News

Celebs come out to celebrate new Target collection
Target is debuting its new Who What Wear fashion collection this week and a stylish group gathered in New York City to celebrate the highly anticipated launch and take a sneak peek at the line.

A star-studded event last week included actress and The Honest Company founder Jessica Alba, actresses Kate Bosworth and Jaime King and Target Stylist Zanna Roberts Rassi, who hosted a livestream of the event on Periscope.
Macy's and Etsy open a millennial magnet in Manhattan
Macy's has partnered with one of the hottest online retailers to open a pop-up shop of handmade wares at its legendary store in Manhattan.

A team of buyers from Macy's hand-selected more than 50 products from eight designers for the new Etsy Shop at Macy's in Herald Square. The assortment features stationery, jewelry and homewares, and also includes five unique items designed exclusively for Macy’s from Sol del Sur, Meera Lee Patel, and Modern Mud.

Rite Aid gives shoppers 5,000 reasons to use their loyalty card

Rite Aid on Thursday announced a big push behind its unique loyalty card offering wellness+ with Plenti - beginning Jan. 31, Rite Aid is offering its wellness+ with Plenti members the opportunity to earn 5,000 Plenti points when they spend up to $200 on participating products in stores or online. During Rite Aid’s “Big Point Event,” which runs through Feb. 27, customers can make multiple visits and purchases to reach the reward thresholds to earn up to 5,000 Plenti points.
Men’s Wearhouse looking to augment growth under new identity

First Google became Alphabet and now Men’s Wearhouse is following suit by creating a new holding company structure under the name Tailored Brands that hints at growth aspirations beyond the male demographic.
Under Armour turns 20 in 2016; expects best year ever

A 31% increase in its store count and a host of digital initiatives helped Under Armour achieve stellar fourth quarter and full year results, with 2016 expectations calling for more of the same.
Shoe retailer fits into bigger online capabilities

Regional footwear retailer Schuler Shoes does not have immediate access to the same type of e-commerce functionality as its larger competitors.

But the 10-store omnichannel chain, headquartered in Maple Grove, Minnesota, has still been able to offer advanced search and navigation features to site visitors.
College kids lend Lane Bryant plus-size prowess

Lane Bryant is all about changing the conversation regarding plus-size fashion and thanks to the efforts of a dozen design students the retailer is interpreting what that means for shoppers.
Lands' End names new COO/CFO in wake of Q4 sales slump

Lands’ End is making some significant executive moves in the wake of reporting a preliminary same-store sales decline of 8% to 10% for the fourth quarter.

Lands' End announced that it has named James (Jim) Gooch as its new executive VP, COO and CFO. Gooch will report directly to Marchionni, and will be responsible for overseeing operational and financial functions for the company. He will succeed Michael Rosera, who will be leaving the company.
Quiksilver rides again: Retailer set to emerge from bankruptcy

Action sports retailer Quiksilver and its nearly 1,000 stores are set to emerge from bankruptcy on Feb. 8, under the majority ownership of Oaktree Capital Management.

Quiksilver filed Chapter 11 bankruptcy on Sept. 9, 2015 and on Jan. 28, the company and Oaktree Capital Management issued a statement indicating that funds managed by Oaktree will convert substantial existing United States debt holdings into a majority of the stock in the reorganized company on exit.
Cash Recyclers are a Game-Changer

When one looks at the hot topics in retail today, no shortage of economists, journalists, industry thought-leaders and technology pundits are talking about the future of payments. One topic that many aren’t really discussing is managing large volumes of cash receivables.