Daniela Forte
MultichannelMerchant
Norwalk, CT, United States
Contact Daniela
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Past articles by Daniela:
Destination Maternity Closes 183 Stores and Files for Chapter 11 Bankruptcy
Destination Maternity announced it is closing more than a third of its stores and filing for Chapter 11 bankruptcy, adding to a long line of struggling retailers. → Read More
Struggling Hudson’s Bay Co. Going Private
Hudson’s Bay Co., parent of Saks Fifth Avenue, is being taken private in a share buyback plan, paying a 65% premium over the original offer in June, according to various media reports, in a deal that regulators and shareholders need to formally approve later this year. → Read More
Consumers Expected to Favor Cyber Monday Over Black Friday
Consumers of all ages are more likely to shop on Cyber Monday than Black Friday, according to a Deloitte survey, spending 59% of their holiday budget online, compared with just 36% in store as ecommerce takes a bigger bite. → Read More
Nike, Under Armour CEOs Step Down Amid Wave of Top Departures
The CEOs of both Under Armour and Nike are stepping down from their respective roles, amid an unprecedented wave of top departures, including in retail and ecommerce. → Read More
Report: Amazon Delivering Expired Food to Customers
While Amazon is the go-to marketplace for an increasing number of consumers today, it is reportedly delivering unsafe food products past their expiration date, according to CNBC, on top of continuing allegations about the sale of counterfeit goods on the leading marketplace. → Read More
Walmart Takes on Amazon with New Pricing Program
Walmart is launching a program called “Competitive Price Adjustment” that will temporarily lower the prices consumers pay for some items on its marketplace. → Read More
Kibo Acquires Monetate
Ecommerce technology company Kibo plans to acquire brand personalization and content optimization platform, Monetate. The terms of the agreement were not disclosed. → Read More
Not a Good Week for Walmart
It has not been a good week for Walmart or Marc Lore, the CEO and president of its U.S. ecommerce division, who came over three years ago in the massive $3.3 billion Jet.com acquisition and immediately faced outsized expectations. → Read More
Target Partners with Toys R Us to Power Its Ecommerce Site
Target announced it is joining forces with Tru Kids, the parent company of the Toys R Us brand, to help Toys R Us power its ecommerce site. → Read More
NRF: 2019 Holiday Sales Expected to Grow 3.8%-4.2%
The National Retail Federation is predicting holiday retail sales between November and December could increase from 3.8% to 4.2%, for a total of $727.9 billion-$730.7 billion, from $701.2 billion in 2018. → Read More
Amazon Plans to Open U.S. Chain of Grocery Stores
Amazon plans to open a chain of grocery stores in the U.S. beginning with locations in Los Angeles, Chicago and Philadelphia. → Read More
Rent the Runway Temporarily Stops Taking New Customer Orders Due to Logistics Issues
Rent the Runway came into a supply chain and inventory snafu and announced it won’t be adding any new subscribers or event rental customers until at least October 15. → Read More
Holiday Retail Sales Predicted to Top $1.1 Trillion, Deloitte Says
Overall holiday retail sales are expected to increase between 4.5% to 5% this holiday season, according to Deloitte’s annual forecast, passing $1.1 trillion in sales from November through January. Deloitte predicts ecommerce sales will increase 14%-18% during this period to between $144 and $149 billion. → Read More
Merchants Have Fallen Behind in Payment Innovation, Study Reveals
Merchant companies have fallen behind the retail banking and fintech industries in terms of payments innovation. → Read More
Bump Boxes Leverages AI for Its Marketing Campaigns
Bump Boxes, an ecommerce subscription box brand for pregnant women, has seen huge success with its AI-enhanced marketing campaigns, launching Facebook and Instagram campaigns in minutes, decreasing ad spend by 50% and increasing purchases by 25% in two weeks. → Read More
Apparel Brand Madewell Looking to Depart J.Crew With an IPO
Youth-focused apparel brand Madewell is planning to split off from struggling parent company J.Crew and break out on its own by going public as the Madewell Group. → Read More
Consumers Want More Personalized Emails, But Retailers Aren’t Delivering
Several major retailers nearly doubled their volume of emails sent to customers and prospects in August. While personalized emails are increasing, retailers have yet to meet customer expectations. → Read More
High-End Candy Maker Sugarfina Files for Chapter 11 Bankruptcy
Delicious champagne-flavored gummy bears couldn’t save Sugarfina from filing for Chapter 11 bankruptcy protection. As sweet as it is, the company fell victim to the decidedly more sour challenges of the current retail climate as it expanded from online to malls. → Read More
Amazon Again Tops Brand Loyalty List
Amazon once again hit the number-one spot in terms of brand loyalty as it did in 2018, according to Brand Key’s annual Loyalty Leaders survey, beating out major players like Google, Samsung and Apple atop the list. → Read More
Package Lockers See Strong Adoption in Europe and Asia
Automated package lockers have seen greater adoption in other countries, having solved space and retail delivery issues for several years. → Read More