Jim Fantazzia

Nike ranks fourth on Depop and second on eBay with over 219,000 and 893,000 items, respectively. #Retail #TextileRetail #ApparelRetail #RetailNews #DailyNews #Nike #ApparelResources #ApparelIndustry #RetailIndustry #FashionBrand

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The CEO of The TJX Companies, Inc. wants to capture additional market share around the world, as the popularity of off-price shopping at their stores continues to grow and attract customers of every age and annual household income. “Our off price business model is extremely flexible and resilient, and I believe we are set up for a long runway of exciting growth in our geographies around the world,” Ernie Herrman told analysts last week during a conference call on first quarter earnings results. According to Sourcing Journal, for the first quarter ended May 4, net sales rose 5.9 percent to $12.48 billion from $11.78 billion. By division, U.S. Marmaxx—T.J. Maxx and Marshalls banners—sales rose 5 percent to nearly $7.8 billion, with comps up 2 percent. https://lnkd.in/eYprTN6a #gbtrealty #offpriceretail #TJXCompanies #TJMaxx #Marshalls #buildingvalue #retail #shopping #growth

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Tough reporting day for Kohl’s, surprising with soft Q1 sales. On the plus side:  -Delivered gross margin expansion and managed down inventory  -Early success in underpenetrated categories, positive trends in Women’s, and continued strong Sephora growth.  -New opportunity through Kohl’s Babies “R” Us partnership For a summary of today’s highlights, see MPG’s Earnings Report Recap below. For a conversation on the implications for your brand strategies, reach out to Jaspreet Kaleka. #retail #marketing #Kohls #omnichannel #mpg #marketperformancegroup

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TJX Companies, the Framingham-based parent that oversees low-cost retailers TJ Maxx, Marshalls, and Home Goods, is equipping some of its floor employees with body cameras in an effort to mitigate shoplifting. The program, announced in an earnings call in May, is in response to increasing levels of retail theft and lost merchandise, known in the industry as “shrinkage.” Financial losses from shrink, which includes theft as well as fraud and employee error, swelled to $112.1 billion for all retailers in 2022, according to the most recent figures from the National Retail Federation. However, the alarm over shoplifting has drawn skepticism from some quarters. Read the full story. https://trib.al/cHsBU6d

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𝗧𝗝𝗫 𝗜𝘀 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝟭,𝟯𝟬𝟬 𝗡𝗲𝘄 𝗦𝘁𝗼𝗿𝗲𝘀 (Thoughts from our Founder & CEO) — While many retailers are caving, The TJX Companies, Inc. plan to add 1,300 new stores to its current count of 4,972 spread across 9 countries. With no limitations on brand or category segments, TJX is continually resetting the floor — allowing the retailer to consistently attract new shoppers with the latest merchandise and brands. What else makes up TJX's formula for retail success in our dynamic and unpredictable marketplace? Let's discuss. ➡️https://lnkd.in/eRG4vtVx — Robin Lewis

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We shared our thoughts with CNBC regarding the continued momentum in the off-price channel and the retailer's consumer-centric strategy. #offprice #retail #JHA https://lnkd.in/etMw8rzC

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Let’s talk Retail. Every Branch and Area Manager understands that keyholding can be the key to efficient store operations (pardon the pun). Currently, many retail locations rely on assigned staff to be on time and unlock the doors. However, keys do occasionally get lost, or the keyholder decides on a “sudden career change” and simply walks away with keys in his pocket. And what about security? When the alarms go off, you would want someone on-site right away to check the premises for intruders and update you immediately. That’s why keys should be stored securely at the point of entry! Here’s a brief overview of the most obvious benefits of our key management solution for the Retail sector! If you’d like to dive deeper, learn more on our website: https://lnkd.in/egZyvBK6 #Retail #Keyholding #KeyManagement #FM #AccessControl #SecurityProducts

