The electronics retailer is also closing stores and reducing sales space as it preps for long-term digital shifts.
Etsy walloped expectations this week, reporting Thursday that fourth quarter gross merchandise sales rose nearly 118% year over year to $3.6 billion as revenue rose 129% to $617 million. With masks ...
The electronics retailer is also closing stores and reducing sales space as it preps for long-term digital shifts.
Sixty of the stores will be freestanding Sephora locations, as part of a "2020 strategy shift due to the impact of the pandemic." ...
The trade group estimates that the figure could top $4.3 trillion as consumers return to stores and the economy bounces back.
With fewer customers shopping in-store, the retailer is leaning into social media experiences and its lingerie brand.
The department store retailer won speedy approval of a restructuring plan that allowed it to drop $450 million in debt.
The recent announcement is the latest shop-in-shop partnership the retailer has made following similar deals with Ulta and Disney.
But the longevity of its success, largely built on pandemic-induced spending trends, remains a question as consumers eventually venture outside the home.
L Brands' Bath & Body Works will also continue to shift away from enclosed malls, where stores have lower conversion rates than at off-mall locations.
The DTC hair color brand saw 130% growth in 2020, and opened 16 of its Color Bars, as part of a plan to expand to 600.
The partnership comes as more consumers look to purchase goods online, and as many continue to reel from the financial impact of the pandemic.