Oct. 29 - LVMH, Tiffany agree to lower price | Walmart debuts new test stores

Daily Dive

Oct. 29, 2020 | Today's news and insights for retail leaders

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Note from the editor

On Wednesday, Oct. 21 we ran a story about J.C. Penney's asset-purchase agreement with Simon Property Group, Brookfield Asset Management and a group of lenders that got ahead of where the parties were in the process. Penney filed the agreement on Oct. 20 and formally signed the deal Oct. 28. The story has been updated.

Ben Unglesbee
Senior Reporter, Retail Dive
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Podcast

The Backroom: How retailers are navigating holiday 2020

As the season kick-starts earlier than ever, the industry braces for a fourth quarter plagued by uncertainty.

LVMH to buy Tiffany for $15.8B, shaving $400M off the price

The agreement is otherwise unchanged from their previous one, wipes away the companies' dueling lawsuits and is expected to close early next year.

Walmart launches new test stores to further blend tech and in-store ops

The prototype locations will allow the retailer to quickly experiment with ways to make fulfillment more efficient and move in-store inventory online.

3 ways to use holiday returns to drive customer loyalty

Learn the three magic moments during the returns journey that drive the most loyalty and repurchases. Download now!

'Death of an entity': 10 retailers that liquidated this year

The COVID-19 crisis may have indirectly spared some retailers in bankruptcy. But several were forced to wind down when they couldn't find a savior.

Rue21 taps former shopping channel exec as CEO

Bill Brand, tasked with expanding the apparel retailer's e-commerce and "creating unique brand experiences," replaces interim chief John Fleming.

UPDATED

J.C. Penney signs deal to be taken over by landlords Simon and Brookfield

The parties hope to close the acquisition in time for the holidays.

Levi's shuffles senior leadership to focus on digital strategy

As the COVID-19 pandemic shifts spending online, the brand will focus on DTC and the digitization of its operations.

The Senate's stimulus breakdown is the last thing retailers needed

The lawmakers adjourned this week without agreeing to a new stimulus package, essentially taking billions of holiday spending with them.

One in six emails never reach the inbox

Do you know where your emails are going? We break down the keys to deliverability and help you benchmark your own program's success. Download the report.