June 22, 2021
| Today's news and insights for retail leaders
While online marketplaces offer digital natives benefits like reaching new customers, brands may forfeit control over key aspects of the customer experience.
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The retailer has indicated it could take on as much as $1 billion in debt to pay back to L Brands on its way out the door.
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Owner HBC earlier this year similarly split up its full-line operations at Saks Fifth Avenue, and is hanging onto all its Saks-related real estate.
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Over 2,200 consumers shared what would bring them back to physical stores, and every concept but one scored double-digit increases.
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Amazon is destined to sell its own devices and collect new memberships, but competing sales from retailers make it less special.
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The retailer plans to make 100% of its private label products "designed for a circular future" by 2040.
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The company will come out with its first full sustainability report in Q4, according to Chief Operating Officer Liz O'Neill.
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