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  • Saks Off 5th names four new locations in Canada

    Saks Fifth Avenue Off 5th continues to expand north of the border.

    The off-price retailer and Ivanhoé Cambridge announced an agreement to bring four new Saks Off 5th locations to Canada. The stores, the brand’s first in their respective markets, will open in four Ivanhoé Cambridge shopping centers: Tsawwassen Mills, Tsawwassen, B.C., Outlet Collection Winnipeg; Place Ste-Foy, Quebec City; and Montreal Eaton Centre, Montreal.

    Here are the details on the four locations:

  • Study: Holiday service leaves shoppers not so happy

    Despite significant investments by many retailers, U.S. consumers are unsatisfied with the levels of customer service offered this holiday season.

    According to the new 2015 Retail Holiday Customer Experience study from customer engagement solutions provider Eptica, 35% of consumers are unhappy with the online experience. This figure rises to 40% in store.

  • Fast-fashion giant to pursue LEED with new Manhattan outpost

    Hennes & Mauritz AB (H&M) is going green for its first store in Lower Manhattan.

    The retailer will open a 25,000-sq.-ft. store at Westfield World Trade Center, set to open in spring 2016. It will be H&M’s 17th location in New York City, and its first U.S. store to apply for LEED (Leadership in Energy & Environmental Design) certification.

  • Discounts few and far between on big retail weekend

    It’s no wonder so many shoppers were not impressed with some of the big holiday deals being offered by big retailers this past week.

  • Kimco Realty acquires Christown Spectrum

    Phoenix-Mesa-Scottsdale, Ariz. -- Kimco Realty Corp. announced that it purchased Christown Spectrum power center in the Phoenix-Mesa-Scottsdale, Arizona for $115.3 million. The property is an 850,000 sq. ft. center situated one mile east of Interstate 17 and lies adjacent to the second-busiest light rail station in Phoenix.

  • Acquisition weighs on Ascena comps

    Strong sales at Maurices and Lane Bryant weren’t enough to lift Ascena in the first quarter, as the company reported a decrease in comps.

    For the period ended Oct. 24, the company reported a net loss of 10 cents per diluted share compared to net income of 32 cents per diluted share in the same period of fiscal 2015. The company blamed the decrease on transaction costs related to the acquisition of Ann Inc., which closed during the first quarter fof fiscal 2016. Comps dropped 3% in the first quarter.

  • Retailers give thanks for Cyber Week

    Despite a few hiccups with site availability, Cyber Week 2015 on the whole was a huge success for the retail industry and bodes well for the remainder of the holiday season.

    According to data from Adobe, from Thanksgiving Day through Cyber Monday, consumers spent $11 billion online. This marked a 15% increase from Cyber Week in 2014 and represented 30% of a total $39.5 billion in November online sales. Adobe predicts consumers will spend $1 billion a day online every day from Dec. 1- Dec. 18.

  • Forever 21 connects consumers with new app

    Forever 21 is heeding the popular wisdom that mobile devices serve as omnichannel remote controls with its new app.

    The fast-fashion chain is unveiling a new Android app and updating its existing iPhone app. Designed to enhance the shopping experience in-store and online, the app features five key touch points, including:

    • F21 Inspiration – displays shoppable editorial stories, shop by outfits, lookbooks and exclusive videos.

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