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Strategy

  • NRF tells Fed to lower swipe fees further

    The National Retail Federation is pressing for a further reduction in per transaction fee banks charge retailers when customers use debit cards five years after the Federal Reserve cut the fee in half.

    In a letter the National Retail Federation sent to the Federal Reserve the trade group said the cap on debit card swipe fees enacted by the Federal Reserve five years ago has helped reduce costs for retailers and consumers but is still higher than intended by Congress and should be lowered.

  • Direct-to-consumer in focus at Catalyst

    Concerns about channel conflict once kept brands from selling to direct to consumers, but not anymore. Branded suppliers selling direct is one of the biggest trends in retail and the shift is creating new growth opportunities for consumer goods companies.

  • Retail CFOs: The Chief Executive’s New Consigliore

    With the retail environment changing so rapidly today, and technology impacting everything a store does, the role of the chief financial officer has become more important than ever. When I started recruiting in 1990, the business was much simpler — we hired retail executives based on a linear skillset and departments operated in individual silos. Today, it is much more complex, as the C-suite works in collaboration to keep up with an increasingly savvy consumer.

    So, what then do you look for in a CFO today?

  • Report: Hy-Vee invests $3.6 million in new training center

    Hy-Vee invested $3.6 million in a new training center for employees and to serve as a headquarters for the Hy-Vee Aisles Online, the company's online grocery division, KCCI Des Moines reported earlier this week. "We are excited to have a creative environment and innovative tools to help grow our future store leaders," stated Denise Broderick, VP education/training for Hy-Vee. "We understand that growing and improving our workforce is crucial to our company’s continued success.

  • Nordstrom Rack to add two more locations

    The off-price division of Nordstrom plans to open a new store in the nation’s capital, and another in Texas.

    Nordstrom Rack will open at District Center in the heart of Washington, D.C. The approximately 37,000 sq.-ft., two-level store, is scheduled to open in fall 2016, will be the retailer's thirteenth Nordstrom Rack in Washington, D.C./Baltimore area having first opened in the area at Potomac Mills in Woodbridge, Virginia in 1990.

  • Ross Dress for Less on the move in Texas

    Ross Dress for Less opened a new store in El Paso, Texas on March 5.

  • Ex-Walmart, Sears exec joins Conn's board

    Conn's is adding two independent directors with deep retail expertise to its board.

    The company announced that James Haworth and Oded Shein have been appointed as independent directors.

    “Jim and Oded are proven leaders with more than a half century of combined retail experience,” said Theodore M. Wright, non-executive chairman of the board, Conn’s. “They add even greater depth to our Board as we continue implementing Conn’s strategic plan.”

  • Amazon makes it easier for customers to get their 100-inch TVs

    Amazon.com is opening a state-of-the-art distribution center in Edgerton, Kansas, to fulfill orders for large items such as refrigerators or kayaks.

    The company says the facility will create approximately 1,000 full-time hourly positions, plus many managerial and support roles to support customer fulfillment. In Kansas, Amazon currently operates facilities in Lenexa.

  • Korean beauty retailer sets up shop in the United States with more stores to come

    Photo: Aritaum, H-Mart, Ridgefield, New Jersey

  • GameStop emerges victorious from transitional 2015

    GameStop's efforts to generate growth by diversifying its business model worked well in 2015, as the video game retailer posted its third straight year of positive comps.

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