Strategy

Ten years after first entering the market, Toys "R" Us has opened its 100th store in China. The retailer has opened a total of 27 new locations across China within the past year.

National Retail Federation president and CEO Matt Shay shared a message of inspiration and transformation to mark the beginning of the trade group’s annual Big Show, which again drew a record number of attendees to New York.

Joyce Leslie on Monday announced that it filed a motion on January 14th for court approval to set bid procedures and an auction date for a sale of most of its assets.

The young women’s fashion retailer had previously announced that it had filed a voluntary petition under Chapter 11 on Jan. 9.

La-Z-Boy Inc. announced the appointment of James Chickini as VP, real estate, responsible for real estate development initiatives for the La‑Z‑Boy Furniture Galleries store network, including corporate-operated locations, across North America.

Wal-Mart Stores’ online push continues.

The retailer will merge its Bentonville-based information systems division with its Silicon Valley-based technology unit, zWalmartLabs, next month, Reuters reported.

The merger will create a new group called Walmart Technology.

The chain’s CIO, Karenann Terrell, and chief technical officer, Jeremy King, will continue to lead the information systems group and zWalmartLabs, respectively. Both will report to Neil Ashe, head of the chain e-commerce division, the report said.

When providing the BDO retail IPO outlook for 2015 at the beginning of this year, we asked: Will consumer businesses face a potential Alibaba hangover in 2015?
 

Walmart said it will close 269 stores worldwide this year, including many of its smallest stores, in an unprecedented move CEO Doug McMillon characterized as being more disciplined about growth.

The pet products category is hugely important to Tractor Supply and now the nation’s largest operator of farm and ranch stores has devised an innovative approach to drive demand at its nearly 1,500 stores.

The National Retail Federation confirmed what many retailers already knew and made a downward revision to a holiday forecast that initially called for 3.7% growth.
 
Citing what it called “unforeseen events,” the National Retail Federation (NRF) said sales during November and December increased 3% to $626 billion, down from an earlier forecast which envisioned growth of 3.7%.   
 

Aeropostale announced on Friday that the New York Stock Exchange had accepted the company's plan for continued listing, subject to quarterly review.