Skip to main content

Retail

  • Report: Amazon tests delivery lockers in stores in Seattle and New York

    New York City -- Amazon is testing robotic delivery lockers that people can use to receive items they order from the website, according to published reports.

    Wired magazine reported online that the company was conducting the tests in Seattle and New York at Rite Aid and 7-Eleven stores, as well as other locations. The new service would allow people to select a locker location for delivery and then go to retrieve their items automatically using a six-digit code.

  • Happy days are here again, or may be soon

    Although Walmart won’t provide official fourth-quarter sales guidance until Nov. 15 when it releases third-quarter sales, company executives sounded very bullish about Walmart’s prospects for holiday success and longer-term growth during an all-day meeting with financial analysts on Wednesday.

  • Walmart Foundation names new leader

    Sylvia Mathews Burwell was named president of the Walmart Foundation Friday morning and will join the organization in January 2012. She currently serves as president global development for the Bill & Melinda Gates Foundation and will replace Margaret McKenna who served as president of the Walmart Foundation since 2007 and announced her retirement earlier this year.

  • FacilitySource, receives $10 million in financing

    Columbus, Ohio -- Facility Source, a global provider of facility maintenance and management solutions to retailers, has received an investment of $10 million from BMO Capital Markets’ Mezzanine Fund.

    This infusion of capital will allow FacilitySource to fund growth and strategic capital expenditures, including expansion of its offices in North America and Europe, continued investment in its software applications to support retail facility management solutions, as well as pursue potential strategic acquisitions.

  • StreetMac acquires Texas and Oklahoma malls

    Northbrook, Ill. -- StreetMac Asset Managers announced that an affiliate has purchased the Brazos Mall in Lake Jackson, Texas, and the Shawnee Mall in Shawnee, Okla., through a joint venture with an affiliate of Stamford, Conn.-based Five Mile Capital Partners. The seller was Lightstone Properties.

    The two malls have a combined 1.14 million sq. ft. of leasable retail space. Terms were not disclosed. The acquisitions represent StreetMac’s inaugural purchases of retail malls in markets nationwide.

  • Market Track: September 2011

    Promotions during September saw mixed outcome with some retailers increasing the number of pages and inserts, while the rest decreased the volume of promotions. The contrasting promotional strategies among the retailers led to the overall change being minimal. 

    Like August, the largest decrease was Lowes, which saw a 61% drop in number of number of pages per market and 54% decline in inserts per market. This was a result of Lowes not having promotions in the second and third week of both August and September.

  • Gap details growth strategy; will test Piperlime store

    New York City -- Gap executives reaffirmed its commitment to reducing square footage at home, aggressive international expansion and online growth during a presentation at Gap Global Creative Center in New York City. Gap also revealed that its online-only Piperlime division will explore a store concept next year and is testing men’s apparel.

  • Staples makes big changes to small business offerings

    FRAMINGHAM, Mass. — Staples is looking to appeal to more small business customers by offering an expanded selection of printed products through its Copy & Print service. To further entice these customers, through Nov. 12, the company is offering 30% off all purchases of Copy & Print services of $30 or more produced in store, online or by phone.

X
This ad will auto-close in 10 seconds