Deal-loving consumers turn out for Prime Day
CHICAGO — Prime Day, Amazon’s much-touted two-day mid-summer sale, drew customers waiting for a deal, according to market research company Numerator’s preliminary tracking. More than half (53%) of...
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Overstock hosts grand reopening. Here’s what’s new
MIDVALE, Utah — Beyond Inc. announced the grand reopening of its Overstock brand on July 18. The revived Overstock.com, with a new look and feel, now has an inventory lineup that includes closeouts,...
View ArticleAfter Prime Day, Wayfair weighs in with its own summer sale
BOSTON — Wayfair is countering Amazon’s two-day Prime Day event with its own four-day Black Friday in July sale. The event, which launches at midnight Eastern time July 26 and runs through July 29,...
View ArticleSimpli Home steps up sustainability efforts with new packaging
TORONTO – D2C e-commerce furniture retailer Simpli Home is expanding its sustainability initiatives by adding eco-friendly packaging to all products, a move the company says aims to step up...
View ArticleFTC probes AI-powered pricing tool used in e-commerce
HIGH POINT — The FTC has launched an investigation into a practice used by some e-commerce retailers known as surveillance pricing. The commission is seeking information on how this form of dynamic...
View ArticleNew Moroccan-made rugs available from Design Within Reach
STAMFORD, Conn. – Design Within Reach has partnered with Beni, the global rug brand made in Morocco for four exclusive designs in a low-pile rug style: a shorter knotted weave called Brick, Borderline,...
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Looking for a way to build online, in-store traffic: BIA dealers have a new...
LAS VEGAS – Bedding Industries of America is heading to the Las Vegas Market this weekend with a new suite of complimentary digital consulting services to help its retail partners enhance their online...
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Beyond Inc. Q2 revenue takes a dip while net income improves
MIDVALE, Utah — While Beyond Inc. was able to increase its orders delivered and active customers in the second quarter ended June 30, its net revenue dipped by nearly 6% although its net loss declined...
View ArticleTakeaways from Beyond’s Q2 call: Lightness, liquidation and a loyalty program
MIDVALE, Utah — While Beyond Inc. won’t be opening up stores for its Bed, Bath & Beyond, Overstock and Zulily brands, there are still many options on the table as the company looks to bring itself...
View ArticleWayfair raises specter of ‘great financial crisis’ for soft customer spending...
BOSTON — Cautious customer spending was reflected in Wayfair’s second quarter earnings, with total net revenue down 1.7% to $3.1 billion and U.S. net revenue off by 2% to $2.7 billion. The primarily...
View ArticleWayfair’s luxury platform in line for its own store
BOSTON — With the opening of its flagship store in suburban Chicago a few months ago, online home furnishings retailer Wayfair brought its physical store count to nine, and that number is going to keep...
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Color-coordinated rugs roll out, courtesy of Pantone and Ruggable
LOS ANGELES – Direct-to-consumer washable rug brand Ruggable has partnered with color company Pantone for its second collection of rugs. As a follow-up to the success of the brand’s first iteration...
View ArticleOnline store sales make modest gain for Amazon in Q2
SEATTLE — Amazon.com Inc. saw net sales rise by 10% in the second quarter, fueled by its Amazon Web Services segment, which grew 19% year-over-year in comparison with a 9% increase for its North...
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Rove Concepts harmonizes on furniture collection with music icon
VANCOUVER, British Columbia — A new furniture line from direct-to-consumer brand Rove Concepts marks the company’s first collaboration with well-known singer, song writer and actor John Legend. The...
View ArticleFormer Olympian collaborates with Wayfair on ‘House to Home’ video series
BOSTON — Wayfair is going for the gold with its latest video series featuring former Olympian Shawn Johnson East. East, who won a gold medal in gymnastics in the 2008 Beijing Olympics on balance beam...
View ArticleHelix Sleep adds Southern California chain as latest retail partner
PHOENIX — Helix Sleep, a direct-to-consumer sleep brand, has entered into a new retail partnership, with Sit n’ Sleep. “We’re thrilled to bring on Sit ‘n Sleep as another valued retail partner,” said...
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Purple says it’s ‘on track to return to profitability’ with Q2 results
LEHI, Utah — Mattress producer Purple Innovation finished its first half of the year with a second quarter earnings report on the right track. For the period ended June 30, the company saw a 2% net...
View Article1stDibs credits strategic initiatives for Q2 revenue growth, gross margin...
NEW YORK — Online luxury marketplace 1stDibs saw its net revenue and gross margin improve in the second quarter, which CEO David Rosenblatt hailed as “a significant turning point for the business.” Net...
View ArticlePier 1 owner adds former Macy’s, Saks exec as CMO
NEW YORK — Omni Retail Enterprises, owner and operator of a portfolio of lifestyle digital storefronts and communities including Pier 1, Stein Mart and Linens n Things, announced that Nancie Samet has...
View ArticleQVC/HSN and Cornerstone muddle through another soft quarter
ENGLEWOOD, Colo. – Qurate Retail pointed to a challenged macro environment as it reported results for the second quarter, ended June 30. At its QxH division – comprising the QVC U.S. and HSN – revenue...
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