Retail

ROGERS, Ark. -- Former Walmart executive Jack Shewmaker passed away Wednesday evening. He was 72.

Shewmaker began his career at Walmart in 1970 and rose steadily through the ranks of the company, serving in numerous capacities, including district manager; VP security (now known as loss prevention); VP store operations; EVP store operations, personnel and merchandise; CFO; and president and COO. Shewmaker retired from the company in1988, but continued as a member of Walmart’s board of directors.

By Charles Nicholls, [email protected]

So what can you do during the crazy holiday season to reduce shopping cart abandonment? We thought we’d put together a holiday season checklist to help you keep your customers in the shopping cart this Christmas.

Before thinking about solutions to your shopping cart abandonment problem, it’s useful to look at the reasons why customers abandon. Based on this Forrester study, you can group the top five reasons into:

New York City -- Indoor billboard network StoreBoard Media said Thursday that it has secured its first retail installation in Canada via a new licensed partner based in Vancouver.

StoreBoard’s new licensee, operating as StoreBoard Media Canada, has signed an agreement with London Drugs to place ads on the retail chain’s security pedestals in the stores’ entrance ways, computer and audio video departments across Western Canada starting immediately.

York, Pa. -- ThThe Bon-Ton Stores reported Thursday that its loss for the third quarter widened to $6.3 million, compared with a loss of $4.2 million in the prior year.e Bon-Ton Stores reported Thursday that its loss for the third quarter widened to $6.3 million, compared with a loss of $4.2 million in the prior year.

Total revenue fell to $716.9 million from $722.6 million.
 

Pittsburgh -- American Eagle Outfitters reported Thursday that net income for the quarter ended Oct. 30 was $33 million, compared with $59.2 million in the year-ago period. The drop was largely a result of investment losses and a prior-year tax benefit, and masked growth in sales and margins.

Total sales for the quarter increased to $752 million, compared with $736 million last year.

Same-store sales increased 1%.