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January 19, 2016 at 10:45 am
Pharmacy chain Rite Aid has rolled out proximity beacons in each of its more than 4,500 stores across the U.S. The deployment marks the largest beacon installation in a retail setting to date, a bragging right once belonging to department store chain Macy's.The Rite Aid beacon program is in partnership with inMarket, a mobile shopper marketing…
January 19, 2016 at 10:39 am
Tiffany & Co. said Tuesday that sales during the holiday period softened, prompting the luxury jeweler to reduce staff and cut its outlook for the year. The New York company said "challenging and uncertain global economic conditions" have resulted in restrained consumer spending, and a stronger U.S. dollar continues to dent foreign tourist spending. For the…
January 19, 2016 at 10:28 am
Joe McFarland has been hired to be executive vice president over all of J.C. Penney’s 1,000 stores, the Plano, Texas-based retailer said Monday. McFarland’s appointment is effective immediately, the company said, and he succeeds Tony Bartlett, who had been with Penney since 2006, the last three years over stores. The addition of McFarland means Penney CEO Marvin…
January 18, 2016 at 9:48 am
Can capitalism and community work together in harmony? Kenneth Cole, shoe designer and chairman of Kenneth Cole Productions, says yes. "Giving back makes the business I believe more sustainable," he told CNBC. "It has engaged and empowered all of our associates and it's made the journey probably even greater than wherever that destination would look like."
January 18, 2016 at 9:38 am
Friday morning’s news that Wal-Mart plans to close 269 stores will certainly have an effect on walk-in retail — especially if you’re on the hunt for inexpensive big-screen televisions, ammunition or Garth Brooks’ exclusive-to-Wal-Mart “Blame It On My Roots” box set. But what effect will the closures have on the way you look when you…
January 18, 2016 at 9:34 am
An Amazon.com customer sued the marketplace over allegations that it charged him for its Amazon Prime program without his consent, according to the Courthouse News Service. "Gregory Harris filed the suit Wednesday against Amazon.com, alleging unfair competition and violations of consumer law and the federal Electronic Transfer Act," according to the Courthouse News Services story.…
January 18, 2016 at 9:27 am
Warm weather and deep discounting in the holiday shopping season meant retail sales nationally missed the prediction laid out by the National Retail Federation (NRF), although consumers still spent $626 billion in 2015, or 3 percent more than the previous year. The retail trade group had forecast that sales would rise 3.7 percent during the months…
January 15, 2016 at 11:05 am
A class-action lawsuit that's been dragging on since 2010 and has seen its share of complications is coming to a close. Zepeda vs. PayPal deals with the unpopular practice of holds that PayPal placed on sellers’ funds. PayPal has denied all allegations of wrongdoing and liability. The parties have reached a preliminary settlement in what…
January 15, 2016 at 11:00 am
Wal-Mart said Friday it will close 269 stores across the globe, including 154 in the U.S. The world's largest retailer also will open as many as 405 stores globally in the coming fiscal year, as it shifts its focus toward supercenters and Neighborhood Markets in profitable locations. In all, 16,000 employees will be impacted by the…
January 15, 2016 at 10:51 am
The board of American Apparel Inc. has rejected a $300 million takeover bid from investors who support the return of ousted Chief Executive Dov Charney, according to a person familiar with the matter. The rejection of an offer from Hagan Capital Group and Silver Creek Capital Partners is yet another dramatic turn for the Los Angeles…
