Online tuxedo rental services, while convenient for ordering, don’t often provide the necessary tools to match the in-store experience. In general, apparel can be a difficult category to visualize and curate effectively online because browsers can’t just pick and try on different items to get a greater idea of what they want to purchase.
Enter Generation Tux, a tuxedo rental service established by George Zimmer, the founder of Men’s Wearhouse. The service, which is designed to enable consumers to purchase their tuxedos online without having to enter a store, also grants consumers access to Zimmer’s other recent startup endeavor, on-demand tailor network Ztailors.
Chico’s FAS has appointed Shelley Broader as its President and CEO, effective Dec. 1, 2015. On this date, Broader also will join the Chico’s FAS Board of Directors. Broader will succeed David Dyer, who announced his resignation from the position in May. Upon his departure, Dyer will serve as Vice Chair of the Board of Directors.
Broader has more than 25 years of experience within retail, most recently serving as the President and CEO of the Walmart EMEA Region. In this role, Broader was responsible for retail operations and business development across Europe, the Middle East, Sub-Saharan Africa and Canada, leading 1,345 retail stores and more than 285,000 associates. During her time at Walmart, she held numerous executive positions, including President and CEO of Walmart Canada, Chief Merchandising Officer for Walmart Canada and SVP for Sam’s Club.
During its latest funding round, Elastic Path Software, an enterprise commerce platform provider, has secured a $7.58 million ($10 million in Canadian dollars) from investment firms Yaletown Venture Partners and The BDC Venture Capital IT fund.
The platform provider will use the funds to grow its Software-as-a-Service (SaaS) business, deepen investment in partner channels and further drive technology innovation for the commerce platform. To date, the company has helped its customers generate $40 billion in sales using its digital commerce technology.
Ecwid, an e-Commerce platform designed to allow small businesses to build an online store on any web site, has collaborated with payments processor Square to offer brick-and-mortar retailers the ability to sell anywhere online and keep all channels in sync.
Merchants using Ecwid now can import their Square product catalog into their online store, automatically configure Square payments and manage end-to-end operations all in one place. When the retailer makes the sale either online or in-person, all product, inventory and order data will synchronize automatically.
Walgreens Boots Alliance, already a global presence with more than 13,000 stores in 25 countries, will grow even larger with its purchase of rival drug store chain Rite Aid for $17.2 billion. The all-cash deal will make Rite-Aid, with nearly 4,600 stores in 31 states and the District of Columbia, a wholly owned subsidiary of Walgreens Boots Alliance, though initially its stores will continue to operate under their existing brand name.
Over time, leadership teams will make decisions regarding integration of the two companies, with the goal of ultimately creating “a fully harmonized portfolio of stores and infrastructure,” according to a company statement.
The holiday season is a key time for retailers to capture customer attention and create great shopping experiences. Promotions are undoubtedly a core part of this experience equation, but how can retailers develop sales and offers that are compelling but still profitable to the bottom line? During this episode of TouchPoints TV, Mark Schwans, Senior Director of Solutions Marketing at Revionics, shares tips and best practices for crafting data-driven, relevant promotions.
Kohl’s will add three new concepts to its store footprint in 2016. The department store retailer will open five to 10 smaller, more agile 35,000-square-foot stores in underserved markets as well as 10 to 15 FILA sports apparel stores in outlet malls. In addition, the retailer plans to open two more Off-Aisle by Kohl’s off price locations in 2016, following a single-store pilot of the concept.
“We are in a strong position to explore new formats as an additional avenue for growth and diversification,” said CEO and President Kevin Mansell, speaking at the WWD Apparel and Retail CEO Summit on Oct. 27.
Up to 81% of consumers are more likely to purchase from businesses that are active in philanthropic efforts year-round, according to research from Aflac. This data point rings especially true for Lush, a provider of organic and vegetarian handmade cosmetics. The brand and retailer has seen exceptional growth over the past three years, and shows no signs of slowing down.
During an intimate event at Bouley Botanical in New York City, Lush North America President & CEO Mark Wolverton shared new details regarding the brand’s success over the past year, and zeroed in on its plans for growth and innovation in 2016. Chief Operating Officer Andy McNevin and Brandi Halls, who is the Director of Brand Communications, joined Wolverton for the presentation.
Retailers of all sizes and kinds have found Amazon to be a fierce competitor. The eTail giant has a number of built-in structural and technological advantages — but it’s by no means invincible.
That’s the message from assortment intelligence provider Ugam, which recently analyzed Amazon’s assortment of baseball bats and women’s running shoes while factoring in a list of key trending products in these categories in order to compare assortments and pricing with several competing online retailers.