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PayPal said Wednesday it would defend the Home Depot, which is being sued over its use of PayPal in its brick-and-mortar stores. PayOne filed a patent lawsuit against The Home Depot on Tuesday for its deployment of PayPal's point-of-sale system. Home Depot Spokesperson Stephen Holmes said on Wednesday they had not yet seen the suit so the retailer could not comment.
Warrendale, Pa. -- rue21 announced that Stacy B. Siegal, the company's current VP, general counsel and corporate secretary, has been promoted to the additional position of chief administrative officer. Siegal has served as the company's general counsel...
Upscale retailer Neiman Marcus has permanently exited eBay after it failed to meet the retailer's expectations. Neiman Marcus was among the first "Fashion Outlets" eBay launched in the U.S. in 2011, selling clothing, shoes and accessories under its off-price brand, Last Call By Neiman Marcus. Ginger Reeder, vice president of corporate communications for Neiman Marcus Group Services, said the closure of the Last Call By Neiman Marcus eBay store was permanent. The last orders were taken from customers on Jan. 7, 2013.
Teen apparel retailer Hot Topic Inc said it will be acquired by private equity firm Sycamore Partners for about $600 million. Sycamore will pay $14 per share, a 30 percent premium to Hot Topic's Wednesday close of $10.75 on the Nasdaq.
sources CDW, which sells products from companies including Apple, Hewlett-Packard and International Business Machine online and through its catalog, has hired JPMorgan Chase & Co, Barclays PLC and Goldman Sachs Group to lead the offering, the people said...
Deerfield, Ill. -- Walgreens announced plans to build what the company believes will be the nationโs first net-zero energy retail store. The store, which is predicted to produce energy equal to or greater than it consumes, will be located in Evanston,...
MOORESVILLE, N.C. โ Loweโs has named Josรฉ Luis Pier Castellรณ as president/general director of Loweโs Mexico, effective March 15. He replaces Francisco Fernandez, who has left the company. Pier Castellรณ will report to William Robinson, head of...
New York -- Gap Inc. said Thursday that its February same-store sales rose a better-than-expected 3% for the four weeks ended Feb. 25. Analysts expected a 2% increase. The chain was due to release the sales figures after the market closed, but put them...
Earlier this month, Topshop unveiled one of its most digitally ambitious fashion shows to date, The Future of the Fashion Show. The fast-fashion retailer partnered with Google on a multiplatform experience that promised consumers a seat at the catwalk to rival Anna Wintour's. Online viewers could take in the London Fashion Week show from various points of view, from that of the model on the runway โ or the handbag on her arm. They could buy featured products instantly and even chat with the show's stars on Google+.
Same-day delivery, one of the hottest e-commerce trends, is too expensive for most U.S. consumers, raising the risk that this turns into another online shopping fad that goes cold, according to a survey released on Tuesday. The Boston Consulting Group recently asked 1,500 U.S. consumers what would get them to shop more online and only 9 percent cited same-day delivery. Almost three-quarters said free delivery would do the trick, while half of the respondents said lower prices.