We’re not buying Pinterest: PayPal quashes acquisition rumors
PayPal has issued a statement squashing rumors that it has been eyeing up a takeover of Pinterest, according to a report published by Reuters.
Ulta announces refreshed strategic framework and long-term financial targets
Ulta has announced longer-term financial targets for fiscal 2022 through 2024 and updated strategic priorities. The US beauty retailer is aiming to achieve total net sales growth of 5 to 7 percent (CAGR), grow its network by 50 stores per year and see operating profit rise 13 to 14 percent.
Sephora speeds up delivery to two-hour window and debuts live help
Sephora has announced the launch of a same-day delivery service. Customers of the LVMH-owned retailer will now be able to receive their beauty products within two hours of ordering.
Saks e-commerce unit planning IPO?
The e-commerce division of Saks Fifth Avenue is preparing to list in the first half of next year, according to a report published by The Wall Street Journal, quoting ‘people familiar with the matter’ as its source.
Shopify launches global ERP program
Shopify has partnered with Microsoft, Oracle NetSuite, Infor, Acumatica and Brightpearl to help high-volume merchants connect ERP systems with commerce capabilities.
Blo Blow Dry to adopt Mindbody software across 130 locations
Mindbody and Blo Blow dry Bar have executed a global agreement, which will see the experience technology platform used throughout the world’s largest blow dry bar franchise’s 130 locations worldwide.
NTWRK raises US$50 million
North American livestream shopping platform, NTWRK has raised US$50 million in a funding round led by Goldman Sachs and Kering. Tenere Capital and LionTree Partners also participated.
Coty expands beauty tech offering in new Perfect Corp partnership
Coty has announced a multi-channel agreement with beauty tech solutions provider Perfect Corp.
Coresight Research confirms 10.10 livestream event is back for 2021
Coresight Research has confirmed that it will run its livestream shopping festival once again this year in a bid to convert US shoppers to the new retail medium, according to a report published by WWD.
Cindy Davis steps down from Chief Brand Officer role at Bed, Bath & Beyond
Bed, Bath & Beyond has announced that Cindy Davis has stepped down from her role as Executive Vice President, Chief Brand Officer and President of Decorist, effective immediately. Davis joined the company from L Brands in May, 2020.
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