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.
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.
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.
As companies such as Google and Microsoft release new hardware, they will face an uphill battle in gaining market share from established market leaders such as Apple. However, these devices can be used to feed into a far more important market for big tech companies -- the subscription service market.
Comcast reported that its fastest internet service is now available to almost 58 million homes and businesses in the US, exceeding the reach of all other providers. The high-speed internet segment represents a major part of the company's revenue and profits, which is critical as its video service subscribers decline.
Stockholders in SUPERVALU have voted to approve the announced merger of the company with United Natural Foods in Providence, R.I. The transaction, announced in July, should be completed Oct. 22.
Walmart executive Frank Yiannas will move to the Food and Drug Administration in November to take on the newly created position of deputy commissioner for food policy and response. Yiannas will be in charge of creating the new office of food safety as the agency undergoes a reorganization.
Genuine Parts reported profit of $220.2 million on revenue of $4.72 billion in the third quarter, with both figures up from a year earlier. The company's industrial parts group also increased sales and operating profit from a year ago.
Grainger's growth in single-channel online sales outpaced overall revenue growth in the third quarter, with Zoro.com sales in the US up by 18%.
Leveraging technology to improve the customer experience is the focus of Ingram Micro's digital transformation, says Tom Peck, chief information and digital officer. "What we are ultimately after is a frictionless channel where our customers avoid delays, obstacles, or manual touchpoints that disrupt their experience," Peck says.