updated Tue. July 23, 2024
-
Valley News
April 22, 2018
Chicago — Meijer plans to launch a self-scanning mobile application in Chicago-area stores by the end of the summer, a move likely to be followed by some larger retailers in the near future. The Shop & Scan service allows shoppers to scan products as they shop with a Meijer app downloaded on theirÃâà...
Tulsa World
April 22, 2018
The reasons are familiar. Consumer behavior is changing, mall traffic is down and competition from e-commerce continues to challenge brick-and-mortar store operators. Rising interest rates are also putting pressure on the more highly leveraged retailers and merchants. There is good news in the Moody'sÃâà...
Los Angeles Times
April 22, 2018
To the editor: Your print headline, "Online buyers must pay taxes," should have read, "Online sellers must pay taxes." ("Make online retailers collect taxes," editorial, April 19). Think about it: If I'm on vacation in Arizona and buy something there, I pay Arizona sales tax, not the sales tax of my home community.
Motley Fool
April 22, 2018
Many retailers have struggled over the past few years thanks to tough competition from e-tailers and slowing brick-and-mortar traffic. Some stronger retailers survived by closing stores, cutting costs, and investing more heavily in digital channels. Others flopped as they drowned in their own markdowns.
Manhattan Mercury
April 20, 2018
Thanks to decades-old Supreme Court decisions regarding mail-order catalogs, however, only a retailer with employees or offices in your state has to collect that sales tax from you. Those rulings have now given many online shoppers and out-of-state retailers an unfair advantage: They can ignore taxesÃâà...
Supermarket News
April 20, 2018
This week, supermarkets and other food retailers got even more reason to be worried about Amazon. U.S. grocery sales on Amazon.com jumped almost 50% year over year, up more than $200 million, in the 2018 first quarter, e-commerce tracker One Click Retail reported yesterday. And for the first time,Ãâà...
New York Times
April 20, 2018
For the first time, a major American retailer is offering a dedicated line of decorations for the holiest month on the Islamic calendar: Ramadan, which culminates in the Eid al-Fitr celebration. The retailer, Party City, which has about 850 locations, mostly in the United States, was motivated to create the itemsÃâà...
CNBC
April 19, 2018
The trick to surviving the current retail disruption may not be as simple as moving your shop online, said former Macy's CEO Terry Lundgren. Instead, Lundgren said, retailers today need to have a presence in both worlds. "Neither one or the other is the way consumers shop today," Lundgren said during aÃâà...
Wicked Local
April 4, 2018
Marijuana regulators could approve the first prospective marijuana businesses for expedited licensing next week, after the Cannabis Control Commission's staff is able to review more than 200 applications that were started in the first 24 hours since the commission began accepting applications. The CCCÃâà...
Retail Customer Experience (blog)
April 4, 2018
Similarly, we also expect that both behemoths will redefine the concept of an all-encompassing department store in the digital era, and in doing so, they'll set new customer experience bars that retailers will be forced to compete with. These changes won't happen in silos. Every punch the other retailerÃâà...
KSTP
April 4, 2018
Niskanen said the state issued 1.5 million fishing licenses and 580,000 hunting and trapping licenses last year, and 88 percent of those transactions were from retailers and county registrars. Only 12 percent were sold online by the DNR, or directly at DNR headquarters. The new system, which is still in theÃâà...
Multichannel Merchant
April 3, 2018
No matter the retailer vertical, ROPIS allows consumers to avoid hassling with unnecessary, costly returns, leading to a better overall customer experience. Ultimately, ROPIS eliminates a level of risk for both retailers and consumers, increasing loyalty and saving costs and headaches for both parties.
Sioux Falls Argus Leader
April 2, 2018
Van Buskirk Companies, which is developing Lake Lorraine with Friessen Development, recently unveiled renderings it plans to take to an upcoming retailer show in May. "We've got a lot of buzz going on a national level now, the reports are really good as far as these retailers coming out," Van Buskirk saidÃâà...
