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Strategy

  • Jet.com travels in new product direction

    Online retail marketplace Jet.com is making a big move in the home goods market.

    Jet.com is purchasing Omaha, Nebraska-based online home products retailer Hayneedle for an undisclosed sum. The sale was announced in tweets on the official Hayneedle Twitter account. In addition, Jet.com founder, chairman and CEO Marc Lore and Hayneedle president and CEO Jon Barker confirmed the acquisition in an interview with the Omaha World-Herald.

  • Lumber Liquidator woes continue in Q4

    Things were worse than expected for Lumber Liquidators in the fourth quarter, which experienced decreased customer activity that was likely due to cancer-related concerns over its laminate flooring.

    Net sales for the quarter ended Dec. 31, 2015 were down 13.7% year-over-year to $234.8 million, including a comparable store net sales decline of 17.2% that was based on a 15.6% decrease in customer count and a 1.6% decrease in the average sale.

  • Shoppers Drug Mart posts Q4 same-store sales lift of 5%

    Loblaw on Thursday posted $33.6 billion in revenue for its year ended Jan. 2, a 6.5% lift with one week less of sales - Loblaw's fiscal 2015 represents 52 weeks while fiscal 2014 represents 53 weeks.

  • Ahold Delhaize petitions to add 'Royal' to its moniker post merger

    Ahold on Monday announced that the King of the Netherlands has honored its request to use the predicate “Koninklijke” (“Royal”) after its intended merger with Delhaize Group.

    Upon completion of the proposed merger, the statutory name of the combined company will be “Koninklijke Ahold Delhaize N.V.”

  • A Children’s Place's Ezra Dabah returns with online shopping service for young girls

    Young girls are notoriously picky about what they wear, and a new online shopping service founded by the former chairman and CEO of A Children’s Place is looking to do something about it.

  • Four national retailers to open at Hanford Mall

    Hanford, Calif. – Passco Companies announced four leases at Hanford Mall located in Hanford, California. Set to open summer 2016, the new retailers include Buffalo Wild Wings, Five Guys, Dunkin Donuts, and Pieology.

  • Target looks to Amazon for new logistics chief

    Target Corp. is hiring Arthur Valdez, a 16-year veteran of Amazon.com, as executive VP, chief supply chain and logistics officer.

    Valdez will lead Target’s supply chain transformation including planning, distribution and transportation. He will report to Target’s executive VP and COO John Mulligan.

  • Inland honored as one of InformationWeek’s Elite 100

    Oak Brook, Ill. -- Inland Real Estate Investment Corp. has been named a finalist of this year’s InformationWeek Elite 100, a list of the top business technology innovators in the U.S. Inland Investments has also been selected as a finalist for a Business Innovator award in the category of Cloud Services.

  • Another online brand gets serious about offline expansion

    An online brand known for its retro-inspired Indie fashions has brought on new executives to help it move into physical retailing and build an international presence.

  • Amazon in big supply deal with U.K. grocer Morrisons

    Amazon is about to launch its biggest venture into food outside of the United States.

    The online giant will deliver groceries to Amazon Prime Now and Amazon Pantry customers in the United Kingdom under a new wholesale supply deal it has struck with Morrisons, the U.K.’s fourth-largest supermarket chain.

    Under the arrangement, Morrisons will supply fresh, frozen and non-perishable goods to Amazon customers, starting later this year.

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