1. Location (Data) Is Everything for Retailers Opening Stores. Untuckit leaned heavily on cellphone and other data from technology company Placer.ai in choosing its store locations. – Read More on the WSJ
2. Nordstrom, Macy’s deals could put private ownership back in vogue for US retailers. In its new bid to take Nordstrom private, the Nordstrom founding family wants to keep control of the chain but doesn’t want the pressure of having to release quarterly performance as it’s trying to figure out its strategy. – Read More on Reuters
3. Google fined €250m in France for breaching intellectual property deal. France’s competition watchdog is fining the US tech company for breaches linked to IP rules related to news media publishers. The regulator also cited concerns about Google’s AI service. – Read More on the Guardian
4. How People Are Really Using GenAI. Six top-level themes give an immediate sense of what generative AI is being used for: Tech Assistance & Troubleshooting (23%), Content Creation & Editing (22%), Personal & Professional Support (17%), Learning & Education (15%), Creativity & Recreation (13%), Research, Analysis & Decision Making (10%). – Read More on HBR
5. CVC-Backed Perfume Retailer Douglas’s IPO Raises $967M. German perfume retailer Douglas AG priced its €890 million ($967 million) initial public offering at €26 a share, the bottom of a marketed range. – Read More on Bloomberg
6. RELATED READ: A Running Tracker of Fashion/Retail Industry Initial Public Offerings. Against the background of an evolving market, we have compiled a tracker that aims to provide a broad overview of recent retail and luxury-focused initial public offerings. – Read More on TFL