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Etsy is launching a wholesale marketplace, telling users it can't move forward as a one-size-fits-all platform. The move is hardly a shock. Etsy acquired Trunkt in May and appointed its founder, Dev Tandon, to head its wholesale business. Yet last Thursday's announcement of Etsy Wholesale probably came as a surprise to many Etsy users. Etsy explained that wholesale "means selling larger quantities of your goods at a discount to "members of the trade (e.g., boutique owners, buyers for major retailers like West Elm, museum gift shops, etc.)."
WAYNE, N.J. , Sept. 25, 2012 /PRNewswire/ -- In preparation for its busiest time of year, Toys"R"Us ® today announced plans to hire 45,000 seasonal employees to staff its stores and distribution centers across the country this holiday season. This number...
WASHINGTON, DC—Sept. 25, 2012—Mobile barcodes and direct mail will drive retail sales this holiday season, so marketers looking to boost revenue while saving money should consider the 2012 Holiday Mobile Shopping Promotion, now open for registration at...
Retail marketers are spending most of their time building their brands and driving sales, and aren't as focused on engaging customers or building customer loyalty, finds RSR Research in a September report. Asked to rank various priorities according to how much time their company's marketing department spends on each activity, 29 percent said building the brand was their highest priority, matched by the 29 percent who said driving sales was their top priority.
LOS ANGELES -- Staples Inc. is speeding up store closures, shaking up management and boosting its online business as the office-supply chain implements a multiyear plan to cut costs. The Framingham, Mass.-based company is looking to save $250 million,...
Minneapolis -- Contradicting claims that showrooming undermines retail sales, new survey results from loyalty management company Aimia revealed that showroomers exhibit more loyal behavior than non-showroomers, making them an ideal target for retailers....
As the tablet wars ratchet up for the holiday season, mass merchants are kicking the competition off the shelf. Wal-Mart is dropping the Amazon Kindle (and all Amazon.com products). That follows Target's spring dismissal of Amazon and its Kindle as the online retailer becomes ever-more competitive. Now, Toys"R"Us, encouraged by the hot-selling children's tablet it sold exclusively last year, is introducing its own branded tablet and ditching Nabi, leaving the next-generation Nabi 2 to be sold by Amazon, Best Buy, Target and Wal-Mart.
There's a new outfit from Victoria's Secret's "Go East" collection that's getting blasted by critics for crossing the line from theme-wear to offensive. "Sexy Little Geisha" is a skimpy teddy, advertised as a "ticket to an exotic adventure … with flirty cutouts and Eastern-inspired florals." The lingerie company has since redirected users looking for the product's page, along with the rest of the "Go East" collection, to the site's main homepage.
Facebook is working with a data mining firm to show marketers that consumers who see ads on the social network actually buy advertised products. The company has purchased data on 70 million U.S. households from Datalogix, which culls information from loyalty cards and programs from more than 1,000 retailers, according to The Financial Times. Datalogix matches emails and data associated with those cards and programs with emails and information required to set up a Facebook account, according to the report. Using this information, the company can say whether a consumer purchased an item after seeing it advertised on Facebook.
By the end of fiscal 2013, nearly half of Pier 1's CapEx spending will be allocated to technology and infrastructure investments, including a new POS system, e-commerce site, mobile site and loyalty rewards program.