May 26 - Amazon hit with antitrust lawsuit | Store closures hurt Nordstrom

Amazon sued by DC attorney general for controlling seller prices; Downsizing hurts Nordstrom in Q1; Heyday raises $70M to grow marketplace brands; E-commerce fraud prevention startup Forter raises $300M View online | Signup | Forward

Daily Dive May​ 26,​ 2021 | Today's news and insights for retail leaders   BROUGHT TO YOU BY — AB Tasty The 11 trends shaping digital CX in 2021 AB Tasty's complete guide on the top trends shaping digital customer experiences worldwide in 2021, in partnership with Trendwatching. Get the guide.   Deep Dive The rise of the home improvement sector — and where it could go next Increasing homeownership rates boosted the category in recent years, but unforeseen circumstances brought on by the pandemic helped land toilets on the list of most popular purchases of 2020. Amazon sued by DC attorney general for controlling seller prices In an antitrust lawsuit, Karl Racine accused the e-commerce player of abusing its market power throughout online retail. Downsizing hurts Nordstrom in Q1 Last year's move to shutter 16 full-line stores hampered sales over 2019. Meanwhile, some analysts question a key aspect of its new digital strategy. Sponsored Content by Sidecar Google paid search ROAS up 31% on average New benchmarks data covers this and more advertising stats for the retail industry. Access the data. Heyday raises $70M to grow marketplace brands The company also built out its team with Amazon veterans and named Brandless co-founder Tina Sharkey to its board. E-commerce fraud prevention startup Forter raises $300M The recent funding round, which the company will use to expand its global ecosystem, brings the company's valuation to $3 billion. Wilson debuts apparel line, plans first retail stores The sports equipment company is expanding its offering and honing in on DTC as part of an "evolution" into an athletic lifestyle brand. Read more news Featured Resources FROM: Persado Communication Essentials for Your Retail Reopening Strategy [Webinar] Your Messaging Guide to Welcoming Customers Back to Your Stores [eBook] 2021 State of AI and Creativity for Retailers featuring responses from 100 retail leaders From Our Library Webinar - on demand Unlocking the Power of Customer Loyalty Kobie Webinar - on demand 5 Tactics to Drive Subscriber Growth Recurly Playbook The Path to Digital Success That Prioritizes Consumer Privacy LeadsRx Webinar - on demand Building an effective marketing communications strategy FedEx View all resources What We're Reading The New York Times A New Crop in Pennsylvania: Warehouses The Wall Street Journal Amazon to Buy MGM Studios for $8.45 Billion With Debt Business of Fashion Gwyneth Paltrow Joins Rent the Runway Board CNN Business Walmart apologizes to people who received racist emails Women's Wear Daily Riding Momentum, Abercrombie & Fitch Co. Swings into Profitability Suggest a story we should read Upcoming Events Consistent messaging throughout the customer experience May 26, 2021 - May 26, 2021 | Webinar 2pm ET Diving Into the Fraud Economy: How to Secure Growth with Digital Trust and Safety June 1, 2021 - June 1, 2021 | Webinar 2pm ET Mobile Predictions in 2021: Mastering Consumer Behaviors June 8, 2021 - June 8, 2021 | Webinar 2pm ET What the Growing Trend Toward Privacy Means for Mobile Apps June 10, 2021 - June 10, 2021 | Webinar 2pm ET Untapping YouTube's Unparalleled Advertising Potential June 15, 2021 - June 15, 2021 | Webinar 2pm ET Mobile Payments as an Enabler of Access for Brands and Consumers May 26, 2021 - May 26, 2021 | 10:30 am ET | 3:30pm GMT +1 Dive Into a Topic Technology Marketing DTC Operations Distressed Retail Store Concepts Consumer Trends Financial News 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=60a5c3aa567ee621a1070bb0

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