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Sales & Marketing

  • Study: Gens Y & Z prefer credit cards over other forms of payments

    Following suit of older generations, younger shoppers want to pay for purchases with credit cards.    Specifically, Gen Z (ages 18-24) and Gen Y (ages 25-34) are comfortable using credit to make purchases, and overwhelmingly prefer credit cards to monthly payment options, according to new data from Vyze, a provider of cloud-based financial technology solutions.   

  • Chapter 22: Why Some Retailers Emerge from Bankruptcy Only to File Again

    As of August 31, 16 retailers have filed for Chapter 11 bankruptcy in 2017. Four of those sixteen retailers are filing for “Chapter 22”, meaning this is their second time declaring bankruptcy. Chapter 22 cases show that the first bankruptcy failed and that the firm and its advisors were too optimistic regarding the firm’s viability out of bankruptcy. The chart below summarizes the four Chapter 22 filings over the past year:  

  • Report: Amazon tries its hand at a different kind of pop-up

    Amazon is preparing for its newest physical store — and promoting its alcoholic products at the same time.   The online giant is opening a pop-up bar in Tokyo’s Ginza district. The location, which will be open for 10 days, will sell beer, wine, sake and cocktails sold on its Japanese website, as well as exclusive products and samples not yet for sale, according to Bloomberg.  

  • Fast-growing Dutch retailer to bring womenswear store concept to U.S.

    Suistudio specializes in suits — but it's not dressing men.    Based in the Netherlands, the online women's apparel retailer is set to open its first U.S. store at the end of October, in New York City. The merchandise mix will emphasize no-fuss silhouettes that promise an "impeccable" fit and put a modern twist on the notion of power suiting — with in-store, while-you-wait tailoring available. In addition to suits, the mix includes shirts, dresses, and evening wear.   

  • Embattled department store retailer gets fresh cash infusion from owner

    As it heads into its most important selling season, Sears Holding Corp. is receiving another cash infusion from its CEO and largest shareholder.   Sears is borrowing $100 million from units of CEO Eddie Lampert's hedge fund ESL Investments for "general corporate purposes," according to a regulatory filing. The new infusion brings the total of Lampert's outstanding loans to Sears to $499.4 million.   

  • First Look: Iconic 70's retailer returns to stage with new flagship

    Fiorucci is back — and it hasn't lost its cheeky, irreverent attitude.   The brand, which acquired cult status and flourished throughout the 1970s and 1980s before going into a slow decline, was relaunched earlier this year with a new website, new fashions and pop-ups in Barneys New York and Selfridges (London). Capping off its comeback, Fiorucci has opened a 5,000-sq-ft. flagship in London's SoHo neighborhood. A New York City location is planned for 2018.   

  • Cloud-based platform puts Jonathan Adler on fast track

    A home furnishings brand is in rapid expansion mode — something that wasn’t possible five years ago.

  • First Look: Nordstrom Local, West Hollywood, Calif.

    Nordstrom has unveiled its new retail concept, Nordstrom Local.     Located in West Hollywood, Calif., the 3,000-sq.-ft. store offers all sorts of services, including on-site tailoring, personal stylists, buy-online-pickup-in-store, manicures — but has no dedicated inventory. Eight fitting rooms (associates can transfer requested merchandise from Nordstrom stores or its website to Nordstrom Local for try on) surround a central meeting space.  
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