Mass Merchant

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.

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.

Columbus, Ohio -- Alliance Data Systems Corp.’s card services business has introduced an EMV-based co-brand credit card solution with tap-and-pay functionality for its retail partners.

The first of these dual-interface chip cards are co-branded with MasterCard and BJ’s Wholesale Club and the Fuel Rewards program. With this new functionality, customers can pay for purchases by tapping their card on a contactless-enabled terminal, making payments simple, easy and fast.
 

Amazon is priming the appetites of customers in Seattle with a new feature as part of its Prime Now one-hour delivery service.

Hoffman Estates, Ill. – Sears Holding Corp. is protecting the assets of its pension fund following the creation of its Seritage Growth Properties real estate investment trust (REIT).

The company has entered into a five-year agreement with Pension Benefit Guarantee Corp. (PBGC) to guarantee that it will continue to make required contributions to the fund.

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.

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

New York -- An Irish fast-fashion leader is getting ready to make its U.S. debut.

Primark, known for its value prices and on-trend fashions for the entire family, leased a 677,000-sq.-ft. distribution center to support its entry into the United States.