Although the upcoming holiday season is poised to show better sales than prior years, second-tier department and chain stores, as well as some specialty apparel players, are seen by analysts as facing an uphill battle as shoppers continue to shift dollars to other segments and spend more money online.
The outlook reiterates the need to have a buttoned-up omnichannel strategy that leverages consumer data and preferences — especially online — while also reprioritizing physical stores. Looming on the horizon is Amazon, which is projected by FTI Consulting to garner half of all U.S. online sales in the next decade, which would total $500 billion. And Wal-Mart Stores Inc. and Target Corp. have reemerged as fierce competitors to traditional department store retailing as each are bolstering their supply chains and online capabilities.
The iconic Tiffany & Co. Fifth Avenue flagship will have a whole new look come 2021, reports @mistywhitesidell . The 10-story store is being expanded and renovated under the vision of chief artistic officer, Reed Krakoff. #wwdnews
“I feel like the [Emmy] nomination is this absurdly generous bonus to something that I’ve already been excited by for quite some time now,” Darren Criss tells @ktauer about his nomination for his role as Andrew Cunanan in The Assassination of Gianni Versace: American Crime Story, “My general attitude toward life is I hope for everything but expect nothing. But when you’re playing for the Warriors, there’s a good chance you’ll make it to the championships. And I’m not saying I’m Steph Curry, but when you’re on [showrunner] Ryan Murphy’s team, it seems more palpable than ever,” he continues. (Criss previously starred on “Glee,” another Murphy creation, although they didn’t directly work together.) “I feel like I’ve already won the lottery.” Read more in WWD.com (📸: @lexieblacklock ) #wwdeye #darrencriss #americancrimestory #emmys2018