Today on Total Retail

The Sky Isn’t Falling, Retail’s Renaissance is Just a Little Scary
June 28, 2017 at 11:29 am

The retail industry is undergoing major changes. This year, many retailers have filed for bankruptcy or shuttered their locations outright, leaving the future of businesses like PayLess Shoes and The Limited uncertain. But while some industry observers will see this difficult period as the end of days, savvy retailers will see it for what it…

E-Commerce Innovation Through Content That Converts
June 28, 2017 at 11:02 am

You may have visual content on your website, but is it converting your visitors into customers? With the many common e-commerce challenges faced by retailers, my guess is not as many as you would like. It’s no surprise that industry conversion rates have stopped climbing at their previous levels. According to the Forrester report “The…

Nordstrom's Latest Pop-Up Focuses on Tech, Replicates Inside of a Computer
June 28, 2017 at 10:17 am

Nordstrom’s latest curated pop-up shop, Pop-In@Nordstrom: Gets Wired, is taking on a technology theme. The pop-up shop can be found in eight U.S. Nordstrom stores, and is created is resemble the inside of a computer with an all-white environment, blue fluorescent lighting, a circuit board floor graphic, and tables that look like computer chips and…

35 Million Consumers Quit Amazon Prime
June 28, 2017 at 10:11 am

New analysis from Prosper Insights & Analytics reveals that while Amazon Prime memberships continue to grow, an estimated 35 million consumers have quit Prime. One of the top reasons given for ending their Prime subscription is the $99 yearly price tag (or more if you pay per month). Some former users stated they couldn’t afford the annual…

The Emergence of Agile Retail in the Wake of Fast Fashion
June 26, 2017 at 9:25 am

The fashion industry is supposed to be run by those designers who dominate fashion weeks in New York and Paris. However, in the last couple of years, the biggest changes on the catwalk haven't been the styles, but how they're presented — namely in season and ready for purchase today. The same forces that are…

The Pain of Retail Bankruptcies Extends to Landlords and Remaining Tenants
June 26, 2017 at 9:05 am

This year is shaping up to be an especially tough one for retailers across the country. The current environment has resulted in many national and regional retailers closing up shop and turning to bankruptcy as a means of downsizing or liquidating. Whether the retailer has too many stores, an obsolete business model or declining sales…

Store Closures Likely for Bed Bath & Beyond
June 27, 2017 at 11:31 am

In an earnings call with Wall Street analysts, Bed Bath & Beyond’s CEO Steven Temares suggested that reducing its brick-and-mortar store count may be in the retailer's future. Temares cited roughly 80 to 100 store leases that will be coming up for renewal in the near future as potential targets for closure. Bed Bath & Beyond has struggled with…

Reports of Retail’s Death Are Greatly Exaggerated
June 27, 2017 at 11:29 am

I don’t know about you, but I’m tiring of the seemingly daily headlines declaring the death of U.S retail. Yes, it’s true many retailers are suffering from declining traffic and sales, burdensome store leases, and rising costs. However, the eternal optimist that I am, I tend to think that everything is cyclical and retail will…

Lowe's Completes Acquisition to Help its Contractor Business
June 27, 2017 at 10:57 am

Lowe’s announced that it has completed its $512 million purchase of Maintenance Supply Headquarters, which will help improve its offerings for its growing and lucrative base of professional customers, such as contractors. Maintenance Supply Headquarters, based in Houston, distributes products designed to maintain and renovate multifamily buildings, including appliances, plumbing, HVAC and lighting. The company employs roughly…

How to Turn Consumers Into Shoppers
June 27, 2017 at 10:55 am

Imagine you’re at a store with harsh, unflattering lighting — and you’re waiting a long time for the store associate to give you a hand. When she finally comes over, she’s rude and abrupt. Weeks later when you recall this event, you remember vividly that all the clothes looked terrible on you. But were the…