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Strategy

  • Visa makes play in mobile payment space

    Visa Inc. has disclosed an investment stake that indicates it has a strong interest in helping retailers process mobile transactions.

    In a filing with the Securities and Exchange Commission (SEC), Visa said it holds 3.5 million shares in payment processing provider Square, equal to a 10% stake. The investment was worth about $30 million as of Thursday, Feb. 11.

  • Victoria’s Secret CEO resigns; Wexner steps in

    L Brands chairman and CEO Leslie Wexner is assuming leadership of the company’s biggest division, Victoria’s Secret, after the retailer announced that CEO Sharen Jester Turney had resigned. Her sudden and unexpected departure follows a tremendous growth run for the brand.

    Turney spent 16 years with Victoria’s Secret, joining the brand in 2000 as president and CEO of Victoria’s Secret Direct. She became CEO of brand in 2006. She will continue to serve as an advisor to the business, according to an L Brands statement.

  • Food Lion recognizes store manager of the year

    Food Lion's focus on employee excellence was on display this week when the grocery chain recognized some of its exemplary managers with awards.

  • Report: Whole Foods mulls adding tattoo parlors

    Whole Foods shoppers looking for organic kale smoothies and non-GMO dog food could soon also get a tattoo while in-store.

    According to a report from Bloomberg, Whole Foods CEO Walter Robb  says his company’s new 365 chain is going to try some tactics outside of the conventional grocery-store playbook, including setting up tattoo parlors in the stores.

    Read more about the company's plans by clicking here.

  • Report: Whole Foods Market considering tattoo parlors in new chain

    Shoppers at Whole Foods Market’s new 365 chain might be able to get a tattoo while they stock up on organic kale smoothies and non-GMO dog food.

    In an interview on Bloomberg TV, Whole Foods CEO Walter Robb says the 365 format is going to try some tactics outside of the traditional supermarket playbook, including setting up tattoo parlors in the stores.

  • Tech Bytes: Three Reasons to Buy a Pure Play Retailer

    I previously wrote a column about the benefits opening physical stores can offer pure play online retailers. Inspired by the recent completion of the Hudson’s Bay-Gilt acquisition, this week I’d like to examine three instant advantages purchasing a pure play retailer can provide to brick-and-mortar chains.

    Instant Expertise

  • Kohl’s eliminates three senior exec positions

    Several published reports are indicating that Kohl’s has eliminated three senior level leadership positions.

    Kohl’s has reportedly eliminated the positions of chief digital officer, senior vice president of store environment and development, and senior vice president of communications and public relations. Retailing Today was unable to independently confirm the jobs cuts or the identify of executives involved. Kohl’s representatives were unavailable for comment.

  • Nordstrom teases New Yorkers with a glimpse of the future

    Nordstrom revealed dramatic plans for a massive and elaborate flagship in Manhattan designed to wow residents of a city accustomed to the best retailers have to offer.

    The approximately 363,000-sq.-ft. store will encompass four individual properties in the Columbus Circle neighborhood of Manhattan, along Broadway between West 57th and West 58th Streets. Slated to open in 2019, it will be the retailer’s second largest store to date (the largest, at 383,000 sq. ft., is in its Seattle hometown).

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