☕ Blank Street Coffee is betting on subscriptions

Peloton also partners with TikTok to offer short-form content

Greetings from the Retailist team! Happy New Year. As we look ahead to 2024 the e-commerce, retail, and Direct-to-Consumer (DTC) world shows no signs of slowing down. We've seen a range of key news, developing trends, and unique stories from the world of retail over the last week. Dive in to explore the top stories:

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In the news: Top headlines this week

Blank Street Coffee is betting big on subscriptions: Since its founding three and a half years ago, Blank Street Coffee has grown to 74 coffee shops across New York City; Boston; Washington, D.C.; and London. Blank Street co-founder Vinay Menda estimates that the chain’s new subscription program could eventually account for 30% to 40% of its customers. The program, which has about 5,000 members, charges $8.99 or $17.99 weekly for 14 drinks. [CNBC]

Online holiday spending jumps nearly 5% to record, Adobe Analytics says: Online spending during the holiday season shot up nearly 5% to $222.1 billion in November and December, according to Adobe Analytics.[CNBC]

Peloton shares surge 15% as it partners with TikTok to offer short-form fitness classes, other content: The partnership comes as Peloton looks to attract a wider array of customers and boost subscribers amid falling sales and profits. [CNBC]

Frederic Arnault to lead LVMH Watches in latest family promotion Frederic Arnault, one of LVMH (LVMH.PA) Chairman and CEO Bernard Arnault's five children and heirs, has been promoted to the role of Chief Executive of LVMH Watches, overseeing the TAG Heuer, Hublot and Zenith brands, the luxury group said on Friday. [Reuters]

Aldi Deploys Supply Chain Solution to Centralize and Manage Global Shipping and Logistics. Aldi International Buying Asia, the discount supermarket’s Hong Kong-based hub for sourcing Asian products and global ocean freight logistics, has adopted the One Network Intelligent Control Tower on the solution provider’s Digital Supply Chain Network. [Retail Touchpoints]

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