Does the Historic Makeover of an Iconic Paris Retailer Chart a Path for Department Stores’ Revival?

Retail Touch

For more than 150 years, Parisian department store La Samaritaine has overlooked the banks of the Seine, a sweeping expanse of glass and intricately painted iron that proudly proclaimed the store’s position at the center of French commerce, both geographically and ideologically.

Bloomberg: Belk Will Pursue Bankruptcy to Restructure $2.6 Billion Debt

Retail Touch

Belk is reportedly nearing a deal to file for bankruptcy, with plans for Sycamore Partners to hand ownership of the retailer to its lenders, people familiar with the matter told Bloomberg. News Briefs Store Operations bankruptcies Belk sycamore partners

Insiders

Sign Up for our Newsletter

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

Physical Retail Helps Online: ‘Halo Effect’

OrderDynamics

Physical Retail Helps Online: ‘Halo Effect’ We have all read about the battles between the physical store and e-commerce. So too is the storyline in retail. Or is it that physical retail helps online… and vice versa? Retail’s Battle? Headlines that grab our attention scream: Stores are Being Hit by Online Retailing (Economist). What the Amazon Effect Means for Retailers (Forbes).

Debenhams closing all its stores’ doors after 242 years

Retail Wire

Debenhams is closing the doors on its last remaining department stores on May 15, The retailer, founded in London in 1778, began liquidating in December. Boohoo, which acquired Debenhams in January plans to continue have it operate as an online retailer Debenhams, which struggled prior to the pandemic, found the effects of shutdowns imposed in the UK, were too much for it to continue operating.

Nordstrom Takes Stake in Topshop Brands, Launches Joint Venture with ASOS

Retail Touch

department store chain and British online retailer aim to “redefine the traditional retail/wholesale model.”. since 2012 when it became the first retailer to bring the brand to the U.S.

Saks.com Spin-Out: Genius Move or Opportunistic Folly?

Steve Dennis

is planning to split its online and brick-and-mortar operations into two companies, and then take Saks.com public, immediately strikes me as one of the dumbest strategic decisions I have heard in a long, long time. The Bay has long suffered from the woes of unremarkable department stores.

The Future of Retail is 3D

Retail Touch

The repercussions to the traditional retail sector in the wake of the COVID pandemic are well documented and experienced far and wide. Right now, most people buying products online base their purchasing decisions on photographs and often, reviews from other shoppers.

21 Sessions, Presentations and Workshops You Can’t Miss at IRCE 2018

BigCommerce

IRCE – the Internet Retailer Conference & Exhibition – is an annual event held in June in Chicago, Illinois. New business models are taking the traditional retail world by storm. By embracing SaaS technology and emerging trends, Natori is on pace to earn a new generation of consumers – ones who buy from their site, not just in department stores. Traditionally B2B retailers are going direct to consumer. Learn more about the nuances of B2B online selling.

Why Data-Driven Decision-Making Will Define the Future of Retail

Retail Touch

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.

What Are Product Recommendations?

Kibo

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. an eyeglass retailer).

The History of Ecommerce: What The Past Says About Tomorrow’s Retail Challenges

BigCommerce

Globally, ecommerce growth projections are also on an upward trajectory: They show that retail sales may exceed $4.058 trillion by as soon as 2020. Shoppers spend 36% of their budget online on average ( BigCommerce ). But what’s exciting about this is that there’s still so much opportunity within the online marketplace. Department of Commerce data shows that ecommerce sales currently average about 9.1% of total retail sales. How To Sell Online

Further Evolutions In Retail: All In For Experiential Retail

Retail Touch

It is hard to imagine a worse time for brick-and-mortar retail. Already challenged with diversifying against an e-Commerce alternative, stores have now lost their one remaining hook as shoppers are unable or unwilling to venture in. What are local stores doing to stay viable?

Retail vs. eCommerce: Has the Tide Turned For Good?

Retail Minded

It’s hard to ignore the impact Covid-19 has had on eCommerce, retail, and shopping behavior worldwide. Many experts believe the shape of the retail industry has fundamentally changed forever , with more businesses going fully digital and online purchases hitting record highs.

