Retail TouchPoints

MAY 29, 2020

Costco reported a successful quarter, while Nordstrom and Abercrombie discussed plans to handle the fallout. 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% jump in e-Commerce sales.

Department Stores 153

Department Stores Operating Expenses Store Operations Apparel 153

Retail TouchPoints

MARCH 24, 2021

Destination XL, which operates the DXL Big + Tall and Casual Male XL brands and ecommerce sites including dxl.com, has pivoted its operations to recover from the pandemic. Efforts include adjusting its product assortment, negotiating relief in occupancy costs and restructuring its operating expenses.

Operating Expenses 180

Operating Expenses Apparel Returns Planning 180

Retail TouchPoints

DECEMBER 4, 2023

Bringing the Bottom-Up Perspective into Focus CollaboMation strives to connect human workers with shop floor technology, creating a smooth interface that harnesses shop floor analytics and bridges any existing gaps that may disrupt operations. However, these solutions provide only a top-down perspective, missing the on-the-ground reality.

Operating Expenses 242

Operating Expenses Shipping Accounting Shopping 242

Retail TouchPoints

JUNE 12, 2020

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.

Payment Services 133

Payment Services Operating Expenses Fulfillment Planning 133

Retail Focus

MAY 18, 2021

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. Cutting costs is a great way to increase the profit margin for a business; however, not all cutting of costs will result in a happy ending.

Payment Services 147

Payment Services Customer Retention Operating Expenses Marketing 147

Retail TouchPoints

SEPTEMBER 22, 2022

Unfortunately, the facts indicate Kohl’s lacks the right leadership for the exceedingly challenging period ahead — one that will require the Company to reverse high-single-digit sales declines, contain capital expenditures and operating expenses, and immediately optimize fulfillment, marketing and merchandising.”. Net sales fell 8.5%

Operating Expenses 251

Operating Expenses Fulfillment Management Accounting 251