Modern Retail Rundown: Tapestry & Capri merge, companies rein in rewards & Amazon scales back private brands

By Gabriela Barkho

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On this week’s episode of the Modern Retail Rundown, the staff reviews various news from the retail industry.

Today we discuss the growing consolidation in the Tapestry’s big acquisition of Michael Kors owner Capri. Next, why brands are reducing the rewards in their rewards program to improve margins. Finally, we talk about Amazon scrapping a majority of its apparel private labels amid growing anti-trust ridicule.

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‘This isn’t about opening as many stores as we can’: Primark U.S. president Kevin Tulip on introducing the value retailer to North America