eCommerce

The company formerly known as Men’s Wearhouse plans to significantly reduce its physical presence this year by closing 250 stores, including more than 20% of the Jos. A. Bank stores acquired in 2014.

The major reduction is selling space by the company which changed its name to Tailored Brands earlier this year was announced in conjunction with the release of weak fourth quarter results that were in line with previously released results, which showed Jos. A. Bank stores had 32% decline in same-store sales.

Bag, Borrow or Steal, a specialty online retailer that allows consumers to buy, rent and sell luxury handbags and accessories, is all about creating a sense of community.

Buoyed by strong holiday sales, Express reported impressive results for its fourth quarter as the company’s turnaround remained on track. The chain issued an upbeat earnings forecast for the full year.

The specialty retailer reported better-than-expected net income of $56.1 million, or 67 cents per share compared to $41.8 million, or 49 cents per share, in the year-ago period.

Irvine, Calif. -- Irvine Company has announced it will begin a transformation $30-million reinvestment in Woodbridge Village Center located in Irvine, California. The redevelopment of the center includes upgrading the retail, dining and entertainment mix to complement longtime favorites, freshen the architecture for a coastal California feel, and create an expansive outdoor setting for dining, relaxing and community gatherings that overlooks North Lake.

The CEO of 1-800-Flowers.com is stepping down, but leadership of the 40-year-old company is staying in the family.

The company announced that effective June 30, Jim McCann, founder, chairman and CEO, will transition to the position of executive chairman and Chris McCann, president and Jim McCann's brother, will become CEO. The company says the announcement coincides with the 40th anniversary of the company’s founding and is an integral part of its long-term succession plan.

Amazon will be promoting its growing portfolio of original content available to Prime members on 20,000 movies screens after reaching a multi-year agreement with National CineMedia.

American Eagle Outfitters announced that Mary Boland, chief financial and administrative officer, plans to retire effective April 1, 2016.

The retailer is currently conducting an active search for a successor.

In the interim, Scott Hurd, American Eagle’s chief accounting officer, will lead the day-to-day management of the finance team and assume the role of interim CFO.

Specialty grocery delivery service Wholeshare takes what might be called a “democratic” approach to offering customers online access healthy food products.

“We let consumers buy natural and organic food as a group at wholesale prices,” said Matt Hatoun, co-founder of San Francisco-based Wholeshare. “We cut out the supermarket or natural foods store. We go to the same wholesalers they use.”