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March 11, 2015
Google has opened its first ever store, located in London, as an increasing number of digital companies are looking to get closer to their customers. The Google Shop will be based inside U.K. electronics retailer Currys PC World on London's Tottenham Court Road - a street packed with tech and gadget retailers and a short distance from Apple's U.K. flagship store.
March 11, 2015
Target cut 1,700 people at its corporate offices in the Twin Cities on Tuesday, the largest downsizing of its headquarters staff ever. The retailer's top managers had set the company's employees on edge a week before by announcing plans to cut "several thousand" corporate jobs. On Tuesday, they lost no time in implementing their plan, with workers cut loose en masse.
March 10, 2015
Neiman Marcus rocked the house at last year's SXSW-and the luxury retailer returns to Austin, Texas, this year as part its "Make Some Noise" initiative, celebrating women who "rock" in their respective fields. The program, which runs March 18-20, will feature panel discussions by day and performances from cutting-edge artists by
March 10, 2015
Yesterday, Square announced a new program for merchants that protects them when customers dispute purchases. When buyers contest a charge on their credit or debit card, that money is immediately put on hold. That means the merchant loses the money generated from the sale as well as the product or service it sold. Square is giving merchants in the U.S. and Canada access to chargeback protection, which will cover the money being held in instances of fraud. Meaning, sellers won't lose out on sales that are being contested. Square will cover expenses related to sales disputes up to $250 per month.
March 10, 2015
A little more than a month after filing for Chapter 11 bankruptcy protection, specialty women's apparel retailer Cache is throwing in the towel. Advisory and valuation services provider Great American Group, which won a bid for Cache's assets at a March 3 bankruptcy auction, has begun "going out of business" sales for all Cache's retail locations in the U.S., the Virgin Islands and Puerto Rico. The sale will offer significant discounts on the retailer's inventory of women's apparel and accessories. Select furniture, fixtures and equipment at stores, warehouses and corporate offices will also be for sale.
March 10, 2015
Scott Jordan wants to save the in-flight catalog SkyMall, but right now the airlines aren't returning his calls, he told CNBC on Monday. SkyMall filed for bankruptcy protection earlier this year and Jordan, CEO of ScotteVest, plans to bid for its assets during an auction later this month. "SkyMall's value is entirely dependent, in my opinion, upon deals with all the airlines and unfortunately most if not all the airline contracts with SkyMall have expired or are up for renewal/renegotiation," he said in an interview with "Closing Bell."
March 10, 2015
PetSmart's investors have officially approved a buyout of the company by a private equity firm, setting up a payout to stockholders of $83 per share. In December, PetSmart announced it accepted a bid on the company for $8.7 billion. The company expects the transaction to close on March 11. The buyout means PetSmart will become a private company.
March 10, 2015
Barnes & Noble is adding Flashnotes.com to its college bookstore business ahead of a spin off of the unit coming later this year. Bloomberg's Matt Townsend reports on "In The Loop."
March 9, 2015
"Inside RadioShack's Slow-Motion Collapse" is the headline of a six-page cover story in Bloomberg Businessweek last month. Why did RadioShack bite the dust? Let's take a tour of the Businessweek story to find out. As Businessweek pointed out, "It didn't have to be this way." If only RadioShack management didn't keep switching identities. If only RadioShack managers didn't keep rearranging the stores. If only RadioShack's employees weren't so aggressive. If only …
March 9, 2015
Who's ready for an Apple Watch? It's Apple's first foray into a new product category since 2010's iPad, and its debut in the growing wearables market. The watch will be previewed Monday at a press event in San Francisco, starting at 1 p.m. ET. Apple CEO Tim Cook is expected to lead the presentation, as he usually does, followed by other Apple execs, and developers who will present apps they've created for the watch.
