Retail Roundup—Lampert lends Sears $100M; Zumiez sales up 13%

Sears
Eddie Lampert lends Sears $100 million. (Mike Mozart/CC BY 2.0)

Sears CEO lends chain $100M

Sears CEO Edward Lampert has once again offered to help the struggling retailer by lending the chain $100 million. Lampert's hedge fund, ESL Investments, has also agreed to lend up to $100 million more before Dec. 1, leading into the holiday selling season. (Chicago Tribune)

37% of retailers offer click-and-collect

According to a new study by OrderDynamics, 37% of retailers are now offering click-and-collect. While almost 89% offer basic e-commerce services, many retailers still lag behind on certain omnichannel capabilities, such as BOPIS and buy online and return in-store, offered by nearly 60% of retailers. (Release)

Zumiez sales up 13%

Fashion retailer Zumiez has reported a successful quarter, with total sales increasing 12.6%, and comparable sales up 9.3%. The increase is a big jump over the same quarter last year, when comparable sales rose 6.3% (Seeking Alpha)

Net-A-Porter to launch AI service

Net-A-Porter has announced it would launch the use of artificial intelligence to select future clothing options for consumers. As a result of a recent investment in technology and personalized shopping, the online retailer is set to launch a picking robot that will select clothing based on where a customer is planning to go. (Retail Gazette)

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