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July 8, 2015 at 3:01 pm
The hottest topic in e-commerce these days seems to be “buy buttons.” The energy though appears premature. Pinterest announced its buyable pins with a press conference and sentimental Hallmark-like videos, though the buyable pins are actually hard to find. Facebook, the king of all social networks, announced a buy button more than a year ago,…
July 8, 2015 at 2:51 pm
The news for billionaire, fashion icon and political prophet Donald Trump just gets worse and worse. Not only has his ultra-chic Donald J. Trump Collection clothing line been dumped by Macy’s, it has now even been rejected by down-market discounters Marshalls and T.J. Maxx as well.
July 7, 2015 at 2:55 pm
Whether you find postal counters at retail chain stores to be convenient or ill-conceived, it's not a sure thing they will continue. A judge found last year that the USPS violated the National Labor Relations Act by withholding certain information from the American Postal Workers Union. The Union requested the information in connection with bargaining…
July 7, 2015 at 2:44 pm
This year Costco will expand its presence in the United Kingdom, Japan and Spain. The retailer's membership format has found appeal in many foreign countries, and I see more success ahead. There are now 674 Costco warehouse clubs in operation globally, 475 in the United States and 199 units outside the U.S.
July 7, 2015 at 2:35 pm
Seritage Growth Properties, the real estate spinoff of Sears Holdings Corp., made its debut Monday on the New York Stock Exchange and estimated that it raised about $1.6 billion from the offering. Sears, which is dealing with slumping retail sales, formed the real estate investment trust to extract more revenue from its properties. It plans…
July 7, 2015 at 2:25 pm
Struggling clothier American Apparel Inc. is laying off workers and closing some stores as part of an ongoing effort to turn around its tumultuous business. The Los Angeles clothing maker wouldn't disclose the number of stores or jobs that will be cut. It also didn't say whether the layoffs, which will begin immediately, will affect…
July 6, 2015 at 3:32 pm
Struggling teen clothing retailer American Apparel launched a restructuring plan to cut costs but warned it may not be enough to meet funding requirements in the next 12 months. The company, which is being sued by founder and former CEO Dov Charney, said on Monday it would cut jobs and close stores to slash costs…
July 6, 2015 at 2:30 pm
Pinterest entered into the e-commerce space last week when it finally began rolling out "Buyable Pins." The new pins generated big demand from sellers anxious to try the new feature for themselves. The new Buyable Pins are basically ads that allow users to purchase items featured in the pins (not to be confused with Promoted…
July 6, 2015 at 2:22 pm
Whole Foods co-CEOs John Mackey and Walter Robb have apologized after investigations revealed customers in its New York City stores were being overcharged for some items. “Straight up, we made some mistakes. We want to own that and tell you what we’re doing about it,” said Robb in a special video. The duo asserted that…
July 6, 2015 at 2:16 pm
Black Friday, the annual shopping extravaganza which brought in more than $1.5 billion in online sales alone last November, is arguably the single most important day for retailers in the U.S. Now Amazon.com wants to steal its thunder with Prime Day. The e-commerce giant announced that it will mark its 20th anniversary on July 15…
