The Bon-Ton Stores, Inc. released results for the Second Quarter Ended July 30, 2016. Highlights: Comparable store sales decreased 2.0% as compared with the prior year period. Net loss was $38.7 million, or $1.95 per diluted share, compared with net lo…
STUDY: ONLY 16% OF RETAILERS SAY THEIR PROMOTIONAL PLANS ARE HIGHLY STRATEGIC
If you’re a retailer, how does your promotions strategy stack up to the rest of the industry? RetailMeNot, Inc., a digital savings destination connecting consumers with retailers, restaurants and brands both online and in-store, has launched the retail industry’s first-ever Promotions Index to help you find out. The RetailMeNot Promotions Index …
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SHOPPING PREVIEW: WESTFIELD WORLD TRADE CENTER
After many months of anticipation, Westfield World Trade Center has officially opened in Lower Manhattan, bringing in more vibrancy to the bustling and revitalized Financial District. With 365,000 square feet of retail space, this new mall aims to become one of New York City’s prime shopping destinations. As of this writing, …
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TJX STOCKS FALL ON MISSED ESTIMATES DESPITE POSITIVE EARNINGS
Earnings reports can be a tricky thing. For example, shares of the TJX Cos. (T.J. Maxx, Marshalls and HomeGoods) fell 3.2% yesterday, despite news of positive second quarter sales and comps. Why? Because the discount retailer’s Q3 and fiscal 2017 estimates, while on an upward note, still fell short of analysts’ estimates. Net …
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STATS FOR BACK-TO-SCHOOL SHOPPING
Research firm Retail Me Not has put out a back to school cheat sheet, featuring consumer trends and insights for retailers. Back-to-school shopping is always one of the largest seasonal events for retailers and consumers, and 2016 looks to be no differ…
NORDSTROM EXPANDS ITS PARTNERSHIP WITH MADEWELL THROUGH ADDITIONAL STORES
Nordstrom seems bullish about expanding its retail reach. Just recently, it announced that it plans to include casual fashion brand Madewell into an additional 20 stores this fall. According to Nordstrom, this is the third distribution expansion between it and Madewell since they started working together in March 2015, which will …
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KATY PERRY LAUNCHES SHOES…CAN YOU HEAR THEM ROAR?
Ever wonder what Katy Perry shoes would look like? Surely they would be fierce, bold and for women not afraid to be noticed. Pop star Katy Perry has always had a way with bold fashion and now she’s channeling that into a line of footwear, developed with Global Brands Group. The …
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EXPERT: 5 WAYS TO MAKE WORD-OF-MOUTH MARKETING WORK FOR SMALL BUSINESSES
Pamela N. Danziger is an internationally recognized expert specializing in consumer insights for marketers targeting the affluent consumer. She is president of Unity Marketing, a marketing consulting firm she founded in 1992. In a recent blog post, Danziger offers 5 word of mouth marketing solutions for small businesses. New research …
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FORMER UGG PREZ JOINS VIONIC
Having seen UGG President Connie X. Rishwain lead the brand’s growth from a $10 million niche surf brand into a $1.5 billion global lifestyle brand, let’s see where she takes footwear brand Vionic. Rishwain has just joined Vionic in a new role as President of its global business where she will oversee product, marketing …
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CAMUTO GROUP ACQUIRES MAJORITY OWNERSHIP OF SOLE SOCIETY
As part of its focus on digital innovation, Camuto Group has acquired the majority stake in Sole Society with the strategy of enhancing category offerings and continuing to build on the strong accessories platform through extensions in apparel and other key classifications. The partnership marks the first digital acquisition for Camuto …
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