Neiman Marcus

Social media has evolved into a powerful marketing tool for retailers. But so far, social commerce is not yet a major transactional channel.

Twitter is the latest social platform to attempt to take advantage of social media’s immediacy to offer direct purchase functionality aimed at impulse shoppers.

Neiman Marcus reported modest sales growth and a reduced loss for its recently ended fourth quarter as the operator of 85 stores eyes an initial public stock offering and a bright omnichannel future.
 

Neiman Marcus reported modest sales and a reduced loss for fourth quarter as it eyes an initial public stock offering and a bright omnichannel future.

Neiman Marcus posted a net loss of $32.9 million for the fourth quarter, compared to a net loss of $42.1 million in the year ago period.

Revenues at the company’s 43 full-line department stores and 42 Last Call off-price stores increased 4.9% to $1.17 billion. Same-store sales increased 1.9% for the fourth quarter ended Aug. 1.

Dallas -- Kip Tindell, co-founder, chairman and CEO of The Container Store, has joined a global list of who’s who in retailing.

Tindell was inducted into the World Retail Hall of Fame during a closing day ceremony at the World Retail Congress in Rome, Italy. Now in its ninth year, the World Retail Hall of Fame has honored founders of some of the retail world’s most iconic brands.

Kip Tindell, co-founder, chairman and CEO of The Container Store, has joined a global list of who’s who in retailing.

Some major retailers are participating in the 30th Retailing Summit conference hosted by The Texas A&M University’s Center for Retailing Studies at Mays Business School.

Dallas – Shopping is becoming more of a snap than ever for mobile-savvy customers at Neiman Marcus.

The tony department store chain is partnering with visual search technology provider Slyce Inc. to expand the “Snap. Find. Shop” feature available in the retailer’s mobile app.

A new website –- part social network, part online marketplace -- is partnering with dozens of well-known retailers to reward shoppers who promote their products on social media.

Yuno, a new social shopping e-commerce site that allows users to discover and shop for over 70 million products, launched this week. Free to use, Yuno curates fashion, lifestyle, sports and technology products from major retailers, including Macy's, Best Buy, Nieman Marcus, Saks Fifth Avenue and Foot Locker, and rewards users with cashback on every purchase made.