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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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Lord & Taylor Joins Retail Bankruptcy Watch

PYMNTS

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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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

PYMNTS

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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Target Circle Loyalty Program To Go Nationwide In October

PYMNTS

Target Chief Marketing and Digital Officer Rick Gomez said, per the report, “We are seeing a benefit in building our guest base.” The retailer is said to join other merchants such as Nordstrom , Kohl’s, Nike and Macy’s, which have made bigger investments in loyalty efforts. The program was to debut on Feb.

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Singapore Becomes Hub For Tech Giant Rivalries As Amazon Expands

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The online retail giant is scooping up 90,000 additional square feet of office space in the middle of Singapore’s financial district at the Asia Square Tower 1, Bloomberg reports , citing people familiar with Amazon’s real estate plans. The world’s largest retailer is also on a hiring binge in Singapore.

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For Retail Promotions, Rewards Beat Out Discounts

PYMNTS

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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