Steve Dennis

MAY 14, 2020

Said differently, they have more than held their own and the profitability of the channel is likely robust. Department store woes have little to do with Neiman’s problems. It’s easy to throw Neiman Marcus into the mix of the well known, long-standing struggles of mall-based anchor stores. luxury department stores.

Department Stores 173

Department Stores eCommerce Multi-channel Books 173

Retail TouchPoints

SEPTEMBER 4, 2020

According to McKinsey “What consumers value is truly shifting, and so is their channel choice. I do think that] mall traffic and department-store visits will be challenged going forward.”. Consumer spending is ‘overpronating’ massively toward value , and there’s a material flight to online.

eCommerce 156

eCommerce Multi-channel Merchant Services Department Stores 156

ESW

JULY 6, 2023

But as retailers and brands with DTC ecommerce channels know, meeting online customer expectations in an Amazon-dominated environment is challenging to say the least. While this was good news for brands that had or could set up ecommerce channels, it may have accelerated and intensified The Amazon Effect.

eCommerce 139

eCommerce Payment Services Customer Shipping Costs 139

Steve Dennis

JULY 6, 2021

More recently, ebullient stories portend the resurrection of the mall and suggest that department stores are back (narrator’s voice: “Let’s not confuse better with good ”). They are unbundling and re-bundling functions to focus on driving share growth regardless of the channel that gets sales credit. The hybrid supply chain.

eCommerce 148

eCommerce Retail Shipping Costs Multi-channel 148

Steve Dennis

APRIL 3, 2020

Macy’s, the leading US department store chain, is illustrative of this approach. Under CEO Terry Lundgren, Macy’s embarked on a number of major multi-year initiatives to become more customer relevant. Slowing the rate of descent is, in some sense, progress, but without a major change in direction, eventually we still crash.

Multi-channel 160

Multi-channel eCommerce Department Stores Gifts 160

RTP blog

APRIL 22, 2019

The path to purchase has become a complex fusion of multiple channels and devices, and many stores are struggling to keep up. retailers had announced the closure of a record number of stores, with Toys ‘R’ Us announcing 881 closures, Walgreens closing 600 outlets and Sears revealing plans to close 284 stores, according to Statista.com.

Multi-channel 150

Multi-channel Retail Toys Department Stores 150

Kibo

AUGUST 21, 2020

a department store), or it may have a small number of product categories but lots of variety within feature sets of product offerings (e.g. Product recommendations are especially valuable to organizations that have a very large, diverse product catalog. The catalog may be diverse due to a wide array of products (e.g.

Recommendation 62

Recommendation Multi-channel Customer Loyalty Department Stores 62

Steve Dennis

OCTOBER 27, 2021

As has become all too familiar, the moribund department store sector is dominated by huge multi-story formats, most ranging in size between 150,000 – 200,000. Local is nothing like a Nordstrom department store. Shopping isn’t about digital or physical channels, it’s an evolving blend of both.

Department Stores 109

Department Stores Retail Multi-channel eCommerce 109

Steve Dennis

JANUARY 8, 2019

For the most part, the department store sector is boring , characterized by me-too assortments, lookalike environments, rampant promotions and uninspiring customer service. Nordstrom was one of a handful of retailers that understood early on that the customer is the channel and it’s all just commerce. Innovation.

eCommerce 109

eCommerce Retail Multi-channel Department Stores 109

Wiser

OCTOBER 2, 2018

On the other hand , brick-and-mortar retailers and department stores, such as Macy’s and J.C. Promotions that are available on digital channels are also positioned well, as an increasing number of consumers are shopping online. . Which channels are used to deliver the promotions . You should also consider: .

Consumer Electronics 103

Consumer Electronics Multi-channel Electronics Social Media 103

Steve Dennis

MARCH 13, 2017

But the problems in the luxury market go deeper, particularly among the department store players. With e-commerce maturing–and most recent reported gains merely channel shift–unfavorable demographics (see below) and very few new store openings, luxury brands are struggling to replace the customers they are losing.

