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Mass Merchant

  • Retail’s $30 billion problem

    Organized crime is on the rise — and it’s taking a heavy financial toll on the nation’s retailers.

    Retailers on average report they lost $453,940 per $1 billion in annual sales over the past year due to organized crime, according to the National Retail Federation’s 11th annual Organized Retail Crime Survey, which put a $30 billion price tag on the problem.  

  • Wal-Mart targets expanded grocery pickup

    Bentonville, Ark. – On the same day Target launched a pilot of the Instacart online grocery delivery service, Wal-Mart Stores Inc. announced it will expand its existing grocery pickup service.

  • Report: Jet.com is building customer loyalty

    Since its launch in July, Jet.com is surpassing other retailers on gross merchandise value and doing a good job of building customer loyalty, according to Channeladvisor.

    According to The Washington Post, Jet has had a 23% repeat buyer rate, better than the 17% seen at eBay and the 11% seen at Amazon during the same time period.

  • Best Buy gets customers connected with AT&T

    Best Buy is looking to keep its customers as connected as possible, with a little help from AT&T.

    Starting this month, new AT&T shop-within-a-shops at select Best Buy stores will provide what the two companies are calling a “#ConnectedLife” experience.

  • Target faces class action suit

    It’s official – Target Corp. will face a class action lawsuit related to its November 2013 data breach.

    A federal judge in Minnesota has granted class action status to a suit brought by five financial institutions – Umpqua Bank, Mutual Bank, Village Bank, CSE Federal Credit Union and First Federal Savings of Lorain.

  • Exclusive: Maximizing Value Through Effective Anchor Tenant Renewals

    Nothing will have a greater impact on the value of your shopping center than how you approach an anchor tenant lease expiration.

  • Sears names new chief for Kenmore line

    Sears Holdings has turned to a veteran of tech and innovation companies to lead the business unit in charge of the company's most iconic brands.

    The company has named Tom Park as president of the retailer's Kenmore, Craftsman & DieHard division.

  • Strong cost cutting, weak sales at Toys 'R' Us

    Toys ”R” Us says a planned decrease in promotions led the retailer to report a drop in same-store sales in the second quarter.

    The retailer singled out declines in the baby, entertainment and seasonal categories as contributing to the comp drop as well. However new CEO Dave Brandon sounded a positive tone regarding the company’s profit potential.

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