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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 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 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…
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.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 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…
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 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…
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…
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…