Zacks.com
April 2, 2018
Speculation is rife that retail major Walmart will acquire health insurer Humana. Walmart is not the first retailer showing interest in the healthcare space. Recently, Amazon entered into joint venture with JP Morgan and Berkshire Hathaway to manage insurance for their employees. The company alsoÃâà...
Retail Customer Experience (blog)
April 2, 2018
Getting fitted for a suit or purchasing clothes to one's preference are known to be best done in person. But a growing number of innovative retailers are finding ways to recreate these experiences online. These retailers use data to deliver personalization in a meaningful way. They are also not focused onlyÃâà...
Adweek
April 2, 2018
... companies and retailers creates an opportunity for the latter to drive a wellness agenda. “It basically means taking a page out of Amazon's playbook—acquiring companies and rolling together services, like Whole Foods and Prime membership,” Copland said. He noted this is particularly true for a retailerÃâà...
MarketWatch
April 2, 2018
Leveraged buyouts, or LBOs, may be out of style in the retail sector, but seasoned investors watching the changing industry could find opportunities if they're willing to adjust their timeline for returns. Generalists will probably steer clear of retail right now because the sector is littered with broken businessÃâà...
CNBC
April 2, 2018
SoftBank Group is investing $400 million in India's Paytm E-Commerce Pvt. Ltd. in a funding round that will value the online retailer at roughly $1.9 billion. Alibaba, an existing investor in Paytm E-Commerce, is also putting in $45 million in the round. Amit Sinha, chief operating officer of Paytm Mall said theÃâà...
New York Times
April 2, 2018
SEATTLE — To see what it's like inside stores where sensors and artificial intelligence have replaced cashiers, shoppers have to trek to Amazon Go, the internet retailer's experimental convenience shop in downtown Seattle. Soon, though, more technology-driven businesses like Amazon Go may beÃâà...
Barron's
April 2, 2018
In a Monday note, Credit Suisse compared the effect of products from Barron's Next 50 companies Under Armour and Nike at Dick's Sporting Goods (DKS) and Hibbett Sports (HIBB). Their analysts told two different stories—and, for Under Armour in particular, a challenging one. At Dicks, Nike and UnderÃâà...
Business Insider
April 2, 2018
According to reports, Trump has been exploring ways to change the retailers tax treatment — or hit it with antitrust action. Analysts say Trump could also try to prevent the Department of Defense from signing a lucrative contract with Amazon's Amazon Web Services platform as a way to go after the online retailer. The WhiteÃâà...
NEWS10 ABC
March 30, 2018
So, we just want it to be fair,” Marty Jackley, South Dakota Attorney General, said. In a previous case, Quill v. North Dakota the Supreme Court ruled states can't force retailers to collect sales taxes if the retailer doesn't have a physical presence in the state. South Dakota wants the Supreme Court to overturnÃâà...
Motley Fool
March 30, 2018
Using their built-in physical footprint to improve shipping speeds should be the focus of brick-and-mortar retailers. Amazon Prime offers two-day shipping on over 100 million items, so a Prime member shopping for something online is more likely to order from Amazon over a competitor all else being equalÃâà...
Bisnow
March 30, 2018
Online lingerie retailer Adore Me Inc. is taking its business offline with plans to open between 200 and 300 stores across the U.S. over the next five years. ... The online retailer, founded in 2012, will open an estimated 10 stores in 2018 with another 20 rolling out the year after, the Wall Street Journal reports.
CBS News
March 30, 2018
Mr. Trump and Amazon CEO Jeff Bezos have had a testy relationship, with the president previously airing complaints about the retailer's taxes and taking pot shots at The Washington Post, which Bezos bought in 2013. The president has denounced the newspaper as Bezos's "toy" and accused theÃâà...
