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5 Things All Retailers Should Know About Their Data
February 25, 2013

Retailers are blessed with extensive data about their customers and their shopping behavior. This data comes in the form of offline and online purchase data, extensive email databases, response data, loyalty card databases, direct mail response data, social media data, and website data.  Despite this wealth of information and most retailers' extensive history and expertise in offline modeling, I'm shocked to see that many continue to struggle with merging siloed information and leveraging it across the new digital landscape.

Google Searches for Style With Potential Warby Parker Partnership
February 25, 2013

People wearing Google's glasses are transported to a strange new world in which the internet is always in their line of sight. But for people looking at the people wearing those glasses, the view is even stranger โ€” someone wearing a computer processor, a battery and a tiny screen on their face. In a sign of how acute the challenge is for Google, the company is negotiating with Warby Parker, an e-commerce startup that sells trendy eyeglasses, to help it design more fashionable frames, according to two people briefed on the negotiations who weren't authorized to speak publicly.

Body Central reshapes merchant group
February 25, 2013

Specialty apparel retailer Body Central has transformed its merchandising organization with four high level hires and the departure of former chief merchant Beth Angelo. The operator of 276 stores under the Body Central and Body Shop banners said Angelo...

TAG Heuer finds time to launch e-commerce site
February 25, 2013

SPRINGFIELD, N.J. โ€” Watch maker TAG Heuer has launched its first online shopping boutique. Paying homage to the brand's eight avant-garde retail boutiques nationwide, the new online boutique will mimic TAG Heuer's "lifestyle lounge," which allows...

PPRโ€™s Redcats to Sell Brands to Nordic Capital for $364 Million
February 25, 2013

PPR SA, (PP) the French owner of Gucci, said one of the Swedish buyout firm Nordic Capitalโ€™s funds agreed to buy Ellos and Jotex, two Scandinavian online home and apparel brands owned by its Redcats unit, for an enterprise value of 275 million euros ($364...

Lowe's Q4 comps up 1.9%
February 25, 2013

MOORESVILLE, N.C. โ€” Loweโ€™s reported net earnings of $288 million and diluted earnings per share of 26 cents for the fourth quarter of 2012. As a result of the extra week in 2011, net earnings for the fourth quarter declined 10.6% and diluted earnings per...

Glance is Zapposโ€™ Gamble on Curated E-Commerce
February 25, 2013

Zappos.com built its business on offering staggering selection โ€” first footwear, then adding apparel, accessories and housewares. The 13-year-old e-commerce giant now boasts 127,000 styles (about 40 percent of which are shoes) from over 1,000 brands that generate in excess of $1 billion of revenue annually. But what happens when all that choice becomes as big a pain point as crappy customer service? Since another cornerstone of Zapposโ€™ business model is to provide a stellar shopping experience from browsing to buying, the company had to rethink the way it offers goods for sale.

Myths of Multichannel Retailing
February 22, 2013

According to the annual survey of global shoppers by PwC, based on more than 11,000 shoppers in 11 different countries spanning four continents, the study debunks some of the mythology concerning consumers, retailers and CPG companies. Using a "10 Myths" framework, the report separates fact from fiction to better serve today's multichannel shoppers.

Casual Male Retail Announces Name Change to Destination XL
February 22, 2013

Casual Male Retail Group, Inc. (NASDAQ: DXLG), the largest multi-channel specialty retailer of big & tall men's apparel and accessories, today announced that it will formally change its corporate name to Destination XL Group, Inc. to reflect the Company's...