REI announced it will once again close its doors on Black Friday. But this year the outdoor retailer will not only close all 149 of its stores on Black Friday and Thanksgiving, but it will also process no online sales and pay all 12,287 employees to take the day off to head outside instead. To…
Retailers opening their stores in the early morning hours of Black Friday are reporting smaller crowds than in previous years. According to Reuters and the Los Angeles Times, shoppers are seeing less competition for the bargains that can be found in-store. New data from Adobe Systems suggests that consumers are increasingly choosing to do their…
A federal judge on Tuesday blocked an Obama administration rule to extend mandatory overtime pay to more than 4 million salaried workers from taking effect, imperiling one of the outgoing president's signature achievements for boosting wages. U.S. District Judge Amos Mazzant, in Sherman, Texas, agreed with 21 states and a coalition of business groups, including the…
Hudson's Bay Company (HBC) prides itself on being a global, all-channel retailer, featuring diverse brands such as Hudson's Bay, Saks Fifth Avenue, Lord & Taylor, Gilt and others. CEO Jerry Storch says it's not his company's job to choose how its customers want to shop, but rather be there for them wherever, whenever and however they…
Online mattress brand Casper has plans to open a fleet of physical stores, according to help wanted ads placed on its website. The two-year-old company has plans to sell its foam mattresses — which are currently delivered tightly folded in a box and inflate on their own when opened — in other stores, and to even…
Fifty-nine percent of Americans — an estimated 137.4 million people — are planning to or considering shopping during Thanksgiving weekend, according to the annual survey released yesterday by the National Retail Federation and Prosper Insights & Analytics. The numbers, which cover Thanksgiving Day, Black Friday and Small Business Saturday plus Sunday, include both in-store and…
Roughly 50 percent of Abercrombie & Fitch's 745 U.S. retail store leases are up for renewal over the next 18 months, the company said Friday. With profits under pressure, this window gives management the opportunity to continue pruning the company's footprint without being penalized for exiting space early. Though management didn't outline how many of its…
Consumers have options, and they know it. Brands need an intelligent order management system to fulfill orders profitably.
That time of year is fast approaching — the time when consumers flock to shops to buy presents for loved ones. It’s also a time when retailers are swept off their feet with all of the things they need to do to keep their shop functioning over the festive period. That’s why it’s time to start…
Rent the Runway is opening its first store-within-a-store tomorrow inside Neiman Marcus in Union Square, San Francisco, and plans to open more by the end of 2017.The Rent the Runway pop-up store inside Neiman Marcus will feature a curated, rotating inventory of over 400 designers, personal stylists, an in-app concierge for hand delivery and courier…