Retail 76

Retail eCommerce Multi-channel Department Stores 76

Steve Dennis

JUNE 3, 2018

Third, in addition to continuing to expand its successful Sephora in-store shops, Penney’s has added new products and services (including home appliances and mattresses) to attract new customers, drive incremental traffic and improve store productivity. So where’s the beef? Yet the growth hasn’t followed.

eCommerce 92

eCommerce Multi-channel Workshop Department Stores 92

Steve Dennis

JANUARY 19, 2022

While sales rung up in a digital channel will continue to grow much faster than those transacted in a brick-and-mortar location, all the metrics for physical retail in 2021 were strong. US sales achieved record levels. Retail has gone from being largely dualistic in nature, i.e

eCommerce 60

eCommerce Retail Multi-channel Fulfillment 60

Steve Dennis

JANUARY 9, 2018

The department store space is a great example. Well positioned monobrand retailers like Uniqlo, H&M, Primark and Warby Parker also will continue to steal share from less compelling multi-brand stores. In some cases, capacity must come out of the market to create any chance for decent profits to return.

eCommerce 102

eCommerce Retail Multi-channel Channel 102

Sailthru

MARCH 8, 2018

Brands must have seamless integrations between channels and expedited shipping options. Last year, luxury goods conglomerate LVMH launched a multi-brand ecommerce site modeled after Parisian department store Le Bon Marché. How can a brand master the omnichannel experience? Who’s winning?

Omnichannel 60

Omnichannel Social Media Retail Shipping Costs 60

ROI Revolution

OCTOBER 7, 2022

Ensuring consistency throughout any messaging that you test across multi-touch campaigns and various channels is important for a seamless customer experience – and helps to cut out unnecessary confusion that can detract from your presence in-market. 2022 Holiday Ecommerce Trends.

eCommerce 78

eCommerce Payments Payment Services Mobile 78

Payoneer

OCTOBER 22, 2018

The biggest challenge with opening up more contact channels is keeping everything straight and not making customers bounce from team to team to get an answer. This is where a multi-channel helpdesk that organizes customer conversations can help. Keeping the customer front and center pays off in your bank account.

Customer 36

Customer Multi-channel Omnichannel Department Stores 36

Retail TouchPoints

MAY 5, 2021

For example, a bespoke clothing boutique that majors in providing a personal VIP experience may find its UCC functionality constraining in ways that a multi-department store offering clothing lines may not.

Multi-channel 221

Multi-channel Retail Technology Sporting Goods 221

BigCommerce

FEBRUARY 13, 2018

When you factor in the expanded ecommerce selling opportunities through omni-channel retail (like adding Amazon and eBay storefronts to your sales approach, for example), it’s easy to see that now is the best possible time to grow an ecommerce business. Ecommerce (and now omni-channel retail ) has had a major impact on customers.

eCommerce 417

eCommerce Payment Services Small Business Retail Shipping Costs 417

SellBrite

JULY 12, 2019

Just like the department stores of yesteryear and the convenience they offered, shoppers love online marketplaces — so much so, they spent $1.86 In fact, about 1.92 billion people are expected to buy something online in 2019. trillion globally in 2018 !

Shipping Costs 101

Shipping Costs eCommerce Payment Services Subscription 101

Retail TouchPoints

JANUARY 13, 2021

Any retailer can stand out by meeting shoppers’ needs across channels, especially in aspects where others are falling short. CI&T determined the top 10 connected retailers through a multi-step process. For instance, while Walmart’s massive war chest is imposing, the retail giant still came in at No.

Other 287

Other Customer Experience Omnichannel Customer 287

GetElastic

NOVEMBER 29, 2022

The numbers (from the mouths of actual shoppers) help tell the story: Purchase frequency is 250% higher on omnichannel vs. single channel, and the average order value is 13% higher for omnichannel vs. single channel. Customer retention rates are 90% higher on omnichannel vs. single channel. Source: Clout Brands.

Omnichannel 147

Omnichannel Multi-channel Payment Services Outdoor 147

365 Retail

NOVEMBER 8, 2021

As the festive season draws nearer, multi-category online retailer Very continues to build momentum around its Very Best Excuses campaign, with a new 60 second TV ad, launched this week, that celebrates those things we can only get away with at this time of year. ? a multi-media ? all media channels ? advert is part of ?

Multi-channel 84

Multi-channel Gifts Games Online Retail 84

Retail TouchPoints

NOVEMBER 19, 2021

When the first department store opened more than 100 years ago, the goal was to offer a multitude of specialty goods to a large number of people. Today, online stores serve that same purpose, but brick-and-mortar retail remains a powerful mechanism for both buyers and sellers.

