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Clicks to Bricks: Apparel E-Commerce Players Find It Pays to Open Stores

Posted on March 27, 2015 by

To paraphrase Mark Twain, reports of the demise of bricks-and-mortar retail are premature. Though mall traffic is declining around the country and sales at non-store retailers are growing faster than any other industry segment, some online apparel merchants are finding the best way to grow their e-commerce business is to open stores. Physical stores are still useful marketing tools for … [Read more...]

A.R.E. and POPAI to Merge

Posted on March 26, 2015 by

Two nonprofit retail groups have agreed to merge. The Association for Retail Environments (A.R.E.) and Point of Purchase Advertising International (POPAI) will become one. At their respective board meetings held this week during GlobalShop in Las Vegas, both groups agreed they would be better able to advance the retail industry as a combined organization. “It is clear to us that the … [Read more...]

Eileen Fisher Pledges to Reach 100% Sustainability by 2020

Posted on March 26, 2015 by

No excuses — that’s the message from the folks behind the understated fashion empire Eileen Fisher. Known for its commitment to responsible and eco-friendly business practices, the 30-plus-year-old brand is stepping up its sustainability game with last week’s launch of the Vision2020 campaign, its pledge to reach 100 percent sustainability within the next five years. The national advertising … [Read more...]

The Importance of Being Earnest When Reacting to Customer Comments

Posted on March 26, 2015 by

The great thing about the Internet is everyone has a voice. Unfortunately, that can also be a bad thing when it comes to customer comments. Whether it's a pair of pants or a pack of socks, shoppers seem to have something to say about everything they buy — which can be great when they're happy with their purchase. However, experts say a negative remark doesn't have to be met with dread. Rather, it … [Read more...]

Bangladesh: Orgs Call on Brands to Complete Rana Plaza Contribution

Posted on March 25, 2015 by

The second anniversary of the deadly Rana Plaza building collapse in Bangladesh is coming up next month, and some victims are still awaiting compensation. In a joint statement Tuesday, the Business Social Compliance Initiative (BSCI), the Ethical Trading Initiative (ETI) and Social Accountability International (SAI) urged Bangladeshi public and private partners, as well as brands and retailers … [Read more...]

Survey: More Manufacturers, Retailers Adopt RFID for Better Inventory Visibility

Posted on March 25, 2015 by

Omnichannel and the ever-connected consumer have shifted the retail landscape, and technology to help companies keep up has become compulsory. One such technology, radio frequency identification (RFID)—described by some as the enabler of omnichannel—is showing up in more manufacturers’ and retailers’ supply chains. A new usage survey by information standards organization, GS1, revealed that … [Read more...]

NRF: Easter Spending Expected to Increase to 16.4 Billion

Posted on March 24, 2015 by

This Easter, consumers will be seeking out new spring apparel and spending more on it. The National Retail Federation’s (NRF) Easter Spending Survey revealed that the average person (age 18+) celebrating the holiday will spend $140.62, up a touch from last year’s $137.46. Total spending for Easter, including apparel purchases, decorations, gifts, candy, flowers and food is expected to reach … [Read more...]

Karmaloop Files for Bankruptcy

Posted on March 24, 2015 by

Boston-based streetwear site Karmaloop Inc. joined the ranks of retailers seeking legal protection from creditors, filing for Chapter 11 in a Delaware bankruptcy court Monday with plans to sell a majority stake in the online clothing business. Rumor has it that hip-hop moguls Kanye West and Damon Dash have expressed interest. The filing listed $100 million—$500 million in debt against $10 … [Read more...]

Nike Q3 Earnings Leap on Strong Revenue and Gross Margin Gains

Posted on March 23, 2015 by

NIKE, Inc. (NKE) reported quarterly earnings Thursday for its fiscal 2015 third quarter that exceeded Wall Street estimates despite the impact of the strong dollar. Sales slightly missed estimates, however, but investors seemed to not care, sending the stock jumping by more than 4 percent in midday trading to all-time highs. Diluted earnings per share for the quarter were up by 19 percent, due … [Read more...]

Payments are Not the Future of Mobile Wallets

Posted on March 23, 2015 by

Nearly 75 percent of the U.S. population owns a smartphone—that’s 182 million people, the vast majority of whom regularly use theirs to hail a taxi, transfer money to their friends or check in for a flight. And, much to the dismay of start-ups and tech-savvy retailers alike, they probably all still carry a wallet, as paper and plastic continue to be the payment method of choice for … [Read more...]