When it comes to office wear, the trends are inescapable: Once businesspeople were expected to wear only tailored suits. Then …
Men Ditch Suits, and Retailers Struggle to Adapt
29 Monday Apr 2019
Posted in Chapter 13: Buying Merchandise
Author Archives: Retailing Management
Target Updates App After Pricing Dispute
25 Thursday Apr 2019
Posted in Chapter 14: Retail Pricing
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Dynamic pricing offers great promise. It ensures that consumers get the lowest price if they are willing to sacrifice some …
TidBit: Calvin Klein Says Designer Fashion Is Over
22 Monday Apr 2019
Posted in Retail Tidbits
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In the fashion industry, the power of the halo effect has remained nearly unquestioned: Fashion brands introduce cutting-edge, daring looks …
Retailers Woo Customers with Shaky Credit
18 Thursday Apr 2019
Posted in Chapter 07: Financial Strategy
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Credit providers traditionally seek out good credit risks—people with a strong track record of paying back loans and sufficient income …
Rent the Runway and West Elm Partner to Rent Customers Home Decor
15 Monday Apr 2019
Expanding beyond the designer gowns and fashionable work clothes that have established it in the market, Rent the Runway is …
New Job for Robots: Taking Stock for Retailers
10 Wednesday Apr 2019
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For big retailers, operating in omnichannel environments, accurate inventory assessments would require nearly constant reviews by human staffers—and even that …
Walmart Toughens Delivery Demands for Suppliers
09 Tuesday Apr 2019
Performance metrics are most effective when they are specific. Accordingly, Walmart is changing the way it assesses, rewards, and penalizes …
Markdowns Cost Retailers $300B Last Year
27 Wednesday Mar 2019
Markdowns help retailers move merchandise, especially seasonal or fashion items that are unlikely to sell at their full prices anymore. …
TidBit: IKEA Accelerates Services Drive as Competition Stiffens
20 Wednesday Mar 2019
Posted in Chapter 18: Customer Service, Retail Tidbits
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The first acquisition IKEA ever made was one that might seem antithetical to its essential value proposition. It purchased TaskRabbit, …
Tycoon of the Pre-Owned
14 Thursday Mar 2019
Posted in Chapter 06: Retail Market Strategy
The RealReal is determined to make luxury part of the circular economy. Taking in high-end fashion and accessories from their …