Retail 303

Retail Multi-channel Supplies Department Stores 303

ROI Revolution

AUGUST 5, 2021

Claim your copy so you can profit off of this channel’s meteoric rise. Jewelry, lodging, and department stores saw the biggest yearly sales growth compared to the other sectors measured in Mastercard’s SpendingPulse Report. When it comes to large retailers and department stores, 58.2% increase over 2019.

eCommerce 197

eCommerce Social Media Payment Services Merchant Services 197

ROI Revolution

DECEMBER 2, 2021

In-store sales were up nearly 43% over Black Friday 2020, with department stores up 86.4%. Digital emerged more than ever as a channel for consumers looking for home products. Facebook and Google channels drove growth several times that of online stores. of consumers say they shop in-store, while 31.9%

eCommerce 148

eCommerce Social Media Payments Payment Services 148

ROI Revolution

JULY 1, 2021

Claim your copy so you can profit off of this channel’s meteoric rise. In this expert webinar , you’ll uncover insights like: Full-funnel marketing strategies to optimize your brand across paid media channels and your website. month-over-month in April while department stores saw 68.2% July 1 update. sales growth.

eCommerce 148

eCommerce Social Media Payment Services Merchant Services 148

ROI Revolution

JANUARY 5, 2022

In-store sales were up nearly 43% over Black Friday 2020, with department stores up 86.4%. Digital emerged more than ever as a channel for consumers looking for home products. Facebook and Google channels drove growth several times that of online stores. of consumers say they shop in-store, while 31.9%

eCommerce 78

eCommerce Social Media Payments Payment Services 78

ROI Revolution

MARCH 2, 2021

As COVID-19 shut down traditional sales channels for many B2B brands in 2020, the value of digital transactions grew 9.6% department stores may not survive the pandemic. Will the pandemic be the end of department stores? The mall-based department store is in its last stages. ”. March 2 update.

eCommerce 195

eCommerce Social Media Payment Services Merchant Services 195

ROI Revolution

JUNE 1, 2021

In light of the COVID-19 pandemic, 70% of brand decision-makers say they had to reprioritize their marketing channels or rethink their channel strategy. Email will be the top channel that brands use to communicate with customers and prospects in 2021, though voice search and ads are also making their way up the ladder.

eCommerce 158

eCommerce Social Media Payment Services Merchant Services 158

ROI Revolution

NOVEMBER 4, 2021

Digital emerged more than ever as a channel for consumers looking for home products. Facebook and Google channels drove growth several times that of online stores. Overall digital sales are expected to grow 20% in 2021, and online was an extremely profitable channel for apparel brands last year. billion in 2020.

eCommerce 78

eCommerce Social Media Payments Payment Services 78

ROI Revolution

OCTOBER 7, 2021

Facebook and Google channels drove growth several times that of online stores. Overall digital sales are expected to grow 20% in 2021, and online was an extremely profitable channel for apparel brands last year. When it comes to large retailers and department stores, 58.2% Online spending continues to bounce back.

eCommerce 78

eCommerce Social Media Payments Payment Services 78

ROI Revolution

OCTOBER 1, 2020

department stores may not survive the pandemic. Will the pandemic be the end of department stores? Department stores have held strong to their fashion and apparel categories, but with apparel sales in a free fall across the board, many department stores are hurting as a result of COVID-19.

eCommerce 193

eCommerce Payment Services Merchant Services Small Business Retail 193

ROI Revolution

SEPTEMBER 2, 2021

Jewelry, lodging, and department stores saw the biggest yearly sales growth compared to the other sectors measured in Mastercard’s SpendingPulse Report. But with pandemic restrictions subsiding and in-store shopping making a return, will consumers’ preference for digital continue? increase over 2019. Ecommerce was up 8.3%

eCommerce 78

eCommerce Social Media Payment Services Payments 78

ROI Revolution

NOVEMBER 4, 2020

department stores may not survive the pandemic. Will the pandemic be the end of department stores? Department stores have held strong to their fashion and apparel categories, but with apparel sales in a free fall across the board, many department stores are hurting as a result of COVID-19.

eCommerce 158

eCommerce Social Media Payment Services Merchant Services 158

ROI Revolution

DECEMBER 3, 2020

department stores may not survive the pandemic. Will the pandemic be the end of department stores? Department stores have held strong to their fashion and apparel categories, but with apparel sales in a free fall across the board, many department stores are hurting as a result of COVID-19.

eCommerce 156

eCommerce Social Media Payment Services Small Business Retail 156

ROI Revolution

SEPTEMBER 9, 2020

department stores may not survive the pandemic. Will the pandemic be the end of department stores? Department stores have held strong to their fashion and apparel categories, but with apparel sales in a free fall across the board, many department stores are hurting as a result of COVID-19.

eCommerce 147

eCommerce Payment Services Merchant Services Small Business Retail 147