"We really thought the opportunity was to combine healthy and safe needle piercing with really accessibly priced, fun jewelry in an environment that the customer was excited to spend time in," Harman said.
From luxury brands to sportswear, retailers across the industry are feeling the non-health effects of coronavirus.
Tailored Brands, the parent company of stores including Mens Wearhouse, has had a rough few years. The company is trying to rebuild its digital credibility with its new CMO, Carolyn Pollock. Modern Retail talked to her about the men's retail landscape and how she plans to go about her plans to revamp the portfolio of menswear brands.
During its fourth quarter earnings report on Tuesday, Walmart once again reported strong growth in its online grocery business, which has become the crux of its e-commerce strategy in recent years. But the company was also hurt by weak sales in toys, apparel and gaming.
Walmart is shutting down Jetblack, its shopper concierge service. It's one of many small digital programs Walmart on which Walmart is scaling back. This move highlights Walmart's changing approach to its digital experiments. It no longer needs to spend a lot and think big; the retail giant has made a name for itself as an e-commerce leader and can now think more conservatively.
Showfields is expanding beyond NYC and into the Miami market, where it plans to open a second concept shop in May.
Peapod is shutting down its Midwest division, laying off 500 people. While it's only a small percentage of its overall business, the move highlights the headwinds grocery e-commerce businesses face. While more grocers try to offer more digital fulfillment options -- it becomes ever more clear that it remains an difficult, unprofitable program.
Many onlookers believe a DTC cooling is on the horizon. With a bunch of less-than-stellar exits from the likes of Casper, Peloton and Harry's, the VC-funding model of branding building seems to be crumbling. This leaves both investors and founders left with the question: Is it worth it to raise money from venture firms? It's becoming a more complicated topic, and one that will have a big impact on a company's choices down the line.
Direct-to-consumer "ended up being the best solution we could come up with," said Sunday founder Coulter Lewis. "That enabled us to do this custom approach."
Under Armour's look forward to 2020 includes expected losses that the company blames on China's coronavirus outbreak.
The race to go cashierless has another entrant. This month 7-Eleven became the latest chain to test cashierless stores at its Irving, Texas headquarters as part of a pilot program. The 700-square-foot store, which opened on Feb. 5, is currently available to employees only via an app, allowing them to check in, shop and exit the store. The 7-Eleven launch is part of a wave of existing retailers trying to offer shoppers a more frictionless checkout process, which includes foregoing long line waits. A company spokesperson did not comment on how the initial testing has gone thus far.
Forty-six individuals have been short listed for Digiday's 2020 Future Leader Awards, which recognize the next generation of leaders from the media and marketing, fashion, beauty and retail industries.
As big-box retailers are facing increased pressure to keep their employee headcounts stable, some store workers are frustrated as they feel like they are expected do more with less. On Monday, a workers advocacy group called Target Workers Unite released what it says are the results of an employee survey that shows the majority of them feel like their stores are understaffed, but also don't feel like they are receiving enough hours from Target to make an adequate living.
Birchbox is laying off a quarter of its global workforce. It's a last-ditch effort to keep the 10-years-old business afloat -- and shows just how difficult it is to be a business that relies mostly on subscription sales. Despite numerous attempts to reinvigorate the brand, things seems especially bleak for Birchbox right now.
Edgewell has decided to pursue a "standalone" playbook after the Federal Trade Commission's move to block the Harry’s acquisition last Monday, said Rod Little, Edgewell president and CEO. The company also said that Harry’s plans to sue its prospective partner, a case that Edgewell said has "no merit." A spokesperson for Harry's said the company has nothing to share on potential litigation at this time.
As bot-driven fraud eats into budgets, marketers are placing a heightened focus on identifying the characteristics that account for authentic audience humanity.
Exclusively for Modern Retail+ members: Hear from Connie Matisse, Co-founder and CMO and Alex Matisse, Co-founder and CEO at East Fork Ceramics, on how to maintain brand loyalty during a time of tumult.Subscribe