aggregatedcontent
July 6, 2015 at 2:08 pm
Dollar Tree is expected to complete its purchase of Matthews, N.C.-based Family Dollar today, drawing to a close a yearlong takeover saga that included a separate buyout attempt from another discount retailer, Dollar General. It also will effectively end local ownership of the homegrown retail chain that traces its roots back to 1959, when Leon…
July 2, 2015 at 2:44 pm
It's hard to get Amazon.com to share information about past performance or future strategy, so a post titled "Amazon Says its Fashion Strategy Doesn't Involve Luxury Brands" sounded like someone got the company to open up a bit. That article linked to an interview with Amazon Fashion President Cathy Beaudoin in Business of Fashion. It smartly…
July 2, 2015 at 2:39 pm
Barnes & Noble, the nation’s largest retail bookseller, today announced that Ronald D. Boire has been named CEO of Barnes & Noble’s retail business, effective Sept. 8, 2015. Mr. Boire is currently president and chief executive officer, and a member of the board of directors, Sears Canada.
July 2, 2015 at 2:27 pm
Best Buy’s alliance with Samsung is getting even deeper. The Richfield, Minn.-based electronics retailer already has two store-within-a-store spaces dedicated to Samsung products — one for TVs and the other for smartphones and mobile devices. Now, in some stores, it will add a Samsung-branded space for appliances. The “Samsung Open House,” a roughly 20-by-20-foot area, was installed…
July 1, 2015 at 3:18 pm
Macy's is pulling Donald Trump brand merchandise from its stores after the Republican presidential candidate's recent controversial remarks created a public uproar. The department store has come under intense pressure to cut ties with the real estate magnate and businessman after he referred to immigrants from Mexico and other countries as "killers and rapists." In…
July 1, 2015 at 2:45 pm
Donna Karan is stepping down from her post as chief designer of Donna Karan International (DKI). The company announced on Tuesday that Karan made "a personal decision to step down from her day-to-day responsibilities" at her namesake brand. She'll shift her focus to Urban Zen, a standalone project she founded in 2007 that sells apparel, accessories,…
July 1, 2015 at 2:34 pm
Online retail giant Amazon.com has opened its Mexico site for business, offering free delivery on orders of over 599 pesos ($38.25). A statement posted on the Amazon.com.mx site Tuesday said “we are launching in Mexico with more categories, more items and more functions than any other international Amazon website has featured at launch.” Online shopping…
July 1, 2015 at 2:30 pm
A federal appeal court Tuesday upheld a ruling charging Apple of illegally conspiring to inflate e-book prices to consumers, despite a vigorous legal battle from the company. The appeal is a win for the Justice Department which accused the gadget maker in 2012 of orchestrating an abusive e-book pricing policy with book publishers. Many of…
July 1, 2015 at 2:20 pm
Nike co-founder Phil Knight said on Tuesday that he's stepping down as the sports gear giant’s chairman next year. Knight, 77, wants to stay involved with Nike after he steps down as chairman. The iconic businessman will transfer ownership of his shares in the company to a limited liability entity, Nike said in a statement.…
July 1, 2015 at 2:10 pm
RadioShack is still kicking — and it wants everyone to know it. The electronics chain filed for Chapter 11 bankruptcy protection in February and has since entered into a partnership with Sprint on more than 1,400 co-branded stores. Even as details of the brand's future are being hashed out, RadioShack has launched a marketing campaign…
