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Strategy

  • Target explains chip cards to customers

    New York -- Target Corp. has finished EMV conversion at the point-of-sale. And the retailer is letting customers in on the news.

    The chain has posted an article, “Chip Cards at Target: Five Things You Need to Know Before You Check Out,” and related video on its blog.

    In the posting, Target gives customers some advice for using chip cards, including that they leave the card in the card reader until prompted to remove it.   

  • Abercrombie swings to loss in Q2 but still tops Street

    New Albany, Ohio – Efforts to change its merchandising and branding paid dividends at Abercrombie & Fitch Co., which reported smaller net loss and revenue decline than expected in the second quarter of fiscal 2015.

    Abercrombie reported a net loss of $810,000, compared to net income of $12.9 million the same quarter a year earlier.

    Revenue fell 9% to $817.8 million, from $890.6 million.

  • West Elm to open its first in-store shop — in London

    New York – In a first, West Elm, a Williams-Sonoma subsidiary, will make its products available outside of the brand’s own stores and website.

    The Williams-Sonoma subsidiary said it has entered into a partnership with U.K. department store retailer John Lewis to open an in-store shop in the newly renovated John Lewis flagship on Oxford Street in London. The shop will open on Sept. 3, following the launch of a branded West Elm shop online at Johnlewis.com.

  • Report: Walmart to stop selling some rifles

    Walmart plans to stop selling certain types of assault and sporting rifles, the company said on Wednesday.

    “There wasn’t a whole lot of demand for those products so we replaced them with products we have seen customers coming into purchase it," Walmart spokesman Kory Lundberg told Fortune. 

    The move comes as the largest seller of guns and ammunition in the U.S. has been a large part of the national gun debate following recent shootings.

  • Tully’s revels in mobile POS capability

    Seattle – Tully’s Coffee is reveling in a new mobile POS capability.

    More precisely, Tully’s has selected Revel's iPad POS systems to be deployed across 46 corporate stores located in the western U.S.

    The lightweight Revel hardware decreases the amount of counter space used, connects to the cloud and seamlessly integrates with Tully's current Synergy loyalty platform. Tully’s can also track inventory, manage payroll and provide analytics in real time.

  • The Bon-Ton poised for omnichannel growth

    The Bon-Ton Stores is opening a new fulfillment center as the retailer looks to cut back on the amount of time it takes to deliver an online order.

    The company announced the grand opening of its 743,000 square-foot state-of-the-art direct-to-consumer fulfillment center in West Jefferson, Ohio. The facility, which began transitioning fulfillment operations in June, was designed with the customer in mind and supports the company’s expanding e-commerce business and aggressive omnichannel growth, the company says.

  • C-store retailer to offer its first private label credit card

    Altoona, Pa. -- Family-owned convenience store chain Sheetz is partnering with First Bankcard to offer its first private label credit card, the Sheetz Personal Credit Card.

    First Bankcard is a division of First National Bank of Omaha and a leading issuer of credit cards.

    The card is designed to be used exclusively at Sheetz stores and offers customers’ automatic savings at the chain’s fuel pumps, as well the ability to earn points on every qualifying purchase in its stores.

  • Chico’s Q2 tops forecast; to sell one of its divisions

    Fort Myers, Fla. – Chico’s FAS Inc. on Wednesday released better-than-expected second quarter sales and earnings and also announced it was selling off its Boston Proper specialty women’s apparel business.

    Earlier this year, the retailer launched a turnaround plan that includes closing some 120 stores through February 2017, cutting jobs and reducing spending.

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