Dick’s Sporting Goods, Instacart Team for Same Day Delivery, Coty Acquires 20% of Kim Kardashian’s KKW Beauty for $200M and UPS Expects to Break Weekly Return Record With Nearly 9M Returns
Dick’s Sporting Goods, Instacart Team Up for Same Day Delivery
Dick’s Sporting Goods Inc. last week launched on-demand delivery via Instacart at more than 150 of its stores. Dick’s introduced the service Friday at stores in Connecticut, Delaware, Georgia, Maryland, New Jersey, New York, Ohio, Pennsylvania, Virginia and Washington D.C. Consumers are able to use the service to order sporting and athletic equipment, outdoor recreation gear and apparel, footwear and accessories. The retail giant selected the initial markets for the service by first looking at areas where Instacart was popular with consumers, a Dick’s spokeswoman said. “Over time, we intend to expand the locations that can be served by Instacart,” the spokeswoman says, without providing more details. “We did our due diligence and looked at several players in this category and believe that Instacart’s experience and capabilities best align to the needs and desires of our customers,” the spokeswoman says.
What stood out to us? When will Kohl’s announce that it will begin taking returns on behalf of Dick’s to increase store traffic?
Coty Acquires 20% of Kim Kardashian’s KKW Beauty for $200M
Coty Inc., a cosmetics company, has acquired 20% of KKW Beauty, Kim Kardashian West’s beauty business, for $200 million. The deal was first announced in June with a plan to develop skin care, hair care and nail products under KKW Beauty to launch in its fiscal 2022, which begins in June 2021. This acquisition comes after Coty also bought a 51% stake in Kylie Cosmetics, Kylie Jenner’s beauty business, for $600 million in November of 2019. Kylie initially sold its products exclusively online before Ulta stores began carrying the brand in late 2018. “Kim shares our true passion for beauty products, and this acquisition allows us to leverage our respective strengths for mutual benefit and value creation,” said Coty CEO Sue Nabi in a statement. “She has a unique ability to read the latest beauty and wellness trends, while we have the expertise on global product positioning, access to a vast global distribution network, and the resources to enter new beauty categories.”
What stood out to us? Put Kim on a Wheaties box!
UPS Expects to Break Weekly Return Record With Nearly 9M Returns
UPS expects to induct 1.45 million returns into its system every day this week, which would be the highest weekly total of returns in the carrier’s history, a spokesperson told Supply Chain Dive. The expected 8.75 million returns this week is a 23% increase from the highest week of returns for the 2019-2020 holiday season. The carrier’s single-day record is 1.9 million returns, which was set on January 2, 2020. "The leveling out of returns across many days can largely be attributed to shifting purchasing habits accelerated by a global pandemic," said Nick Basford, UPS vice president of global retail and e-commerce strategy. "Think about this ... in 2012, the number of returns was more than 520,000 on the peak day of Jan. 3. That means that the amount has more than tripled since then," Basford said via email.
What stood out to us? Returns… …ah the joy of ecommerce.
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