aggregatedcontent

Terry Lundgren, CEO of Macy’s, borrowed this quote during his opening remarks at the University of Arizona Global Retailing Conference in Tucson, Ariz. back in April, attributing it to NYU-Stern Marketing Professor Scott Galloway, who also happens to be one of the world’s experts in digital marketing. Calling stores “the new black” is a nod…

One of the biggest problems Wal-Mart identified in its latest profit warning was what it calls “shrinkage.” Greg Foran, president and CEO for Wal-Mart U.S. said on the earnings call that “accelerating pressures in shrink” were one of three major factors that contributed to the company’s underperformance. The others were an overall decline in gross…

Uniqlo workers, rejoice: three-day weekends are coming. Fast Retailing, the Japanese mega retailer that owns Uniqlo, Theory, and J Brand, is testing out a plan to offer 10,000 full-time employees in its Japanese stores the option of a four-day work week, Bloomberg reports. But to get their long weekends, Uniqlo employees will have to put…

On Thursday, Gap reported declines in quarterly sales and profits, and according to The Wall Street Journal, Gap CEO Art Peck said that the retailer was hard at work trying to copy the approach used by fast-fashion brands. Like H&M, Gap plans to test small runs of merchandise in its stores and then find out…

American Eagle shares slid another 2.5 percent on Thursday, as the teen retailer's third-quarter outlook continued to spark concern among investors. But analysts were quick to call the selloff overdone, saying the company continues to steal share from its competitive set, even as it raises prices.

Etsy has launched a Buy It Now button, giving customers a faster way to purchase items from sellers. The button only appears for shoppers who are signed in, and it appears above the existing "Add to cart" button. Etsy had already rolled out the Buy It Now functionality to mobile web last month, it revealed,…

Gazing over a spread of magazines on a side table in her New York office on Broadway, Federica Marchionni eagerly flips through the pages to find her advertisements inside. For the new Lands’ End chief executive officer, this is her big unveil, the first time she gets to show what she’s been working on since…

Target delivered quarterly earnings and revenue that beat analysts' expectations on Wednesday, a day after Wal-Mart missed on profit and cut guidance. "It's almost the opposite story [from Wal-Mart]; terrific sales results, earnings came in very strong," retail analyst Joseph Feldman said moments after Target announced its results. He said CEO Brian Cornell has been…

The digital payments giant makes a move in this suddenly hot of e-commerce area. PayPal has bought mobile commerce startup Modest, marking the digital payment giant’s first acquisition since spinning out of eBay last month. Modest, which premiered publicly earlier this year, helps merchants create mobile apps for their stores. “Mobile commerce sucks, and we…

Meijer's recent opening of two Wisconsin stores has led to a state investigation to determine if the Midwest retailer violated a Depression-era law that keeps products from being sold below cost. There are 37 products reported in four complaints filed against the Michigan-based retailer, according to documents provided to MLive and The Grand Rapids Press…