Abercrombie & Fitch has booked five straight quarters of same-store sales growth as a result of a turnaround effort that began with changing its image from racy to wholesome. Since 2014, the retailer has also brightened stores, closed underperforming locations and improved merchandise assortments.
Luxury e-commerce company Farfetch has bought sneaker reseller Stadium Goods, in a $250 million deal that illustrates how high-end fashion and streetwear are finding a common audience. "A lot of high-fashion brands want to collaborate with sneaker brands now, and sneaker brands are relying increasingly on high-end shops," Farfetch founder and CEO Jose Neves said.
Aerie, the lingerie brand owned by American Eagle Outfitters, booked a 32% third-quarter sales jump as it continued to win fans among teens drawn to its body-positive marketing messages. The brand's latest campaign features 57 diverse women.
Children's boutiques may have an advantage over other retail segments when it comes to competing in the age of Amazon, in part because parents are anxious to ensure they choose the right products and understand how to properly operate safety seats and other equipment. "People like shopping in these sweet little stores because they like the feeling and the experience," retail consultant Jan Kniffen said.
Luxury fashion e-commerce platform Moda Operandi has hired new executives, including former Burberry executive Puja Clarke, and is focused on growing in Asia and other global markets. The company is expanding efforts to personalize the shopping experience and plans to open a brick-and-mortar boutique in China next year.
Walgreens Boots Alliance has partnered with B-Stock Solutions to create a new portal to auction returned and excess products in bulk. The portal, dubbed Walgreens Liquidation Auctions, joins other similar services offered by major companies, including Amazon.
Since its inception in 2017, the Innovation Lab at NRF's annual convention has featured more than 75 technologies that have changed shopping. With NRF 2019: Retail's Big Show just weeks away, here's a look at where past Innovation Lab exhibitors are now. Read more.
Quality content and a modern warehouse picking system help Sailrite succeed online, says Matt Grant, vice president at the fabric and sewing manufacturer. Sailrite processes about 75% of its orders online.
Retrofitting legacy operational technology assets with sensors can be a cost-effective way for manufacturers to modernize equipment, Linda Rosencrance writes. Retrofitting may have limitations when it comes to cost and capabilities, says LNS Research's Dan Miklovic.
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