Mass Merchant

The retail giant just made another move in its battle against online rival, Amazon.   Walmart is testing a touch-screen monitor in its toy aisle at dedicated stores in Texas. The solution connects shoppers to available inventory at store-level, and if it’s not on-hand, the device enables them to order it online, according to The Street.   

An online giant and the world’s biggest retailer claim the top two positions in a study that ranks retail companies by their brand value.   Amazon ranked as the world’s most valuable retail brand in the annual study by valuation and strategy consultancy Brand Finance. The company’s brand value, $106.4 billion, is nearly double that of Walmart ($62.2 billion), which ranked as the second most valuable retail brand. (An explanation of the ranking is provided at the end of article.)    

Sears Holding Corp. narrowed its adjusted loss in its fourth quarter, but its revenue continued to erode and its debt obligations continued to mount.   Sales plunged 17% to $6.05 billion in the quarter ended Jan. 28, down from $7.3 billion a year earlier. Although the chain’s reduced store portfolio contributed to the decline, same-store sales fell 10.3%, driven by an 8% drop at Kmart and a 12.3% at Sears.  

Six months after launching home delivery, Meijer is expanding its breadth.   The grocery and general merchandise retailer is getting ready to offer home delivery across its six-state footprint, starting with Grand Rapids, Michigan on March 29, and Fort Wayne and Indianapolis, Indiana in April. Meijer also plans to continue rolling out the service to major markets in Michigan, Illinois, Indiana, Ohio, Kentucky, and Wisconsin, the grocer said.   

A former executive at Gander Mountain has joined Jo-Ann Fabric and Craft Stores.    The retailer has appointed Jeff Csuy as senior VP, general merchandise manager, fabric and sewing. He will report to Sharyn Hejcl, Jo-Anne’s executive VP, chief merchandising officer, as he “leads the fabric and sewing team to drive innovation while putting the customer first in all decisions,” Hejcl said.  

Nordstrom Rack will open a store at Cascade Station in Portland, Oregon.    The approximately 28,000-sq.-ft. store is scheduled to open in fall 2017.   This will be the fifth Nordstrom Rack store in the Portland area. Portland is also home to the first stand-alone Nordstrom Rack store, which opened in 1983. The company also operates a full line stores at downtown Portland and Clackamas Town Center.  

Staples swung to a loss in its fourth quarter, and said it would close more stores in 2017.   The retailer reported a net loss of $615 million for the quarter ended Jan. 28, or $0.94 per share, compared to a profit of $86 million, or 20 cents per share, for the year-ago period. Adjusted non-GAAP earnings came in at $0.25 per share, one cent below the consensus estimate.  

Shoptalk, the next-gen retail and e-commerce event, will kick off its 2017 event with 50 speakers on Sunday, March 19, including the VP of Amazon Prime Now, Stephenie Landry.   Sunday’s content will also include a startup pitch contest with significant cash prizes.   Shoptalk take place at the Aria, Las Vegas, March 19-22.