Multichannel Retail
Top stories summarized by our editors
12/10/2018

Macy's will close down its online shop on Alibaba Group's Tmall on Dec. 31 and sell to consumers in China directly from its US site, the retailer said. "We decided to wind down our Chinese e-commerce only business and add more functionality to our flagship Macys.com site, which will now be able to service customers in China," spokeswoman Emily Goldberg said.

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Macy, Alibaba Group, Tmall
12/10/2018

Gift cards have topped the most popular holiday gift list for a dozen years, according to NRF, and retailers are finding ways to make their cards stand out with sparkly new designs. Best Buy is eschewing plastic for paper that can be recycled, and Target has redesigned its gift card displays for the holidays.

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NRF, Best Buy, Target
12/10/2018

Amazon is considering a London site for its first cashier-less Amazon Go store outside the US, sources said. The e-commerce company expects to open about 3,000 Amazon Go stores by 2021, according to Bloomberg.

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Amazon, Bloomberg
12/10/2018

Yoox has added a tool called YooxMirror to its mobile app to let users create and customize avatars to see how they would look in different styles. The app will also offer personalized recommendations.

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Glossy
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Yoox
12/10/2018

Amazon's planned Northern Virginia headquarters will spur the creation of 62,000 new jobs and $15 billion in economic activity by 2030, according to a report from the Virginia Chamber Foundation. The report includes jobs and revenue directly generated by Amazon, as well as new businesses created to cater to Amazon's employees.

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Amazon
12/10/2018

Online fashion retail platform Farfetch has launched a visual search feature called See It, Snap It, Shop It. The feature lets users upload photos to search in the app, to find either the exact item or the closest match.

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Glossy
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Farfetch
12/10/2018

E-commerce companies are turning to unorthodox solutions to get goods to consumers for the holidays. Their methods include Amazon's use of large tents pitched on vacant land for delivery operations and JLL's conversion of a 3.8 million-square-foot parking garage under Chicago's Millennium Park into a last-mile logistics facility.

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Millennium Park, Amazon, JLL
12/10/2018

Joules Group is bringing its spring-summer fashion line to the UK early and opening an EU distribution centre to minimize potential complications in the event of an exit from the EU without a deal in place. The UK-based retailer also booked a 17.6% rise in revenue in the 26-week period ended Nov. 25, fueled by growth in international sales.

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Reuters
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EU
12/10/2018

Europe's wholesale outdoor market grew 7.2% in value last year, according to the European Outdoor Group. All product categories, except for tents, showed growth.

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Forbes
12/10/2018

Walmart plans to expand the technological expertise developed at Flipkart to its global retail operations after it spends about a year integrating the Indian e-commerce company into its operations, according to Walmart's Jeremy King. Flipkart has developed apps that are able to reach consumers in small towns with spotty internet service.

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Walmart, Walmart, Flipkart, Jeremy King