J.Crew will launch a fashion line at Nordstrom on Sept. 12 as part of a push to revive sales by teaming with a department store that shares its standards for customer service and experience, J.Crew CEO Mickey Drexler said. Nordstrom already sells fashions from J.Crew's Madewell brand at 76 stores, and the new line will launch at 16 stores and online.
Foot Locker will unveil a remodeled New York City store Tuesday that expands the focus from sneakers to include workout wear and popular sports gear brands including Under Armour and Puma. The store also boasts a separate event space dubbed NYC33 that will host fashion shows and product launches.
Luxury retailers and discount chains are seeing a boost in back-to-school business as they market to their core customers, a trend that reflects the growing US income gap, Thomson Reuters Retail Analyst Jharonne Martis said. Parents are on track to spend a collective $27.3 billion on back-to-school this year, according to NRF data.
Fitbit is preparing to launch its second-generation Charge band with swappable wristbands, GPS and multi-sport mode for more exercise-specific tracking. The new Flex band will have a modular design and be capable of withstanding being in water for swim workouts.
New Marks & Spencer CEO Steve Rowe is evaluating the UK-based retailer's international operations in an effort to revive sales and shore up the bottom line, according to the retailer's annual report. There are 468 M&S stores in the Middle East, Europe and Asia.
GameStop has integrated a ship-from-store capability, more than tripling its online inventory to include more items that are sold or traded on location. The company uses Radial software to track products across stores, though GameStop is still working to make the process more efficient.
US ports invested billions in upgrades and improvements to handle a surge in container cargo that hasn't happened. Instead, imports are flat as retailers scale back on store inventories amid the rise in online shopping, according to economists.
Retail inventories are leaner than they have been in a long time and the trend may continue through the holidays as merchants look to avoid the need for deep discounting. "At the end of the day, all a retailer can try to do is put out the right amount of perfect product," Nomura Analyst Simeon Siegel said.
Square has teamed with software firms Vend and TouchBistro in a deal that will let retailers and restaurants using their software use Square's payment services on the same point-of-sale systems. More than 15,000 retailers use Vend's software and TouchBistro boasts restaurant clients in more than 35 countries.
Amazon will require online sellers of name-brand products to pay a one-time nonrefundable fee of up to $1,500 per brand and provide invoices from distributors or manufacturers to prove the items were purchased in the previous 90 days. Sellers say the move, designed to crack down on counterfeiters, penalizes the honest vendors.
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