Multichannel Retail
Top stories summarized by our editors
10/19/2018

Amazon will create more than 1,000 research and development jobs in the UK, including 600 at a new office in Manchester. The e-commerce leader will also create new positions at existing offices in Cambridge and in Edinburgh, Scotland.

Full Story:
CNBC
More Summaries:
Amazon
10/19/2018

Sears won't print its Wish Book holiday catalog this year, but will launch an online version of the book early next month. The retailer, which filed for Chapter 11 bankruptcy protection this week, revived the print catalog last year for members of its loyalty program.

More Summaries:
Sears
10/19/2018

Walmart will build a high-tech grocery warehouse in California that will move products 40% faster than its existing facilities, the company said. The warehouse, set to open in 2020, will use robotics and automation technology to improve both speed and efficiency.

More Summaries:
Walmart
10/19/2018

Amazon has made return visits in recent months to several of the cities in the top 20 list of prospective locations for the Seattle-based company's second headquarters. Amazon has reportedly followed up with officials in Miami, Chicago, New York City, Newark, N.J., and the Washington, D.C., area, as the year-end deadline to select a city approaches.

10/19/2018

Online fashion retailer ASOS has launched a campaign called Collusion that features styles developed in partnership with influencers for Gen Z fans of non-gendered fashions. The line ranked fourth among the site's 850 different labels when it launched earlier this month, CEO Nick Beighton said.

More Summaries:
Asos, Nick Beighton
10/19/2018

Nine West Holdings' plan to emerge from bankruptcy reorganization includes a $105 million settlement with unsecured creditors. The deal could face opposition from the creditors' group, which plans to file a $1 billion lawsuit against Sycamore Partners and others involved in the 2014 leveraged buyout of the retailer, sources said.

More Summaries:
West Holdings, Sycamore Partners
10/19/2018

Freed's Furniture will shutter its two remaining stores and close the family-owned Texas retail business after 80 years. The furniture retail scene in Dallas has been evolving, with national chains such as Ethan Allen and Haverty's closing stores and others expanding, including Room & Board and Williams-Sonoma.

More Summaries:
Ethan Allen, Room & Board
10/19/2018

JD.com will create a US online store on the shopping platforms of Google, which invested $550 million in the Chinese e-commerce company this year. JD.com sells its goods in the US through Walmart, which is a key investor.

More Summaries:
Google, Walmart
10/19/2018

Amazon is reportedly looking to acquire a stake of up to 8% in India's Future Retail. The move comes after Amazon purchased India-based retailer More last month.

Full Story:
Reuters
More Summaries:
Amazon, Future Retail
10/19/2018

The new class of US retail entrepreneurs looks and thinks a little differently than those before them. Using new data from NRF's 2018 Small Business Owners Survey, NRF Research Director Sam Berndt outlines four ways new retail business owners differ from their more-established peers. Read more.

Full Story:
nrf.com
More Summaries:
NRF, NRF, Sam Berndt