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Strategy

  • Resistance is futile: holiday shopping overtaking Thanksgiving

    Retailers may as well start devising their 2013 Black Friday plans now based on the popularity of this year’s early openings on Thanksgiving.

    The Thanksgiving evening openings by the likes of Walmart, Toys ‘R’ Us, Target, Sears and Kmart were denounced in some quarters as being anti-family, but a few vocal critics didn’t speak for the majority of shoppers who turned out in droves and spent with gusto.

  • Zale Q1 loss bigger than expected

    Dallas -- Zale Corp. reported a bigger-than-expected first-quarter loss on Tuesday, but said it is on track to turn a profit again.

    The jewelry retailer lost $28.3 million for the quarter that ended Oct. 31, compared to a year-ago loss of $31.9 million.

    Revenue rose 1.8% to $357.5 million. Same store sales rose 3.9%. It was the chain’s eighth consecutive quarter of positive same-store sales.

     

  • Clutter cutter Shopilly adds digital muscle to board

    Silicon Valley startup Shopilly named Dickson Chu to its board of directors.

    Shopilly was founded this year to streamline and organize multi-channel retailer communications across hundreds of brands and thousands of daily messages. The company described Chu as someone who has more than 25 years experience at the intersection of financial services, customer insights and the strategic use of technology.  Most recently he was SVP of merchant solutions at LivingSocial where he was charged with creating a new business unit.

  • Nordstrom and OfficeMax top list of retailers that keep employees happiest

    New York -- For the second year in a row, Nordstrom topped the list of retail companies that keep their employees happiest, followed by Macy’s and OfficeMax, according to an annual survey by CareerBliss. The ranking takes into account employee reviews of their employer based on work-life balance, senior management compensation, benefits and job security.

  • Toys’R’Us expands global e-commerce presence with new web store

    WAYNE, N.J. — Toys“R”Us may be in the throes of an intensely competitive holiday season but several recently announced initiatives are designed to position the company for success beyond Christmas 2012. Expanding its presence in global e-commerce, as well as Asia, the company is launching a dedicated web store, Toysrus.com.cn, in China.

  • Baccarat to open New York City flagship in May

    New York -- Baccarat is set to unveil their newest flagship store in New York City in May 2013 ahead of the iconic brand's upcoming 250th anniversary.

    Located at 635 Madison Avenue at 60th Street, the 2,800-sq.-ft. store -- designed by Rafael de Cardenas -- will be a new global retail model for the brand, showcasing tableware, lighting, decorative objects and jewelry to reflect the richness of the Baccarat lifestyle and the brand's commitment to innovation and excellence.

  • Toys ‘R’ Us strengthens global e-commerce capabilities

    Wayne, N.J. – Toys “R” Us announced it has strengthened its global e-commerce capabilities with the launch of a dedicated web store in China. The company also announced the development of mobile-optimized sites and apps in 11 markets around the world, including Australia, Canada, France, Germany, Japan, Spain, and the U.K. In the coming months, the retailer will introduce the same capabilities in Portugal, Austria and Switzerland, as well as the Netherlands, where it does not currently have a store presence.
     

  • Top retailers earn top rating for LGBT equality policies

    DISTRICT OF COLUMBIA — Office Depot, Apple, Barnes & Noble, eBay, Limited Brands, Nordstrom, Sears, Staples and Target were among a record 252 businesses on the Human Rights Campaign’s 2013 Corporate Equality Index.

    The top retailers earned the top rating of 100% as well as the recognition of being among the “Best Places to Work for LGBT Equality.” A decade ago, in the HRC’s first index, only 13 businesses earned a 100% rating.

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