Bloomingdale’s, the storied retailer, knew what it was doing in 1898 when it installed the first escalators in a department store. The new technology became a source of curiosity, attracting customers, and also opening up much needed space on multiple floors for merchandise to be displayed. Technology has since been the retailer’s Read more…
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…
I recently attended the Luxury Education Foundation’s Luxury Round Table – a series of conversations where luxury professionals speak to students from Columbia Business School and Parsons the School of Design. The panelists were owners and chief executives of luxury start-ups in New York City and the discussion’s topic was 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…