Oct. 29 - LVMH, Tiffany agree to lower price | Walmart debuts new test stores

LVMH to buy Tiffany for $15.8B, shaving $400M off the price; Walmart launches new test stores to further blend tech and in-store ops; 'Death of an entity': 10 retailers that liquidated this year; Rue21 taps former shopping channel exec as CEO View online | Signup | Forward

Daily Dive Oct.​ 29,​ 2020 | Today's news and insights for retail leaders   BROUGHT TO YOU BY — Listrak Pinpoint Program Gaps & Drive Revenue Listrak's Retail Revenue Gap Index helps retailers and brands know their marketing programs true potential. Download a copy.   Note from the editor On Wednesday, Oct. 21 we ran a story about J.C. Penney's asset-purchase agreement with Simon Property Group, Brookfield Asset Management and a group of lenders that got ahead of where the parties were in the process. Penney filed the agreement on Oct. 20 and formally signed the deal Oct. 28. The story has been updated. Ben Unglesbee Senior Reporter, Retail Dive Email | Twitter Podcast The Backroom: How retailers are navigating holiday 2020 As the season kick-starts earlier than ever, the industry braces for a fourth quarter plagued by uncertainty. LVMH to buy Tiffany for $15.8B, shaving $400M off the price The agreement is otherwise unchanged from their previous one, wipes away the companies' dueling lawsuits and is expected to close early next year. Walmart launches new test stores to further blend tech and in-store ops The prototype locations will allow the retailer to quickly experiment with ways to make fulfillment more efficient and move in-store inventory online.  Sponsored Content by Optoro 3 ways to use holiday returns to drive customer loyalty Learn the three magic moments during the returns journey that drive the most loyalty and repurchases. Download now! 'Death of an entity': 10 retailers that liquidated this year The COVID-19 crisis may have indirectly spared some retailers in bankruptcy. But several were forced to wind down when they couldn't find a savior. Rue21 taps former shopping channel exec as CEO Bill Brand, tasked with expanding the apparel retailer's e-commerce and "creating unique brand experiences," replaces interim chief John Fleming. UPDATED J.C. Penney signs deal to be taken over by landlords Simon and Brookfield The parties hope to close the acquisition in time for the holidays. Levi's shuffles senior leadership to focus on digital strategy As the COVID-19 pandemic shifts spending online, the brand will focus on DTC and the digitization of its operations.  The Senate's stimulus breakdown is the last thing retailers needed The lawmakers adjourned this week without agreeing to a new stimulus package, essentially taking billions of holiday spending with them. Read more news BROUGHT TO YOU BY — Validity One in six emails never reach the inbox Do you know where your emails are going? We break down the keys to deliverability and help you benchmark your own program's success. Download the report. From Our Library Webinar - on demand 3 Keys to Thriving in the New Era of E-commerce By studioID Webinar - on demand 3PLs Move to a MULTI-Faceted eCommerce Approach By studioID Playbook 5 Strategies to Power Your Omnichannel eCommerce Success By studioID Webinar - on demand What is Driving the Order for Pickup Experience in 2020 By studioID Webinar - on demand Turning Returns & Exchanges into Revenue Opportunities By studioID Webinar - on demand Bringing Seasonal Talent Back: Covid-Safe Approaches to Onboarding in Retail By studioID View all resources What We're Reading The Wall Street Journal Revlon Warns of Possible Bankruptcy Reorganization if Bond Swap Flops Business of Fashion US Businesses Splurge on Insurance to Protect Against Post-Election Chaos MarketWatch Etsy blows past expectations with mask sales and more Modern Retail ‘We actually have brands that make money’: How DTC showrooms are reinventing themselves Glossy The new holiday gift guide: How fashion retailers are updating their approach for 2020 Suggest a story we should read Upcoming Events Keeping Up with COVID-19 Signage to Improve the Customer Experience Nov. 18, 2020 - Nov. 18, 2020 | Webinar 2pm ET How to Deliver a Contactless Holiday Experience Nov. 4, 2020 - Nov. 4, 2020 | Webinar 2pm ET The Upside of 2020: A Quantum Leap for Digital Innovation Nov. 10, 2020 - Nov. 10, 2020 | Webinar 2pm ET What Should Retailers & Brands Consider When Planning for 2021? Nov. 17, 2020 - Nov. 17, 2020 | Webinar 2pm ET Dive Into a Topic Technology Consumer Trends Marketing E-commerce Mobile Commerce Payments Logistics Corporate News Loss Prevention Holidays Share Retail Dive: Daily Dive with others and get rewarded. You've referred 0 readers. To become an official Dive Insider, just successfully refer 10 contacts to Retail Dive: Daily Dive. Here's your link to share: https://www.retaildive.com/signup/insiders/?signup_referred_by=5f93078d7aa51972095c9316

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