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Wal-Mart, in the midst of spending $1 billion to raise employeesโ wages and give them extra training, has been cutting the number of hours some of them work in a bid to keep costs in check. Regional executives told store managers at the retailerโs annual holiday planning meeting last month to rein in expenses by cuttingโฆ
Macy's is partnering with a fashion startup to appeal to more millennials online. The retailer is collaborating with Brooklyn-based startup Nineteenth Amendment to offer clothing made from up-and-coming designers on macys.com. Nineteenth Amendment showcases fashions from independent designers and offers pre-sales for 19 days during which customers can plunk down cash on the designs. People who purchaseโฆ
What do Under Armour and Starbucks have in common? More than you think. Retailers, you might want to pay attention โ these companies are winning in mobile. Under Armour and Starbucks each have a keen eye on their core customer, both know how to build a grassroots following and, unlike many other brands, they know howโฆ
RadioShack's unsecured creditors are suing all the people they blame for the companyโs demise. The official committee of unsecured creditors is suing one of the companyโs former shareholders, its lender, chief executive and board of directors. The lawsuit was filed Monday in federal court in RadioShackโs hometown of Fort Worth. The creditors committee is asking for aโฆ
Jet.com may have the lowest prices on the web, but a lot of people who visit the site still donโt realize it. That's something CEO Marc Lore acknowledged when asked about confusion among people who hear about Jet.comโs low prices but donโt see them displayed clearly when they visit a Jet.com product page. โBelieve me, we haveโฆ
Thereโs an experience familiar to nearly anyone whoโs downloaded a game on their smartphone. Try as you might to conquer the latest level/village/candy, your thumbs lack the speed/agility/candy to get you through. With deep regret, you purchase an item or expansion pack to continue your long march toward distraction. If every time you do thisโฆ
With its sales still slumping, J.Crew is going back to basics. After the company reported its latest financial figures on Thursday afternoon, a subpar performance marked by a 13 percent drop in J.Crew's sales during the second quarter of the year, CEO Mickey Drexler laid out some of the brand's plans for the near term, includingโฆ
Gap continues to struggle as it reported a drop in second quarter 2015 sales โ a sign that their customer base continues to erode. Gap Global reported negative comparable store sales of 6 percent vs. negative 5 percent last year. Banana Republic Global reported negative comparable sales of 4 percent vs. flat last year. Onlyโฆ
PayPal is raising fees by up to 32 percent by eliminating volume discounts for larger sellers, and EcommerceBytes has confirmed that certain companies are exempt from the fee hike, which the payments company is referring to as a fee "simplification." PayPal spokesperson Anuj Nayar told EcommerceBytes, "We are only changing the rate structure for merchants onโฆ
Beware Amazon Prime members: All blenders aren't created equal. A Cuisinart warehoused in California may no longer qualify for no-fee shipping to a Prime member in Vermont. Thatโs the idea behind a new program Amazon.com is testing with some independent merchants. The program, nicknamed Ship by Region, lets certain sellers designate where theyโre willing to ship goodsโฆ