Category: Retail

Can Duluth Holdings Inc Defy the Death of Retail?

With chains like Sports Authority, Aeropostale, and Eastern Mountain Sports going bankrupt last year, and others like Macy’s , The Limited, and Kohl’s announcing large-scale store closings, retailers are going through some very tough times. As has been well-documented, these losses have been Amazon ‘s gain , with many investors leaving the rest of the retail industry for dead.

The Amazon Effect: Store Closures Everywhere

Brick-and-mortar retailers are increasingly losing foot traffic and sales to online retailers as consumers increasingly shift to online shopping, either by desktop or mobile device. Two weeks ago, I argued that traditional retailers need to evolve their stores into one-of-a-kind ” destination venues ” to create a unique experience for the customer, one that they can’t get from an online retailer.

Walgreens, FedEx to offer package pickup and drop-off at pharmacies

By the end of next year, most Walgreens customers will be able to pick up prescriptions and packages in a single stop. To accommodate a growing number of e-commerce packages – particularly for customers who can’t easily have orders shipped to their homes – Deerfield-based Walgreens will let customers pick up and drop off packages shipped through FedEx at thousands of pharmacies, the companies said Wednesday.

WSJ: Wal-Mart Plans to Cut Hundreds of Jobs This Month

Wal-Mart Stores Inc. plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation. The Bentonville, Arkansas-based retailer plans to eliminate jobs at its headquarters and regional personnel that support stores, according to the report.

Wal-Mart plans to cut hundreds of jobs this month: WSJ

By Reuters Wal-Mart Stores Inc plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation. A customer pushes a shopping cart at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Tuesday, Nov. 22, 2016.

Job cuts may be pending at Wal-Mart this month

I would recommend that you have one description which you use on your own site and offer e-retailers an alternate description. E-commerce sales by region, sales by product category, holiday data, online spending by shopper and as percentage of household income, and more.

Jet.com Was Just the Start of Wal-Mart’s E-Commerce Acquisitions

Wal-Mart is kicking off the year with the acquisition of ShoeBuy.com, an online shoe retailer that competes with Amazon ‘s More telling are comments from Wal-Mart’s head of e-commerce, Marc Lore, who said Jet and Wal-Mart will likely pursue more acquisitions like ShoeBuy. In particular, he pointed to “categories where they are long-tail, high-margin products and harder-to-crack brands.”

Subaru Adds Eight Apps To The New 2017 Subaru Impreza Multimedia System

Subaru of America, Inc. announced today the addition of eight new cloud-based apps to the SUBARU STARLINK multimedia system in the new 2017 Impreza. Magellan NAVI, eBird, Best Parking, Yelp, Glympse, RightTrack, Tweddle Quick Reference Guide, and “eventseeker” by Wcities work through the STARLINK in-vehicle technology and in conjunction with a customer’s smart phone.

Walmart Tacks on Another E-commerce Company in the Hopes of Crushing Amazon

Walmart is hell-bent on sticking around and not going the way of Macy’s or other brick-and-mortar companies that have fell victim to the burgeoning world of e-commerce and the likes of Amazon . In its latest move to stay relevant in the world of e-commerce the company announced Thursday, Jan. 5, that it would buy online shoe seller Shoebuy.com from Barry Diller’s IAC/InterActiveCorp for $70 million.

Macy’s Names 68 Stores It Will Sh…

Macy’s yesterday said it was closing 68 stores of its 730 stores by the spring – wiping out about 3,900 jobs – and that it would lay off about 6,200 additional workers nationwide in a move it characterizes as a “need for greater efficiency and productivity.” The closures are part of the plan to shutter up to 100 underperforming stores that it had announced last August.

Macy’s, Kohl’s plunge after weak holiday sales

Macy’s Inc. said it will slash more than 10,000 jobs and detailed plans to close dozens of stores after another holiday season of weak sales, providing more evidence that department stores have lost their once-central place in American retailing. Like its rival, Kohl’s Corp., which also warned Wednesday of lackluster holiday results, Macy’s hasn’t been able to solve consumers’ shift to online shopping.

Macy’s apparel store closing in Mission Valley

Macy’s apparel store, the original anchor for the 1961 Mission Valley Center mall, is closing starting next week, the struggling department store chain announced Wednesday. It is one of 65 stores that will close this year nationally following three that closed last year.

Office Depot Completes Sale of European …

Office Depot, Inc. , a leading global provider of office supplies and services, today announced the completion of the sale of its European business to The AURELIUS Group. This transaction is part of the company’s recently announced international divestiture strategy to focus on opportunities in its North American business.

Office Depot Completes Sale of European Operations

This transaction is part of the company’s recently announced international divestiture strategy to focus on opportunities in its North American business. Office Depot, Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school or car.

American Express – Irrational Competitive Behavior

My estimates forecast 3% core revenue growth in 2017, and flat operating expenses driven by sustained elevated marketing and rewards costs. While AXP’s rewards expense was below expectations in 3Q, my analysis indicates that total rewards costs including cashback rewards were in line with billed business growth in the period.

Nordstrom turns to electronic-gifting service amid shift online

Nordstrom Inc., fighting to stay relevant with consumers who are shifting their spending online, is letting shoppers digitally send each other presents this holiday season. The upscale retailer has partnered with gift card provider CashStar Inc. to let customers email specific items from the retailer’s website to people on their holiday lists.

Costco claims it’s had a version of Amazon’s futuristic…

Registration will allow you to post comments on ctpost.com and create a ctpost.com Subscriber Portal account for you to manage subscriptions and email preferences. At Amazon Go , a store first scheduled to open in Seattle next year, the company says shoppers will be able to walk in, pick up their groceries, and walk right out the door.