eCommerce

New York -- A Wednesday report by Women’s Wear Daily quoted activist investor Bill Ackman, whose Pershing Square Capital Management is the largest shareholder of J.C. Penney Co., as saying that he won’t abandon the retailer following this week’s CEO shake-up.

"We are not going anywhere," Ackman told WWD in his first public comments since Ron Johnson was fired as CEO on Monday. "In fact, we're going the other direction. We're digging in."

Dallas -- Alliance Data Systems Corp. announced its retail services business has signed a long-term agreement to provide private label credit card services for Barneys New York.

By Brad LaRock, [email protected]

If the 2012 holiday retail season proved anything, it’s this: the smart merchant gets the sale. Retailers have to plan strategically, segment their customer base, and think like today’s super connected shopper.

New York -- Costco Wholesale appears to be eyeing China's online commerce market, according to published reports.

The Southern Metropolis Daily, a newspaper based in the southern Chinese city of Guangzhou, reported Thursday that the Issaquah, Wash.-based club retailer was interested in entering the country's e-commerce market and was in the process of looking for local partners.

New York -- Ron Johnson is out as CEO of J.C. Penney. In making the announcement, the company also said that that Myron E. (Mike) Ullman has rejoined Penney as CEO, effective immediately. Ullman, who served as CEO of Penney until late 2011, has also been elected to the board of directors.

Johnson’s departure was not all that unexpected given the chain’s mounting losses and sales declines. But it was still a stunning reversal of fortune for the former golden boy of Apple, who left the tech giant amid great fanfare for the top job at Penney.

Bentonville, Ark. -- Wal-Mart said it will open two additional college campus locations, nearly two years after make its university debut at the University of Arkansas at Fayetteville.

According to a Monday report by the Wall Street Journal, which cited Inside Higher Ed, the retailer will open a 5,000-sq.-ft. store at Arizona State University in Phoenix next month, and will open in Atlanta on the Georgia Tech campus later this year.

Arlington, Va. -- The Retail Industry Leaders Association said Monday via a written letter to the House Ways and Means Committee that all corporate tax preferences need to be “put on the table” so that politics can be neutralized and progress can be made.

Seattle -- Nordstrom said Monday it will open a new namesake department store in Toronto in fall 2016, making its foray into the country a two-store debut.

The three-story, 188,000-sq.-ft. store planned for Toronto's Yorkdale Shopping Centre will join a previously announced, smaller store in the city's Sherway Gardens mall.