News

Men’s Wearhouse Targets Millennials To Drive Growth
The menswear market is hot. Men’s apparel sales in the United States rose 2% in 2014 to $61.3 billion, up from $60.8 billion in 2013.

And Men’s Wearhouse — one of North America’s largest menswear specialty retailers with 1,758 stores — has been taking note.

The retailer is capitalizing on the category’s growth via acquisition-fueled expansion, new designer collections and more customized products and service.
Walmart aims to collect all supplier content
Walmart is appealing to suppliers – even those who don’t sell it merchandise – to share their complete product catalog with the company in the name of providing shoppers accurate, up-to-date and comprehensive information.

The goal of a new pilot program according to a blog post on Walmartlabs.com written by global head of content acquisition, Ram Rampalli, is to solve a universal problem by delivering exceptional product content.

Trending Retailers

Blue Apron. Dollar Shave Club. The RealReal. The Honest Company.
Kohl’s new office price concept now open

Looking for a piece of the growing off-price pie, Kohl's has officially opened its Off Aisle concept in New Jersey.

Kohl’s is testing the off-price waters by opening a discount store in Cherry Hill, N.J., this summer called "Off Aisle by Kohl's."
Pep Boys to consider sale

Philadelphia -- The Pep Boys – Manny, Moe & Jack is reviewing its options.

The chain announced that its board directors has commenced a review of strategic alternatives to enhance shareholder value, including a possible sale, merger or other form of business combination or strategic transaction.
Pier 1 names industry veteran as CFO

Pier 1 Imports has named a former finance executve of Michaels, Kmart and Sears as its new chief financial officer.
Payment service provider accepts digital currency

New York - Computop, a payment service provider (PSP), and Bitnet, a bitcoin payments processor, are launching a strategic technology partnership that allows retailers to accept bitcoin as a payment method on Computop Paygate. Bitcoin is a decentralized digital currency that does not depend on any central authority such as a bank to process or validate transactions.

Retailers will be funded by Bitnet in the local currency of their choice, with the standard transaction flow from Computop Paygate.
Rite Aid hits the road for healthy skin

Rite Aid will be teaming with the Skin Cancer Foundation for the eighth consecutive year to provide Rite Aid customers free private screenings with a local dermatologist volunteer.
Boot Barn seeks to expand omnichannel reach with acquisition

Irvine, Calif. – Boot Barn Holdings Inc. is looking to expand its ability to serve the needs of omnichannel customers with a new acquisition.

The retailer has completed its previously announced purchase of Sheplers Inc. a western lifestyle company with 25 retail locations across the U.S. and a catalog and e-commerce business.
Three solutions to Brighter Return-to-Work Programs

No one wants to get hurt. It is much more preferable to go about our days without the pain, frustration, or aggravation of an injury. Therefore, it comes as no surprise that often immediately following a workplace injury, the first question asked is, “When can I go back to work?” Employers share these sentiments. After all, healthy employees are good for business; however, the path from injury to resuming work duties is not always a smooth one. It can be difficult to balance the concerns of the employer and the injured worker alike.