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Express Launches Debt Restructuring Effort in Bid to Avoid Bankruptcy

Retail TouchPoints

Express’ ability to avoid bankruptcy hinges on whether its lenders will agree to provide more liquidity or loosen repayment options, and whether the company’s vendors will continue shipping goods without tightening payment schedules, the sources told WSJ.

Payments 264
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The 7 Perfect Verticals for Generating Recurring Revenue

Groove

Selling products online often means wild swings in revenue generation based upon trends, seasonality or consumer sentiments. On the flip side, upwards of 75% of a business’s revenue comes from these same months. Fashion & Apparel. Vitamins & Supplements. Most Americans feel that their wardrobe is sub-par.

Payments 195
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How Fashion Retailers Can Retain New E-Commerce Customers Past The Pandemic

Retail TouchPoints

Fashion retailers were hit hard by the COVID-19 outbreak, but the industry may have found a silver lining: an influx of new e-Commerce customers. This data frames the fashion industry’s recovery roadmap: work to retain new customers, and keep the former single-channel customers shopping online.

eCommerce 202
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Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

Revenues were down more than expected, decreasing 42% YoY to $78 million ; adjusted EBITDA was in line with expectations but still represented a loss of $66 million in the quarter; and monthly active users were down 48% to 12 million. “The The trade-off is long shipping times, another thing Wish is working hard to improve.

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Stores Represent a ‘Second Act’ for M.M.LaFleur’s Burgeoning Resale Program

Retail TouchPoints

M.M.LaFleur has garnered a loyal following for its elevated essentials and fashionable workwear. Second Act has seen double-digit revenue growth since its inception, with more than 50% growth over the last year alone. Once an item is sold, M.M.LaFleur sends the seller a shipping label so she can easily send it to the final buyer.

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What Does ‘Omnichannel’ Mean in 2021? How Marketplaces are Reshaping the Digital Landscape

Retail TouchPoints

The company sees itself sitting squarely in the center of the pack, catering primarily to mid-size businesses with $1 to $50 million in online revenue. If you have an ecommerce business, the second-most-important thing you should do is to sell across other channels.

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Neiman Marcus Group Takes Stake in Reseller Fashionphile, Adds Sustainability Partnerships

Retail TouchPoints

Customer who sell their luxury products to Fashionphile have the option of receiving payment in the form of a Neiman Marcus gift card and receive a 10% discount on the gift card value. Now, NMG has acquired a minority stake in Fashionphile and plans to open Fashionphile Selling Studios in an additional nine stores over the next nine months.