Walmart has teamed with Ellen DeGeneres to launch a women's clothing line dubbed EV1, with 60 pieces set to roll out at Walmart stores and online next month. The collection of denim, sneakers, graphic T-shirts and purses debuts as Walmart gears up to compete with Amazon and Target on private-label apparel.
People with foreign currency to spend are splurging on luxury goods in Turkey, where its currency's recent deep dive has made designer brands including Chanel and Louis Vuitton much more affordable.
Dover Street Market just opened its sixth multibrand fashion boutique in an industrial part of Los Angeles, a continuation of the retailer's trend-bucking strategy. Launched by the heads of fashion house Comme des Garcons in London 14 years ago, the concept melds streetwear and high fashion in a manner one of the founders dubbed "beautiful chaos."
Michael Kors released the Access Runway Smartwatch this week, an upgraded version of its original Access Smartwatch with new features including untethered GPS, heart-rate tracking and payment capabilities. The watch is supported by Google in most places, but the brand has also teamed with China's Mobvoi and other local providers to increase sales in the Chinese market.
HSN is tweaking its merchandise mix, eliminating some higher-priced gadgets and home appliances and adding niche fashion and beauty brands to compete with Amazon and other online players. HSN has been owned by QVC parent Qurate Retail Group since last year, and both retailers are courting younger consumers with social media click-to-buy links and other digital tactics.
Flipkart launched its Supermart online grocery services in Bengaluru earlier this year and reportedly has plans to invest $264 million to expand into new cities over the next few years. The Indian e-commerce company will face rivals Amazon, Big Basket and Grofers in an increasingly competitive sector.
Boon Supply makes it easy to do good in the world. The e-commerce platform for everyday home essentials and decor donates 50% of every purchase to more than 500 causes and works with schools to contribute $12.5 million annually to education programmes. CEO and serial entrepreneur Lily Kanter joins NRF's Retail Gets Real podcast to discuss the "shop-for-good" movement. Listen.
With returns setting back the US retail industry $351 billion each year, companies can minimize that cost by clearly explaining returns policies to consumers and defining all exceptions, such as final-sale items, writes Chargebacks911's David DeCorte. Retailers can also encourage sales by offering financial incentives for customers who accept store credit when making returns.
EBay India is no longer operating, with local owner Flipkart preparing a platform where consumers can buy and sell refurbished goods. EBay India customers will be able to file for refunds until Aug. 30, and product warranties will remain in effect.
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