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Retail

  • Through the Looking Glass

    The “present” of retail technology just got a little more futuristic. Specialty paint retailer Sherwin-Williams recently released a new consumer app for Google Glass, called ColorSnap Glass, which provides a digital layer of color samples customers can view using the Google Glass device.

  • Walmart’s U.S. sourcing initiative nets 74 jobs in home state

    A manufacturing facility in Rogers, Ar., operated by Redman & Associates plans to hire 74 new workers as it increases domestic sourcing of ride-on toys sold at Walmart.

  • Dollar General opens 11,000th store

    Goodlettsville, Tenn. -- Dollar General Corp. has opened its 11,000 store, marking itself as the retailer with the most stores in the United States.

    The st0re is located in Murfreesboro, Tenn. Dollar General said it anticipates opening 650 new stores in 2013. The company plans to create 6,000 new jobs in 2013.

  • Best Buy jams with Gibson in Canada

    Best Buy Canada is now offering Gibson’s guitars and basses from Gibson USA and Epiphone, both online and in select stores across Canada. This launch adds to the ever-growing selection of more than 300 musical instruments available online at bestbuy.ca.

  • GE Capital is sole lender on $100 million credit facility for Samuels Jewelers

    Norwalk, Conn. – GE Capital, Corporate Retail Finance announced it is administrative agent and sole lender on a $100 million senior secured credit facility for Samuels Jewelers. The proceeds will be used to refinance existing debt and to support ongoing working capital needs. GE Capital Markets served as lead arranger.

  • No Obama, but Walmart Asia CEO touts progress in Bali

    The Asia-Pacific Economic Cooperation (APEC) organization’s CEO Summit is winding down in Bali, Indonesia and Walmart Asia CEO Scott Price used the event as a platform to share progress the company has made on a variety of fronts.

    Price, who serves as chairman of the National Center for APEC, was among a roster of high level business executive and global political leaders to attend the event which ran from October 1-8. Notably absent was U.S. President Barack Obama who had canceled his visit at the last minute due to the U.S. government shutdown.

  • Walmart supplier Redman & Associates to set up manufacturing facility in Arkansas

    Rogers, Ark. -- Walmart and Redman & Associates, a manufacturer of ride-on toys, announced that Redman will open a new manufacturing and distribution facility in Rogers, Ark., that will six-volt battery-powered ride-on toys featuring characters from popular Disney and Marvel franchises.

  • Mintel: High-income households shopping dollar stores

    Chicago -- Dollar stores are not just for lower- and middle-income shoppers. In fact, half (50%) of respondents from the highest-income households ($150k+) say that they are shopping at dollar stores the same amount this year compared to last year, with 10%  say they are doing so more than last year, according to new research from Mintel. Only 32% of respondents from the highest-income households claim not to shop at dollar stores.

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