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Call it a retail revival. After getting crushed by big-box stores during the 1980s and 1990s, mom-and-pop shops are enjoying something of a rebirth among U.S. consumers. Thanks to a little thing called the internet and the ubiquity of computing devices, consumers don't have to settle for more commoditized versions of their groceries, clothing or housewares. Between the corner coffee shop selling its dark roast across the U.S. and cheesemongers detailing the delights of Rogue River Blue to out-of-state shoppers, consumers can access the neighborhood store even if they move.
It's that time of year again, when America's largest retailers release those critical holiday season figures and disclose their annual sales. A review of these numbers tells us a great deal about how most of the companies will do in the upcoming year. And while successful retailers in 2012 may add brick-and-mortar stores this year, those that have performed very poorly may have to cut locations during 2013 to improve margins or reverse losses.
Retailers in most states now have the option to charge a fee to consumers who pay with a credit card. The new "checkout fee," in effect since Jan. 27, is the result of a multibillion dollar settlement announced last summer between credit card issuers and millions of merchants. Visa, MasterCard and nine major banks agreed to pay $7.25 billion to settle charges that they were fixing credit card processing fees. Credit card issuers agreed as part of the deal to reduce the "swipe fees" that merchants pay to issuers when cards are used, but only for eight months.
Penney brings back the big discounts it ditched last year in a bid to woo back shoppers NEW YORK โ J.C. Penney is bringing back sales. The struggling department store chain this week will begin adding back some of the hundreds of sales it ditched last...
J.Crew thought its men's business was considered irrelevant and wanted to rebrand it. At the time [2007-2008] there were a lot of blogs about menswear that gave a lot of smaller brands an outsized footprint and large reach. J.Crew was making great products which had amazing attention to detail, it just wasn't part of the conversation. Mickey Drexler, CEO of J.Crew, asked what it could do to remedy that: Was it a national campaign or rethinking its catalog? Our answer was a small space with no overt branding that was outside the retail corridor.
Reddit Digg E-mail Print Rss GRANDVILLE, Mich. โ Cabela's Inc. is planning to open two more stores in Michigan over the next two months. The Nebraska outdoor outfitter announced Monday it will open the doors to its new Grandville store on March 21....
Coach has nearly doubled its CapEx in Q2, investing in mobile POS, infrastructure, international expansion and driving growth to its mobile channel.
Survey Reveals Industry Bracing for Transition as Mobile & Compliance Take Center Stage NAPLES, FL - A recent survey released by ACI Worldwide (NASDAQ: ACIW), a leading international provider of payment systems, reveals that the retail industry is...
VP of inventory and transportation for The Vitamin Shoppe, Jason Scheffer, will provide an in-depth discussion on how to create an inside/outside inventory strategy that centralizes inventory in an omnichannel environment. The event will take place April...
New York -- J.C. Penney will leave the Martha Stewart name off some of its upcoming dรฉcor and housewares lines despite the pairโs multi-million dollar partnership, according to a Tuesday report by the New York Post. Citing unnamed sources, The Post said...