March 13, 2024
Via: Retail DiveWith its Walgreens collaboration, Claire’s has added another major retailer to its lineup of partners. In 2022, the company entered a shop-in-shop agreement with a major retailer: Macy’s. In October 2023, the accessories retailer rolled out displays in about 700 […]
March 12, 2024
Via: Retail DiveGeneration Tux’s Columbus showroom will serve as a hub for local wedding planners and community events, and will offer customers the opportunity to work with stylists who can provide advice and style consultations. “Our Columbus Showroom is set to become […]
March 11, 2024
Via: Retail DiveWith its new campaign, Wayfair is welcoming shoppers to “The Wayborhood,” a playful, fantastical neighborhood that celebrates the home retailer’s “Every style, every home” tagline and comes to life across a variety of consumer touch points. By tweaking its logo […]
March 8, 2024
Via: Retail TouchPointsOff-price retailer Burlington Stores beat expectations for Q4 2023 (the 14 weeks ended Feb. 3, 2024), with total sales increasing 10% and comparable store sales growing 2% year over year. The quarter closed out a steady year for the chain, […]
March 6, 2024
Via: RIS NewsHome furnishing retailer Frontgate is launching its new retail experience, starting with a store Preston Royal Village in Dallas, TX. The 9,443-square-foot layout enables shoppers to browse by room through curved archways, to help transition departments and provide a more […]
February 22, 2024
Via: Retail DivePresident and CEO Ted Decker described 2023 as a year of moderation following three years of exceptional growth. The home improvement retailer started last year “with more inventory than we would’ve preferred,” Decker said, according to a Seeking Alpha call […]
February 14, 2024
Via: Retail TouchPointsIt’s been more than four years since mall operator Simon launched its ecommerce joint venture with Rue Gilt Groupe, and the Shop Premium Outlets (SPO) marketplace is going strong. The site, aimed at bringing off-price inventory from Simon’s malls online, […]
February 7, 2024
Via: Retail TouchPointsThe retail landscape is evolving, driven by shifting consumer preferences and an increasing awareness of the environmental impact of traditional business practices. As demand for sustainability grows, retailers are tasked with reimagining their strategies to embrace eco-friendly solutions. Amidst these […]
February 6, 2024
Via: SCMR EditorialLike many legacy companies, Mary Kay Inc. was struggling with its indirect spend management. While the cosmetics giant was known for its innovative beauty products, its indirect spend management was stuck in spreadsheets and emails. Innovative spend management it was […]
February 5, 2024
Via: RIS NewsThe physical shopping experience will always have a place in retail, but many retailers aren’t taking full advantage of their retail space. Store-within-a-store concepts offer an option that can help please customers and enhance the in-person shopping experience. The store-within-a-store […]
February 1, 2024
Via: RetailWireIn a bid to expand its already significant presence, Walmart is planning a significant escalation in its reach across the U.S. The retail company’s plans include the construction or conversion of over 150 large-scale stores within the next half-decade. The […]
January 26, 2024
Via: Retail TouchPointsAs Michelle Gass readies to formally take the reins on Jan. 29, Levi Strauss & Co. has announced a “multi-year global productivity initiative,” dubbed Project FUEL, that is designed to accelerate the company’s long-term profitable growth. The first phase of […]
January 24, 2024
Via: LightspeedEvery retail business has inventory, but some stores are more complicated than others. And it can take a lot of trial and error before mastering inventory management systems. Consider the bike shop: in the sales department alone, there are all […]
January 22, 2024
Via: Retail DiveWalmart announced the launch of Store No. 8 in 2017. The unit was created to help the company compete with Amazon. The unit focused on health and wellness; sustainability and the circular economy; social commerce and the creator economy; the […]
January 16, 2024
Via: Retail DiveIt’s an encouraging time when a brand is thriving and is able to open additional locations. In the first six months of 2023, U.S. retailers announced plans to open about 3,420 new stores, according to The Daily on Retail. While […]
January 10, 2024
Via: Retail TouchPointsThere’s been a lot of talk recently about retailers reporting lower-than-expected earnings due to inventory shrinkage. What does this mean exactly? According to the Corporate Finance Institute, “Inventory shrinkage occurs when the number of products in stock are fewer than […]
December 13, 2023
Via: Retail TouchPointsAfter years of lockdowns and digital-driven behaviors, consumers’ actions have shown how crucial the store experience is to how they shop and interact with brands. So it’s no surprise that 47% of executives believe that store design and experience have […]
December 12, 2023
Via: Retail DiveUniqlo made headlines in 2023 by creating the year’s hottest handbag, according to Lyst, which ranks brand buzz. Its half-moon mini shoulder bag, which retails for about $20, repeatedly sold out after going viral with more than 119 million views […]
December 6, 2023
Via: Retail TouchPointsThe National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by […]
December 6, 2023
Via: Retail DiveBest Buy continues to adjust its brick-and-mortar operations in the age of omnichannel shopping, aiming to strike the best balance of in-store service and e-commerce fulfillment capabilities. Its revenue fell 7.8% in Q3 amid weak demand for electronics. Although the […]