Menu
RSS

Latest Retail News & Trends Focused On Customer Experience Across All Channels

Featured Stories

Is Off-Price Now The New Normal?

Is Off-Price Now The New Normal?

July 22, 2016 | Pricing

While many traditional retailers had a weak Q1, off-price retailers such as TJX, Ross Stores and Five Below did quite well for themselves in the same period. Unlike department stores that often feel the need to mark down inventory for the sake of getting the merchandise off their hands quickly, off-price retailers already purchase their inventory at a discount. A recent RetailWire article spotlighted what appears to be a trend: most consumers now purchase their clothes at off-price outlet stores. The article noted that off-price shoppers now represent two-thirds of all consumers, according to...

Movers & Shakers

Target Appoints Former Apple Exec To Lead Supply Chain Processes

Target Appoints Former Apple Exec To Lead Supply Chain Processes

Target has appointed Ben Cook as Senior VP of Global Logistics, Inventory Allocation and Replenishment. Cook will be responsible for leading the company’s inbound and outbound supply chain processes, including...

Nordstrom Promotes Meden To CMO

Nordstrom Promotes Meden To CMO

Two Nordstrom execs are moving on up in the company. Scott Meden has been promoted to Executive VP and CMO, and Kristin Frossmo was named Executive VP of Nordstrom’s shoe...

Tesla Taps Former Apple, Burberry Digital Retail Exec

Tesla Taps Former Apple, Burberry Digital Retail Exec

Tesla has hired former Apple and Burberry executive Chester Chipperfield as its Global Creative Director. Chipperfield most recently served in Apple's "Special Projects" division, where he was said to have worked...

Mergers & Acquisitions

Eastern Mountain Sports, Bob’s Stores Merged Into New Holding Company

Eastern Mountain Sports, Bob’s Stores Merged Into New Holding Company

Private equity investment firm Versa Capital Management has formed a new holding company. Dubbed Eastern Outfitters, LLC, the company brings together two restructured and recapitalized retail operations: Eastern Mountain Sports...

MasterCard Buys UK Payments Provider VocaLink For $920 Million

MasterCard Buys UK Payments Provider VocaLink For $920 Million

In another sign that MasterCard is determined to stay relevant in a rapidly changing payments landscape, the company will acquire a majority stake in payment systems provider VocaLink for £700...

Nuance To Acquire TouchCommerce For $215 Million

Nuance To Acquire TouchCommerce For $215 Million

Speech and interface tech company Nuance Communications, Inc. announced that it has signed a definitive agreement to acquire digital customer service and engagement solutions provider TouchCommerce for a total consideration...

Financial News

EBay Raises Revenue Guidance, Citing StubHub Success, Data-Driven Focus

EBay Raises Revenue Guidance, Citing StubHub Success, Data-Driven Focus

Helped by a consistently strong revenue generator in StubHub, eBay has posted its second straight quarter of sales gains, pulling in net revenues of nearly 6%. With the revenue boost,...

Uniqlo Parent Downgrades Profit Guidance For Third Time In Six Months

Uniqlo Parent Downgrades Profit Guidance For Third Time In Six Months

Fast Retailing, the Japan-based parent company of Uniqlo, cut its full-year profit estimates for the third time within the past six months. While Q3 income rose 17.8%, net income for...

True Fit Scores $25 Million To Boost Apparel And Shoe Sales With Data

True Fit Scores $25 Million To Boost Apparel And Shoe Sales With Data

Footwear and apparel discovery platform True Fit has raised $25 million in funding to help fuel its rising demand and growth. This new round of financing, led by Jump Capital,...