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eCommerce

  • Conn's names new CEO, sells off bad debt

    Conn’s is selling off much of its consumer debt and appointing a new CEO as the specialty retailer looks reposition its business.

    In a series of strategic moves designed to shore up its ailing consumer finance business and restore investor confidence, Conn’s has named Norman Miller as its new CEO, entered into an agreement to securitize $1.4 billion of retail installment contract receivables, and received board authorization to repurchase up to $75 million of securities, and termination of the stockholders’ rights plan.

  • What’s in a name? Costco finds out

    New York – What’s in a name? When that name is Tiffany, as Costco discovered, potentially some hefty financial penalties.

    Federal judge Laura Taylor Swain has ruled in favor of Tiffany & Co. in a suit the luxury retailer initially brought against Costco Wholesale Corp. in February 2013. The civil suit sought damages for what Tiffany said were fake “Tiffany” engagement rings Costco sold at one of its stores in Huntington Beach, California.

  • Toy titans square off before the first bell jingles

    With Halloween still more than a month away, two of the biggest names in retail have released their lists of the hottest toys this holiday season.

    Target and Toy”R”Us have both revealed their 2015 Holiday Hot Toy Lists, with everything from scooters to Star Wars to the trendiest video games.

  • Study: Slow sites drive away customers

    Mahwah, N.J. - Bulky, slow web pages will drive away shoppers.

    According to a new study of the top 100 e-commerce sites from Radware, “State of the Union: E-commerce Page Speed & Web Performance Summer 2015,” 57% of site visitors will abandon a web page after just three seconds if they are unable to interact with the key content.

  • Wish lists go omnichannel

    Wayne, N.J. – The days of kids using pencils to write holiday wish lists in poor handwriting may be over.

    Toys “R” Us is offering the #TRUHotToyList, an omnichannel listing of the holiday season’s hottest toys.

  • Report: Physical stores and technology have strong appeal for ‘omnishopper’

    New York -- While the use of technology in shopping is almost universal, brick-and-mortar stands strong, with the “omnishopper” choosing physical stores for better customer service and a faster, more social buying experience.

    That’s one of the key findings of a report released on Wednesday by MasterCard, which notes that the continued appeal of physical retail might be a contributor to e-commerce’s relatively flat growth as a share of total retail sales (7.5% globally).

  • Barnes & Noble considering new format

    On a day when his company reported its fifth straight quarter of sales declines, the CEO of Barnes & Noble sounded a positive note, telling the Wall Street Journal that the retailer is looking at a new store prototype.

  • PacSun does corporate reshuffling as part of expense cutting move; CFO departs

    Anaheim, Calif. – Pacific Sunwear of California Inc. is launching a major expense reduction initiative in the wake of disappointing second quarter results.

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