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Help may be on the way for stores and landlords chafing at the sales-tax advantages that online retailers enjoy. The Main Street Fairness Act, introduced in the House on Thursday, would level the playing field for brick-and-mortar retailers.
Target plans to hold its grand opening for its first store in Manhattan, in East Harlem, on July 25. Target said the store would feature more space devoted to fresh food, everyday essentials and home basics geared for apartment living.
NRF welcomed the passage of financial services reform yesterday as it contained a provision that should decrease the $20 billion in debit card swipe fees charged annually by the banking industry.
Greenville-based Delta Apparel Inc. has signed a letter of intent and expects to acquire substantially all of the net assets of HPM Apparel Inc. by July 15.
An eBay exec revealed that the company is in the midst of rolling out an application for its eBay Fashion site at the Luxury Interactive 2010 Conference. Although the contents for the application were not disclosed, the company is pushing limited-time designer sale events. In addition, eBay partnered with luxury designer Narciso Rodriguez to collaborate on a collection specifically made for the company.
Mounting job losses and other economic realities caught up with Americans in June, pushing down a key barometer of consumer sentiment after a streak of gains built on glimmers of hope. Some economists say the reality check offered by Tuesday's report from the New York-based Conference Board may not augur well for spending in the critical months ahead. The Conference Board said its Consumer Confidence Index now stands at 49.3, down from its revised May level of 54.8.
Vera Bradley
Neiman Marcus will be completely mobile by fall as part of its multichannel contact strategy to drive long-term growth, according to the company’s top executive who keynoted the Luxury Interactive 2010 Conference. “We will be completely mobile by August with any type of mobile device,” said Gerald Barnes, president/CEO of Neiman Marcus Direct.
One of the first things that Alex Smith did when he took over as CEO of Pier 1 Imports was shut down the company's website. Now, things are looking up and now, Pier 1 is ready to go back online.
Mobile shopping from in-store is just beginning to achieve its promise. Most shoppers are not yet accustomed to turning on and logging in to a retailer’s mobile app when they enter one of its stores. Likewise, retailers are just starting to launch mobile commerce offerings, let alone offer capabilities targeted to in-store shoppers.
