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Lord & Taylor, Men’s Wearhouse Parent Declare Bankruptcy

Retail TouchPoints

A joint venture of Hilco Merchant Resources and Gordon Brothers is conducting the liquidation. The remaining Lord & Taylor stores continue to operate as Lord & Taylor owner Le Tote Inc. The clothing rental subscription service purchased Lord & Taylor from Hudson’s Bay Company in November 2019.

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The Home Depot Promotes Insider to President and COO

Retail TouchPoints

As the company’s chief merchant, he has been responsible for all store and online merchandising departments, merchandising strategy, services and vendor management, marketing and in-store environment. Michael Rowe has been promoted to President of The Home Depot Canada.

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Dollar General promotes 18 executives

Mass Relators

In this role, she will continue to support DG’s store operations team, which now encompasses more than 20,000 retail stores including pOpshelf and Mexico. . — Dollar General has promoted 18 executives to new roles at the company. Leslie Allen Leslie Allen has been promoted to senior vice president, human resources.

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Consumers Turn to BNPL, BOPIS to Cope with Rising Prices and Supply Chain Uncertainty

Retail TouchPoints

A recent report from the payments and shopping service Klarna found that 34% of shoppers actually plan to spend more on gifts this year than last year, with Gen Z ( 57% ) and millennials ( 53% ) more likely than other age groups to expand their budgets. However, BNPL is now neck-and-neck with store credit cards at 13%.

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Retail Sales Grew 3% Over Extended Holiday Purchase Period — And the Season Isn’t Over Yet

Retail TouchPoints

There were fewer last-minute shoppers in 2020 compared to 2019,” said Hilding Anderson, Senior Director of Strategy & Consulting at Publicis Sapient in an interview with Retail TouchPoints. “ 3 shopping day in 2019. Contactless Services Can Soothe the Bite of Remote Returns. 11 through Dec. 24, 2020), or 2.4% 1 through Dec.

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Grocers need a long-term, scalable e-commerce platform

Mass Relators

merchants, up 14.2% increase over 2019 — representing the highest annual online sales growth ever, the Commerce Department reported. The solution must also enable retailers to fulfill from store shelves, warerooms, dark stores and central fulfillment centers. Consumers flocked online for essential purchases, adding $102.08

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More Private Label, Smaller Store Footprints: How COVID-19 Is Accelerating Existing Retail Trends

Retail TouchPoints

Mass merchants in particular have benefited from this change: private label sales in the segment have increased by 41% over the past five years , approximately 4X higher than overall private label growth. in 2014 to 40% in 2019. COVID-19 Creates The Foundation For Private Label Renaissance. over the past three years. growth rate.