Rithum’s retail roundup is a monthly collection of noteworthy news and events happening around the world of retail.
The Latest News
Nordstrom Employs Drop-Ship Model in New Fanatics Partnership
Nordstrom and Fanatics new partnership is focused around Nordstrom’s drop-ship model and will bring Fanatics to Nordstrom customers. Nordstrom.com will handle sales and Fanatics will take care of fulfilling and shipping orders. The partnership brings Nordstrom an entirely new product category, with licensed products from major sports leagues featured in a new Nordstrom.com Sports Fan Shop.
Ulta’s Q3 Sales Hit a Record $2B as it Finishes Target Expansion for 2021
Ulta has officially reached its goal of opening more than 100 Target shop-in-shops in 2021. The retailer reported net sales were up 28.6% from last year and 19% from 2019, to reach a record $2 billion. The beauty company ended the quarter with 35.9 million active members, up 6% from 2019.
Walmart pushes ahead with DroneUp on home deliveries
Walmart is working with DroneUp on aerial home deliveries. Walmart made a strategic investment in DroneUp earlier this year. The DroneUp delivery service will operate across three Walmart hubs in Northwest Arkansas, with the first already in business (and doing drop-offs). Deliveries can be made in as quickly as 30 minutes. Though they are currently limited to one nautical mile from the Walmart Neighborhood Market base in Farmington. Drone deliveries are predicted to become a $115 billion industry by 2035, per Deloitte.
Nike teams up with Roblox to create a virtual world called Nikeland
Nike is partnering with Roblox to create a virtual world called Nikeland. Roblox users will be able to dress up their avatars in Nike-branded sneakers and apparel. Nike sees the value in being able to connect with a new generation of athletes, which can eventually translate into real-world sales.
DoorDash plans to offer rapid delivery for retailers
DoorDash announced its DashMart virtual convenience store brand, starting with a location in New York City’s Chelsea neighborhood. DoorDash will rely on full-time couriers and has created a new entity, DashCorps, to employ them. DoorDash said it plans to eventually offer it as a service to retailers.
DICK’s plots new House of Sport, Public Lands stores as sales rise
On the back of a nearly 14% rise in net sales and a 12% comps increase, the retailer is already planning new stores in 2022 for its House of Sport concept, which offers a plethora of experiences, including a putting green, yoga classes, rock climbing, batting cages, and equipment fixes and Public Lands, its new outdoors concept championing environmental efforts, as it continues to invest in the business.
Upcoming Retail Events
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The NRF 2022 Retail’s Big Show | Booth #6818 • ShopTalk | Booth #4088
To start the new year, nearly 30,000 retailers, vendors and retail industry experts are expected to attend the NRF Retail’s Big Show at the Javits Center in New York City, January 16-18. We’ll be there talking about how we’re transforming the future of commerce. Stop by and say hello!
The 2022 ShopTalk event will bring together more than 8,000 retail change makers to discuss the latest technology trends and the state of retail innovation. Being held March 27-30, 2022 at Mandalay Bay in Las Vegas, Nevada, ShopTalk is back and better than ever. We hope to see you there!