Stores-within-stores have been prevalent in Europe and Asia for years, and while they’ve been in play for decades in the U.S. (think perfume counters in Macy’s), all indications call for much wider adoption here in the years ahead. Already, the concept has branched into new combinations. Apparel shops within supermarkets, electronics boutiques in department stores, and branded sections of sporting-goods stores are some commonly seen examples.
Amazon: Breaking Down Four Myths
There’s no denying that Amazon has changed the face of retail, but there are many misconceptions about how the company actually operates. Many wrongly believe that Amazon makes most of its profits from e-commerce, while others incorrectly view Amazon as the long-tail poster child. Unfortunately, these fallacies are leading many retail companies into making bad strategic business decisions as they try to duplicate Amazon’s success.
The following is a breakdown of some Amazon myths along with a few takeaways:
It’s hot in Texas: Another new project for North Dallas
One of the fastest-growing regions in the nation--in both jobs and population — will be home to another retail-heavy mixed-use project.
RPS development and High Street Residential, a Trammel Crow unit, will be building 342,000 sq. ft. of retail and restaurant space encompassing 23 buildings in Allen, Texas, according to the Dallas Morning News.
Study: Apparel retailers still seek the perfect technology fit
As more shoppers embrace digital solutions, apparel retailers must merge online and offline experiences to drive e-commerce sales.
This was according to “Apparel Trend Report: Reconciling the Tech with the Tactile,” a report from Criteo that highlights the latest shopping trends in the apparel and accessories retail category. The report offers insight into shifting shopper behavior and actionable intelligence for retailers and brands as they seek to fully capitalize on the apparel e-commerce ecosystem.
Luxury department store retailer takes on more debt
Neiman Marcus’ debt burden just got heavier.
The luxury retailer will make interest payments over the next six months with new debt to preserve its cash and bank line of credit.
Instead of making a current $29 million cash interest payment on $600 million notes due in 2021Neiman Marcus will issue more bonds to holders to cover the 9.5% interest, the Dallas News reported.
French children’s clothing brand in U.S. debut
Orchestra is entering the United States, both online and off.
The 23-year-old French children’s and maternity fashion brand has launched its first English language website. The retailer will make its U.S. brick-and-mortar debut, opening newborn/children's clothing store at King of Prussia Mall, King of Prussia, Pa.
Crate & Barrel CEO out
The chief executive of Crate & Barrel is out after less than two years at the top.
Doug Diemoz left the home furnishings retailer last week. Most of his responsibilities will be taken over by Neela Montgomery, board chair of Otto Group, the privately owned German company that owns Crate & Barrel, according to Crain’s Chicago Business.
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