Tue.Nov 10, 2020

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VF Corporation to Acquire Streetwear Brand Supreme for $2.1 Billion

Retail TouchPoints

VF Corporation will acquire Supreme for $2.1 billion in a deal expected to close this calendar year. Supreme will leverage VF’s expertise and resources, including its global supply chain, to maximize growth. VF is the parent company of Vans , Dickies , Timberland. and The North Face , and the addition of Supreme will offer it ”deeper access to attractive consumer segments” that apply to many of these brands, according to a company statement.

Apparel 299
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What is SKU Rationalization and How Can You Get It Right?

Wiser

One of the clearest signs that a brand is growing is when it can release new products, new variations on the old favorites, and entirely new product lines from the brand. Being in a position to release new products is great, but as your assortment grows, so too does the complexity of your inventory management processes. Keeping track of product performance, profitability, sales volume, and other key metrics become vastly more difficult.

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Five Pandemic-Driven Trends Reshaping Retail CX Strategy

Retail TouchPoints

The COVID-19 pandemic has upended the retail sector. From household name brands declaring bankruptcy, to Amazon consolidating its ecommerce dominance, to curbside delivery options becoming a coveted competitive differentiator across categories ranging from electronics to grocery to fashion, the landscape for retailers looks radically different than it did 12 months ago.

Shipping 290
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4 tips for pain-free POS system migration

Cyber Till

5 mins read Deciding to migrate to a new pos software for your store is never a decision to be made lightly. Here is some advice to consider.

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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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Herman Miller Unveils New Concept Stores in L.A. and NYC

Retail TouchPoints

Design and furnishings retailer Herman Miller has opened its first experiential retail concept store at Westfield Century City in Los Angeles, with a second location to follow at The Shops at Hudson Yards in New York on Nov. 20. These stores are the first brick-and-mortar locations dedicated to selling the Herman Miller high-performance task chairs and products that support the home office and small business worker.

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Astound Commerce designs digital transformation for fashion & lifestyle brand, Hush

Retail Technology Review

Fashion and lifestyle brand, Hush, has broken its daily sales record, with transactions exceeding £1m, for the first time with a new mobile-first ecommerce platform developed in partnership with digital commerce agency and systems integrator Astound Commerce UK.

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UK retailers don’t convert one-off buyers into customers

Retail Technology Review

UK brands and retailers are unable to convert one-time buyers into customers, some pushed online for the first time during lockdown, because they do so little to earn their loyalty.

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Casper Partners with Nordstrom as Part of Multichannel Strategy

Retail TouchPoints

Casper is partnering with Nordstrom to offer its mattresses and sleep accessories online at Nordstrom.com , and in-store at select Nordstrom retail locations. Casper will initially be available at. 31 of Nordstrom’s full-line stores across the country. The mattress brand now has partnerships with 23 leading retailers, in addition to Casper’s 66. owned retail stores and ecommerce channel.

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Target, Ulta Beauty Partner to Launch New Concept In-Store and Online

Retail TouchPoints

Target and Ulta Beauty have announced a strategic long-term partnership to launch a shop-in-shop concept, dubbed Ulta Beauty at Target, that will offer both established and emerging prestige brands online and in select Target locations nationwide beginning next year. Ulta Beauty at Target will debut at more than 100 Target locations starting in 2021, with plans to scale to hundreds more over time.

Shopping 175