Walmart to connect with online shoppers via social channels
Walmart Connect has announced a series of Innovation Partners, namely TikTok, Snap Inc, Firework, TalkShopLive and Roku, in a bid to help advertisers to reach shoppers on leading platforms where they are increasingly spending their time as the media funnel collapses.
JCPenney announces JCPenney Beauty U.S. nationwide rollout
JCPenney has announced a U.S. nationwide rollout of JCPenney Beauty in its stores, which follows the initial introduction of the retailer-owned beauty experience in fall 2021 and its recent online expansion.
Oak Street in talks to acquire Kohl’s real estate for US$2 billion
Oak Street Real Estate and Kohl’s are said to be in talks with a view to the former buying the latter’s property portfolio for up to US$2 billion, according to a report published by Reuters quoting sources ‘familiar with the matter’. The US retailer would then lease back its stores.
Ulta Beauty Q2 2022: outlook raised as net sales jump 16.8 percent
Ulta Beauty has announced its results for the second quarter of the current financial year. The US retailer saw net sales rise 16.8 percent to US$2.3 billion in the three months to July 30, 2022 versus the equivalent period last year.
Elizabeth Arden to launch in all Ulta stores
Revlon-owned Elizabeth Arden is set to expand its distribution via Ulta Beauty stores, according to a press release issued by the brand.
Sephora settles for US$1.2 million in Californian privacy case
LVMH-owned Sephora has agreed to pay out US$1.2 million and agree to an injunction to settle a lawsuit that charges the beauty retailer with selling customers’ data without their consent, according to a report published by NBC News.
Macy’s Q2 2022 results exceed expectations; lowers future outlook due to ‘weakening macroenvironment’
Macy’s has exceeded analyst expectations for Q2 2022, with comparable sales down 1.5 percent on an owned basis and down 1.6 percent on an owned-plus-licensed basis.
Kohl’s and Sephora announce planned expansion of partnership; Sephora entering into all Kohl’s stores
Kohl’s and Sephora have expanded their year-old partnership, with Sephora expanding into all Kohl’s stores.
Target Q2 2022: Earnings fall despite increased sale as inventory reduced
Target has announced its results for the second quarter of fiscal 2022. The US retailer said that despite continued sales and traffic growth, profit was under pressure, driven by the company’s inventory reduction efforts.
JC Penney names new CFO
JC Penney has named Stephanie Plaines as its Chief Financial Officer, effective immediately. Plaines will lead all the US department store’s financial activities.
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