Placer.AI: A Pandemic Shaking Will Realign Retail In 2021
As the marketplace looks forward to 2021, Placer.ai has designated several trends that could define how next year unfolds including where and when shopping might change.
off-price
Ollie’s Donates To Toys For Tots Foundation
Ollie’s Bargain Outlet, in partnership with the Marine Toys for Tots Foundation, raised more than $750,000 nationwide from November 22 through December 12.
Comp Gains Boost Big Lots Q3
Big Lots recorded double digit comps in the third quarter as it went on to deliver record earnings.
Ollie’s Stays On Growth Track In Q3
Ollie’s Bargain Outlet remained bullish on its future growth plans after a strong third quarter where the retailer grew both sales and income.
Stein Mart To Relaunch As Online Store
On the heels of its turning Pier 1 Imports into an online-only business, Retail Ecommerce Ventures (REV) said that a subsidiary emerged as the winner of a bankruptcy court auction for the intellectual property of Stein Mart Inc. REV expects to relaunch the off-price family fashion and home goods retailer as an online-only store early next year.
Pandemic Weighs On Burlington Q3
Burlington Stores saw progress in its sales trends for the third quarter, but the pandemic related market conditions continued to weigh on the off-price retailer’s results.
Ross Stores Sees Q3 Sales Improvement
Ross Stores noted that sales improved during the off-price retailer’s third quarter, but the company entered the fourth quarter with an eye on the surging coronavirus pandemic.
HomeGoods Adding E-Commerce As Banner Drives TJX Q3
TJX did better than it thought it might in the third quarter, the company maintained, as HomeGoods performed particularly well and as the parent began taking steps to launch a dedicated e-commerce operation for the banner. Digital sales at homegoods.com will begin next year.
2021 Retailers To Watch: Ocean State Job Lot
With a changing assortment of products but a steady focus on food, commodities and seasonal products at sharp prices, Ocean State Job Lot is a great place to bargain hunt for outdoor, pool and garden products, gourmet food items and inexpensive everyday needs and household goods such as kitchen gadgets, cookware, storage items and rugs.
Century 21 Intellectual Property Assets Up For Sale
Hilco Streambank, an advisory firm specializing in the sale of intellectual property assets and domain name brokerage, is seeking a buyer for the intellectual property of Century 21 Department Stores, including its trademarks, the C21Stores.com domain name, customer data, social media assets and more.
Stein Mart Signs Stalking Horse Bid For Intellectual Property Assets
Hilco Streambank, an intellectual property advisory firm specializing in the valuation and sale of intangible assets, has sold the intellectual property assets of Stein Mart and the execution of a stalking horse bid for the assets.
Big Lots Introduces Year-Round Veterans Discount
In honor of Veterans Day, Big Lots has introduced a year-round 10% discount for active military personnel and veterans who are members of the company’s Big Rewards program.
TJX Elects Goodwin To Board Of Directors
The TJX Companies board of directors has elected C. Kim Goodwin to the board, effective immediately.
Ross Stores Opens 39 Locations
Ross Stores has recently opened 30 Ross Dress for Less and nine DD’s Discounts stores across 17 different states in October. The new locations complete the company’s store growth plans for fiscal 2020 with the addition of 66 new stores.
Big Lots Expands Online Gift Card Program
Global branded payments provider Blackhawk Network said that Big Lots has launched a new digital gifting program powered by Blackhawk’s CashStar Consumer technology.
Nordstrom Rack Introduces More Fulfillment Services
To continue to provide consumers with more convenient services and access to more inventory, Nordstrom is introducing order pickup at U.S. Nordstrom Rack stores for Nordstrom.com, NordstromRack.com and HauteLook.com orders.
Marshalls Aims To Bring Back The ‘Wow’ Of Shopping
Marshalls has launched a new initiative called, “Share Wow, Get Wow,” a program all about turning in-store finds that shoppers share on social media into real-life, feel-good stories.
Placer.ai: Off-Price Weighs On Neiman Marcus Future
Neiman Marcus may have emerged from Chapter 11 bankruptcy protection, but it isn’t out of the woods yet, according to Placer.ai, and off-price retail may play an important part in how its future proceeds.
Big Lots Delivers Financial Update With Comp, Earnings Gains
As part of a financial preview, Big Lots has provided an update on expected results for the third quarter of fiscal 2020, which includes a forecasted mid-teen gain in comparable sales.
TJX Elects Alvarez To Board Of Directors
The TJX Companies board of directors has elected José Alvarez to the board, effective immediately. Alvarez previously served on TJX’s board of directors from 2007 through 2018.