Four eCommerce challenges from 2019 and what we can learn from them

PFS

But, the outlook for retailers is not entirely bleak. In fact, eCommerce sales continue to drive retail forward, with recent reports suggesting sectors such as Health & Beauty continuing to see growth despite challenges in the marketplace.

7 Hot Takes On The Death Of Traditional Physical Retail

Demac Media

So far in 2017 store closing announcements have increased 97% year-over-year. Malls are emptying, brands are going bankrupt, and retail workers are losing their jobs by the million. Does this spell the death of traditional physical retail? Before jumping to any conclusions, check out these recent hot takes from the experts on the rise of online shopping, and the move away from in-store purchasing. The Historic Tipping Point of American Retail.

Vend 36

The 10 Greatest Moments of Our Fireside Chat with Mary Portas

ChannelAdvisor

We had the pleasure to hear British TV celebrity and retail expert Mary Portas speak at Catalyst Europe last month in Manchester. In her lively chat with Adam Joseph, director of client success at ChannelAdvisor, Portas explored many topics affecting brands and retailers, including the digital revolution and changing consumer behaviors. Creativity in Retail. The Evolution of Retailing. Advice for Small Retailers. The Future of Online Retail.

Optimize, Connect and Grow With the Spring 2017 Expanded Product Suite

ChannelAdvisor

According to the US Census Bureau, consumer spending in 2016 grew 16% YoY to a whopping $550 billion, and while traditional department stores saw a downturn in sales, online retailers grew by almost 11%. Brands and retailers are now faced with the challenge of optimizing the steps needed to reach customers when, where and how they shop. As industry leaders, it’s our goal to help brands and retailers get closer to the consumer path to purchase than ever before.

Inside the Overlap Between Omnichannel and Personalized Experiences in Retail

Sailthru

As the world’s largest retailer and online retailer go head to head in a battle of Goliath and Goliath, one thing is clear: Omnichannel has become the white whale for retailers. The research firm graded the brands based websites, store locators, fulfillment, ecommerce, email, mobile, and social media. Leader brands are lauded for making discovery effortless and sync local store inventories to checkout pages.

How Retailers Exceeded Expectations with Click-and-Collect

Sailthru

Consumers shopped online. And then when they headed to pick up their purchases at stores, they bought even more. National Retail Federation and Commerce Department Report Better-Than-Expected Holiday Season Sales. Americans spent 5.5 % more from November through December than they did during the same time in 2016, reports the National Retail Federation (NRF). The Commerce Department also showed an increase of 0.4% growth for online for 2017.

How to Create Winning Black Friday Promotions

Wiser

This past Black Friday was another excellent reminder of what works and what doesn’t during this critical holiday season for brands and retailers. . According to Adobe Analytics, more than $5 billion was spent online alone on Black Friday 2017. Outside of specific products, winners were mobile shopping, which drove 46 percent of traffic during the 2017 holiday season, and online shopping in general, as 61 percent of purchases were completed via a desktop computer. .

Internet of Things (IoT) and its positive impact on ecommerce?

GetElastic

Since the iBeacon and location technologies like geofencing came into play with their powerful ability to connect the in-store shoppers contextually, the retail space has been open to leveraging such technologies. This is one hand can reduce the human errors in managing inventory; on the other hand, a whole array of inventory and product information can automatically be stored and easily accessed. This improves customer retention and business conversion for online stores.

The Ecommerce Guide to Back to School Shopping

ecomdash

But like marketing for Halloween sales , lots of online vendors think it doesn’t apply to them because they don’t sell backpacks, notebooks, or other “traditional” school supplies. But what we’ve learned from the study is that back to school shopping is a lot more broad than you might think — and there’s plenty of room for ecommerce stores to cash in on it. Dollar Stores – 38%. Off-Price Stores – 32%. Buy online, return in-store option (46%).

