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Junior fashion retailer Mandee has filed for bankruptcy protection under chapter 11. Superstorm Sandy proved to be the last straw on the back of the already distressed retailer. In U.S. court documents, the owners said that store and warehouse damage rendered by the hurricane was too severe to endure, and crippled the retailer just prior to the start of the holiday season. This proved to be too much, as the retailer had narrowly avoided going bankrupt the previous year.
Morgan Stanley's internet and retail research teams led by Scott Devitt just published a big report on global e-commerce, which they project will be a $1 trillion market by 2016. E-Commerce and retail are engaged in a zero-sum game: one company's gain in e-commerce is another's lost retail sales. As such, the team refers to e-commerce in the context of "retail sales disruption." The analysts made five conclusions...
Apple has been pretty hush hush about its search for a new SVP of retail following the unexpected departure of retail boss John Browett. As John Paczkowski of AllThingsD reports, Apple can't afford to make another hiring mistake. So for the last several...
Wet Seal Inc announced that it has entered into an employment contract with John D. Goodman to serve as its new Chief Executive Officer through January 30, 2016. Mr. Goodman will assume his position as Chief Executive Officer on January 7, 2013. He...
Online retailers must design sites that work well and look great on tablets as those devices emerge as a favorite for online shoppers. Designing for tablets include adaptive layouts, touch-sensitive navigation, great images and graphics, and fast load times. Some 25 percent of American's now own and use a tablet computer like Apple iPad, Google Nexus 10, Samsung Galaxy Note, Amazon Kindle, and Microsoft Surface, according to an August 2012 report from the Pew Internet & American Life Project.
The last several years have focused on the omnichannel customer, and this has provoked a series of organizational, process and technology changes. Retail executive teams, led by a customer-centric CEO, are collaborating in a disciplined approach to innovation. This typically entails the definition and execution of a strategic, long-term innovation framework along the lines of IDC Retail Insights Omnichannel Retail Marketing and Commerce Maturity Model. The new rules of retail require that retailers take strategic actions toward satisfying each individual customer's needs rather than on how they position their business for greater scale and growth.
The nation's retailers boosted holiday hiring to the highest level in six years despite worries about the economy, Superstorm Sandy and the presidential election, according to an analysis of government job data by a leading outplacement consultancy. ...
NAPERVILLE, Ill., Jan. 7, 2013 /PRNewswire/ -- OfficeMaxรยฎ Incorporated (NYSE: OMX), a leader in office supplies, technology and services, announced today that it is making cloud service solutions available to customers across its stores and U.S. contract...
Shoppers looking for apparel inspired by the summer sophistication of the Hamptons will want to head to the Banana Republic this spring. The Banana Republic division of Gap has teamed up with designer Michelle Smith to introduce a 60 piece collection of...
Walter Killough will step down as CEO of the 109 unit Deliaโs retail chain on April 1. The retail said it and Killough reached a mutual agreement not to renew his employment agreement which was scheduled to expire on August 2. Plans now call for...