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On Dec. 31, after a successful three-year tenure, Alex Thorne will call it quits at Toys"R"Us. But he won't be cashing in his 401K to buy a condo in Boca; he'll be trying out for a starring role in his school play. That's because Thorne has aged out of the position of "chief play officer" at…

Pep Boys, a U.S. auto parts retailer, said billionaire investor Carl Icahn raised his offer for the company, topping Bridgestone Corp's bid by $1.00 a share, to value the company at about $900 million. Pep Boy's shares rose as much as 6.6 percent to $16.80, touching a more than eight-year high. Pep Boys said on Monday its…

The crush of Christmas shopping online is beginning to take a toll on retailers. Buzzy e-commerce startup Jet.com last week became one of the first major retailers to tell customers its packages may not arrive before Christmas. The company announced in emails to customers and on its website that it cannot guarantee delivery of merchandise…

Attention bargain hunters and people who hate paying full price (so, everyone): Pinterest is adding a game-changing feature to the buyable pins it launched earlier this year. The platform has made it possible to track the price of any buyable pins users have put on their boards, meaning Pinterest will alert you with an email…

Target is in the early stages of developing its own mobile wallet, three people familiar with the matter said, joining Wal-Mart Stores Inc. in posing a threat to recent entrants like Apple Pay. The fourth-largest U.S. retailer hasn't committed to launch the product, which would allow customers to pay for goods using an app on…

From dancing sharks at the Super Bowl and the end of the "Mad Men" era to the rise of Amy Schumer and Star Wars pandemonium, this year was filled with plenty of entertaining and inspiring moments. It wasn’t just celebs and pop culture that caught the eye of marketers, though. In the world of retail,…

Amazon.com is negotiating to lease 20 Boeing 767 jets for its own air-delivery service, cargo-industry executives have told The Seattle Times. The online retail giant wants to build out its own cargo operations to avoid delays from carriers such as United Parcel Service, which have struggled to keep up with the rapid growth of e-commerce.…

Avon Products said on Thursday it had agreed to sell 80.1 percent of its North America business to private equity firm Cerberus Capital Management for $170 million. New York-based Cerberus will also invest $435 million for a 16.6 percent stake in the direct-seller of cosmetics in a deal that values Avon at about $2.5 billion.…

Retailers are prepping for a crush of procrastinating shoppers this weekend as the holiday season starts to wind down, and they're throwing everything from gift card deals to 24/7 store hours to coveted Star Wars toys at shoppers to keep them spending right up until Christmas. Despite holiday sales starting as early as October, retailers…

And the problem is only getting worse. Some shoppers make it a sport to scam retailers after the holiday season by making fraudulent returns. That can take the form of returning stolen goods, bringing back used items without a receipt or collusion with store employees. Either way, holiday return fraud is expected to cost retailers…