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eCommerce

  • NRF revises 2017 sales growth forecast

    The National Retail Federation on Wednesday has lowered its annual retail sales forecast, citing government data revisions.   Retail sales for 2017 are now expected to increase between 3.2% and 3.8%, down from the 3.7% - 4.2% growth the NRF predicted earlier this year. The revision comes after the Census Bureau lowered its retail sales figures, and the Bureau of Economic Analysis downgraded its personal income and consumption figures.   

  • Destination Maternity CEO out; Q2 sales slide

    Destination Maternity is looking for a new chief executive.   The struggling maternity apparel retailer said that Anthony M. Romano is stepping down as president, CEO and board member as part of a mutual agreement, effective Sept. 7. Romano has served in the role since 2014, and, prior to that, was president and CEO of Charming Shoppes. His departure follows the recent termination of an agreement for Destination Maternity to be acquired by France's Orchestra-Prémaman.  

  • Former execs from GameStop, L Brands join Tailored Brands

    Two experienced retail executives have joined the management team of the parent company of such brands as Men's Wearhouse and Jos.A. Bank.   

  • Amazon on hunt for location to build a second North American headquarters

    The search is on for Amazon.    The e-commerce giant is currently evaluating where it will open its second company headquarters in North America. The new office, referred to as "HQ2," will be a complete headquarters — not a satellite office. It also could have a similar layout to Amazon's Seattle campus, which employs 40,000 people, and encompasses 8.1 million sq. ft. with 33 buildings, including 24 restaurants.  

  • Home Depot adds ‘voice-activated’ shopping to the mix

    The nation's largest home improvement retailer is getting in on the voice shopping game.   Home Depot is joining Google Express this fall, a move that will give its customers the ability to shop just by speaking their orders. Google Assistant, the search giant's online shopping platform, resides on Google’s smart speaker Google Home and other smart devices.   

  • Toys 'R' Us hires firm to help it explore options

    Toys "R" Us' debt may have finally caught up with it.    With $400 million in debt coming due in 2018, Toys "R" Us is bringing in advisors to help the retailer weigh its options, which could include filing for bankruptcy protection. The nation's largest specialty toy retailer has hired Kirkland & Ellis, a law firm that specializes in corporate restructurings.   

  • E-commerce leader to open robotics-based depot in the Big Apple

    Amazon is expanding its distribution fleet to the Empire State.   The online giant plans to open a new 855,000-sq. ft. fulfillment center in the New York City borough of Staten Island. The facility, which is Amazon’s first fulfillment center in the state, will pick, pack and ship customer items, such as household essentials, books and toys.  

  • Kohl's to partner with e-commerce giant on in-store shops

    Yet another traditional retailer is partnering with Amazon, as the online behemoth continues to expand its presence in brick-and- mortar stores.    Kohl's plans to add an Amazon "smart home experience' in-store shop, or "zone," in 10 select Kohl’s locations across the Los Angeles and Chicago areas starting in October. The spaces will allow shoppers to try out and purchase Amazon devices, accessories and smart home devices and services directly from the online retailer.  
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