1. Harry’s strikes partnership with Boots
Digital direct-to-consumer (DTC) razor brand Harry’s is moving into the offline retail space, striking a deal with Boots that will see its products sold in 300 UK stores. The move marks the first major high-street play from the business, which until now had only been available to customers who ordered online.
2. Macy’s lives up to its ‘Story’ promise
Macy’s has added the ‘Story’ concept shops to 36 stores, including its Herald Square flagship, a year after its acquisition of concept store Story. This first iteration of Story at Macy’s is called Color, and will be live from April 10 to June 26. It features about 400 items, many from small companies, for men, women, kids and the home. The lineup ranges from the national in-store debut of online kidswear brand Primary to gourmet chocolate bars in unique flavors from LA-based chocolatiers Compartes.
3. Amazon Go stores to start accepting cash!
Amazon Go convenience stores will begin to accept cash, according to a report this morning from CNBC. The retailer didn’t say when cash would be added to existing stores as a payment option, however, only that it was planned. The announcement comes at a time when legislation banning cashless stores are being enacted in the US.
4. Levi’s clocks first post-IPO profit
Levi’s reportedly expanded both its top and bottom lines in the quarter, despite being faced with the tough comparison to a strong quarter a year ago, when it was still a private company. In its first report since becoming a publicly traded company, Levi’s said that first-quarter net revenue rose 6.8%. In the Americas, its largest trading region, net revenue rose 9%, while its D2C revenues – both online and offline combined – rose 10%. Wholesale revenue grew 5%, “reflecting growth in all regions,” according to a company press release.
5. Deliveroo hops on the subscription bandwagon
Deliveroo has announced this week the launch of its new subscription service Deliveroo Plus, offering unlimited free delivery to customers, for $18.99 per month. Last year Deliveroo launched Editions and Marketplace+, with this latest offering following in the footsteps of loyalty programs across all sectors, from Netflix to Amazon Prime. Deliveroo told Private Retail that within a few days of its soft launch of Plus, more than 20,000 have signed up to the subscription service.