PYMNTS.com
March 30, 2018
Beyond Alexa and the Amazon Echo, the Toys R Us space could be of use to the eCommerce retailer to store groceries for delivery as well. Still, about three years ago, Amazon considered taking over a few RadioShack locations when the retailer went bankrupt. As with Toys R Us, RadioShack locations would have beenÃâà...
NRToday.com
March 30, 2018
“We evaluate that all the time,” says Dan Hooker, who's in charge of the online retailer's private brands. “But right now, it's an exclusive Jet.com offering.” Amazon blurs the line. When it bought Whole Foods last year, it added the grocer's 365 store brand to its site immediately. Wickedly Prime soups showedÃâà...
KPTV.com
March 30, 2018
The Oregon Liquor Control Commission reported Thursday that marijuana shops tested in the state passed with a 100 percent compliance rate since February. The operations are carried out to make sure workers at licensed retailers are checking IDs correctly and refusing to sell to anyone under 21 yearsÃâà...
New York Times
March 30, 2018
ASOS, an online fashion retailer, adds 4,500 new products to its website each week, according to a recent report from the Fung Global Retail & Technology research firm. H&M, which has suffered a string of gloomy earnings reports and said this week that it is sitting on $4.3 billion in unsold goods, plans toÃâà...
CNBC
March 29, 2018
But U.K. businesses are still unware of how much they will have to change to continue trading with the rest of Europe — making it harder to plan for the future. Paul Clarke, chief technology officer at the online food retailer Ocado, told CNBC that he is concerned about future funding. The Ãâã3.59 billion ($ 5.09Ãâà...
CNET
March 22, 2018
Best Buy, the nation's largest electronics big box retailer, has ceased ordering new smartphones from Huawei and will stop selling its products over the next ... Huawei had spent the last few years slowly building a fan base by selling unlocked phones through retailers like Best Buy, Amazon and Newegg.
Kiplinger's Personal Finance
March 22, 2018
That can and likely will happen to other retailers in the future. The very nature of the retailing industry is a competitive chase for a limited number of consumer dollars. Many companies think they have something unique to offer shoppers, but the reality is not enough of them do. Some, in fact, miss the boat soÃâà...
Adweek
March 22, 2018
Consumers use Google to search for products—and Google knows it. Now, with the introduction of Shopping Actions, the company wants to turn those search queries into actual purchases—while remaining on good terms with retailers, announced Google's Daniel Alegre, president, retail and shopping,Ãâà...
The Business of Fashion
March 22, 2018
The retailer's proprietary brands, like Lauren Conrad or Simply Vera Vera Wang, make up 70 percent of its women's business. This in turn accounts for nearly a third of Kohl's sales, which were $19.1 billion in the last fiscal year. The big-box department store, located mainly in strip centres, has avoidedÃâà...
U.S. News & World Report
March 22, 2018
In this Monday, March 19, 2018, photo, a customer browses the aisles of Mary Arnold Toys in Manhattan's Upper East Side. Mary Arnold, a nearly 90-year-old store in Manhattan, is thriving along with many other small and independent toy stores, even as Toys R Us is going out of business and moreÃâà...
Kiplinger's Personal Finance
March 22, 2018
We've seen some proverbial green shoots from certain retailers, to be fair. Macy's has dropped believable hints that it can remain viable in a digital world, particularly if it sheds dead-weight stores. Electronic retailer Best Buy (BBY), under the leadership of turnaround guru Hubert Joly, has stopped theÃâà...
Chicago Tribune
March 21, 2018
"This was a substantial increase at the industry level." General-merchandise stores such as Walmart, Target and Costco added 17,700 jobs, while clothing and accessories stores hired 14,900. A number of those newly created positions, economists said, were probably focused on retailers' growing onlineÃâà...
MarTech Today
March 20, 2018
“What we found is that the data within a retailer's organization is really an absolute mess and that's not anybody's fault in particular,” Garf told me. “It's just by virtue of the system investments that have been made over the last 15 or 20 years. And what we've found in the research is that, on average, retailersÃâà...
CBS News
March 20, 2018
The retailer that caters to adolescent girls with makeup, jewelry and ear piercings on Monday filed for Chapter 11 bankruptcy protection, saying it had an agreement with creditors to restructure about $1.9 billion in debt. The move has Claire's following other recent bankruptcies by U.S. retailers including toyÃâà...
Marketing Land
March 20, 2018
Store sales optimization uses machine learning “to help retailers show ads to people most likely to make an in-store purchase, even if they are not an existing customer.” Early customer Michael Kors used this in connection with a branded Instagram video campaign to generate an 11 percent incremental liftÃâà...
Fox Business
March 20, 2018
The once-prominent fashion retailer said during its fourth quarter earnings call that it would close as many as 60 U.S. stores in 2018 through expiring leases, while also adding 11 U.S.-based full price store locations. Abercromie has placed an increased emphasis on its direct-to-consumer efforts, with CEOÃâà...
Digiday
March 20, 2018
... and physical stores will play an important role here — but to keep customers, retailers need to nail differentiated inventory, improve the shopping experience across online and in store, and reorient strategies to put the customer at the center. “If you're a retailer you need to have a strong Amazon strategy,Ãâà...
CBS News
March 20, 2018
"Running a retailer with high balance sheet leverage is really tough, especially now," said Charlie O'Shea, an analyst at Moody's. The industry "has changed so much since the Toys 'R' Us buyout that if you don't have a fair amount of financial flexibility -- and that's not a profile that a leveraged retailer hasÃâà...
NPR
March 20, 2018
... a consumer makes returns and the dollar amount of those returns to calculate whether a shopper is considered a risk to a retailer and to prevent return fraud. "Fraudulent and abusive returns are a $9-$17 billion per year problem for retailers in the United States," The Retail Equation says on its website.
Inland Valley Daily Bulletin
March 18, 2018
FILE PHOTO. The Pomona City Council recently discussed alcohol sales in the city and whether there is a proliferation of retailers. By Liset Marquez | lmarquez@scng.com | Inland Valley Daily Bulletin. PUBLISHED: March 17, 2018 at 9:43 am | UPDATED: March 17, 2018 at 10:42 am. Resident Arturo Jimenez is concernedÃâà...
WNYT
March 18, 2018
BOSTON (AP) - Marijuana companies will be banned from most Massachusetts municipalities when recreational sales begin this summer. The Boston Globe reports that a review of the state's 351 cities and towns shows at least 189 have barred retail marijuana stores. This is according to a Globe review ofÃâà...
Business Insider
March 18, 2018
"I have been working from 4 a.m. till midnight every day on this talking to other toy company executives, lawyers, bankers, other retailers," Larian said. "I'm exhausted." At a Thursday hearing at U.S. Bankruptcy Court in Richmond, Virginia, vendor lawyers said they were receiving hourly calls from clientsÃâà...
Business Insider
March 17, 2018
"We believe defaults in 2018 could match or exceed last year's record level," S&P Global Ratings analyst Robert Shulz wrote in a recent report that identified 20 retailers at risk of defaulting. The pace of retail liquidations could also pick up this year, he wrote. "Despite store closures amid the turmoil, the US remainsÃâà...
WTOP
March 16, 2018
DSW has opened its newest store at Mall at Prince Georges, the latest new retailer to join the Hyattsville Mall in Hyattsville, Maryland. (PRNewsFoto/DSW ... Other retailers coming soon include Five Below, Five Guys Burgers and Fries, Grand Jewels, Mezeh Mediterranean Grill and ULTA. The Mall at PrinceÃâà...
KYMA
March 15, 2018
The toy retailer struggled for years to compete with Walmart and Amazon, amassing mountains of debt while suffering from poor sales. In September, it finally filed for bankruptcy. It's the latest in a long line of once-beloved retailers and brands that have withered away after their moments in the sun.
|
news and opinion
|
