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December 29, 2015 at 5:00 pm
Americans spent more on items such as furniture during the holidays this year, with online shopping in particular seeing a big spike, according to a report released on Monday. Overall spending rose 7.9 percent from a year ago, according to the MasterCard SpendingPulse report, which tracks retail sales across cards, cash and checks from Black Friday…
December 29, 2015 at 3:37 pm
Whole Foods Market Inc has agreed to pay $500,000 to resolve an investigation into whether the supermarket chain charged too much for some prepackaged foods at its New York City stores, a city agency announced on Monday. The New York City Department of Consumer Affairs said the settlement also requires the company to adhere to standards…
December 29, 2015 at 3:10 pm
Target's planning to open 15 stores in the next two years, and nearly all of those new stores will be small Target outposts in urban areas. The retailer recently announced its store openings for 2016 and 2017, and it looks like it's veering away from the big box, superstore strategy for the moment. As Gannett's…
December 28, 2015 at 5:00 pm
Amazon.com Inc. said Monday it added three million new members to its Amazon Prime service in the third week of December, boosting what was already a record holiday season for the online giant. Prime members made the company’s “The Man in the High Castle” television series the most watched on Prime Video this season, and…
December 28, 2015 at 4:56 pm
Retiring CEO Carol Meyrowitz is, without doubt, my pick for Retailer of the Year. Her leadership in her company, and the retail industry, is a real achievement. She is a mentor to her associates and a true visionary. With the exception of Ms. Meyrowitz, the retail industry is largely void of dynamic leadership. In the many…
December 28, 2015 at 3:55 pm
Pep Boys agreed to a $947 million takeover offer from Bridgestone Corp., shunning a competing bid from billionaire investor Carl Icahn that had promised a higher price. Pep Boys said Thursday in a statement that its board no longer considers Icahn’s most recent offer -- which included a vow to beat any bid up to $1.01…
December 23, 2015 at 12:56 pm
As Abercrombie & Fitch Co. works to right its slumped sales and revamp its namesake brand's identity, the company is also getting an executive overhaul. On Tuesday, the retailer announced the departure of Abercrombie & Fitch brand President Christos Angelides and the promotion of Fran Horowitz, who was hired as president of Hollister at the…
December 23, 2015 at 12:48 pm
Kroger Co. is about to open a new store brand focused on fresh produce, food-preparation advice and high-quality prepared foods. It will open its first Main & Vine shop in the Seattle-area town of Gig Harbor, Washington. Cincinnati-based Kroger, the nation’s largest operator of traditional supermarkets, already runs Quality Food Center and Fred Meyer supermarkets…
December 22, 2015 at 10:40 am
Staples offered to give up $1.25 billion in commercial contracts to acquire Office Depot, but federal regulators have rejected it, the company said Monday. The Federal Trade Commission, which is suing to stop the $6.3 billion merger, declined comment on Staples’ claim. Staples said it will continue its court fight to acquire its competitor headquartered…
December 22, 2015 at 10:36 am
Retailers this holiday season have been aggressively trumpeting “click-and-collect” shopping, a relatively new hybrid of digital and old-school buying that allows time-starved customers to place an order online and pick it up within hours at a counter in a store. But so far, many shoppers are finding it to be a big headache. Fully 60…
