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October 1, 2015 at 10:53 am
Wal-Mart Stores Inc. is planning to lay off hundreds of people at its headquarters in Arkansas as part of the retail giant's efforts to pare costs, people familiar with the matter said. Fewer than 500 employees are expected to lose their jobs and an announcement could be made as early as this Friday, according to one…
October 1, 2015 at 10:40 am
RadioShack’s bankruptcy filing back in February probably surprised no one, and it’s also not surprising that it's taken almost eight months to sort out the affairs of a company that was 95 years old and had 4,000 stores. While many of the chain’s stores were saved and continue under a new owner, and some creditors…
October 1, 2015 at 10:28 am
Gap's turnaround plan just got a whole lot trickier. The company's shares fell more than 5 percent on Wednesday, after it announced late Tuesday that Old Navy global president Stefan Larsson will be leaving the brand for Ralph Lauren. Analysts agreed that Larsson's exit is a huge loss for Old Navy, a brand he's credited with turning…
September 30, 2015 at 11:21 am
Oct. 1 represents the deadline for most merchants to accept Europay, MasterCard and Visa (EMV) chip-equipped credit cards at their terminals. Should a merchant only process payments with the familiar magnetic stripe reader, and end up taking a counterfeit card, liability for that transaction falls upon the merchant. At first glance e-commerce pros may see this…
September 30, 2015 at 11:02 am
Matching online prices was once considered a risky proposition for brick-and-mortar retailers. Now it’s the norm. The newest evidence comes from Target, which is about to expand the number of online competitors it will match prices with to 29 from five. The updated policy, which goes into effect Thursday, includes giants like Macys.com and Staples.com as well…
September 30, 2015 at 10:54 am
Ralph Lauren stepped down as CEO of his fashion empire on Tuesday and was replaced by the boss at Old Navy. Stefan Larsson, the former global president of Old Navy, will replace Lauren as CEO effective in November. Lauren will become executive chairman and chief creative officer of Ralph Lauren Corp. Larsson, who held multiple jobs…
September 30, 2015 at 10:47 am
Hudson’s Bay Co. is cutting 265 head office jobs as the company works to streamline operations and pour resources into its growing digital businesses. The owner of Hudson’s Bay and Saks Fifth Avenue aims to save $75 million in the move, which means cuts at its New York and Toronto offices. The majority of the cuts…
September 30, 2015 at 10:38 am
Wal-Mart is rolling out its free pick-up service for online grocery orders to stores in new markets such as Atlanta and Charlotte as the discount retailer looks to catch up to Amazon.com and fend off Target in a growing area of e-commerce. The company said on Tuesday that in addition to the new metro areas, which…
September 30, 2015 at 10:32 am
YouTube used to be for cat videos. How passive. Soon you'll be able to watch it and buy kitty litter. YouTube is introducing the ability to shop for products directly from its videos, a move that opens the door for new revenue as the online video site looks to turn a profit. The ads can appear on…
September 29, 2015 at 10:58 am
Wal-Mart is taking a big step toward fulfilling its long-term ambition of being wholly supplied by renewable energy with a new deal to buy more than half of the electricity generated by a new wind power facility in Texas for the next 10 years. The world’s largest company will buy 58 percent of the expected output…
