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 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 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.
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 has partnered with Microsoft, Oracle NetSuite, Infor, Acumatica and Brightpearl to help high-volume merchants connect ERP systems with commerce capabilities.
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.
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 has announced a multi-channel agreement with beauty tech solutions provider Perfect Corp.
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.
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.