[95770] in Discussion of MIT-community interests
Survey-#12369103294 - Your $50-Dillards Points are Waiting.
daemon@ATHENA.MIT.EDU (DillardsRewards)
Sun Feb 26 19:05:16 2017
Date: Sun, 26 Feb 2017 17:04:26 -0700
Reply-To: DillardsRewards@deptstorenewbonus.com
To: mit-talk-mtg@charon.mit.edu
From: DillardsRewards <DillardsRewards@deptstorenewbonus.com>
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<td width="341" bgcolor="#000000" id="First">Your Bonus-Rewards Expiration-Notice No.123691031294</td>
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Dear mit-talk-mtg@charon.mit.edu,<br></td>
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<td height="127" id="Third"><p>Are you-aware that your $50-Dillard's Points are going to-expire in the next 24 hours? We wanted to reach-out so that you do not miss-out!</p>
<p>Redeem this-reward is simple; all you have to do is go below here and fill-out the quick-survey that follows about your Dillard's shopping-experience.</p></td>
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<td colspan="2" id="Next82"><p><br>From handbags to lingerie to accessories and more...Everything you could possible want!</p>
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<span style="font-weight: bold"><a href="http://newpoints.deptstorenewbonus.com">Go Here to Get Your Dillard's Reward-Points Now</a></span></p></td>
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<p>Please <a href="http://bhkw2.deptstorenewbonus.com">go-here</a> if you want.to.end these-bonusads.<br>
#_-2885 Sanford-Avenue S.W. #40442-Grandville.M.I.#494l8.</p>
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<p>Recalling when the picture for Macy's was grim, Lundgren said the worst moment was in mid-September 2008, when Lehman Bros. filed for bankruptcy and the stock market plunged. "Consumer reaction was immediate," he said. "We saw the reaction that afternoon. Consumers stopped shopping. It was a very scary time." He said he realized that Macy's needed to get leaner and more efficient. "I asked myself: 'How are we going to get better? If we were to start over, how would we operate differently?'?" The My Macy's initiative was part of the transformation, he said. Asked about the state of the U.S. economy, Lundgren said: "We see consumers feeling better and having more confidence in their spending in the past couple of years, although it's not happening across the board. "They're very focused on value and quality, and brands are very important to them. It works to our advantage, and we're gaining market share." Regional department store chain Dillard’s Inc. announced today that it has invested $4 million in Acumen Brands Inc., an e-commerce company that operates 12 specialty shops online. Dillard’s says it will tap into Acumen’s technology and marketing services expertise to help enhance Dillards.com, No. 136 in Internet Retailer’s Top 500 Guide. </p>
<p>“We are excited to partner with Acumen Brands, underscoring our continuing commitment to the growth of Dillards.com,” says Alex Dillard, Dillard’s president. “We look forward to collaborating with this highly talented team as we further develop our online presence.” Dillard’s generated $120 million in online sales in 2010, according to the Top 500 Guide. </p>
<p>Among Acumen Brands’ specialty e-retail sites are which sells camping and outdoor gear; TopSlugger.com, which sells baseball equipment and apparel; and HecticGourmet.com, which sells cookware and small kitchen appliances. All the sites operate on an e-commerce platform built in-house by Acumen Brands. Site operations and fulfillment are handled from Acumen Brands’ headquarters in Fayetteville, AR. Acumen Brands collected an additional $1 million from existing investors during this funding round. Dillard’s executive in charge of information technology and e-commerce, Kent Burnett, will join Acumen’s board as part of Dillard’s $4 million investment. Acumen Brands launched in 2009 and has 70 employees.</p>
<p>Dillard’s operates about 300 department stores in 29 states.As consumers increasingly turn to online shopping, big retailers like Macy’s (M) and Dillard’s Inc. (DDS) are feeling the pressure to cut costs and improve their online operations to reverse declining revenue.</p>
<p>Macy’s reported fourth quarter results Feb. 21 that showed a 2.2 percent decline in same-store sales, slightly better than the 2.1 percent decline analysts were expecting. Revenue was $8.5 billion, down from $8.8 billion in the fourth quarter of fiscal 2015.</p>
<p>In January, Cincinnati-based Macy’s announced cost-cutting measures aimed to improve its bottom line. In part, the retailer plans to shrink its footprint by closing 68 of its 730 U.S. stores this year. Macy’s is hoping those moves can help it “gain market share, return to growth and drive enhanced value for our shareholders over time,” said Macy’s CEO Terry J. Lundgren in a statement. (See also, Macy’s vs. Sears: 2 Beleaguered Retailers)</p>
<p>“While 2016 was not the year we expected, we made significant progress on key initiatives that are starting to bear fruit,” Lundgren said. Macy’s expects its cost-cutting measures will yield $550 million in annual savings starting this year. It said it plans to invest that money into operations like its Chinese unit and its e-commerce business.</p>
<p>Macy’s shares are down 9.7 percent year-to-date, in sharp contrast to the overall retail sector, which has been advancing this year. The S&P Retail Select Industry Index (SPSIRE) is up 5.1 percent year to date.</p>
<p>Like Macy’s, Dillard’s is also grappling with significant declines in customer traffic. On Feb. 21, Little Rock, Ark.-based Dillard's reported fourth quarter earnings of $0.35 per share that just beat the analyst estimates of $0.34 per share. But those earnings were less than half of the $0.75 in earnings Dillard's reported in the year-ago quarter. Revenue was $1.9 billion, above the Street view of $1.5 billion, but down from $2.1 billion in revenue in the same quarter a year prior.</p>
<p>"Our operating results reflect another quarter of mall traffic declines from continued retail industry challenges,” Dillard’s CEO William T. Dillard, II, said in a statement. "In response, we are ramping up our efforts to bring more distinctive brand and service experiences to Dillard's, both in-store and online."</p>
<p>Dillard’s shares have declined more than 24 percent in the past year, with the stock down 12.3 percent year-to-date. </p>
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