The Latest Retail Gossip

Kohl’s Department Store and Facebook

Could Facebook be selling its data on millennials to Kohl’s? The department store struck up a deal with Facebook to begin in 2020 to help it sell clothing and home accessories. With the help of Facebook it will be able to identify what a particular market segment is looking for.  The project is called Curated by Kohl’s collection and will introduce new and emerging brands.

Chanel Has A Moment

Amongst all the protests and uncertainty in Hong Kong this past week, Chanel is rethinking its appearance of its cruise show. The show is set to be rescheduled for November 6th 2020 in the Kai Tak Cruise Terminal.  A final decision is yet to be made, so stay tuned if you plan on traveling to Hong Kong.

Avenue Plus Size Clothing

Bye-Bye to Avenue stores. They are planning on closing 222 stores are after filing for Bankruptcy. The reason for the liquidation is decreasing mall traffic, online competition, and other apparel that is heavily discounted at outlet stores.  Avenue will be selling off its e-commerce divisions, Avenue.com and Loralette.com. Avenue was originally a spinoff of The Limited Brand. Plus size ladies will have no problem finding plus size clothing at Nordstroms Rack, Marshall’s and T.J. Max online and offline.

Shopping Apps and Your Data Security

A recent study shows only 12% of shoppers are using apps to buy retail merchandise according  to the findings of the PYMNTS and LISNR report entitled “Which Apps Do They Want?” One of the reasons the percentage comes in so low is data security.  Eight out of ten retail consumers have either Amazon, Target or Walmart on their phones.

Revlon No More?

 The largest shareholder, holding company MacAndrews & Forbes, is open to selling the iconic brand and is looking into a sale. Competition is heating up for the Revlon brand as drugstores such as CVS, Rite Aid. and Walgreens that sell Revlon are expanding into new and upcoming brands for beauty to attract more customers to the stores. Competition is fierce and Revlon has not done to much to enhance its brand identity.

Donna Karan And Kenneth Cole

Legendary Donna Karan New York based designer is teaming up with Kenneth Cole to design shoes. She will be working with craftsmen form Haiti. Many of you know that Kenneth Cole closed all of their retail stores but still thrives online at www. https://www.kennethcole.com/

Desperate Retailers?

Mall space vacancy is up. Stores are liquidating and filing bankruptcy. Many brands are reinventing the wheel to stay afloat. Heck, Macy’s and J.C Penny is even forging head on selling used merchandise to customers in its partnership with ThredUp, the largest second hand clothing store. Consumers can purchase these items in the brick- and -mortar stores. After all, Ebay is still a great success and consumers swoop up hot deals on used designer clothing. We all love a great bargain and now you can touch and feel the hunt at these department stores offering used merchandise.

Banana Republic is launching a subscription service called “Style Passport”. The monthly subscription fee is $85   The services includes the purchase of three garments, and free priority shipping.  You can make as many exchanges and returns as you want. Free laundering services are also a perk.

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Struggling Retailer Michael Kors May Look For An Acquisition Play

Michael Kors once again missed sales for its third fiscal quarter.Same store sales decreased about 7%. The company’s revenue was down from $1.40 billion is sales to $1.35 billion is sales. John Idol, Micheal Kors CEO is  considering taking a look at purchasing Kate Spade which is on the block for sale.

Do you think the fashion retailer is coming up with  great styles for the upcoming spring season? Who is your favorite handbag designer?

We would love to get a conversation going about your choices for fashion and accessories.

Photo Credit: https://www.flickr.com/photos/31954284@N07/16711358419

BEBE Closing Stores Amid Shopping Mall Havoc

BEBE  is planning to close twenty five of its retail stores. Store sales are slow and this is another example of retail chain stores rethinking their business models to stay alive. Another retailer facing massive competition from online sales and declining revenue.Gross margins did increase due to sales and big markdowns to move merchandise out of the stores.The chain will also decrease its store footage about 15%.

Do you think BEBE styles are enough to keep you still going to the store? Do you find that you are getting better deals online?  What do you think they could do to increase your likelihood to buy at their stores?

Photo Credit: https://www.flickr.com/photos/135504457@N06/26863344685

BCBG Getting Ready for Chapter 11- Closing Hundreds of Stores

BCBG is in preparation to file Chapter 11 and restructure  itself. The company has reported that it will start closing 120 stores and hold liquidation sales. It will focus on its internet presence and focus on the operations end of the business.

Looks like the retailer is another victim of online shopping, where most consumers seem to be swiping their credit cards lately.

Photo credit:https://www.flickr.com/photos/tammymanet/3848983013/in/photostream/