Supply Chain & Merchandising

Lingerie retailer Frederick’s of Hollywood is reportedly closing at least 31 of its 93 stores as part of a broader re-engineering effort. 

According to the Wall Street Journal, Great American Group is overseeing liquidation sales at 31 stores, including the flagship location in Los Angeles. The number of stores to be shuttered may rise slightly.

The National Retail Federation and the Retail Industry Leaders Association are celebrating a tentative agreement on a labor dispute that caused problems at 29 West Coast ports.

Retailers have warned for months that the impasse in negotiations was creating an economic challenge, and that a full-scale strike would negatively impact the entire American economy. Farmers and manufacturers were also reporting a heavy toll as agriculture exports suffered and part shortages were leading to factory slowdowns for some automakers.

San Francisco – A labor dispute that had reduced the 29 West Coast ports, which handle close to half the consumer cargo in the U.S. down to 50%-60% capacity appears to be over. Late in the evening of Friday, Feb. 20, the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) reached a tentative agreement on a new five-year contract covering workers at all 29 West Coast ports.
 

Minneapolis – Target Corp, has reportedly expanded the functionality of its mobile shopping app to allow users to directly add offers from its Cartwheel social couponing service from a list in the Target app. In addition, Mobile Commerce Daily reports the Target app now offers features including product descriptions, reviews and ratings.

By Shah Karim, Saferock

If it hasn't done so already, the consumer experience will undoubtedly include omnichannel shopping, mobile, and social media as part of what consumers do naturally. Based on this inevitable evolution of how customers engage with retailers, here are seven retail “megatrends” which will become reality by 2020.

New York -- Rebecca Minkoff’s New York flagship combines advanced technology with the designer’s fashion-forward apparel and accessories to create a highly engaging and immersive shopping experience — one that’s right in sync with the brand’s omnichannel- and mobile-savvy customer base. It’s also in sync with the ethos of the designer herself, who has entered the wearable tech market, with a bracelet that alerts the wearer to calls and texts, and a cuff that charges mobile device

Sears Holdings continues to lose money –- lots of it –- and same store sales declined again during the holidays, but the severity of the company’s losses have diminished, which has Chairman and CEO Edward Lampert believing further improvement is coming as the company transforms to what he calls “a leading integrated membership-focused company.”  

Best Buy is following the lead of Target and other retailers by partnering with a new app called Curbside at some of its stores.

Best Buy has signed a deal with Curbside, which allows shoppers to pick out what they want online. Curbside employees then buy the items and are there to meet shoppers outside the store an hour later. The app was launched by two former Apple engineers who raised $9.5 million to expand the service, which is free to shoppers.