Staff at manor department stores like Saks are finding success with Instagram and social media. The Information shares this:
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Tyler Bell was encouraging all her clients to “tag your bag.” Every time Bell, a Saks Fifth Avenue stylist in Troy, Mich., closed a sale, she asked the buyer to show off their purchase on Instagram and tag her account, @tyler.saks. Bell posts Saks inventory multiple times a day on Instagram Stories. Her 27,000 followers will...
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The WSJ shares that corporate office space is increasingly being converted to warehouse space.
Bridge has been following this warehouse trend. If this trend were to continue, imagine warehouse space being more valuable than: retail space. Fifth Avenue may house retail distribution centers powered by robots.
Saks formed new company a called Saks.com that will lead the company, shares today's WSJ. The physical stores will be moved from the 'drivers seat' to the 'passengers seat.' In a nod to Amazon.com and Walmart's success with third-party sellers, Saks.com will offer a marketplace and pay third-party sellers a commission.
Alec MacGillis shares in the Times how online shopping and Amazon in particular are wrecking havoc on retail.
Highlights:
Nationwide, 9,800 stores shuttered in 2019, among them 220 Sears stores.
Analysts predict that brick-and-mortar store closures could reach 25,000 by year’s end.
J.C. Penney, Neiman Marcus and J. Crew filed for bankruptcy, Macy’s furloughed nearly all of its 125,000 workers for months, and countless independent businesses have closed for good.
Saks Fifth Avenue just launched a new website. Since more than 600 stores rely on Bridge Store to power their websites, I decided to compare the new site, which likely cost millions of dollars, to an indie retailer's Bridge Store software. An indie store pays pennies compared to Saks' millions, so the Saks site must be a million times better, right?
After a careful review, I'm happy to share that our indie stores have the better website. And, it sort of 'saks' for Saks that it spent millions ...
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Your Bridge Store ranks highly in Google. As a test, try this: Google "Juliska Dinner Plate." In the results, you'll see two indie stores outperform Zola (a million-dollar funded online retailer) and Houzz (another well-funded, venture capital-backed player). The two indies stores do not have any venture capitalists or bankers funding them. They simply use: Bridge.
Thalia and Dahlia, an Ohio-based store, use Bridge. It ranks just below Saks Fifth Avenue--and it's just 3 ...
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Many businesses are struggling during the state-mandated shelter-in-place orders. One industry that is weathering the storm well is technology. Technology companies often deliver services digitally, which obviously makes them ideal to side-step these orders--but they often utilize another feature that makes them profitable now and in general: subscriptions.
Scott Galloway, a business leader and host of an online business class called 'The Sprint,' recently brought to my attention the ...
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June 3, 2018
June 3, 2018
What story does the product that you sell hold? Zwilling J.A. Henkels shares its history via this picture about its shop on Fifth Avenue before World War II. (...itβs a guess, but it being a Germany company probably didnβt bode well for it after the war.)
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April 17, 2017
April 17, 2017
From Sunday's NY Times, this article highlights how retail is at a tipping point with the shift from brick & mortar to e-commerce. While it is a big concern to all, we have you covered: Bridge has helped its retailers process 32% more in sales over the last year vs the year before. Bridge's mobile retail software has seen an increase of 55% year over year. As the retail landscape continues to shift, we are moving right along with it.
At $2,985 per square foot, is it any wonder that luxury stores are leaving 5th Avenue? It is not only the rent, but the shift to online sales and the lack of tourism according to the NY Times.
The headline is scary. The article states less drastically that "comparable store" sales which include stores open a year or more and online sales are down 5%. Translation: Neiman's may need to work smarter to compete online because consumer purchases are definltey increasing there. And don't feel too bad for Neimans: it still had a profit of $3.8 million.
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September 21, 2015
September 21, 2015
Baccarat has come a long way in 200+ years: Congrats on its new luxury hotel on 53rd St. and Fifth Avenue
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July 16, 2015
July 16, 2015
An Invitation from Cheeks & Worth New York!
Fall is here...but before you shop for fabulous clothes you'll want the perfect foundation garments. Let lingerie and foundation expert Ilene Levy of Cheeks share her secrets for...uplifted tops and seamless bottoms!! Join us for a cheeky shopping event with all the foundation goodies you'll need for the season ahead (and below)!!
Sunday July 19th 11am-1 pm
Worth New York Studio 100 Fifth Avenue at Liberty, 10th Floor Pittsburgh PA 15222
Please see below. This article from today's Wall St. Journal explores the expectation for free shipping when buying online. My advice to clients: - Let's better promote our free shipping offer for orders made online. - Let's e-mail a coupon to past customers either for an amount off the purchase, or something about free shipping. - Can we lower our free shipping baseline, or offer a free upgrade to quicker shipping? aka: 2 day shipping?