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Join Us for Retail Roundtable: A Year of Change in E-commerce and Supply Chain

Perficient

Perficient is excited to present Retail Roundtable: A Year of Change in E-commerce and Supply Chain with the Dallas Business Journal. With that, our shopping habits have changed, altering the ways retailers are doing business. However, many retailers only had mere weeks to ramp up programs to support these new shopping habits.

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Ascena Retail Group Considers Bankruptcy Filing

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With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Most of the roughly 2,800 retail locations of Ascena are still shuttered. The retailer foresees closing approximately 230 of 687 stores.

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Retail Rental Payments Make Comeback

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Retailers are starting to pay the rent. The report is confirmation that reopened retail stores are generating revenue despite high unemployment and regional pandemic spikes. The biggest gain came from free-standing retail, which increased 12.1 He is also counseling his tenants to work on their digital marketing.

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Lord & Taylor Joins Retail Bankruptcy Watch

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The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that option. Lord & Taylor, now joining Neiman Marcus, is considering a bankruptcy filing as the COVID-19 lockdown continues to decimate non-essential retail. billion in sales.

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Big Fizzle: Airport Retailers Reel As Coronavirus Spreads

PYMNTS

The same could be same for retail, where foot traffic is key, where wandering customers and impulse buys can propel the top line. And if the reverse is true, if traffic does not materialize, or people look but don’t buy, well, retailers suffer. Crew , an unknown number of customers were compromised last year.

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Kohl’s Moving Into Lucrative Beauty Market

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Kohl’s has added a beauty department to all 1,100 of its stores in an effort to move into the lucrative beauty and wellness market, according to The Dallas Morning News. Kohl’s also flew 1,200 store associates to Dallas last week to take part in training classes held by prominent beauty vendors, according to The Dallas Morning News.

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For Retail Promotions, Rewards Beat Out Discounts

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Businesses have plenty of choices when determining marketing strategy, but reward-based programs stand out as incredibly impactful options to achieve business goals and drive effectiveness,” Blackhawk Network Marketing VP Theresa McEndree said in a press release.

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