Staples has turned down a buyout offer from Cerberus Capital Management, saying the bid that valued the company at more than $5.8 billion was too low, sources said. Sycamore Partners is reportedly still considering a bid to buy the office supply retailer.
Target has invested $75 million in Casper Sleep, after pondering and rejecting a plan to acquire 100% of the online mattress retailer, sources said. Target confirmed that it has invested in Casper, but declined to state the amount of its investment.
Bergdorf Goodman will feature emerging Italian designers over the next two years, in partnership with the Italian Trade Commission. The luxury department store introduced US consumers to Fendi and Brunello Cucinelli, and the goal of the new program is to nurture small new brands, executive Melissa Lowenkron said.
Pottery Barn has seen sales slip as millennials seek out furniture that works better in urban apartments and other small living spaces. Earlier this year, the Williams-Sonoma-owned chain unveiled plans for scaled-down pieces designed for smaller spaces.
Fashion brand Alice + Olivia is focused on an array of digital experiments focused on improving personalization, merchandising and mobile design, said Marianna Satanas, vice president of e-commerce. "Personalization can be a pain, but if you keep it really simple and relevant to your customers, it can be much easier to implement than you think," she said.
UK discounter B&M Retail plans to grow from 537 to 950 stores -- 100 more than it originally planned -- after seeing revenue grow in the second half of last year, said Chairman Sir Terry Leahy. The retailer booked 3.1% same-store sales growth and opened 53 new locations in the year ended March 25.
Lingerie company Zivame and Italian fashion brand Benetton have both applied to operate foreign-owned single-brand retail and e-commerce operations in India. Both companies already have wholesale operations in the country, and a policy change in 2015 allows them to apply to expand into a single-brand retailer.
Simple changes may have a big impact on your conversion rate, so Armando Roggio discusses several ways to get the best results from product images. It's important to ensure each picture is high quality, test different image sizes and show your products from a variety of different angles.
Ulta Beauty CEO Mary Dillon's first gig stocking shelves at Osco as a teen taught her to see the store through the eyes of the consumer and always listen to the employees who interact with shoppers each day. She and two other top executives share lessons they learned from their first jobs.
Sustainability hasn't been a key priority for luxury brands when it comes to their fragrance lines, but there are signs that may be shifting. For example, high-end jeweler Chopard is launching a line of sustainable fragrances.
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