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Anthropologie Finds Success With its Pinterest Catalog, Kay Jewelers Aims to Reach $9B in Annual Sales and Microsoft Bets on Digital Healthcare Market in a $19.7B Deal

Anthropologie

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Anthropologie Finds Success With its Pinterest Catalog

In late March, apparel and home goods retailer Anthropologie announced its digital-only catalog on Pinterest. As the coronavirus pandemic limited shoppers’ ability to visit in-store locations, the partnership with Pinterest allowed Anthropologie to “translate the ordinarily physical experience into an interactive virtual experience,” says executive director of digital at Anthropologie, Barbra Sainsurin. “Pinterest is incredibly influential in the home, design and decor space, so it felt like the perfect alignment to launch our digital catalog with them,” she says. The catalog, called “AnthroLiving,” includes a detailed look at the retail chain’s spring home collection, including home decor and furniture. Interested shoppers can click on an image and be redirected to Anthropologie’s website to make a purchase.


What stood out to us? Time to brighten up that place you have been confined to for a year.


Diamonds

Kay Jewelers Aims to Reach $9B in Annual Sales

The owner of Kay Jewelers, Jared and Zales is setting a big sales target as business starts to pick up again after a turbulent year. In a presentation to investors Monday, executives from Signet Jewelers Ltd. announced a plan to boost annual sales to $9 billion, a huge jump from last year’s $5.2 billion and this year’s target of about $6 billion, by expanding ecommerce and providing more in-store services. The company sees an opportunity to seize about 10% of the fragmented jewelry market, since most stores in the industry are independent and don’t have robust online shopping operations. The company didn’t provide a specific time frame, but wants to meet the goal “in the coming years.” CEO Gina Drosos is revamping Signet to sharpen its online focus while shifting its brick-and-mortar strategy. The company closed 395 stores last year, mostly in malls, and plans to shut another 100 this year. Despite the withdrawal from traditional shopping centers, Signet is expanding in off-mall locations. The company sees a third of its $9 billion revenue target being provided by ecommerce.


What stood out to us? Zoom jewelry parties. Missed opportunity.


Digital healthcare

Microsoft Bets on Digital Healthcare Market in a $19.7B Deal

Microsoft Corp., eyeing future sales of digital healthcare technology designed with artificial intelligence to doctors and hospitals, is buying speech technology company Nuance Communications Inc. in an all-cash deal valued at $19.7 billion, including debt. The software giant is offering to purchase Nuance at $56 a share, a 23% premium to Friday’s close, according to a statement Monday, which confirmed an earlier Bloomberg report. The deal marks Microsoft’s largest acquisition since LinkedIn Corp. The deal will “minimally” decrease earnings in the year that begins July 1 and start to add to profit the following year, Microsoft said.


What stood out to us? A new way to use AI to maximize medical coding?


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