Jack Erwin co-founders Lane Gerson and Ariel Nelson were just two guys who shared a passion for dressing well. Out shopping one Saturday, they were looking for a solution to the common male conundrum: Where do I buy dress shoes for a special occasion that are simple, clean, attractive and inexpensive?
Time ran out for RadioShack last week, when the retailer filed for Chapter 11 bankruptcy protection, ending a storied 94 year run. But this doesn't mean that we won't have RadioShack to kick around anymore. Not entirely.
It's the rare person today that isn't touched in some way by social media, and it's the even rarer business that isn't trying to figure out how to best use these burgeoning channels in a variety of ways.
While many retailers in the consumer electronics or technology categories are focused on increasingly high-definition TVs, sound bars, headphones and wearables, the burgeoning Internet of Things (IoT) promises to connect these devices in a way that very well could change how we live. And it stands to give retailers a boost, too.
Shoppers will now be able to purchase fashion apparel on designer Pamella Roland's website. A selection of the brand's contemporary line will now be available online as Roland looks to e-commerce for growth.
Roland said the idea to open up the site for retail came from watching her daughters shop, reported Women's Wear Daily.
> Former White House press secretary Jay Carney will join Amazon on Monday as the digital retailer's senior VP of worldwide corporate affairs. The newly-created position would combine the company's worldwide public relations and public policy departments into one, led by Carney. He will work from both the retailer's Seattle headquarters and its office in Washington, D.C., and Paul Misener will still run Amazon's lobbying efforts from the latter. The move means that Carney will no longer act as a senior political analyst for CNN so that he can focus on his work with Amazon. Misener and Public Relations Chief Craig Berman will both report to Carney, who will answer to CEO Jeff Bezos directly. Story
> American Apparel named two new members of its executive team. Thoryn Stephens (left) will join the company as chief digital officer, a new position, while Cynthia Erland will take over as senior VP of marketing. Both changes will become effective March 9. Stephens will be responsible for optimizing the retailer's digital marketing, data analytics and e-commerce strategies. Before joining American Apparel, he was VP of data science at Tillster. Erland will take charge of the company's marketing and communications program. She has 20 years of experience in the fashion and entertainment industries as a marketing executive. She has acted as a senior marketing executive for Perry Ellis International, C&C California, Universal Studios and E! Networks. Story
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The luxury retail market is doing well. Reports at the end of 2014 showed that many of the high-end brands, Diane von Furstenberg, Bergdorf Goodman, Barney's New York, Michael Kors and Saks Fifth Avenue are reporting increases in sales and revenue and are expanding their physical and online presences globally.
Women's apparel retailer Nasty Gal announced a $16 million investment led by Ron Johnson, the former retail boss of Apple and former CEO of JCPenney. The investment in the Los Angeles-based company also comes with a seat on the board.
Barnes & Noble announced a separation of its college business from its retail and Nook digital business. The planned separation will result in two independent, publicly traded companies, to be completed by the close of August, 2015. The company believes that the separation of Barnes & Noble Education will allow each business to optimize opportunities and benefit from the clarity of separate management.
In an auction for what remains of RadioShack's 2,000 store locations, GameStop won the right to take over more than 160 stores. According to court documents filed in Wilmington, Delaware, by the bankrupt consumer electronics retailer, GameStop's Spring Communications Holding Inc. will pay $15,000 per store to take over leases in the United States, choosing the locations it wants to buy, reported Bloomberg.
Online retail giant Amazon could be opening offices in South Korea as early as March, according to Donga Daily News reports. Amazon would be a direct competitor with Gmarket, an already established local online auction and shopping site. Amazon is looking for employees with experience in Korea's online retail business, reported CNET. There are an estimated 300 jobs to be filled, mostly IT. The retailer's website lists several positions vacant in Seoul.
Former White House Press Secretary Jay Carney will join Amazon on Monday as the digital retailer's senior VP for worldwide corporate affairs.
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Alibaba continues to draw more users to its mobile business as it embarks a battle with a competitive mobile platform and tries to grow transactions made on the site's mobile wallet.
Integral Ad Science, a provider of digital ad measurement, announced it has received accreditation from the Media Rating Council (MRC) for its video ad viewability measurement technology.