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eCommerce

  • Warehouse club giant says online initiatives starting to take off

    Costco Wholesale Corp. has been playing catch up with its competitors in the online space — and its efforts may be starting to bear fruit.      The retailer has been adding more higher-end brands to its online merchandise mix and also improved stock levels for high volume items, Bloomberg reported.   

  • American Dream’s new look is unveiled

  • Getting Smart about Retail Lighting with LEDs

    When it comes to retail operating costs, energy is one of the top three expenses. Lighting is of course a component of this, accounting for 50% of energy costs for non-food retailers. Each square foot of a typical retail store costs roughly $0.71/SF/year – a cost that quickly adds up at the store and chain level.1, 2, 3  

  • QVC names new head of technology

    Todd Sprinkle has been appointed CIO at QVC.   Sprinkle, who served as the company’s VP, IT strategy, planning and effectiveness, will now oversee QVC's global IT organization spanning the U.S., U.K., Germany, Japan, Italy, France and China, and at QVC's global business service operation in Poland.     Under his leadership, QVC’s IT team will continue delivering a seamless and engaging multi-platform experience for customers and team members, globally.   

  • Starbucks to nearly double store count by 2021; two new formats in works

    Starbucks Corp. unveiled an ambitious five-year strategy that calls for major expansion, includes two new store formats, including freestanding bakeries.      The coffee giant said it plans to plans to open approximately 12,000 new stores globally by 2021, including 5,000 cafes in China. The new round of expansion would bring Starbucks’s total store portfolio to approximately 37,000 locations.   

  • American Apparel seeks to close nine stores before January auction

    The ongoing saga of American Apparel is slowly making its way to a final conclusion.    The beleaguered retailer is seeking court approval to shutter nine poor-performing stores by the end of  December, prior to the auction of its business on Jan. 9, reported The Wall Street Journal, American Apparel filed Chapter 11 in November, its second filing in 15 months.   

  • Newegg reports record-breaking November sales

    Newegg closed the books on its most successful “Black November” to date.   Strong sales from the five-day period of Thanksgiving through Cyber Monday drove a 19.1% year-over-year sales increase. These sales surpassed online shopping as a whole, which increased 15.2% during that same time-rame, according to Adobe Digital Insights, as reported on Nov. 29.   

  • Staples in deal to sell its European operations

    Staples will sell a controlling stake in its European operations to private equity firm Cerberus Capital Management for an estimated $53.65 million as the retailer continues to focus on North America following its failed take-over of Office Depot.  
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