Project Repat Boosts Brand Profile With First Brick-And-Mortar Store

When Ross Lohr and Nathan Rothstein founded Project Repat in February 2012, they wanted to prevent retailers and consumers alike from sending used T-shirts to landfills to go to waste. Six years later, the company that repurposes old T-shirts into quilts is bringing its service into physical retail, opening its first brick-and-mortar store to in Newton, Mass.

In 2017, Project Repat crafted 65,000 custom T-shirt quilts for U.S. consumers, saving more than 1.2 million T-shirts from landfills, but the founders have an even bigger goal for 2018 — to sell 100,000 custom quilts. Rothstein and Lohr estimate they have saved as many as five million T-shirts since the company’s launch.

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Dreamforce 2017: How John Varvatos Blends Digital With Physical

It’s safe to say that the stories about retail stores dying are far from accurate. Transforming, yes; dying, definitely not. Experiential retail is going strong, and the John Varvatos store in San Francisco is just one of many examples of brick-and-mortar stores’ potential.

During a Store Tour event on the first day of Dreamforce, executives from both Salesforce and John Varvatos revealed how they are delivering an exceptional luxury experience for the modern male shopper.

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Alibaba Offers $2.6 Billion For Chinese Department Store Intime

1-alibaba-logoAs Walmart continues to set itself up to compete with Alibaba on its home turf of China both online and offline, the e-Commerce giant has taken a big step into the physical world. Alibaba has made a $2.6 billion offer to fully acquire Intime and take the department store and mall operator private.

Intime operates 29 department stores and 17 shopping malls across urban China. Under the proposed deal, Alibaba would take a controlling stake in Intime, holding an estimated 74% share. Alibaba bought a stake in the firm for $692 million nearly three years ago, but now it is bidding to buy it outright and delist it from the Hong Kong stock exchange. The funds would be raised through internal cash and external debt financing.

“Our combination with Intime will enable us to tap into the long-term growth potential of a new form of retail in China powered by Internet technology and data,” said Daniel Zhang, CEO of Alibaba Group in a statement.

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The Limited Shuts Down All 250 Brick-And-Mortar Stores

Women’s apparel retailer The Limited has closed all 250 of its stores, laying off 4,000 employees in the process. The retailer announced the closures in a statement on its web site on Jan. 6. The Limited will remain but as an e-Commerce only retailer.

The shutdown isn’t a surprise to those working within The Limited brand. The retailer sent an internal message to employees during its first set of layoffs in December indicating that it would close operations if it couldn’t find a buyer. The retailer reportedly had $100 million in debt obligations following numerous missed sales targets in recent quarters.

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Why The Cannabis Industry Has Greater “Pot”-ential Than Wine

On Dec. 15, 2016, Massachusetts became the eighth U.S. state to legalize the recreational use of marijuana — joining California, Colorado, Alaska, Maine, Nevada, Oregon and Washington. The cannabis industry is just beginning to flourish, which gives retailers an opportunity to pioneer a new segment of retail that is unlike any other.

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