Amazon's New Delivery Concept; JCPenney's Beauty Strategy; Foot Locker Closures

The numbers you need to know today

March 5, 2018

Where's My Package? Amazon is testing out new ways to make the delivery process smoother and help prevent stolen packages. The company is sending a photo of the delivery when a package is left unattended, which aims to "help customers see that their package was safely delivered and where." According to USA Today, the ecommerce giant has been testing this out for roughly six months in select markets and plans to expand the service. 

Beauty Investment: JCPenney is betting on beauty, according to CNBC, which reports the company is "focusing on increasing revenue per customer through beauty." For the retailer, the beauty category consists of fine jewelry, hair salons and Sephora stores. In addition to hiring 6,500 stylists for its hair salon business, JCPenney also plans to expand the number of Sephora shops within its stores, potentially adding another 27. 

More Closures: Though Foot Locker plans to open roughly 40 new stores this year, the foot apparel retailer also plans to close 110 locations. "We continue to prune the fleet of underproductive stores and open a few select, high-profile stores," said Foot Locker CFO Lauren Peters during an investors call. According to eMarketer's Retail Database, Foot Locker comparable sales declined 3.7% in Q3 2017.