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Retail

  • Report: Wal-Mart to test in-store lockers for online purchases

    New York -- Walmart plans to test the use of in-store lockers to hold goods ordered on its website until shoppers can pick them up, Reuters reported.

    Neil Ashe, president and CEO of the discounter’s global e-commerce division, discussed the test, which will get underway this summer in about 12 locations, On Tuesday at the chain’s e-commerce media day. The event was held at its global e-commerce offices in San Bruno, Calif. Ashe also said that Wal-Mart is set to surpass $9 billion in annual online sales this year.

  • Kohl’s receives EPA’s highest Energy Star award

    Menomonee Falls, Wis. -- Kohl’s Department Stores will be recognized by the U.S. Environmental Protection Agency as a recipient of the 2013 Energy Star Partner of the Year – Sustained Excellence Award for the company’s continued leadership in protecting the environment through superior energy efficiency initiatives.

  • Founder Schulze returns to Best Buy as chairman emeritus

    Minneapolis -- Shortly after abandoning buyout possibilities of his former company, Best Buy co-founder and former chairman Richard Schulze announced Monday that he is returning to the retailer as chairman emeritus.

    Schulze, who is Best Buy’s largest shareholder, is nominating two former Best Buy executives to join him on the board: former CEO Brad Anderson and former COO Al Lenzmeier.

  • Mid-America signs 68,000+ sq. ft. of home furnishings stores in Illinois

    Oakbrook Terrace, Ill. -- Mid-America Asset Management said it has signed three furniture/home décor stores to retail locations in Chicago’s suburbs of Oak Brook and McHenry as well as downstate in Bloomington, Ill.

    Ashley Furniture signed a lease for 31,573 sq. ft. at Colonial Plaza in Bloomington, Ill., with plans to open in spring 2013. Ashley Furniture will co-anchor the 236,460-sq.-ft. center along with Kmart and OfficeMax.

  • Madison Marquette to lease retail space for Dilworth Plaza

    Philadelphia -- Philadelphia’s Center City District, a private-sector sponsored business improvement district, announced on Friday that it has retained Madison Marquette Retail Services to lease the retail space for Dilworth Plaza.

    As part of a major transformation of Dilworth Plaza, premium retail space for the operation of a café concept is available, encompassing 600 sq. ft. with indoor and outdoor seating that can accommodate 60.

  • Research: American Express and USAA tops in credit card customer experience

    Waban, Mass. -- Research results released Monday by Temkin revealed that, based on a study of 10,000 U.S consumers, American Express and USAA earned the top spots in the credit card sector.

    According to the 2013 Temkin Experience Ratings, HSBC was the lowest rated credit card issuer for the third consecutive year.

    "USAA and American Express set the pace for customer experience in credit cards while HSBC is a real black sheep in the industry," said Bruce Temkin, managing partner, Temkin Group.

  • Family Dollar names merchandise operations exec

    Matthews, N.C. -- Family Dollar Stores, announced that it has named Jeffrey Thomas senior VP-merchandise operations. He replaces Scott Zucker, who left the company at the end of May.

    Thomas joined Family Dollar in 2003 as a director of vendor performance. He went on to assume roles with increasing responsibilities, and in 2013, was named VP-merchant services.

  • CVS/pharmacy launches new iPad app

    Woonsocket, R.I. -- CVS/pharmacy announced Monday the launch of a first-of-its-kind interactive iPad app, delivering a virtual 3-D digital drugstore experience for Apple iPad users.

    With the new app, CVS customers can explore a virtual 3-D CVS/pharmacy and access services from the pharmacy, ExtraCare, photo center and MinuteClinic, as well as browse departments to shop.

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