Amazon has considered acquiring some soon-to-be-empty Toys R Us stores to expand its own brick-and-mortar retail concepts, sources said. The company's physical retail operations include bookstores, a convenience store concept and the 450 Whole Foods Market locations it acquired last year.
FedEx will open office locations in 500 Walmart stores nationwide by 2020 following a 47-store test that spanned six states, the company said Tuesday. Customers will be able to pack and ship parcels from the Walmart locations, as well as have packages sent to the locations for holding for up to five business days.
Toys R Us has heard from several potential buyers for the chain's Canadian operations, and an auction for its 82 stores there has been set for March 29, according to documents filed in US Bankruptcy Court. If there's a winning buyer, the deal would close by April 16.
Amazon has opened six new fulfillment centers in India and created 25 delivery stations to handle furniture and large appliances, the company said. The expansion gives Amazon India 15 full-line fulfillment centers and the ability to serve customers in more than 400 cities.
Falling mall traffic forced Claire's decision to file for bankruptcy protection, the retailer said in its Monday bankruptcy filing. Nearly all major US malls have a Claire's store, and the lion's share of the teen accessories retailer's 7,500 stores are in malls.
James Rhee was inspired by the passion of Ashley Stewart's employees when he took over the sinking plus-size retailer five years ago. In an episode of "Retail Gets Real," Rhee shares how he balanced business principles and people as he set about rebuilding a brand that wins customers with friendship and respect.
Nordstrom will open the first of six planned off-price Rack stores in Canada this week at the Vaughan Mills outlet mall in Toronto. Most of the goods sold at Rack stores are overstocks from suppliers and full-line Nordstrom stores, and some of the merchandise is made exclusively for Rack.
Instagram has launched shoppable posts in the UK and seven other countries, after launching the feature in the US last year. Retailer Marks & Spencer and designer Heidi Klein will be among the first in the UK to create posts with tags for products that followers will be able to click through to buy.
Alibaba Group has invested an additional $2 billion in Southeast Asian e-commerce company Lazada, bringing its total investment to $4 billion. China-based Alibaba has taken an increasing role in running the growing company since it acquired a 51% stake in 2016.
Turkey-based online Islamic fashion retailer Sefamerve.com is talking with investment groups in Asia, the Middle East and the US in an effort to sell a majority stake in the company. The company said it has about 5 million registered users and booked $100 million in 2017 sales.
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