Skip to main content

eCommerce

  • Dollar General reveals ’15 growth strategy as Q4 comps to grow 5%

    Even if Dollar General is unsuccessful in acquiring Family Dollar, the company plans to get bigger faster in 2015 by opening two stores every day and enhancing the productivity of an already expansive footprint.

  • Aeropostale closing 75 stores as Q3 loss widens and same-store sales fall 11%

    New York - On the heels of its eight straight quarterly loss, Aeropostale said it would close about 75 stores in the current quarter, and could close 50 to 75 more namesake locations in 2015, and 126 P.S. from Aeropostale stores by the end of January.   The struggling teen retailer reported a net loss of $52.3 million in the third quarter ended Nov. 1,  up from $25.6 million, in the year ago period. It also forecast a bigger-than-expected fourth-quarter loss.  

  • Hudson’s Bay launches credit card agreement with Capital One

    Toronto, Canada – Hudson’s Bay Company is launching a new credit card program with Capital One Financial Corp. that includes the Saks Fifth Avenue banner. The agreement is also planned to add the Lord & Taylor credit card program in June 2015, subject to certain closing conditions.  

  • Best Buy says goodbye to China stores

    Minneapolis –  While some retailers, including Wal-Mart Stores, are ramping up their store presence in China,  Best Buy Co. is pulling up stakes. The consumer electronics chain has entered into a definitive agreement for the sale of its Five Star business to the Jiayuan Group, a China-based real estate firm.   

  • Optimism abounds at Sears/Kmart

    Kmart eked out a positive third quarter same store sales increase, but parent company Sears Holdings still reported a $548 million loss while CEO Edward Lampert claimed customers are responding to transformation efforts.

  • Veteran merchant named CMO at Walgreens

    Walgreens named former Sam’s Club head merchant Linda Filler to the role of president of retail products and chief merchandising officer.

    The hire is a positive development for Walgreens given Filler’s diverse background and accomplishments in a consumer packaged goods industry where many are more likely to recognize her by the maiden named Linda Hefner.

  • Destination Maternity swings to Q4 loss on higher costs

    Philadelphia – Destination Maternity Corp. swung to a net loss of $2.48 million in the fourth quarter of fiscal 2014 from net earnings of $5.63 million in the same quarter last year. Higher cost of goods sold, as well as higher selling, general and administrative (SG&A) charges and other charges, helped push Destination Maternity out the black and into the red.   Net sales fell 5% to $122.05 million from $128.25 million. Same-store sales dropped 5%.  

  • Salesforce: Consumers still like email

      San Francisco – Although email is at the point it’s often considered a “legacy” technology, a slight majority of consumers still prefer it for holiday communication from retailers. According to a new consumer survey from Salesforce, 53% of respondents said that email is their preferred communication channel during the holidays.  
X
This ad will auto-close in 10 seconds