Retail News and Trends for 19th July 2019

1.

E-commerce is about to get complicated in Europe

The European Commission hopes to reduce fraud rates in online transactions through a new ruling that will mandate merchants, banks and payment processors will have to implement two-factor verification on electronic transactions over €30. Experts fear that this could cause friction into what is otherwise a smooth checkout experience.

2.

Walmart might not be the savior of DTC brands. Here's why.

Buying digitally-native brands haven't made a meaningful impact on the retailer’s bottom line since Bonobos in 2017. Walmart says that it is now delaying any potential acquisitions for at least a year, proving that its differentiation strategy has failed.

3.

Turning retail stores to fulfillment centers isn't without limitations

Big-box retailers like Target and Walmart increasingly want their stores to double as fulfillment centers, and are remodeling stores and working with more last-mile delivery services in order to do so. But this idea isn’t without limitations.

4.

Fifth Wall raise $503M

Fifth Wall has raised $503 million for its second fund focusing on real estate technology. The LA-based firm's portfolio includes outdoor gear retailer Cotopaxi, scooter startup Lime and Opendoor, which operates a platform for buying and selling homes.

5.

ThirdLove opens first retail store in NYC

ThirdLove, the direct-to-consumer lingerie and underwear retailer, is opening its first experiential store in New York City on July 24. The fitting is an extension of the company’s online “Fit Finder” questionnaire, which is designed to determine the right size bra for the shopper via proprietary algorithms.

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