Nearly all working Americans are taking home less pay because of a temporary cut in Social Security taxes that expired last month.
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Fast Retailing Co., the apparel retailer headed by Japanโs richest man, will open its first Uniqlo branded store in Indonesia by June and plans to add 10 outlets in three years to tap an expanding middle class. The new Jakarta store will be among...
GREENSBORO, N.C. โ The board of directors of VF Corp., a global leader in branded lifestyle apparel and footwear, has elected Matthew Shattock as a director. Shattock is the president and CEO of Beam Inc., one of the worldโs leading premium spirits...
New York -- J. C. Penney Co boosted its borrowing capacity under a bank credit facility by $100 million to $1.85 billion and expanded an option to borrow more at a later date. "As we enter the second year of our transformation, today's announcement...
The departure of Finish Line Chief Digital Officer Christopher Ladd is the latest bit of fallout from the e-commerce snafu that has cost the retailer $3 million (and counting) in lost sales. There are strong indications that Ladd's departure won't be the last piece of bad news associated with Finish Line's digital debacle. Sources have revealed to RIS News that relations between Finish Line and its key e-commerce vendor partners have been strained by the incident.
Apple CEO Tim Cook told attendees at the Goldman Sachs investor conference that Apple plans to close 20 of its retail locations in order to relocate and enlarge the stores โ a move he said was to accommodate the influx of Apple customers shopping at the brand's brick-and-mortar locations. Cook added that Apple stores were a competitive advantage for the company, and that it's becoming clear that its retail model isn't easy for everyone to replicate.
Grand Rapids, Mich. -- Meijer is investing more than $160 million in new store construction and remodeling. The investment includes the construction of six new Meijer supercenters, and five major remodel projects. Michigan, Indiana and Illinois will...
New website questions and answer functionality allows customers to ask a product or shopping question while shopping at CHEFS Catalog! New Q&A functionality on CHEFScatalog.com CHEFS๏ฟฝ Catalog, a leading catalog and online retailer of kitchen products, has...
Make no mistake, showrooming is crushing brick-and-mortar, increasingly pushing in-store sales online, where they're almost always inevitably cheaper. With online retail spend growing 16 percent last year, and retailers like Best Buy and Target recently creating Amazon.com price-matching policies, there's no denying the trend.
NEW YORK and SEATTLE -- Amazon.com has expanded its content licensing agreement with CBS Corp. to bring classic series and hit TV shows from CBS Television Distribution and Showtime Networks to Amazonโs Prime Instant Video service, extending the already...