Lord + Taylor, one of America's oldest department stores, has filed for bankruptcy, joining a growing list of stores slammed by the coronavirus pandemic. In addition, Tailored Brands, the parent company of Men's Wearhouse and JoS. A. Bank, also filed for bankruptcy. Lord + Taylor, which was sold to rental clothing company Le Tote last…
Melissa Campanelli
SPARC LLC, a full-service retail operator comprised of the U.S. mall owner Simon Property Group and the apparel licensing firm Authentic Brands Group (ABG), has made a $305 million bid for bankrupt Brooks Brothers, according to a court filing published last week. The offer, still subject to better and higher bids and court approval, will keep at least 125…
Verizon Media today announced the launch of Groceries from Walmart, a Yahoo Mail feature that enables users to browse, add to cart, and purchase essential groceries from Walmart within Yahoo Mail. According to Verizon Media, this is the first time that email users can fill a shopping cart from their inbox, streamlining their shopping experience from…
Walmart is launching a new subscription service later this month called Walmart+ that closely resembles Amazon Prime, multiple sources told Recode last week. According to the sources, Walmart+ will cost $98 a year, and will include perks such as same-day delivery of groceries and general merchandise, discounts on fuel at Walmart gas stations, and early…
I'm so excited to announce that I will be moderating a session at the CommerceNext Virtual Summit, taking place July 28-29! Based on the theme “Path to Recovery,” the CommerceNext Virtual Summit is designed to help retailers rebuild after extended store closures and a rapid transformation of e-commerce shaped by COVID-19. During the event, you’ll hear from brands…
Welcome to this week's Retail Resources, which features a curated list of the best content and resources I've found over the past week. This week, I offer information and resources about leadership, diversity and inclusion, and some fun stuff, too. As always, if there's anything you would like me to share in a future post, let…
Crate and Barrel announced last week that CEO Neela Montgomery will step down from her role on Aug. 1 "to pursue new opportunities." The retailer said in a press release that Montgomery informed the board late last year of her decision, and her successor will be named "shortly." Montgomery stepped into the CEO role in the summer…
Microsoft said on Friday it will permanently close all of its 83 store locations and will instead focus on its e-commerce business, where customers can visit for support, sales, training and more. The decision comes after Microsoft temporarily closed stores in March due to the spread of the coronavirus. Microsoft said the thousands of workers from these stores have…
Welcome to this week's Retail Resources, which features a curated list of the best content and resources I've found over the past week. This week, I offer information and resources about leadership, data related to COVID-19, and some fun stuff, too. As always, if there's anything you would like me to share in a future post,…
Welcome to this week's Retail Resources, which features a curated list of the best content and resources I've found for you over the past week. This week, I offer information and resources about leadership, COVID-19 recovery readiness as stores and offices begin to slowly open, and wellness. As always, if there's anything you would like me…
Mall operator Brookfield Property Partners is suing Gap Inc. for refusing to open stores at the company’s properties in Texas and for owing more than $2 million in unpaid rent over three months, Bloomberg reported last week. “For three months running, Gap has failed to pay rent at virtually every Brookfield location nationwide, even for stores that Gap…
Welcome to this week's Retail Resources, which features a curated list of the best content and resources I've found for you over the past week. This week, I offer information and resources about leadership, remote team building tools and perks, more ways to fight racism and become better allies, and more. If there's anything you would…
The Children’s Place plans to reduce its store footprint by one-third by the end of fiscal year 2021 as part of an ongoing effort to shift its core business online. Three hundred of the company’s 920 stores in the United States, Canada and Puerto Rico are slated to be closed, with 200 closures planned for…
Welcome to this week's Retail Resources. This week, I'm dedicating this post to what I believe are valuable resources to help retail business leaders fight racism and become better allies. If there's anything you would like me to share in a future post, let me know by dropping me a line at mcampanelli@napco.com. LinkedIn has made its seven-course…
Less than two weeks after United Parcel Service (UPS) posted surcharges on all types of deliveries, FedEx Corp. has followed suit. In an announcement posted on its website last week, FedEx said it's imposing a temporary surcharge, effective today, June 8, on certain types of packages as shipping carriers struggle with the surge related to e-commerce orders due…
