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bebe stores Acquires 47 Buddy’s Home Furnishings Franchises for $35 Million

Retail TouchPoints

Specialty licensor of women’s apparel and accessories bebe stores inc. has purchased 47 Buddy’s Home Furnishings rent-to-own franchises from Franchise Group Inc. This is the company’s first foray into the home furnishings vertical. for $35 million.

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Early data suggests apparel, groceries drove December retail sales growth

Inside Retail

Consumers spending on apparel rose by 6.7 per cent, jewellery 2 per cent, and at restaurants by 1.8 Year-on-year sales were down for fuel and convenience at 4.1 per cent and home furnishings at 2.4 Despite inflationary pressures and rising living costs, retail spending increased 1.7 per cent, lodging 4.1

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Laura Ashley to launch soft furnishings range in Australia, NZ

Inside Retail

Carolyn D’Angelo, senior MD at Gordon Brothers Brands and president of Laura Ashley global, described the new partnership as a “perfect fit” to reintroduce the Laura Ashley brand back in Australia through a new collection.

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Parachute Names First Chief Merchandising Officer as it Looks to Grow Assortment

Retail TouchPoints

The multi-category home company was founded as an online-only business in 2014 and has since expanded into brick-and-mortar with 13 storefronts, recently launched in Canada and continues to grow its category assortment, which now includes mattresses, apparel and furniture.

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Sundance Opens First Michigan Location in the Greater Detroit Area

Retail TouchPoints

The 4,120-square-foot store will be the first location in Michigan for the retailer, which sells women’s and men’s apparel, jewelry, footwear, accessories, home furnishings and art. The Sundance store at The Village of Rochester Hills is one of three new stores the retailer is opening across the country this year.

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Beyond Acquires Zulily, Plans to Revive Brand in Q2

Retail TouchPoints

Executive Chairman Marcus Lemonis said the acquisition is aimed at strengthening Beyond’s position in the off-price market. At the time, the Zulily website was replaced by a one-page letter from VP Ryan Baker commenting on the decision to shutter the business, but now the site displays a “Coming Soon” message. Beyond paid $4.5

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Adobe: Consumers Will Spend More Online in First 10 Months of 2021 than All of 2019

Retail TouchPoints

Online retailers also are enhancing their ability to get the most out of each transaction: Retailers are getting more people to hit ‘buy,’ with conversion now at 4.1% Shoppers are making larger purchases , with average order value up 13% at $169. on desktop (up 1%) and 1.9% on smartphones (up 3.7% ) in the first eight months of 2021.

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