Retailers are now getting ready for the transition to spring and the clearance racks are full of last season’s goods. A surfeit of goods marked for clearance even after repeated price reductions during the season is a sign of mismatch between supply and consumer want. In the apparel industry, one Read more…
The lacklustre holiday season did not stop Macy’s, America’s largest department store chain, as it continues to grow. Macy’s scale and geographical presence allows it to build a successful e-commerce business while reducing inventory and payroll costs. On the other hand, the specialty retailer Neiman Marcus corners the luxury multi-brand Read more…
My previous post on the Saks Fifth Avenue flagship store highlighted the importance of private label collections to a specialty retailer. Private label collections enable retailers to have greater flexibility with their merchandising strategy, more control over the quality of their products and give retailers a greater margin on purchases. Read more…
The conversation around the Hudson’s Bay Company’s – owner of Lord & Taylor in the United States – acquisition of Saks Fifth Avenue has focused on the real estate value that Saks represents and the opportunity for the Hudson’s Bay Company to move into the fine apparel and specialty retail Read more…