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PetSmart Inc Announces Planned Management Succession
January 22, 2013

PetSmart Inc announced its planned management succession, with current President and Chief Operating Officer David K. Lenhardt assuming the role of Chief Executive Officer(CEO), effective June 14, 2013, following the Annual Meeting of Stockholders. Mr....

Lowe's to Boost Seasonal Hiring 13% on Housing Rebound
January 22, 2013

Loweโ€™s, the second-largest U.S. home-improvement retailer, plans to hire 45,000 seasonal workers, 13 percent more than a year earlier, and add 9,000 permanent employees as the housing rebound spurs remodeling. All of the positions are...

Rona reshuffles board amid shareholder pressure
January 21, 2013

Boucherville, Quebec -- A Monday report by Reuters said that Canadian home-improvement chain Rona Inc. has appointed a new executive chairman and has again shuffled its board in response to mounting investor pressure to make measurable changes. Rona...

Searsโ€™ Big Data Initiatives Shorten Project Timelines Up to 70%
January 21, 2013

Even in today's data-hungry analytics environment, collecting and keeping every tiny granule of retail data โ€” down to the level of each individual transaction and web click โ€” might seem like overkill. But Sears Holdings has discovered that data storage costs have gotten low enough, and analytical tools have grown powerful enough, that this approach to big data has shortened the time needed for analytics projects by 60 percent to 70 percent, while also improving promotion conversions, lowering inventory levels and boosting sales.

JustFab Acquires Subscription-Based Kids Clothing Service FabKids
January 21, 2013

JustFab, a fashion retail and styling platform, announcing that it's purchased children's fashion brand and personalized e-commerce service FabKids. Financial terms weren't disclosed. The kid-focused e-commerce site was launched by ShopStyle founder and serial entrepreneur Andy Moss, and mom and actress Christina Applegate, in August 2012. Instead of offering a box of separates shipped monthly, FabKids sends out one complete outfit it's designed in-house and personalized to the child, based on a custom profile filled out at sign-up.

JustFab Acquires FabKids
January 21, 2013

JustFab, a fashion-subscription service and lifestyle fashion brand, has acquired FabKids, a childrenโ€™s fashion brand and personalized e-commerce service. Launched in August 2012, FabKids is a childrenโ€™s apparel brand and e-commerce website that offers...

Body Central turnaround taking longer than expected
January 21, 2013

While Body Central Corp. gets off to a fresh start in the new year with plans to move its headquarters from Jacksonville's Southside to the Northside, the company is still saddled with problems left over from the old year. Body Central last week lowered...

What if Best Buy Charged Admission?
January 21, 2013

OK, suspend your disbelief just for a moment and hear me out. In 1999, Joe Pine and James Gilmore, authors of "The Experience Economy" predicted that we were entering an era where intense commoditization of goods left retailers with only one alternative - the need to design and stage unique and memorable experiences that are so good they justify charging an admission. So far, this hasn't really materialized beyond the gates of Disney World, but the question is, has the time finally arrived?

Ikea given approval to open stores in India
January 21, 2013

Delhi, India -- A Monday report by Bloomberg said that Ikea has received the go-ahead from the Indian government to open outlets in the country, making it perhaps the first major foreign retailer to set up its own stores in the region. The Swedish...

Study: Marketers to increase spend, hiring in 2013
January 21, 2013

PORTLAND, Ore. โ€” Survey results released Monday by Infogroup Targeting Solutions and Yesmail Interactive found that almost 70% of companies plan to spend more on data-related marketing initiatives in 2013, with a heavy emphasis on hiring. More than half...