While it’s not entirely unheard of to see prices listed in euros stateside, a new federal class action lawsuit claims that retailer Zara’s practice of doing so — and allegedly making up its own exchange rate — has tricked shoppers into paying more than they should.
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]
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]
Whereas it used to feel like you couldn’t turn around at Victoria’s Secret without facing a wall of pushup bras, the company is now focused on a different kind of pushup — the sort you do while exercising and wearing a sports bra. [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]
After taking a few weeks to weigh its options, Aeropostale says it won’t be able to manage a reorganization under bankruptcy, and instead is getting ready to auction off all its assets in the coming weeks. It’s also taking fire at the lender it claims pushed it into bankruptcy in the first place.
While Target and Walmart have convinced millions of shoppers to buy groceries at the same store where you buy your furniture, towels, TVs, and just about anything else, traditional supermarket chains have not made much of a push to sell clothing to customers popping in to stock up on eggs, milk, and bread. But one Hy-Vee store in Minnesota is hoping to open shoppers’ eyes to a brave new world by including a clothing boutique alongside all the groceries.
Macy’s hasn’t had to face a workers’ strike since 1972, and it looks like that streak won’t be broken, now that the company and the union representing thousands of workers in the New York City area have reached a tentative deal. [More]
Bed Bath & Beyond is apparently looking to grow, well, beyond its big box status, as it went shopping for a furniture and decor company and wound up scooping up home retailer One Kings Lane. [More]
Nine retailers, including CVS and Rite Aid, have recalled two flavors of store-branded children’s liquid cold medicine over a potential overdose risk.
This Year’s Avalanche Of Online Orders Won’t Be So Great For Retailers When Everyone Starts Returning Gifts
While many retailers were surely over the moon with an increase of online sales this year, that same burst in orders will have one effect that likely won’t make companies happy. Because when it comes time to return gifts purchased online, retailers are often on the hook to cover the costs involved. [More]
While we’re used to naming our own price for, say, a flight or a hotel using aservice like Priceline or Hotwire, it’s not every day that a clothing retailer gives customers the chance to choose what they’ll pay for apparel. Online-only retailer Everlane is giving shoppers the opportunity to pick from a few price tags for certain items in order to move overstock, but there is one small catch. [More]
It seems everywhere you turn these days, another company is offering a new way to pay with a smartphone: there’s Apple Pay, Android Pay, Samsung Pay, as well as Walmart’s newly announced mobile payment system, and now Target might be hopping on the bandwagon with its own mobile wallet. Any bets on whether it’ll be called “Target Pay”? [More]