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This is Why Ohio is Becoming the E-Commerce Capital
April 12, 2016 at 11:11 am

Few consumers stop to think about e-commerce having a physical footprint because part of the beauty of online shopping is that it can be done nearly anywhere, anytime. However, fulfilling an online order takes a massive facility and big investments. The e-commerce hub for retail is not a major shopping area, but the Buckeye State.

Ikea’s Virtually Indestructible Receipt Tackles ‘Misconceptions’ About its Product
April 12, 2016 at 10:35 am

Ikea is the homeware brand known for affordable price points via fast interior products as opposed to investments for the future. "Misconceptions" surrounding said items include the lack of longevity, prompting the company’s latest campaign, which addresses these issues in a tongue-in-cheek manner. When returning or exchanging a defective product, for the majority of companies it’s…

American Apparel Cutting Factory Jobs
April 12, 2016 at 10:27 am

American Apparel Inc., which re-emerged from bankruptcy in February, plans to cut up to 450 jobs at its facilities in Garden Grove, downtown Los Angeles and South Gate, according to its workers’ union. The clothing maker and retailer laid off more than 80 employees at its Garden Grove factory and could cut a total of…

Kohl's, Best Buy and Macy's Look to Attack Amazon
April 11, 2016 at 11:32 am

Lookout, Amazon, same-day delivery services for struggling bricks-and-mortar retailers are going from test phase to full-scale operations. Department store retailer Kohl's has recently expanded its same-day delivery service to the Atlanta, Dallas, Houston, Los Angeles, Miami, Seattle and Washington, D.C./Baltimore markets, a spokeswoman confirmed via email to TheStreet. The service is in partnership with Deliv, which…

Overstock CEO and Bitcoin Messiah Patrick Byrne Takes Medical Leave of Absence
April 11, 2016 at 11:23 am

Overstock.com CEO and chairman Patrick Byrne has taken an indefinite medical leave of absence from the company. Byrne has a long history of medical problems after a long bout with cancer nearly 30 years ago. Due to the cancer and related heart problems, Byrne says, he has undergone more than 106 surgeries over the last three…

Sears Gets $500 Million Loan as Lampert, Gates's Cascade Jump In
April 11, 2016 at 11:19 am

Sears Holdings Corp., the department-store operator run by hedge fund manager Edward Lampert, obtained a new short-term loan partially funded by an investment firm that manages billionaire Bill Gates’s fortune. Cascade Investment has funded $125 million of a $500 million loan that Sears raised by using about 20 of its mortgaged properties as collateral, the retailer…

Victoria's Secret to Eliminate Catalogs?
April 11, 2016 at 11:12 am

With a reorganization in the works and comments from L. Brands Inc.’s most recent earnings call placing emphasis on the bricks-and-mortar and digital channels, the Victoria’s Secret catalog could soon be a thing of the past. L. Brands LB , the parent company of Victoria’s Secret, announced Thursday that it would create three business units: Victoria’s…

Gap Apologizes for 'Racist' Ad
April 8, 2016 at 11:38 am

Gap says the company is “sorry to anyone we’ve offended.” Apparel maker Gap on Tuesday has apologized for an image used in an ad that some critics said was racially insensitive. The ad in question depicts four young girls that are part of Le Petit Cirque, a traveling circus company that features boys and girls between the…

After Jeff Bezos Hands Out Promotions, Amazon Now Has Three CEOs
April 8, 2016 at 11:31 am

Amazon.com announced on Thursday that two of its longest-serving executives have received promotions. In a blog post, the Seattle-based online retailer said that its head of its consumer business, Jeff Wilke, and the head of its cloud computing division, Andy Jassy, had been named CEO Worldwide Consumer and CEO Amazon Web Services, respectively. Wilke and Jassy…

Uniqlo: Again the Face of Japan's Deflating Economy
April 8, 2016 at 10:36 am

When Japan's cheap-and-cheerful clothing brand Uniqlo raised its prices in 2014, it was an endorsement of Prime Minister Shinzo Abe's efforts to stimulate a lacklustre economy: with confidence high, even purveyors of affordable jumpers became price setters. But as Abe's expansionary policies struggle to rekindle growth, Uniqlo has reversed those rises, lowering prices last year and…