Retail TouchPoints

SEPTEMBER 18, 2020

After instituting two prior rounds of restructuring this year, Walmart announced that it is introducing a “team-based operating model” in its supercenters, which comprise the majority of the chain’s stores at more than 3,500. Associates who move into new roles will receive higher compensation, with approximately 165,000 hourly associates — 11%. of Walmart’s workforce — receiving a boost in wages.

Management 242

Management ATS Store Operations 242

Medallion Retail

SEPTEMBER 18, 2020

If your wallet has ever looked anything like mine, chances are that at one point in time it was loaded with stacks of customer loyalty cards. In those early days of customer loyalty programs, it was on the customer to. The post Customer Loyalty Programs: The Most Effective Tool in Your Marketing Arsenal appeared first on Medallion Retail.

Marketing 52

Marketing Customer Retention ATS Consumer 52

Retail TouchPoints

SEPTEMBER 18, 2020

Coming up with a great product is only half the battle for inventors/entrepreneurs. Often, the real challenge involves getting the ear of retail gatekeepers and convincing them that the new product deserves shelf space. Lowe’s is seeking to create a more direct path to its shelves for SMBs run by diverse — and frequently underrepresented — backgrounds, including women and minorities, via its new “Making It…With Lowe’s” program.

Marketing 212

Marketing Consumer Customer Experience ATS 212

Retail TouchPoints

SEPTEMBER 18, 2020

Rent the Runway is eliminating the unlimited rentals option as it overhauls its membership plans, according to CNBC. CEO Jenn Hyman stated that the changes have been in the works for 18 months, and discussions started before COVID-19. However, the pandemic has accelerated the decision-making process at the company, which has been adjusting to new shopping habits.

Planning 149

Planning Shopping ATS 149

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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.

Management

Retail TouchPoints

SEPTEMBER 18, 2020

Ascena Retail Group plans to sell Catherines to FULLBEAUTY Brands for $40.8 million , according to a bankruptcy court filing. FullBeauty’s winning bid is more than twice the original $16 million offer initially placed by City Chic Collective. FullBeauty itself sped through bankruptcy in less than 24 hours last year, coming up with a plan to cut $900 million of its $1 billion debt to reduce interest payments and kickstart a turnaround.

Payment Services 143

Payment Services Planning Management Store Operations 143

Retail TouchPoints

SEPTEMBER 18, 2020

Following a 29% drop in net sales during Q2, apparel, jewelry and accessories retailer Francesca’s will investigate strategic alternatives ranging from lease deferrals and refinancing to bankruptcy. Francesca’s, which operates approximately 700. boutiques in 47 states and the District of Columbia, experienced a comp sales drop of 5% for the three months ended Aug. 1, 2020, even though this figure excludes sales from boutiques that were closed four or more days per week due to COVID-19.

Boutique 131

Boutique Payment Services Jewelry Accessories 131