David’s Bridal has laid off approximately 9,000 workers and filed for Chapter 11 bankruptcy protection as it evaluates its strategic alternatives, including a potential sale. The retailer’s stores will remain open and its ecommerce operations, including the Pearl by David’s platform and vendor marketplace, will continue operating during the proceedings. The wedding retailer also expects…
Taking as her mantra that “retail is based on everything that the consumer experiences with you,” Madison Reed CEO and Founder Amy Errett is optimistic about continued growth for the hair coloring retailer and salon operator. Madison Reed opened 30 new Hair Color Bars in 2022 for a current total of 85 stores, a figure…
Five years ago, the retail experiences we see in stores today would have been unrecognizable. With accelerated customer expectations forcing retailers to think creatively, customer engagement strategies are on the rise. With refreshed apps, streamlined loyalty programs and experimental presences in-store and in the metaverse, retailers have gone above and beyond to entice and retain…
One of the harshest truths about running an online business is that web traffic doesn’t always translate into sales. And as any store owner who sells wholesale goods will tell you, there are few things more soul-crushing than seeing their website fail to make conversions despite getting plenty of visitors. But does your store’s less-than-stellar…
American Eagle Outfitters and ThredUp have launched RE/AE, a resale shop for secondhand and exclusive vintage American Eagle clothing, located at ae.thredup.com, curated by American Eagle and powered by ThredUp’s Resale-as-a-Service (RaaS). Additionally, American Eagle has partnered with Snapchat for a pop-up shoppable AR Lens showcasing select styles from an inaugural 200-piece RE/AE collection. RE/AE…
Executives at Rent the Runway are describing the company as on a “path to FCF [free cash flow] profitability” following a strong fiscal 2022, which ended Jan. 31, 2023. Rent the Runway generated $296.4 million in revenues, a 46% increase YoY from the $203.3 million in FY21 revenues, and cut its net loss from $211.8…
Express and owner WHP Global have entered a definitive agreement to acquire Bonobos from Walmart for a combined purchase price of $75 million, including $50 million for the Bonobos brand and $25 million for the operating assets and related liabilities of the Bonobos business. The deal marks the first joint acquisition made by WHP Global…
Amazon is adding convenient payment options to 11 Whole Foods Markets in the Denver area with the rollout of its Amazon One palm recognition solution. Additionally, the SouthGlenn, Colo. store will soon offer the Amazon Dash Cart, a smart shopping cart that lets shoppers skip the checkout line altogether. Shoppers can use the Amazon One…
These days it seems that facilitating discovery is the holy grail of ecommerce. Countless companies both big and small — including Meta, Pinterest and Google — are trying to tackle the challenge of making shopping online more like shopping IRL, where inspiration can strike at any moment and from any direction. One of the newest…
Effective sales training is crucial for success in today’s fast-paced retail environment. Training has never been more critical as shoppers pause and rethink purchases they would have impulsively made just a few years ago.
