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Mattress Firm Puts IPO on Ice, Citing Market Volatility

Retail TouchPoints

Mattress Firm has withdrawn its plans for an IPO this year, according to documents filed with the SEC. After going private in 2016, the chain hit a few bumps in the road, including an accounting scandal that saw the resignation of the current CEO.

Marketing 269
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MCoBeauty CEO Shelley Sullivan on bringing ‘masstige’ makeup to the US market

Inside Retail

Australian luxe-for-less beauty brand MCoBeauty launched into the US market this week and is now stocked in over 1,800 Kroger Co stores. Inside Retail: How did MCoBeauty approach entering into the US market? IR: Any plans for an MCoBeauty retail store in the US or Australia? SS: Not at this stage. SS: Absolutely.

Marketing 246
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With Acquisition of Complex, NTWRK Plans to Create a ‘Next Gen Content and Shopping Experience’

Retail TouchPoints

Buzzfeed has sold youth culture media company Complex to livestream shopping platform NTWRK , which plans to use the acquisition to build a “next generation content and shopping experience.” Complex has been a beacon of culture and innovation for over two decades,” said Levant in a statement. “My

Shopping 173
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Adelaide plans $250m retail hub on city fringe

Inside Retail

A $250 million development plan is set to transform a 3.6ha Adelaide plot into a modern food and retail-oriented mixed-use centre featuring apartments and a piazza-style market square. The project, dubbed ‘Locale’, will be built on the former site of furniture store Le Cornu which ended operations in 2016.

Planning 130
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Adidas Divests Reebok, Plans to Focus on Flagship Brand

Retail TouchPoints

This will enable the company to focus on strengthening the adidas brand in the global sporting goods market. Adidas initially acquired Reebok in 2006 and implemented the “Muscle Up” turnaround plan in 2016. As a result, it will report Reebok as “discontinued operations” from Q1 2021 onwards.

Planning 182
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Can a smaller-format Whole Foods help Amazon win in the grocery market?

Inside Retail

Last week, Amazon -owned grocery chain Whole Foods announced the launch of a new format store, Whole Foods Market Daily Shop, to make grocery shopping more convenient for urban consumers. Whole Foods Market Daily Shop is not the grocery retailer’s first foray into smaller storefronts. Amazon’s US$13.7

Marketing 130
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What does Apple’s Indian expansion plan mean for the mobile landscape?

Inside Retail

Apple, known for its long game worldwide in terms of products, services, and marketing, finally arrived in India earlier this year. In April, the tech giant launched its first two stores, both of which achieved record-breaking sales during an off-season period when online retail dominates the market.

Planning 130