Tue.Nov 17, 2020

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‘RC Capsule’ Creates Real-World Retail Test Lab in Historic Rockefeller Center

Retail TouchPoints

Rockefeller Center has launched a new retail initiative, RC Capsule, bringing together retail, real estate and technology in a program that offers independent brands the ability to test brick-and-mortar concepts with pop-up spaces. The initiative allows brands to lease turnkey, pre-wired spaces for six-month terms and to work with Rockefeller Center on creating unique retail experiences.

Boutique 272
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What’s the Difference Between Line Extension and Brand Extension?

Wiser

Growth is the name of the game in retail and it is only possible by experimenting over time to match your offerings with evolving customer needs. There are two distinct ways of branching out: line extension and brand extension. They have different benefits and risks, but they both help brands offer new products to new and existing customers. Below we define both marketing concepts, compare and contrast them, and break down ways that you can get the data you need to move forward with these strate

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Francesca’s to Close 140 Stores as Retailer Eyes Potential Bankruptcy Filing

Retail TouchPoints

Francesca’s plans to close approximately 140 stores by Jan. 30, 2021, according to a filing with the Securities and Exchange Commission. As a result of the closures, Francesca’s expects to incur total impairment charges of $29 million to $33 million. The apparel and accessories retailer also is evaluating various alternatives to improve its liquidity and financial position such as further lease concessions and deferrals, further reductions of operating and capital expenditures and raising additi

Apparel 226
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Reaching Today’s Digitally Burned-Out Consumer

Medallion Retail

It’s hard to believe that our lives have been almost entirely digitized for eight months. Waking hours are spent in the same place (preferably in sweatpants), in front of the same screen, and a once-welcome routine now begs for change. The post Reaching Today’s Digitally Burned-Out Consumer appeared first on Medallion Retail.

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Get MACH Ready: Preparing Your Business for Digital Transformation

Adopting MACH technology means more than implementing new platforms. This type of digital change affects your organization at every level and requires a thoughtful approach to navigate challenges that crop up. The Get MACH Ready report, co-authored by MACH Alliance member Scott Canney in collaboration with Orium, commercetools, and Contentstack, will provide you with strategies to prepare your organization for a digital transformation.

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Amazon Launches Prescription Delivery Service Offering Discounts to Prime Members

Retail TouchPoints

Amazon has launched Amazon Pharmacy , a prescription delivery service that lets shoppers complete an entire pharmacy transaction through the Amazon App and includes special discounts and unlimited two-day delivery for Prime members. Amazon Pharmacy offers Prime members up to 80% off generics and 40% off brand-name medications when they pay without insurance.

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Walmart depart Japan – What Went Wrong?

Nelson Blackley

With a population of 127 million, an extremely high per capita income and still one of the world’s largest economies, Japan has been an attractive overseas market for retailers since the 1990’s. However, Walmart has now become the latest foreign retailer to retreat from Japan. Walmart Inc. is selling most of Japanese retailer Seiyu to KKR & Co. and Rakuten Inc. in a deal that values the supermarket chain at 172.5 billion yen ($1.6 billion), as the U.S. giant retreats from its two-decade atte

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Retailers reminded to focus on e-commerce H&S as England enters second lockdown

Retail Technology Review

With a second national lockdown forcing shoppers online this winter, compliance authority Bureau Veritas is reiterating to retailers and logistics firms extending their e-commerce capacity to put in place the extra health, safety and hygiene measures this inevitably requires.

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Guitar Center Plans Bankruptcy Filing, Mulls Potential Store Closings

Retail TouchPoints

Musical instrument retailer Guitar Center has entered a Restructuring Support Agreement (RSA) with its key stakeholders that the company expects will include a voluntary filing for Chapter 11 bankruptcy protection. Supermajorities of the company’s noteholder groups have committed to vote in favor of the RSA plan, which Guitar Center forecasts will be completed before the end of 2020.

Planning 163