Oh, and while you are doing that, get the daughters and maybe even the granddaughters of your legacy customers to shop with you.
The founders of REV, Tai Lopez and Alex Mehr, have made a name for themselves in the retail world by buying failed and struggling brands with well-known, and - they believe - beloved names. The REV strategy is that in the wide, wide world of the internet, a customer searching the web will go with a name they recognize, before they buy from an unknown. That bet seemed a bit riskier for Dressbarn, with a customer base not known for embracing ecommerce.
But within three months of the relaunch of Dressbarn. She has brought to Dressbarn new ways of connecting with customers through social media and the Dressbarn. She did that with lots of email and social media outreach to customers, including live shows with Dressbarn employees and models trying on new fashions in their homes and filming it on their phones, and takeovers of the Dressbarn social media feeds by fashion bloggers who are fans of the brand.
News Analysis Analysis Comment Interviews. Companies A-Z Thought Leaders. Their website screams value, which should attract many new customers as well. Retail Ecommerce Ventures acquired two others well known intellectual properties recently as well — Pier 1 and Modell Sporting Goods.
It is likely that these two names will also shine in the e-commerce firmament. I am watching. This is a BETA experience. You may opt-out by clicking here. Liquidation sales at the remaining stores will begin Nov. Store fixtures, furnishings and equipment also will be for sale. The retailer has partnered with liquidation firm Gordon Brothers to assist in the store closure process.
During its fiscal Q4, the group finalized the sale of its Maurices division to an affiliate of British private equity firm OpCapita. Earlier this month in a Q4 earnings call, interim Executive Chairman Carrie Teffner noted that Ascena is not considering filing for bankruptcy despite financial struggles across its brands in recent years. Get access to exclusive content including newsletters, reports, research, videos, podcasts, and much more.
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