WOULD YOU LET YOUR CUSTOMERS HAGGLE ONLINE?

You’ve heard of name-your-own price travel booking site Priceline, right? And you’ve certainly heard tales of fashion customers asking for discounts at the retail counter (if you haven’t experienced it yourself), not to mention online marketplace eBay where shoppers can make an offer to the initial price “ask”. So has …

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BURLINGTON STORES BESTS EARNINGS

Off-price retailer Burlington Stores, Inc. announced its results for the second quarter and six months ended July 30, 2016. Overall, EPS of $0.39 beats by $0.09, while revenue of $1.26B (+ 10.5% Y/Y) beat by $20M. Highlights included a 9.7% increase in…

OMEGA EXPANDS WATCH & JEWELRY BRAND WITH SUNGLASSES

Iconic Swiss watchmaker Omega is the newest brand to expand into luxury sunwear. The collection, in partnership with Marcolin Eyewear in Italy, adds to Omega watches and jewelry and grows the label’s lifestyle positioning. Launching this month, the sunglasses take inspiration from Omega’s heritage and products, with details from various …

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BLOOMINGDALE’S ANNOUNCES 2 NEW COLLABORATIONS

For Fall 2016, Bloomingdale’s has teamed up with NYC artist Greg Lamarche to illuminate the retailer’s 100% Bloomingdale’s fall campaign. Lamarche’s inspiration comes from the energy of the city and its role as an incubator of graffiti art. “Being a native New Yorker, for me Bloomingdale’s was part of my …

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EXPRESS PLUNGES ON WEAK Q2 EARNINGS

Express, Inc. released its financial results for the second quarter of 2016, ended July 30, 2016, and it wasn’t good. Overall, Comparable sales (including e-commerce sales) decreased 8%, compared to a 7% increase in the second quarter of 2015. E-commerce sales declined 7% to $70.1 million. Net sales decreased 6% to $504.8 million from $535.6 …

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NORDSTROM EXPANDS ITS ‘SPACE’ CONCEPT

Nordstrom is expanding its in-store boutique SPACE to four additional stores in Los Angeles, Nashville and Toronto. The total is now double the number of locations since its launch one year ago. Housing apparel, shoes, handbags, accessories, home goods and fragrance, the shop is a standalone boutique within the store’s …

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KOHL’S DONATES NEARLY 2,000 SHOES TO DESERVING STUDENTS

Kohl’s recently teamed up with actress Vanessa Hudgens to surprise nearly 2,000 students in Los Angeles with new Nike shoes and more than 80 teachers with $600 to purchase classroom essentials for back-to-school. Kohl’s is donating a minimum of $250,000 and up to $1 million total to AdoptAClassroom.org to ensure …

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