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Mass Merchant

  • Sears Canada reaches out to Target Canadian employees

    Toronto – Sears Canada is reaching out to Target’s Canadian employees. The retailer is encouraging the 17,600 workers who will likely lose their jobs when Target exits the Canadian market later this year to apply for jobs online.

    Sears Canada also plans to host job fairs for soon-to-be-laid-off Target employees across Canada, and will host a meet-and-greet for Target Canada head office employees with senior executives and HR experts at its corporate headquarters on Wednesday, Jan. 21.

  • Wal-Mart shuffles senior executives; announces departures

    Bentonville, Ark. - The restructuring of Wal-Mart’s senior executive ranks continues with the latest round of appointments involving some familiar leaders in new roles with curious titles, as well as some key resignations.

  • Express, Sycamore end acquisition talks

    Columbus, Ohio –  Express Inc. and private-equity firm Sycamore Partners announced that, despite having worked together in good faith towards a transaction during the past several months, discussions regarding Sycamore’s expressed interest in acquiring Express have been terminated. The companies said that discussions were halted due to the unavailability of financing on commercially acceptable terms.

    In June, Express said it had been approached by Sycamore about a potential deal. Sycamore Partners has a 9.8% stake in Express.

  • Walmart launches in-store tax refunds in cash

    Walmart is hoping to increase the cash in in-store shoppers’ wallets this year by offering a new tax refund service.

    Direct2Cash is a way for customers to collect their tax refunds in cash at stores this tax season. The service is an alternative for taxpayers who otherwise might get refunds via check or direct deposit.

  • Walmart elevates exec to omnichannel role

    With retail executive titles becoming increasingly exotic, credit Walmart for coming up with an unusual sounding title for a position that other retailers might describe as chief omnichannel officer.

  • Toys ‘R’ Us will exchange unsafe toys

    Wayne, N.J. – The “Island of Misfit Toys” from the legendary Rudolph the Red Nosed Reindeer holiday special has nothing on Toys “R” Us. Toys "R" Us is running its 10th annual "Great Trade-In" event that lets customers exchange potentially unsafe, old and second-hand cribs, high chairs, car seats, strollers and other items in exchange for savings on a new item.

  • Barnes & Noble retail group CEO to retire; will serve as real estate advisor

    New York -- Barnes & Noble announced that Mitchell Klipper, CEO of the retail group, will retire at the end of the fiscal year, ending May 2, but will remain with the company in the role of special advisor on real estate and other matters. Klipper, a 28-year veteran of the chain, previously served as the retailer’s COO and CFO before being appointed chief executive.

    The retailer said it has begun a search to fill Klipper’s position and that he will help with the selection of the new retail CEO and in the transition process.

  • How Amazon wages price war with Walmart

    Retailers interested in fine-tuning their digital pricing strategies may want to look at a new index called the Price Perception Index.

    The index, created by e-commerce startup Bommerang Commerce, measures how retailers optimize prices to attract buyers, compete with other retailers and build their business on a mix of profit margins and volume.

    The first Price Perception Index looks at the complex competition between Amazon.com and Walmart.com.

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