Don’t Let Sears Fool You: Shoppers Still Value Brick-and-Mortar Stores

Sailthru

It was the first major retailer to ever go public and the largest retailer in the world… until it wasn’t. Sears filed for Chapter 11 bankruptcy protection in October, with retail locations closing left and right. If a Retail Store Closes and Doesn’t Make a Sound, Does Anyone Notice? nearly 13,000 retail stores closed in 2017, a 200% increase from the previous year. missed the stores. Which retailers do these shoppers long for?

Toys 69

How Better Digital Product Configurators Lead to Increased Sales

Retail Next

With modern digital tools, retailers can offer shoppers more personalization than ever — and shopper, in turn, have come to expect highly individualized shopping experiences. Here’s what product configurators are, how they work and how they can boost sales for retailers.

THE REGENERATION OF BRICKS AND MORTAR RETAIL

PFS

As a number of retailers shut up shop, an influx of brands that had previously only existed online are now turning to bricks and mortar stores to provide their customers with a unique and tangible shopping experience. Just this year, eCommerce giant Amazon opened its third UK pop-up store in Scotland , whilst Los Angeles-based womenswear brand Reformation announced it will unveil its first UK store in London.

Will Next-Gen Video Help Save Commerce?

Retail Touch

And because customers must now rely on online retail for most of their essential and non-essential needs, they are more often drawn to the online shopping experiences that mirror the benefits of in-store experiences. These are unprecedented and uncertain times.

Demo 60

Optimize, Connect and Grow With the Spring 2017 Expanded Product Suite

ChannelAdvisor

According to the US Census Bureau, consumer spending in 2016 grew 16% YoY to a whopping $550 billion, and while traditional department stores saw a downturn in sales, online retailers grew by almost 11%. Brands and retailers are now faced with the challenge of optimizing the steps needed to reach customers when, where and how they shop. As industry leaders, it’s our goal to help brands and retailers get closer to the consumer path to purchase than ever before.

Internet of Things (IoT) and its positive impact on ecommerce?

GetElastic

Since the iBeacon and location technologies like geofencing came into play with their powerful ability to connect the in-store shoppers contextually, the retail space has been open to leveraging such technologies. This is one hand can reduce the human errors in managing inventory; on the other hand, a whole array of inventory and product information can automatically be stored and easily accessed. This improves customer retention and business conversion for online stores.

Retailers, Is The End Near?

OrderDynamics

Retailers, Is The End Near? We’ve all heard the rumors and the “fake news” – the Retail Apocalypse is near! A recently released report, “ Debunking the Retail Apocalypse ,” from industry analyst firm IHL Group, demonstrates exactly what is happening in the retail industry and what retailers need to do moving forward. Good News: The Retail Industry is Growing. Of those 4,080 net openings, 1,326 of them were in core retail segments.

Free Shipping, eh? How Canadian Retailers Combat Cart Abandonment Issues

OrderDynamics

How Canadian Retailers Combat Cart Abandonment Issues. of retailers with e-commerce sites offer standard Free Shipping with a minimum purchase. There are many benefits for consumers who shop online. Choice, convenience, and being able to shop for competitive pricing are many of the reasons why consumers continue to direct many of their dollars online. But for every benefit, comes a barrier and for online shopping, one of the top barriers is shipping costs.

2020 Holiday Ecommerce News & Updates [January 2021]

ROI Revolution

From the completely unexpected impacts of the coronavirus on ecommerce to the twists and turns of Amazon Prime Day 2020 , 2020 introduced a mix of obstacles and opportunities for all brands and retailers. Online retail grew 49% YoY from Oct. Total YoY retail sales declined 19.1%

Toys 78

Ecommerce Trends 2019: 7 New Retail Consumer Habits for a New Year

ecomdash

By all accounts, 2018 was a big year for retail. According to the Balance , sellers have a reason to be optimistic this year, especially online retailers. Department store sales are down 1% from last year (despite a 0.4% Year-over-year retail sales are up 4.3%. One of the biggest advantages ecommerce has over brick-and-mortar retail is niche marketing. Hybrid Online and Offline Shopping.

