Corporate Governance

Rough going for Macy’s
Macy’s on Wednesday reported its fifth consecutive decline in same-store sales, and announced plans to improve its performance, from new product launches to more off-price shops. The nation’s largest department retailer also reduced its sales and earnings guidance for the year. Similar to many retailers, Macy’s is challenged by an overall retail environment marked by sluggish traffic, increased competition and cautious consumers.
In the Mix(ed Use) at RECon
ICSC’s annual RECon convention has long been a rite of spring for many real estate professionals. For three decades, RECon has brought dealmakers and decision-makers to Las Vegas, and today the event regularly attracts more than 30,000 attendees.

Wal-Mart sues Visa over chip-enabled debit cards signature verification

Wal-Mart Stores filed a lawsuit against Visa Inc., saying the payments network wants it to verify transactions made with debit cards with signatures rather than the chip-and-PIN protocol, Bloomberg reported.
Wal-Mart sues Visa over chip-enabled debit cards signature verification

Wal-Mart Stores filed a lawsuit against Visa Inc., saying the payments network wants it to verify transactions made with debit cards with signatures rather than the chip-and-PIN protocol, Bloomberg reported.
Forget garage sales—just go to FedEx

Consumers looking to sell their unwanted treasures now have a new option thanks to a partnership between eBay Inc. and FedEx Office. The two companies are teaming up to offer eBay Valet drop-off locations at more than 1,600 FedEx Office stores nationwide over the coming months.
Dollar General keeps expanding its distribution network

Dollar General Corp. has announced plans to build what will be its 15th fqcility in the discounter’s growing distribution network. The discounter has purchased land in Jackson, Georgia to serve as the location for the new distribution center it plans to construct in the central part of the state.
Discounter enters Florida; on track for 28 -32 stores in 2016

Ollie’s Bargain Outlet Holdings has entered the Sunshine State, opening a store in Orlando, Florida. The new location represents the extreme discounter’s 208th store and 18th state of operation. In keeping with the company’s strategy of expanding into contiguous states and new markets, Ollie’s plans to open a total of six to nine stores in the state of Florida this year and 28-32 new stores overall across the eastern half of the United States in 2016.
Boom in dollar stores may pose threat to grocers

Traditional supermarket retailers are facing competition on all fronts, from online pure players, discount grocery chains and from the extreme-value general merchandise retailers (dollar stores). While dollar stores remain a niche segment, consumables are becoming a more important part of the sector, according to a report on forbes.com.
Changes at the top for The Container Store

Kip Tindell, chairman and CEO of The Container Store, is giving up his CEO title. He will continue as chairman of the company, which he co-founded in 1978..
Krispy Kreme acquired in billion dollar deal

A company that achieved global fame for its simple glazed doughnuts has been acquired by the owners of a growing coffee empire. Krispy Kreme Doughnuts has agreed to be acquired by JAB Beech Inc., a unit of German investment firm JAB Holding Company, for about $1.35 billion. The deal, which would take Krispy Kreme private, is the most recent in a string of purchases by JAB Holdings, including its acquisition in late 2015 of single-serve coffee maker Keurig Green Mountain.
Three Ways Gen Z Will Change Retail

Everyone is talking about the huge impact millennials are having on retail. Also known as Gen Y, they are usually considered to occupy the 18-to-35 age demographic. But what about Gen Z, the younger siblings (or even children) of millennials?

Based on what we’ve seen so far, here are three ways Gen Z will change retail in the next few years.

Video Killed the Retail Star
Canadian retailers respond to Fort McMurray wildfires with donations

Both Walmart Canada and Loblaw companies sent financial aid to support the relief efforts in the Fort McMurray community. According to reports published Friday morning, fires in the province of Alberta have to date forced the evacution of 88,000 residents and destroyed more than 1,600 structures.