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Gap shares pop 20% as earnings beat on sales growth at all four brands. Gap beat quarterly estimates on the top and bottom lines, leading the retailer to raise its full-year guidance. The apparel company’s CEO Richard Dickson told CNBC, “we’re delivering what we said we were going to deliver to our shareholders.” All four of Gap’s brands — its namesake banner, Old Navy, Athleta and Banana Republic — posted positive comparable sales for the first time in years. $GPS https://lnkd.in/g6t3iRPH #tradeguard #receivableputoptions #arputs #receivableputs #tradereceivables #accountsreceivables

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ORC is a problem, but it's not a retailer's only problem. In fact, almost 83% of all pushout theft is opportunistic due to the ease of loading a cart & pushing it out the store's exit...undetected. Learn how Purchek® technology can help solve for both: https://lnkd.in/di4jiBpv #lossprevention #theftprevention #employeesafety #retailtechnology

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ORC is a problem, but it's not a retailer's only problem. In fact, almost 83% of all pushout theft is opportunistic due to the ease of loading a cart & pushing it out the store's exit...undetected. Learn how the Purchek® technology can help solve for both: https://lnkd.in/di4jiBpv #lossprevention #theftprevention #employeesafety #retailtechnology

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The Retail’s Best panel discussion is currently underway! Risk vs Reward: When will be the tipping point? #RetailTogether

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It's interesting how retailers are slowly landing on the same three options for Self Checkout refinement to solve shrink. 1. Adding employee assisted checkout, 2. Adding barriers to leaving the store without confirmation of purchase (mechanical or human) or as a last resort, 3. Completely eliminating the option. From the consumer perspective its slowly becoming a negative experience... Curious what other options might exist..

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🛍️ Retail Media Monday 💭 Surjeet Notay is making impact 💥 as a Snappy legend, a remarkable community retailer, and an all-around top bloke. 🌟 Give him a follow @notayconveniencestores (TikTok) https://lnkd.in/eH_2RN8F? (Facebook) I admire the power retailers have to connect with more local shoppers, expanding their reach up to 2 miles around their store 🛒. This not only benefits the brand but also drives product sales and category growth, increasing basket incidence and overall sales! 📈 What's truly remarkable is the local value this brings, aiding shoppers and fueling delivery sales, attracting new customers, and boosting repeat business 🌟 For brands, this is a golden opportunity to enhance their presence in the convenience sector, generating sales both in B2B and out to B2C customers 💼 Fantastic examples of hyper-local success stories are being seen on social media platforms like TikTok, Facebook, and Instagram 📱. Retailers leveraging this channel are experiencing substantial brand growth with Snappy Shopper Don't miss out on the chance to explore the unique media offerings of Snappy and elevate your brand presence in this wonderful sector! 🛒💡 #RetailMedia #BrandGrowth #LocalValue #SnappyShopper #CommunityRetailing #SnappyAds #Delivery #QuickCommerce #Retail #Convenience

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Don't let guest shoppers slip away after a single purchase. Activate XIRCLS Flash Accounts - a discreet account creation prompt that appears on your store's post-purchase Thank You page. Encourage guest shoppers to sign up, providing a clear indication of long-term interest that you can leverage for future marketing. Install Flash Accounts today to increase repurchases and boost customer loyalty in your brand. Know more:​ https://lnkd.in/eyf9aZbQ #MarTech #FlashAccounts #XIRCLS #Marketing #Loyalty #Signup​ #GuestCheckouts #CustomerLoyalty #NoMoreDropOffs #BounceRate #AbandonedCheckouts #Ecommerce #OneTimePurchase

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Retail. Is. TRENDING. Why? Chris Ressa and Scott Auster tell us in this week's Retail Retold podcast. 👉 How have negotiations over lease concessions shifted recently? 👉 What types of store delivery conditions have been increasing recently? 👉 Why are stores going to have “a little more character” in the near future? 👉 Which lease terms have shifted in favor of property owners since COVID? 👉 How to navigate technical definitions in exclusive use lease clauses? Listen here or wherever you tune in to podcasts: https://bit.ly/4aWMHJ1 #CRE #RetailRealEstate #ThoughtLeadership #RessaOnRealEstate

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