Tag: retail
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Saks is in a luxury pickle
Previously in retail news, Saks acquired Neiman Marcus. The two struggling luxury department stores were in dire straits on their own. And now together, Saks Global needs a turnaround. There a multiple lawsuits as brands are still seeking payments for product that never came through. Bankruptcy is looming It doesn’t bode well for the future…
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It’s not about you
Full price strategy. Price increases. In this economy? Yes, and with their whole chests. Brands are unashamedly moving forward with full and higher price strategies despite this uncertain economic climate. Many consumers have become more price sensitive, decreasing how much they spend as they brace for the impact of tariffs. In the face rising food…
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No to the customer
There’s account that I have gotten a lot of amusement out of lately. The creator’s name is Kaeli. She recounts funny stories from her career in retail. In her last video, she said the thing she had promised she would say on her last shift: No. No to the customer who entered the store and…
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Walgreens loss prevention had them losing even more
It seems that Walgreens extreme loss prevention methods made things even worse. The drugstore chain reported a $245 million loss as a result of the efforts. The CEO didn’t provide any additional details, beyond they would be working on creative efforts to turn things around. In reporting on this story, Regina Cho covered what people…
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Is this the solution last minute shoppers have been waiting for?
I was on the Valentino webpage, as us nonwealthy do from time to time. I noticed they were promoting an option for a virtual gifting experience: 4Gift. As they put it, it gives you the option to give your recipient an instant digital unboxing, meaning you don’t need to worry about shipping delays. They get…
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Is retail back?
Over the past year, there was a 4% increase in retail sales. 4% might seem like an insignificant figure, but factor in the losses that happened as a result of the pandemic and rise of online shopping. An increase is still an increase. My question then is “Is retail back?” The reporting by WWD didn’t…
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Let’s think about the proposed tariffs on Chinese exports to the U.S. a different way
So, regardless of where you fall on the political spectrum, the recent U.S. election results will have ripple effects. For the fashion industry, they will really feel it if the proposed tariffs on Chinese exports come to pass. There are multiple brands that rely on Chinese manufacturing for their goods. The question remains whether or…
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Gentle Monster and and artful shopping experience
If you are headed to New York, you have plenty of museums to fill your art desires. But maybe heading into a sunglasses store will fill that bucket for you as well. I bring to you Gentle Monster. Yes, I suggest you should visit a sunglasses store. Yes, you are a work of art and…
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Yet another retail theft event
Recently, LAPD arrested multiple suspects following a flash robbery of stores in local shopping area. The thieves made way with $1000s worth of product in just minutes. There was coverage of the arrests made and how family members helped recognizing a loved ones. There is a focus on the criminals and fighting crime. The thing…
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The other side of story on “those” Amazon resellers
She lived in a mansion, put her kids in private schools. She was a self-made multimillionaire, and entrepreneur if you will. The problem is that it was definitely ill-gotten gains, accrued by selling shoplifted makeup on an Amazon storefront. You likely heard of the story, and the overall rise in organized retail crime. I’m not…
A Wren Says 