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Retail Law Advisor

Tag Archives: millennials

#Trending: Omnichannel Loyalty and Leveraging Social Media Channels

Posted in Retail

Technological advancements in the current digital age allow consumers to browse and buy products on smartphones and tablets, bringing an unlimited number of retail options to their fingertips—literally. Thus, in an effort to distinguish themselves, many brands are adopting omnichannel-based customer loyalty programs in favor of more traditional programs. Omnichannel loyalty is the practice of… Continue Reading

The “Sharing Economy” Creeps into Retail

Posted in Retail

Millenials are having an increasing impact on the retail industry. Reports estimate that the generation’s, defined as people born between 1982 and 2004, spending will soon account for approximately 30% of all retail sales, as this blog recently discussed. Millenials were hit hard by the financial crisis of 2008 and the ensuing recession by coming… Continue Reading

Off-Price Retail Therapy for Landlords: New Opportunity in the Age of Millennials

Posted in Bankruptcy, Landlords, Retail, Retail Sales, Tenant

On March 2nd, after much media speculation, Sports Authority commenced a case under chapter 11 of the United States Bankruptcy Code. In its initial bankruptcy filings, the company’s CFO announced that it will close up to 200 of its 464 stores over the course of the bankruptcy case. Sports Authority has already commenced liquidation sales… Continue Reading