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Wayfair, the online retailer that wants to revolutionize how people buy sofas and other home goods, took a more traditional step Monday, unveiling an old-fashioned paper catalog that will soon land in mailboxes. The Boston-based retailer said the 92-page catalog will help heighten brand awareness, while showcasing nearly 800 items, a tiny percentage of the…
Sports Authority Inc., which is preparing to file for bankruptcy, has discussed selling stores and intellectual property to rival chain Dick’s Sporting Goods Inc. and other parties, according to two people familiar with the situation. The Dick’s transaction is one of several options being considered, said one of the people, who asked not to be identified…
Jet.com, an online retail startup challenging Amazon.com, is doing a little shopping of its own. On Monday, the company announced that it had made its first acquisition with the purchase of Omaha, Neb.-based Hayneedle, a home goods e-commerce company. Terms of the deal weren't disclosed.
A simple site bug or your search bar could be costing you thousands when it comes to sales. Qubit, which announced it had raised $40 million in Series C funds last Monday, released a report on Wednesday that details the most common complaints with e-commerce sites. The data was compiled from customer feedback on over 400 sites.…
Macy's is rolling out a new "way to shop." The retailer will no longer accept coupons for clearance items. Macy's, which has long been known for its stackable dollar and percent-off coupons, said coupons would still apply to full-price and sale items. A Macy's spokesperson said clearance items will still be deeply discounted, but now…
J.C. Penney Co. Inc. has made its private labels a key part of its strategy to capture market share and continue to improve its results. J.C. Penney shares are up 15.4 percent in Friday trading in the wake of its fourth-quarter earnings release on Thursday and management commentary on the higher-margin private label approach.
Wal-Mart cut more than 100 jobs at its Bentonville, Arkansas headquarters this week, in a new round of layoffs by the retailer. The latest cuts, first reported by The Wall Street Journal, follow the layoff of 450 workers at its home office in October. These cuts are separate from any occurring at the 100 or so…
Following another grim earnings report, Sears Holdings laid off 250 corporate employees at 10 locations around the country. Some 200 cut jobs were at the retailer's Hoffman Estates, Ill. headquarters, across "a variety" of business units, the company confirmed. An internal memo from Chairman and CEO Edward Lampert, reviewed by Crain's, confirmed the cuts to…
On Feb. 29, everyone at Zappos will get a paid day off. It's the first time, since the company opened, that its call center — normally open 24 hours a day, all year — will ever close. Zappos’ reasoning: Leap Day is extra time, and we should probably use it for something we normally wouldn't…
In the race to reinvent Craigslist for mobile phones, there have been no less than half-a-dozen companies that have emerged in the last two years to create the next local marketplace. All of them offer the same basic experience, allowing users in close proximity with one another to connect through an app to buy and…