Today on Total Retail

LVMH and Tiffany & Co. Agree on Reduced Acquisition Price
October 29, 2020 at 2:55 pm

France’s LVMH will pay slightly less to acquire U.S. jeweler Tiffany & Co. after the two companies agreed to end a bitter dispute triggered by the COVID-19 pandemic and salvage the luxury sector’s biggest-ever deal. The new takeover price was set at $131.5 a share, down from $135 in the original deal, the companies said in a statement on…

Analyzing Halloween 2020 Consumer Spending
October 29, 2020 at 6:40 pm

In this episode of Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss 2020 Halloween shopping trends as we approach the holiday. The National Retail Federation (NRF) conducted its annual Halloween survey on consumer perspectives for the holiday, and the data points to one key theme: despite the COVID-19 pandemic, Halloween 2020 is still…

Topgolf Acquisition Bolsters Callaway Golf, the No. 2 Fastest-Growing Retailer
October 29, 2020 at 5:12 pm

Callaway Golf is buying trendy driving-range outfit Topgolf International in an all-stock transaction valued at $2 billion — giving the Carlsbad, Calif.-based company control of the party-golf attraction that’s credited with luring new players to the game. The deal was announced Tuesday. Callaway already owns 14 percent of Topgolf. It first invested in the company…

How Retailers Can Boost the Bottom Line With Social Impact
October 29, 2020 at 12:31 pm

2020 has been marked by a global pandemic and a surge in social unrest and activism. Interest in social impact is at an all-time high, influencing everything from politics to what brands we buy and what companies we want to work for. Now more than ever, social impact efforts can be make or break for…

The Future of Brick-and-Mortar Retail: Contactless, But Experience-Full, Part 2
October 29, 2020 at 10:13 am

Retail has undergone seismic shifts since the outbreak of COVID-19, when we radically changed the way we behave outside our homes — and whether we ever even leave our homes at all. Brick-and mortar retailers have had to radically restructure their operations, from click-and-collect options to refocusing on online shopping. As states gradually open back…

Bed Bath & Beyond to Scale Back Coupons in Bid to Grow Profits
October 28, 2020 at 9:03 pm

Bed Bath & Beyond (BB&B) is known for its frequent coupons, sent in the mail and via email to lure customers into stores by promising 15 percent or 20 percent discounts off bedding and other home accessories. However, in a bid to boost profits and be more competitive on pricing with its competitors, the company is…

How to Position Your Products in an Experience-Centric Marketplace
October 28, 2020 at 9:40 pm

You don’t need another article to tell you that experience is king these days. Everywhere you look in business news, companies from CNBC to Entrepreneur to Adobe keep reminding you that today’s customers value experiences over products — and that it’s your job to become an experience-led business. This begs an obvious question: Where do…

Pop-Up Shops Boost Profits for PulseTV During the Pandemic
October 28, 2020 at 5:51 pm

Without a doubt, the COVID-19 pandemic created many challenges for e-commerce and retail stores globally. Faced with unfavorable debt burden and a customer base hunkering down from government orders, retailers felt the pain as consumers stopped spending money. E-commerce companies were faced with vendors going out of business and supply chains disrupted. Yet the pandemic…

2020 Holiday Retail Predictions
October 28, 2020 at 3:12 pm

Fall is here, and for some that means pumpkin spice lattes, knit sweaters and a family trip to the apple orchard. For us in the retail industry, it’s prep time for the holiday shopping season craze.  And with 2020 having its fair share of uncertainties and surprises, many are questioning what’s in store for the…

Evolving Your Brand’s Perception: Experience is Reality
October 28, 2020 at 2:13 pm

There has never been a more important time for a retailer than the present. Consumer spend has shifted to focus on essentials, and to follow, most retailers are dramatically revamping their strategic approach. To stay relevant, it’s paramount that retailers evolve their brand perception to survive Q4 and beyond. The brand isn't the logo over…