In today’s top retail news, Neiman Marcus’ new strategy has some experts bullish about the brand’s prospects post-bankruptcy, while auction houses and art dealerships are figuring out how to deliver a seamless digital experience for consumers. Also, eCommerce platform Wish warns investors it may not rebound from a disappointing quarter until late this year, and YourMechanic introduces a new auto repair app.
A Year After Exiting Bankruptcy, A More Focused Neiman Marcus Emerges
Nearly a year after emerging from Chapter 11 bankruptcy, Neiman Marcus is reemerging with a new marketing campaign meant to reintroduce the brand to the world and chart a path forward for the beleaguered department store. Though it remains to be seen whether the company’s “Re-Introduce Yourself” campaign, announced earlier this week, will bring shoppers back to Neiman, some experts say they’re bullish on the brand’s prospects.
Fulfillment Infrastructure For Art, Antiques Catching Up To Digital Age
When it comes to buying antiques, art and collectible items from auction houses, the eCommerce experience isn’t exactly seamless, with consumers often required to perform one transaction for the item and another for shipping. “The collectible ecosystem is really one of the last frontiers to go digital,” Adam Fields, founder and CEO of logistics software company ARTA, told PYMNTS.
eCommerce Platform Wish Vows Rebound From Lackluster Q2
Wish Founder and CEO Piotr Szulczewski said his company is keenly aware of the reasons it turned in a quarterly performance that showed a 6 percent drop in revenue from the previous year, but it will likely take until the fourth quarter of the year to fully rebound. The eCommerce platform saw an overall year-to-year revenue dip to $656 million in the second quarter. Core marketplace revenue took the biggest hit, down 32 percent.
YourMechanic Unveils Auto Repair App
Mobile auto repair company YourMechanic has introduced a consumer app on iOS and Android, a move that allows car owners to order hundreds of auto repair and maintenance services and have them done wherever is most convenient for the users. YourMechanic, which deploys its mobile car service in 3,000 U.S. cities, launched the app in response to customer demand, noting repeat business represents about 40 percent of the company’s revenue.
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NEW PYMNTS DATA: 58 PERCENT OF MULTINATIONAL FIRMS ARE USING CRYPTOCURRENCY
About: In spite of their price volatility and regulatory uncertainty, new PYMNTS research shows that 58 percent of multinational firms are already using at least one form of cryptocurrency — especially when moving funds across borders. The new Cryptocurrency, Blockchain and Global Business survey, a PYMNTS and Circle collaboration, polls 500 executives looks at the potential and the pitfalls facing crypto as it moves into the financial mainstream.
In at present’s prime retail information, Neiman Marcus’ new technique has some consultants bullish in regards to the model’s prospects post-bankruptcy, whereas public sale homes and artwork dealerships are determining easy methods to ship a seamless digital expertise for customers. Additionally, eCommerce platform Want warns buyers it could not rebound from a disappointing quarter till late this 12 months, and YourMechanic introduces a brand new auto restore app.
A Yr After Exiting Chapter, A Extra Centered Neiman Marcus Emerges
Practically a 12 months after rising from Chapter 11 chapter, Neiman Marcus is reemerging with a brand new advertising marketing campaign meant to reintroduce the model to the world and chart a path ahead for the beleaguered division retailer. Although it stays to be seen whether or not the corporate’s “Re-Introduce Your self” marketing campaign, introduced earlier this week, will convey consumers again to Neiman, some consultants say they’re bullish on the model’s prospects.
Success Infrastructure For Artwork, Antiques Catching Up To Digital Age
In the case of shopping for antiques, artwork and collectible objects from public sale homes, the eCommerce expertise isn’t precisely seamless, with customers usually required to carry out one transaction for the merchandise and one other for delivery. “The collectible ecosystem is actually one of many final frontiers to go digital,” Adam Fields, founder and CEO of logistics software program firm ARTA, advised PYMNTS.
eCommerce Platform Want Vows Rebound From Lackluster Q2
Want Founder and CEO Piotr Szulczewski mentioned his firm is keenly conscious of the explanations it turned in a quarterly efficiency that confirmed a 6 p.c drop in income from the earlier 12 months, however it’ll possible take till the fourth quarter of the 12 months to totally rebound. The eCommerce platform noticed an general year-to-year income dip to $656 million within the second quarter. Core market income took the largest hit, down 32 p.c.
YourMechanic Unveils Auto Restore App
Cell auto restore firm YourMechanic has launched a client app on iOS and Android, a transfer that enables automotive house owners to order tons of of auto restore and upkeep companies and have them completed wherever is most handy for the customers. YourMechanic, which deploys its cellular automotive service in 3,000 U.S. cities, launched the app in response to buyer demand, noting repeat enterprise represents about 40 p.c of the corporate’s income.
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NEW PYMNTS DATA: 58 PERCENT OF MULTINATIONAL FIRMS ARE USING CRYPTOCURRENCY
About: Regardless of their value volatility and regulatory uncertainty, new PYMNTS analysis exhibits that 58 p.c of multinational companies are already utilizing a minimum of one type of cryptocurrency — particularly when transferring funds throughout borders. The brand new Cryptocurrency, Blockchain and International Enterprise survey, a PYMNTS and Circle collaboration, polls 500 executives seems to be on the potential and the pitfalls dealing with crypto because it strikes into the monetary mainstream.
