eCommerce

It’s closing time for Sports Authority, which is giving up on reorganization.

An attorney for the sporting goods retailer told the judge in bankruptcy court on Tuesday that the company is no longer pursuing reorganization and exiting Chapter 11. Instead, it will look for buyers to purchase some or all of its remaining stores.

“It has become apparent that the debtors will not reorganize under a plan but instead will pursue a sale,” company attorney Robert Klyman said in court.

Amazon.com continues to expand its fulfillment center network along with its fleet of college pickup locations.

The e-tail giant will open two new fulfillment centers in New Jersey, in Florence and Carteret. The new centers will create more than 2,000 new full-time jobs in the Garden State, where Amazon already employs more than 5,500 full-time workers.

RadioShack has named a new CEO with retail turnaround and transformation experience.

Dene Rogers will join the company as president and CEO on May 9, 2016. Rogers, who will also serve on RadioShack’s board, previously served as CEO of Target Australia and CEO of Sears Canada, which he led to become Canada’s most profitable online retailer, according to RadioShack.

At RadioShack, Rogers replaces CFO Gordon Briscoe, who has been interim CEO since January when Ron Garriques left the post after serving less than a year.

More consumers can now order takeout food from Amazon.com, and rest assured they are paying a competitive price.

Amazon is making one-hour delivery from 117 different local restaurants available to Prime Now customers in 33 ZIP codes across the San Francisco market. Using the Prime Now mobile app, San Francisco customers can view participating restaurants, browse menus, place orders, track the status of their delivery, and watch as their driver travels from the restaurant to the delivery address in real time.

Office Depot put the blame for disappointing first-quarter financial results on its delayed buyout by Staples.

"The protracted regulatory review of the pending Staples acquisition continues to have a substantial disruptive impact on our business," stated Roland Smith, chairman and CEO, Office Depot. “Our North American Business Solutions Division and International Division are more impacted by this disruption and accordingly, both failed to meet our sales and profit expectations this quarter.”

SuperValu Inc. on Tuesday reported fiscal fourth-quarter profit that beat expectations. But in a setback to plans to spin-off its deep-discount banner, same-store sales fell 2.2% at Save-A-Lot.

SuperValu earnings in the quarter increased to $52 million, or 20 cents a share, up from $39 million, or 14 cents a share, a year earlier. Excluding debt refinancing, store closures and expenses related to the potential Save-A-Lot spinoff, adjusted per-share earnings rose to 23 cents.

1-800-Flowers.com is partnering with Amazon.com to make the digital ordering process even easier.

The specialty floral gift retailer will allow customers to place orders using the Amazon Alexa voice-activated artificial intelligence platform via the Amazon Echo, Echo Dot and Tap smart home devices and Fire TV streaming media player. 1-800-Flowers shoppers will be able to give Alexa basic ordering instructions, and the retailer will then process the order and arrange delivery.

While generally steady post-recessionary economic performance has led to an extended period of retail growth, retailers and retail real estate professionals around the country have begun openly wondering about just how high rental rates can continue to climb. In the last few years, occupancy costs are up significantly virtually across the board; most dramatically in dense urban locations in larger markets.