Last Wednesday Shopko, a general merchandise retailer with 333 stores, filed for chapter 11 bankruptcy. On January 17th, SGB Media published an article on Shopko and the filing by Thomas J. Ryan with the title, “Shopko Becomes Latest Casualty Of Online Disruption.” I took umbrage at the suggestion that online disruption was the primary cause […]
What Caused Shopko to File for Bankruptcy? Two Parts to the Puzzle. Read More »
Technology that has value tends to get better and cheaper. I can’t think of a reason that won’t be true for the Zozosuit. “Japanese retailer Zozo, which operates Zozotown, the country’s largest online fashion marketplace, has developed a figure-hugging bodysuit featuring lots of uniquely patterned dots.” “As you turn slowly round, your smartphone takes photos,
What Happens When the Apparel You Buy Fits Perfectly Every Time? Read More »
Back in 2012 A&F had 946 U.S. stores. They ended the most recent quarter with 684 (plus 195 international stores). In the immortal words of Gary Schoenfeld in his first earnings conference call as CEO of Pac Sun however many years ago it was, “Nobody needs 900 Pac Sun stores.” Nobody needed 946 A&F stores
It Probably Wasn’t the Plan; Abercrombie & Fitch’s November 3rd Quarter. Read More »
Tilly’s sales for the quarter ended October 28th were down 3.9%, or $6 million, to $146.8 million from last year’s quarter. However, the decline was due to “…the calendar shift impact of the 53rd week in fiscal 2017’s retail calendar, which caused a portion of the high sales volume back-to-school season to shift into the
Popups, Extra Week, Higher Costs; Tilly’s Quarter Read More »