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Costco, Nordstrom And Abercrombie Results Showcase Retail Fortunes Across Three Verticals

Retail TouchPoints

The initial stock-up period at the beginning of the pandemic tapered off in April as customers sheltered in place. Nordstrom, like many other department stores, had a much weaker quarter: overall sales fell 40% , with full-price locations dropping 36% and the off-price division declining 45%. Costco posted a 7.3%

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Retail Logistics: Boosting Efficiency and Productivity

Retail TouchPoints

This process often consumes a substantial amount of labor, time and cost, accounting for 50%-75% of total operating expenses in a typical retail store. Lampa has a 30-year history in robotics and manufacturing, with previously held executive management positions at ABB, KUKA Roboter and Cargotec.

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Simon Calls Off Merger With Taubman, Citing Impact Of COVID-19

Retail TouchPoints

The merger agreement specifically gave Simon the right to terminate the transaction in the event that a pandemic disproportionately hurt Taubman,” according to a Simon statement.

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Extended COVID-19 Crisis Could Force Tailored Brands Into Bankruptcy

Retail TouchPoints

Tailored Brands is taking multiple steps to maintain its operations, including accessing $310 million of additional borrowing from its credit facility; aggressively reducing and deferring operating expenses, capital expenditures and inventory purchases; and seeking extended payment terms with its suppliers, vendors and landlords.

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How retail outlets can keep costs down

Retail Focus

According to a recent study, the costliest in-store operating expenses are labour, rent, marketing and energy so these are great places to start when looking to cut costs. Although this might seem costly at first, the energy savings over time will add up and help to reduce the cost of your energy bill.

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Ancora Holdings Calls for New Kohl’s CEO and Chairperson Following Rejected Acquisition Offers

Retail TouchPoints

The offers had valued Kohl’s at $65 and $60 per share, respectively, well above the current share price of $27.50. Gass has been a C-level leader at Kohl’s since 2013 — and TSR is negative over that period as well. Ancora is one of several activist investors that has been pushing for change at Kohl’s. The fact is that Ms.