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.
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.
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.
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.
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.
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.
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 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.
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.
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.