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Mass Merchant

  • Target renews ATM contract

    Minneapolis – Target Corp. has renewed its exclusive ATM services agreement with Cardtronics Inc. The latest agreement, a long-term renewal, extends a relationship between the two companies that was established in 2001.

    Cardtronics currently owns and operates approximately 1,800 ATMs in Target stores located in all 50 states. All Cardtronics ATMs at Target stores participate in the company's surcharge-free Allpoint Network. Banks will have a chance to participate in the Cardtronics ATM branding program at some Target stores.
     

  • Toy titans square off before the first bell jingles

    With Halloween still more than a month away, two of the biggest names in retail have released their lists of the hottest toys this holiday season.

    Target and Toy”R”Us have both revealed their 2015 Holiday Hot Toy Lists, with everything from scooters to Star Wars to the trendiest video games.

  • What’s in a name? Costco finds out

    New York – What’s in a name? When that name is Tiffany, as Costco discovered, potentially some hefty financial penalties.

    Federal judge Laura Taylor Swain has ruled in favor of Tiffany & Co. in a suit the luxury retailer initially brought against Costco Wholesale Corp. in February 2013. The civil suit sought damages for what Tiffany said were fake “Tiffany” engagement rings Costco sold at one of its stores in Huntington Beach, California.

  • JCP and Strahan make Giant menswear move

    A former New York NFL star is bringing his unique sense of fashion to the men's department at JCPenney.

    The retailer says it is teaming up with former N.Y. Giant and current ABC talk show host Michael Strahan (seen above with co-host Kelly Ripa) on the Collection by Michael Strahan, an exclusive brand of men's tailored clothing, dress shirts, neckwear and accessories now available in over 200 JCPenney stores and at jcpenney.com. 

  • Bankruptcy update: Quiksilver, Haggen file Chapter 11

    New York -- Two very different retail companies have filed for Chapter 11 bankruptcy protection.

    Supermarket retailer Haggen filed for bankruptcy after struggling for months to digest a huge acquisition that has proved troublesome from the start. Surfing and skate apparel chain Quiksilver Inc. also sought protection, a victim of online competition, fast-fashion merchants and teens’ fickle tastes.  

    Here is more information on both:

  • H&M’s upscale brand poised for U.S. expansion

    New York -- Fast-fashion giant H&M is expanding its upscale store brand, Cos, in the United States.

    Cos, known for its minimalist-styled fashions, will open its first store in Boston, on Newbury Street on Sept. 25. The new space, the brand’s third location in the United States, will offer womenswear and menswear collections with 2,960 sq. ft. of sales area, spread across two floors.

  • Macy’s to close 35 to 40 stores

    Cincinnati -- The ax fell at Macy’s on Tuesday.

    In the name of optimizing its omnichannel approach, Macy's said it plans to close between 35 and 40 namesake stores in early 2016 even as its moves ahead with expansion of its new off price format, Macy’s Backstage.

  • RILA: DOL overtime proposal creates enormous burdens for employers

    Arlington, Va. -- The Retail Industry Leaders Association issued a strenuous objection to what it called the Department of Labor’s “flawed” overtime proposal.

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