In today’s top retail news, The Saadia Group has introduced the Lord & Taylor brand as an online “collective store,” while Snap Finance has teamed with Affirm. Plus, Warby Parker is reportedly getting ready to go public.
Lord & Taylor Says ‘Hello Again’ to Loyal Customers After Post-Bankruptcy Relaunch
The Saadia Group has debuted the iconic Lord & Taylor brand as a digital “collective store.” On Wednesday (April 21), a banner on the Lord & Taylor website said “Hello Again!’” Jack Saadia, principal and co-founder of The Saadia Group, said in an announcement: “We are deeply committed to continuing the rich legacy of the brand in a progressive way.”
Snap Finance, Affirm Collaborate to Expand Retail Payment Options
Snap Finance, the digital financing company, is collaborating with Affirm. Retailers that use Snap can now integrate Affirm’s additional financing choices to take in more sales from “high-intent shoppers” and offer alternative payments to individuals who are building or rebuilding their credit profiles. Affirm currently teams with over 7,900 retailers in the U.S.
Eyewear Retailer Warby Parker Mulls IPO After 10 Years of Innovation and Growth
Following six different rounds of fundraising over the last decade, online and retail eyewear chain Warby Parker is reportedly gearing up to go public. The firm could roll out its initial public offering (IPO) in 2021. In a decade, Warby Parker has gone from a concept to something of a retailing icon for its pioneering effort to improve the art of D2C selling.
Rebag’s AI Solution Brings Transparency, Confidence to Luxury Resale Market
Rebag, the New York-based reCommerce platform, has debuted a unique new digital pricing tool. “Rebag’s overarching goal is to bring transparency and standardization to the luxury resale market, so that the consumer’s buying and selling experiences can be as easy and simple as possible,” Rebag Founder and CEO Charles Gorra previously told PYMNTS.
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