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  • Sports Authority files Chapter 11; store closings loom

    The Sports Authority on Wednesday filed for Chapter 11 bankruptcy protection and said it plans to close or sell as many as 140 of its 463 stores nationwide. The beleaguered company has struggled in recent years under increased competition not only from online players, but also from the likes of Dick’s Sporting Goods and specialty retailers such as Lululemon that have capitalized on the “athleisure” boom in fitness apparel.

  • Report: Sam's Club to overhaul grocery offerings

    Sam's Club is building a team of regional U.S. buyers to bring in more local and organic groceries in order to attract wealthier customers and better compete with Costco.

    According to Reuters,Sam's Club has hired a handful of buyers in Dallas and is considering putting teams in up to five other markets, John Furner, chief merchandising officer at Sam's Club, told Reuters. Until now, all of its buyers have worked out of company headquarters in Bentonville, Arkansas.

  • Report: The Fresh Market is on the auction block

    The Fresh Market is being viewed as a takeover target with recent media reports indicating that some of the biggest names in the grocery game are interested in the company.

    Reuters reports thatKroger is in the second round of an auction process for Fresh Market that has also attracted other companies and private equity firms. Apollo Global Management, KKR & Co and TPG Capital are among the buyout firms participating in the auction.

  • Why is Burberry suing J.C. Penney?

    It’s a matter of checks.

    Burberry Group Plc on Tuesday filed suit against J. C. Penney Co., accusing the U.S. retailer of trademark infringement regarding the high-end brand’s signature "Burberry check" pattern, which dates back to the 1920s.

    In a U.S. district court in Manhattan, Burberry claimed that Penney illegally sold "quilted jackets" with the pattern, as well as "scarf coats" in which scarves carrying the pattern were sold with matching coats, Reuters reported.

  • Online retail growth focus of new index

    Some of the biggest names in e-commerce are part of a new investor index designed to track the performance of the online retail market.

    San Diego-based EQM Indexes LLC, created the index (ticker symbol: IBUYXT) to track the combined performance of 40 to 50 global stocks that derive at least 70% of their revenue from online retail and virtual commerce including the online retail, online marketplace and online travel market segments. The companies that make up the index can be seen here.

  • Report: Walmart merging tech teams to create new group

    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.

  • Report: Amazon expands logistics reach

    Amazon.com's China division has registered as an ocean freight forwarder, which will give the e-commerce giant more control over shipping products from Chinese factories to U.S. shoppers, according to Reuters.

    Read more by clicking here.

  • Report: Samsung Pay eyes new frontier

    A planned expansion of Samsung Pay is the latest in a seemingly endless series of maneuvers made by mobile payment providers throughout 2015.

    In an interview with Reuters, Thomas Ko, global co-manager of Samsung Pay, said U.S. consumers will be able to use the mobile wallet solution for online payments in 2016. In addition, Samsung will roll out Samsung Pay to a broader range of lower-priced phones in the U.S. in the coming year. Currently, it is only available as a built-in feature on the Galaxy S6 and S6 Edge devices.

  • Report: Target developing mobile wallet

    A week after Walmart announced it would launch a mobile payment solution, one of its chief rivals is reported to be working on the same.

    Target Corp. is in the early stages of developing its own mobile wallet, according to Reuters, but it has not yet committed to launching the product.

  • Why retail CEOs are worried about climate change

    The chief executives of H&M, Gap Inc. and five other apparel companies are urging world leaders to agree to a strong climate change deal because they fear global warming will drive up their costs by having a negative impact on cotton production, Reuters reported. [Reuters]

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