Retail Executive News

11/14/2011 - 6:19pm
Wal-Mart acquires Australian tech start-up

Wal-Mart Stores has acquired Australian tech start-up Grabble for an undisclosed amount.

11/14/2011 - 10:43am
J.C. Penney announces appointment of two more Apple veterans; swings to Q3 loss

It’s official: Two more Apple Retail veterans are joining their former boss Ron Johnson at J.C. Penney Co.

11/11/2011 - 11:14am
Christopher & Banks to close 100 stores over next three months

Christopher & Banks Corp. announced Friday that it will close about 100 underperforming stores over the next three months, as part of a restructuring plan that also includes format consolidations and workforce reductions.

11/10/2011 - 5:54pm
Starbucks buys juice company, plans to roll out new concept

Starbucks Corp. announced plans to reinvent the $1.6 billion premium juice market with its all-cash purchase of San Bernadino, Calif.-based Evolution Fresh for $30 million.

11/10/2011 - 5:52pm
Report: JCP’s Johnson taps former Apple colleagues for new team

A Thursday report by the Wall Street Journal said that new J.C. Penney CEO Ron Johnson, who recently left Apple to run the department store chain, is recruiting other former Apple players to join the J.C. Penney team.

11/10/2011 - 5:50pm
Deloitte holiday survey: Internet ties discounters as top shopping destination

Deloitte’s 26th annual holiday survey of consumer spending intentions and trends, released Thursday, found that nearly half (48%) of consumers say they most likely will shop for gifts online this holiday season – a 13% increase from last year.

11/10/2011 - 5:46pm
SpendTrend report: Card spending growth strong in October

A report released by First Data Corp., which tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations, found that, in October, dollar volume growth held steady at 9.4% versus September’s growth of 9.5%.

11/10/2011 - 11:21am
99 Cents Only profit up 17% in Q2, on track to open 12 stores in second half

Discounter 99 Cents Only Stores reported Wednesday that profit for the second quarter rose 17% to $15.1 million, compared with $12.9 million a year earlier.

11/10/2011 - 10:58am
Measuring the Effectiveness of Promotions

By Dan Pahomi and Peter Leith, JustEnough

11/09/2011 - 6:09pm
Walmart denies exploring primary care healthcare platform

According to a Request for Information released and reported by Kaiser Health News, Walmart is in the process of piecing together a comprehensive low-cost primary care healthcare platform.

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