aggregatedcontent

Amazon Steps Up Pursuit of Merchants Who Pay for Fake Reviews
June 2, 2016 at 11:14 am

Amazon.com, which has sued more than 1,000 parties for allegedly offering fake reviews for sale to post on the retailer’s website, is now going after merchants who it says paid for false testimony. In three cases filed with the American Arbitration Association, Amazon accused third-party sellers operating on its site of creating or paying for fake…

lululemon's Billionaire Founder Slams Company, Saying it Has 'Lost its Way'
June 2, 2016 at 11:02 am

lululemon founder Chip Wilson is not happy with how the apparel company is being run these days and wants everyone to know it. Wilson, who stepped down as chair of the board in 2013 amid a series of controversies and resigned from the board completely last year, remains the company’s largest individual shareholder. In an open…

Michael Kors is Shrinking its Department Store Business ... on Purpose
June 2, 2016 at 10:41 am

Michael Kors made headlines last week after an analyst from Wedbush reported that nearly half of Nordstrom stores had decided to stop selling the brand's handbags due to "waning interest from customers" and competition with Macy's because of its "constant discounting" of the product. Nordstrom Co-President Pete Nordstrom refuted the reports, sort of, telling WWD:…

Apple Omits Same-Sex Couple From International Versions of Mother's Day Ad
June 2, 2016 at 10:21 am

Historically, Apple hasn't been shy about its inclusivity and support of LGBT rights. Most recently, on Mother's Day, it debuted an ad featuring a same-sex couple. But the company has come under fire recently for being selective about where it's preaching support for gay rights. The Guardian and 9to5 Mac recently reported that new cuts…

How Facebook is Remaking Retail
June 1, 2016 at 11:22 am

You don’t normally buy a sweater or a pair of sneakers on Facebook. But the giant social media company is becoming the biggest factor in retail nobody is thinking about. “You read the analyst reports and talk to CEOs, and a lot of the conversation is comparison to other retailers and to Amazon,” Tom Andrews of…

Under Armour Will Lose $120 Million in Anticipated Sales as Sports Authority Liquidates
June 1, 2016 at 11:13 am

Under Armour will lose $120 million in expected sales to The Sports Authority this year as the chain liquidates in bankruptcy, the Baltimore-based brand said Tuesday. The sports apparel maker said in a Securities and Exchange Commission filing it will recognize only $43 million of $163 million in anticipated revenues from the sporting goods chain this…

Staples CEO is Stepping Down After Office Depot Merger Fail
June 1, 2016 at 11:09 am

Office supplies retailer Staples, which called off a deal to buy smaller rival Office Depot this month, said Chief Executive Ron Sargent will step down after the company’s annual meeting on June 14. The decision comes three weeks after a U.S. federal judge ordered to halt the deal because of antitrust concerns. “With the termination of the…

How J.C. Penney and Pinterest Are Trying to Update the Mall
May 31, 2016 at 11:05 am

Ever since the online market exploded, consumers have been flocking to online stores in droves, which naturally has hurt the shopping mall as we know it. It’s driven a number of stores out of business, and it threatens the health of thousands more. Retailers are taking steps to ensure the online market doesn’t throw them…

Twitter Moving Away From ‘Buy’ Button
May 31, 2016 at 11:00 am

Twitter has curtailed product development on its “Buy” button and product pages and shifted its commerce team into other divisions within the company, BuzzFeed News has learned. A number of members of Twitter’s roughly 25-person commerce team have left the company, and those who remain now largely work on two separate product teams: customer service and…

Top Retailers Fall Short of Commitments to Overseas Workers
May 31, 2016 at 10:53 am

After more than 1,100 deaths exposed dangerous labor conditions in Bangladesh in 2013, brands like H&M, Wal-Mart and Gap were among the most powerful companies that pledged to improve the safety of some of the country’s poorest workers. But human rights groups say that three years later, those promises are still unfulfilled, and that safety, labor…