The Big Department Store Rundown, Plus Walmart's Black Friday Pre-Game And J.Crew Dreams Of Being Bought By Amazon | | | | | | | | | | | | | A Surprise Same-Store Sales Bump Isn’t Enough To Offset An Earnings Miss For Kohl’s | | Kohl's missed on earnings, which was enough to send its stock price down in after-hours trading. It did manage to notch a surprise uptick in same-store sales, though, despite analysts universally predicting a drop. Its CEO noted same-store sales’ pick-up would have been better, but for those pesky late summer hurricanes. Going forward, the retailer is ready to take on the holidays — and already seeing results from its partnership with Amazon. | | |
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| | | | | | | The Frightful Five: iPhone X Delivers, AmazonFresh Doesn't | | Apple dominated the news this week, with the new iPhone X making headlines (and animoji karaoke taking Twitter by storm — although the actual, intended function of the Face ID technology leaves a bit to be desired). Amazon also had a big news week, with a company veteran taking the helm on its Prime Now, AmazonFresh and Whole Foods strategy and the introduction of its digital cash offering. Here’s what else these giants have been up to, along with the rest of the Frightful Five — Facebook, Google and Microsoft. Read More... | |
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| | | | | Why Big Data Is ‘Strategic Spaghetti’ For Retailers | | Retailers large and small can sometimes feel like they are throwing spaghetti at the wall to see what stickswhen it comes to influencing customer behavior. Big Data takes the guesswork out of understanding customers so — according to Vantiv vice president of data products, Nicole Jass — retailers can throw that spaghetti strategically. In a recent interview with Karen Webster, Jass explained that data, properly distilled and synthesized, has the power to change both the merchant’s view of its consumers and the consumer’s view of the merchant — and also what they are willing to buy. Read More... | |
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| | | | | | Macy’s 3Q Comps Down, But Digital Puts Up Digits | | Holiday cheer may be in the offing for retailer Macy’s as double-digit boosts in online shopping trends continue. The company missed revenue estimates, but bested earnings per share projections on better inventory management — giving third quarter results a noticeable uplift. And, according to Macy's management, digital will be an ongoing focus and its loyalty programs are gaining traction. Read More... | |
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