Back-to-School Shopping Trends and E-Commerce Predictions for 2018

ChannelAdvisor

Here’s what you need to know to make the most of the 2018 back-to-school season as an online seller. The National Retail Federation’s annual survey. The National Retail Federation (NRF) says total spending is likely to reach $82.8 Nearly 50% of that overall increase will come from online sales. Keep in mind, too, that this segment is also much more likely to rely on mobile apps for online purchases than are late shoppers. To Buy Online or In-Store?

Future of Ecommerce: How Small Retailers Will Change in 20 Years

Blue Acorn

Mom and Pop stores, once the bread and butter of the retail world, are all but becoming relics of a former time. As large retailers and big box stores sprawled across the country, undercutting prices while offering more inventory, smaller niche retailers simply can’t compete. Over the years, many of these shops that would try to plant their seed at a physical location have found that online or ecommerce offerings were more suitable to their needs and means.

[Infographic] Brick-and-Mortar Retailers (Plus Chocolate) Drive Sales on Valentine’s Day

Wiser

While the real winners on Valentine’s Day are the recipients of all the flowers, candy, and cards that are gifted on February 14 th , brands and retailers don’t do too poorly either. Here are the big retail winners on Valentine’s Day: A Traditional Holiday Wins with Shoppers. According to our Wiser survey of our network of smartphone-enabled shoppers, 83 percent buy their Valentine’s Day gifts at brick-and-mortar retailers. Discount Stores Beat Big-Box Stores.

Gifts 60

How Coronavirus (COVID-19) Is Impacting Ecommerce [August 2021]

ROI Revolution

Last month marked the ninth month in a row of total retail sales growth as the world recovers from a pandemic that led to total retail sales declining 10.5% Total retail sales were up 11% year-over-year this June, a 10.4% of all retail sales ( eMarketer ).

How Coronavirus (COVID-19) Is Impacting Ecommerce [December 2021]

ROI Revolution

With store closures, safety concerns about being around other people, and more, consumers shifted to online shopping enough last year to push ecommerce to levels that weren’t expected until 2025! Cyber Monday was the biggest day of Cyber Week for online spending.

How Coronavirus (COVID-19) Is Impacting Ecommerce [March 2021]

ROI Revolution

US online grocery sales surged 54% to reach $95.8 With consumers more concerned about their discretionary spending, the online resale apparel market is projected to double by 2024 ( Statista ). Online grocery orders peaked at $7.2 Ecommerce retail sales are projected to grow 14.3%

How Coronavirus (COVID-19) Is Impacting Ecommerce [October 2020]

ROI Revolution

Consumers spent nearly $212 billion on ecommerce between April and June 2020 according to new data from the US Department of Commerce. Retail sales, however, continue to decline, down 3.9% retail ecommerce up 44.5% department stores may not survive the pandemic.

How Coronavirus (COVID-19) Is Impacting Ecommerce [December 2020]

ROI Revolution

Cyber Monday 2020 was projected to bring more online revenue than ever due to the pandemic. Online spend was slated to increase by as much as 35% to $12.7 Online sales increased at less than half the projected rate, growing 15.1%. retail ecommerce up 44.5%

How Coronavirus (COVID-19) Is Impacting Ecommerce [June 2021]

ROI Revolution

More shoppers have also been using their smartphone to pay for products in-store for the first time. Mobile retail commerce sales grew 31.5% By 2022, mobile retail revenue will pass $432 billion, a 25.1% Online sales for Gap were up 54% in 2020 , while total sales declined 15.8%.

How Coronavirus (COVID-19) Is Impacting Ecommerce [November 2020]

ROI Revolution

Online holiday sales are expected to reach as high as $196 billion between November, December, & January. 62% of consumers shop online more now than before the pandemic ( Bazaarvoice ). less foot traffic in UK stores the week of October 17th ( Reuters ). retail to grow 2.8%

How Coronavirus (COVID-19) Is Impacting Ecommerce [May 2021]

ROI Revolution

As customers are more open-minded to new digital experiences, they’ve also increasingly looked online to make crucial pre-purchase decisions. of CMOs report seeing more reviews and other posts about brands online and 58.8% Omnichannel retailers Kohl’s and Nordstrom Inc.