Wed.Dec 09, 2020

article thumbnail

David’s Bridal Launches Loyalty Program That Invites Whole Wedding Party to Participate

Retail TouchPoints

David’s Bridal has introduced its Diamond loyalty program, a tiered offering with rewards ranging from coupons to curated goodie bags to a free honeymoon or getaway. The program also lets brides’ friends and family contribute to her total with their own purchases, to help them earner bigger rewards faster. Diamond is free to join and grants users a point for every dollar spent at David’s Bridal.

article thumbnail

The Unboxing Experience Trend And Why Product Startups Should Care

Retail Bound

The street shopping experience has been marching toward an inevitable demise for some time. The events of 2020, with the COVID-19 pandemic forcing numerous offline enterprises to close their doors for good, have merely danced on its grave. The online realm is increasingly becoming the exclusive domain of shopping and with it the unboxing experience that brands provide.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

JCPenney Completes Sale to Simon and Brookfield, Exits Bankruptcy

Retail TouchPoints

JCPenney has completed its previously announced sale to mall operators Simon Property Group and Brookfield Asset Management, which have acquired substantially all of JCPenney’s retail and operating assets. The retailer filed for Chapter 11 bankruptcy protection in May 2020, with plans to close 242 stores during the restructuring process, including 192 in fiscal 2020 (ending Jan. 30, 2021).

article thumbnail

How to Solve Out-of-Stocks (While Reducing Inventory)

Retalon

Solving Your Out-of-Stock Problem Once and for All. While inexperienced retailers may celebrate completely selling out of stock — retailing professionals know that out-of-stocks can be disastrous for a retail organization, both in the short and long-term. In the short-term, an out-of-stock causes lost sales (you can’t sell what you don’t have) and disappointed customers.

article thumbnail

From Data to Decisions: Maximizing Retail Potential with AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and guest speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

article thumbnail

After 70 Years, IKEA Disassembles Both Print and Digital Catalogs

Retail TouchPoints

In what the company termed an “emotional but rational” decision, Inter IKEA Systems B.V. , the worldwide IKEA franchisor, will discontinue both the paper and digital versions of its catalog. The Swedish print version debuted in 1951, with 285,000 copies distributed in southern Sweden. The digital version debuted in 2000, and at its peak in 2016, 200 million copies were distributed in 69 different versions, in 32 languages and to more than 50 markets.

article thumbnail

How to Solve Out-of-Stocks (While Reducing Inventory)

Retalon

Solving Your Out-of-Stock Problem Once and for All. While inexperienced retailers may celebrate completely selling out of stock — retailing professionals know that out-of-stocks can be disastrous for a retail organization, both in the short and long-term. In the short-term, an out-of-stock causes lost sales (you can’t sell what you don’t have) and disappointed customers.

article thumbnail

Marketers Need to Rethink Strategies for Attracting Younger Generations

Retail TouchPoints

While younger generations were more digitally equipped to accommodate the demands of the pandemic, financially they’ve been hit the hardest. Euromonitor predicts the average global gross income of people between ages 25 and 29 will decline by 49% in 2020. As a result, marketers need to work harder to sell to young Americans. Budget constraints have led to a shift in spending patterns and shopping behavior.

Marketing 152