In today’s top retail news, Ethan Allen Interiors anticipates reporting retail segment written orders growth of 44.9 percent from the prior year for the company’s second quarter, while Christopher & Banks Corporation has voluntarily filed for Chapter 11 bankruptcy. Plus, a new Toshiba Global Commerce Solutions offering provides retailers with “Amazon Go at scale.”
Ethan Allen Expects 44.9 Pct Retail Written Orders Growth
Ethan Allen Interiors foresees reporting retail segment written orders growth of 44.9 percent from the prior year for its Q2, which ended on Dec. 31. In addition, the company expects to report adjusted earnings per share (EPS) in a window ranging from 67 cents to 69 cents on consolidated net sales of $178.8 million.
Christopher & Banks Seeks Chapter 11 Bankruptcy
Christopher & Banks Corp. has voluntarily sought Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of New Jersey. The company, which is based in Minnesota, showcases women’s apparel and accessories. As of Jan. 13, it operated just below 450 retail locations in 44 states.
New Toshiba Commerce System Offers Retailers ‘Amazon Go At Scale’
Toshiba Global Commerce Solutions’ Elera seeks to have a cloud-enabled solution take the place of legacy in-store IT systems. Rance Poehler, CEO of Toshiba Global Commerce Solutions, and others on his team told PYMNTS after the rollout that Elera seeks to be “Amazon Go at scale.” Elera’s name derives from the term “accelerate.”
Why Target Crushed Holiday Sales While Nordstrom And Urban Outfitters Flopped
Last year’s holiday shopping season is appearing to be a tale of two kinds of merchants. As Target crushed online commerce and even registered decent in-store sales volume, brands such as Urban Outfitters and Nordstrom experienced weak in-store traffic that even fairly positive online volume couldn’t surmount. Nordstrom reported that net sales dropped by roughly 22 percent over the nine weeks to Jan. 2 even as digital sales rose by double digit percentages.
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