Feb. 11 - Markdowns cost retailers $300B | Toys R Us reemerges as Tru Kids
11 days ago
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Toys R Us rises from the dead; HBC closes Lord & Taylor flagship sale; Neiman Marcus' innovation lab dissolves under CEO's new strategy; Walmart unveils online furniture brand MoDRN
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Forward Daily edition
| Feb. 11, 2019
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Deep Dive
In its place is a new standard: inclusive sizing, and retailers that haven't woken up to those changes in apparel risk losing billions in sales.
Richard Barry, former global chief merchandising officer at Toys R Us, will lead the new company, dubbed Tru Kids.
The company completed the sale of its Fifth Avenue building to WeWork Property Investors for a total of $850 million.
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The retailer's iLab concept was given to enterprise architect Scott Emmons in 2012, who exited the role earlier this year.
The move plays into the trend of major retailers expanding home goods offerings and displays the retail giant's growing emphasis on e-commerce.
The store concept is centered around customization, with shoppers allowed to blend their own moisturizers, and is the brand's first standalone location.
The beauty retailer signed a multi-year agreement with Loop Industries to further its use of recycled plastic in packaging.
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Deep Dive
Things Remembered is the latest retailer to file for Chapter 11, bringing the total to seven so far this year.
E-commerce is making inventory management more difficult, according to a report from Coresight Research and inventory analytics firm Celect.
The U.K.-based foundation is looking to reach a broader audience through its first brick-and-mortar location.
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