Barneys and JC Penney, the end is near

Barneys of New York as they are preparing themselves for a Chapter 11 bankruptcy, they find that morale is low and vendors want their merchandise back!!! An employee who wishes to remain anonymous has stated that certain designers have asked for a return now for their merchandise bypassing the usual return to vendor (RTV). The…

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Trump going ahead with tariffs on Chinese goods

Trump said he will place a tariff on $300 billion of Chinese goods coming into the US. That just about covers all Chinese goods coming into the US. The new tariffs could hit US consumers harder than the earlier rounds. It would tax goods like iPhones and other consumer electronics, sneakers, and toys. Last year, Trump…

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Green is for August and we are going green

This is not about green the color of money, or green grass, or jealousy, or eco anything, it’s just about the heavenly color green. And it is more than just a color. In retail, if you ask customers what their favorite color is, nine times out of ten you will hear if not bleu then…

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Jewelry industry concerned about our natural resources

The jewelry industry seems to be concerned about finding a less damaging way to create jewelry, and give back to the communities who provide their materials. Apparently, jewelers are designing sustainable jewelry and have been for a while, but it is now being brought to the attention of the consumer. And what this means is…

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A little of this and a little of that

On July 24, a teacher from Nebraska found a two-carat brandy colored diamond. Of the 226 diamonds found this year, this one is the largest. The Crater of Diamonds is the only park in the world that lets the general public search for diamonds. Among the notable finds since its opening in 1972: the Strawn-Wagner, a 1.09 ct.…

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The talk around the coffee machine

THE END OF MINI TOILETRIES Intercontinental Hotels who own Holiday Inn and Crowne Plaza hotels will be eliminating those cute mini shampoos, conditioner, shower caps, soaps, and lotion beginning in 2021. So no more collecting little mini bottles of stuff from the hotel. It’s not like we can’t afford to bring our own, they are…

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Victoria’s Secret

Victoria’s Secret has a problem with the past and a problem with the future and that leaves the present in a muddle of controversy. Jeffrey Epstein is supposed to be history at Victoria’s Secret—and at its parent company, L Brands Inc., for that matter—but he’s that skeleton that keeps rattling around the closet to remind everyone…

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Personalized Pricing

Personalized pricing is just one of the things brought about because of e-commerce. Personalized pricing — which is practiced elsewhere on the internet. Probably more prevalent, and more important to surviving in the current market, is dynamic pricing, which allows retailers to change prices in an instant based on data about their competitors, among other…

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JCP hit the list of concerned loans, high risk of default

JCP denied speaking to advisers earlier this week with concern over the status of their loan and sales continuing to decline. Apparently they didn’t think anyone would notice they are floundering like the entire retail world is aware of it. J.C. Penney is among the latest additions to Fitch Rating’s “loans of concern” list, indicating…

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Retailers are judging consumers by using a secret surveillance score

The next time you go to a website there is a chance that the company from which you are about to purchase a designer dress or a skincare product or a vacation package has an individual profile of you. It is not merely a history of your purchases, your sizing details, or your credit card…

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