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Express Launches Debt Restructuring Effort in Bid to Avoid Bankruptcy

Retail TouchPoints

Express’ ability to avoid bankruptcy hinges on whether its lenders will agree to provide more liquidity or loosen repayment options, and whether the company’s vendors will continue shipping goods without tightening payment schedules, the sources told WSJ.

Payments 264
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With Growth Top-of-Mind, Luxury Brands Focus on Digital Goods and Virtual Experiences

Retail TouchPoints

Many members of this young, savvy demographic are exchanging their dependence on fast-fashion destinations like SHEIN , choosing to invest in quality over quantity. It’s no surprise then that Gen Z and Gen Alpha’s spending power in the luxury market will grow 3X faster than other generations’ through 2030. At Alibaba’s recent 11.11

Payments 290
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#RSP22: Everything You Need to Know About Holiday 2022

Retail TouchPoints

The Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment, providing a wealth of insights to help merchants refine and optimize their holiday strategies. Leverage Alternate Revenue Streams to Support Business Growth. 26-30, you’re automatically registered to listen to the entire series.

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Payless Relaunches E-Commerce Business, Plans To Open 300-500 Stores

Retail TouchPoints

We’re back and bringing more community responsibility, fashion-forward footwear, and on-trend partnerships,” Margolis added. Margolis plans to rein in costs with such strategies as negotiating leases that use a percentage of store revenue to pay a share of the rent rather than a fixed payment.

eCommerce 227
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Digital Is Turning Retail Into An On-Demand Model

Retail TouchPoints

For example, sustainable ‘rental fashion’ is one phenomenon taking over the industry as Millennial and Gen Z consumers, who value access over ownership, buy into the concept of hiring clothing at a fraction of the retail price.

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Retail’s Future Requires a Shift from Mobile-First to Mobile-Only

Retail TouchPoints

From fashion to big box to grocery, retailers of all kinds have embraced a mobile-first mindset wholeheartedly. claimed to continue operating normally in the wake of COVID, and their expected revenue changes compared to pre-COVID 2020 projects were -15.3%. Moving From Mobile-First to Mobile-Only. Retailers aren’t alone.

Mobile 264
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Oracle NetSuite Review: How to Build a Next-Gen Store in the Ecommerce Age

Ecommerce Platforms

Fashion shoppers at a Next-Gen store can try out outfits by standing in front of a VR smart mirror. Small businesses , mid-sized businesses, and global enterprises with multiple locations and large personnel numbers use NetSuite. Portlets show you an overview of your business’ daily activities. Business Data Analysis.