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Fresh off of her victory against Apple Inc., Taylor Swift is taking on an even more ambitious challenge: conquering China. The singer is teaming up with JD.com Inc., the second-largest e-commerce company in China, to sell a new fashion line designed specifically for Chinese shoppers. Dresses, sweatshirts and other tops will be available in August…
America’s largest retailer was doing something very un-American. Wal-Mart has been selling products online that claim to be made in the USA when in fact they're not. After it was threatened with a potential probe by the Federal Trade Commission, Wal-Mart said that it has a problem with its website design. Truth in Advertising, a…
M.Fredric is a California-based apparel retailer that sells its products via nine brick-and-mortar stores and an e-commerce website. Like many omnichannel brands, managing inventory levels in real time to prevent out-of-stocks and overstocks was a challenge for M.Fredric. In addition, a lack of real-time sales data meant buying decisions were delayed, a serious inhibitor for…
Alibaba is at it again, this time partnering with Brightpearl, a multichannel retail management system that was created by retailers for retailers, that will allow merchants using Brightpearl to not only source goods from Alibaba.com, but to also list them automatically on their own sales channels as well.
Nike Inc. has settled a lawsuit against three former shoe designers it accused of stealing its commercial secrets and taking them to German rival Adidas AG with plans to open a footwear design studio in Brooklyn. The designers' attorney, Matt Levin, said in a statement Tuesday that the case had been resolved through a confidential…
J.C. Penney wants people to know that it had no supplier relationships with factories housed in the building that collapsed in Banglade
Up-and-coming designer Moziah Bridges of Memphis, Tenn., age 13, runs a successful fashion business, raking in revenues of over $200,000 per year. Bridges founded Mo's Bows when he was just 9 years old, selling unique handmade bow ties. Uninspired by the options currently on the market, Bridges asked his grandmother to teach him to make his own bow ties from her leftover scrap fabrics. Since then, his business has expanded and hired five employees, including his mother. Mo's Bows started out on Etsy, and now are sold in Neiman Marcus stores and on the retailer's website.
New York Senator Charles Schumer wants federal regulators to look into allegations that Lumber Liquidators' Chinese-made laminate flooring is tainted with formaldehyde. Schumer made the announcement in front of a New York City Lumber Liquidators showroom on Sunday. "The federal government must step in to investigate whether this product is dangerous and if a recall or other disciplinary action must be taken," he said. Schumer asked the Consumer Product Safety Commission to initiate an investigation about formaldehyde in the company's laminate flooring, following a "60 Minutes" report that said high levels of the chemical were found in Chinese-made laminates.
Lumber Liquidators Holdings Inc, a retailer of hardwood flooring, said the U.S. Department of Justice may seek criminal charges against the company under an Act aimed at curbing illegal harvest of tropical hardwoods. The company's shares plunged as much as 24 percent after CEO Robert Lynch also said that CBS's "60 Minutes" news program will feature the company in an "unfavorable light with regard to sourcing and product quality, specifically related to laminates."
With the holiday season accounting for 20 percent to 40 percent of a retailer's annual sales, the 26 days between Black Friday and Christmas this year are crucial. This is especially true for electronics retailers, which are hard-pressed to deliver the season's most anticipated devices, such as wearable technologies, smartphones and tablets. Without having the right products at the right place at the right time, capturing peak spending is next to impossible. Therefore, the following supply chain guidelines are essential for retailers’ holiday success as well as building customer loyalty:
