It’s no secret why Walmart bought Jet.com for $3 billion: the company’s e-commerce know-howo and experienced could be the key to the brick-and-mortar retailer’s plans of catching up with Amazon, finally, after all these years. But now that the honeymoon is over, it’s time to look at how, exactly, this marriage will work. [More]
For nearly two years, the corner of Sunset Blvd. and Western Ave. in Hollywood has been home to the shell of a partially finished, three-story Target store. Thanks to an ongoing legal back-and-forth between the city, neighborhood groups, and the retailer, it could be another three years before construction resumes.
Maybe it’s just because Foot Locker had sales growth to report because people are snapping up higher priced- basketball and running shoes, but the company’s CEO seems to be in a very positive mood about the state of malls in the U.S., which is surprising at a time when other mall-based retailers are struggling. [More]
A few years ago, Gap realized that telling its customers to “Dress Normal” wasn’t such a great idea: customers were turned off, and sales plummeted. That air of normalcy is still plaguing the company. [More]
What would the retail landscape look like if we didn’t have the Internet and online shopping? No one can say, for sure (unless you know someone who can travel to parallel universes*), but one analyst says there’d be about 1.2 million more people with jobs in retail. [More]
What happens when a monkey gets loose in a Walmart parking lot and jumps a store employee? Someone catches the whole thing on video, that’s what happens, and the Internet goes crazy.
You can now order just about anything online, but there are some things that can’t be delivered in a box on your doorstep. If department stores and their business model are going to survive, experts say, they need to change their offerings and sell more products that can’t be purchased online. [More]
Often when a shopper is loyal to a brand, product, or company, it’s simply because they have a long history with it. That’s why retailers are trying to hook college-age students now — even before full-time jobs bring them a disposable income — in the hopes that they’ll become lifelong shoppers. [More]
Yet another designer brand has decided to pull back on its department store presence in an attempt to polish up its image in the eyes of consumers and boost flagging sales. Michael Kors announced it will no longer accept coupons for its merchandise sold in department stores, and will be pulling back from that category in general come next year. [More]
Much like its fellow luxury retail brands, Coach has been trying to turn around its struggling business in recent years. Today, the company said its efforts have actually paid off, and that sales are picking up. But despite that, Coach says it’s time to cut loose about 25% of its department store locations in North America, so it can continue to climb its way back up the retail ladder. [More]
Two big names are going to bed with each other, though one of them you may not be as familiar with: South African retailer Steinhoff — known as “Africa’s Ikea” — is buying America’s largest specialty bedding retailer Mattress Firm, for $3.8 billion. [More]
Getting an email from a retailer telling you to reset your password because you may have been the victim of a data breach is alarming enough. Imagine you’re one of the Walmart.com shoppers who say they have received dozens of emails directing them to reset their login credentials.
Once upon a time, you could go into a Target store and purchase an Amazon Kindle or a Fire tablet. Then a spat between the two companies led to Amazon products vanishing from Target shelves and its website. Looks like the two have kissed and made up, with Amazon items making their return after four years away. [More]