View Post

Great American Group & Tiger Capital to Assist in Aeropostale Closings

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Advisory and valuation service company Great American Group and capital infusion company Tiger Capital Group have partnered with Aéropostale, Inc. to facilitate the orderly closure of 113 of its stores and factory outlets across the U.S. These are the same closures reported in conjunction with Aéropostale’s voluntary Chapter 11 filings. …

View Post

Nordstrom Restructures its Technology Team

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

After disappointing earnings reports over the past few quarters, Nordstrom has announced some spending cuts, including 10 people getting laid off from the technology department. “In technology, we are planning productivity improvements by focusing on fewer, more meaningful projects, such as a scalable merchandising solution that supports seamless integration across …

View Post

Saks Elevates Online Retail via Live Chat, Social Media

In eCommerce, Industry News, Marketing, Reports, What's New by Accessories StaffLeave a Comment

In a very digitalized age, retail companies like Hudson’s Bay are continuously finding ways to integrate online shopping into their consumers’ everyday life. Just recently, the group announced that it is now heightening its e-retail operations for one of its biggest ventures, Saks Fifth Avenue. Through this endeavor, Saks executives …

View Post

Kohl’s Stock Takes a Beating on Disappointing Holiday Results

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Menomonee Falls, WI–Kohl’s Corp. today saw its shares take a beating after the department store released preliminary fourth quarter results consisting of a lower earnings forecast after sales failed to meet expectations during the holiday quarter. Kohl’s comparable store sales edged up 0.4%, missing the 0.8% increase that Retail Metrics …