grew to 56.7 percent in 2021, having doubled its domestic sales in the past five years. New data from PYMTNS show Amazon is America’s digital market leader in online retail sales. Clothing and accessories are key categories for Amazon, with sales surpassing rivals including Walmart, with total domestic market share...
Mar 15, 2022
American retailer Walmart is “deeping” its homeware relationship with Gap with a furniture line and adding a capsule Gap Home collection to select Walmart stores. Gap Home Furniture is described as a “collection of timeless American styles for modern living” and includes sofas, chairs, ottomans, headboards, and beds, alongside rugs, bedding,...
Nov 1, 2021
Walmart and Sam’s Club are launching the Elton John Eyewear collection. The line has already been released at Sam’s Club, and will be available at Walmart later this week. Elton John, whose iconic style goes hand in hand with his music career, collaborated with the retailers on the collection. Featuring names such as Rocketman, A-list and...
American retailer Walmart has launched a new retail hub with streaming service, Netflix, featuring ‘Stranger Things’ and ‘The Witcher’ merchandise. The exclusive hub will be the largest dedicated online shopping destination for Netflix’s merchandise in the US. It is also the streamer’s first-ever digital storefront with a national retailer to...
Oct 11, 2021
Walmart has announced further commitments towards becoming a regenerative company after establishing its goal last year. Its aim in becoming a ‘regenerative company’ means that the company intends to place nature and humanity at the centre of their business. Introducing more promises, Walmart’s statement lists the growing effects of climate...
Oct 7, 2021
This site uses cookies to deliver its services, to personalise ads and to analyse traffic. If you continue browsing the site, you agree to our use of cookies.