Neiman Marcus

Retailers wondering who among their peers is an omnichannel leader have an answer.

The new Omnichannel Retail Index from the National Retail Federation and e-digital consultancy FitforCommerce identifies the top performers among 120 retailers in several key areas of omnichannel commerce. The areas include showing in-store product availability, multidevice/platform shopping experience, email and loyalty marketing programs, delivery to customer, and customer returns.

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.

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.

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

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.

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.