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  • Report: Sprint may be saving RadioShack

    A plan to co-brand RadioShack stores with the Sprint logo will apparently save the chain from extinction, according to the Wall Street Journal.  

  • Walmart CEO takes firm stance against ‘religious freedom’ bill in Arkansas

    New York – Arkansas native and Walmart president CEO Doug McMillon has taken a firm stance against a “religious freedom” measure passed by the Arkansas House on Tuesday. The bill (HB1228) is similar to the one that has kicked up a firestorm in Indiana.

  • Sears to raise $2.5 billion in REIT; announces joint venture with General Growth

    Hoffman Estates, Ill. – Sears Holding Corp. is forming a real estate investment trust (REIT) called Seritage Growth Properties, which will purchase 254 Sears and Kmart stores for more than $2.5 billion. Seritage will partially fund the transaction through a public rights offering.

  • Dick's to give up to $1M to youth golf charity

    Dick's Sporting Goods and Golf Galaxy are teaming up to support an organization that promotes youth participating in golf.

    The retailers said they will be giving as much as $1 million to the First Tee, an organization focused on positive youth development through the game of golf.

  • Report: Wal-Mart seeks lower supply chain costs, expanded grocery

    New York – Wal-Mart Stores Inc. is reportedly asking suppliers to cut their product costs and also seeking to expand its grocery business. According to the Wall Street Journal, Wal-Mart is recommending that suppliers forego investing in joint marketing programs with the retailer and use that savings to reduce the price Wal-Mart pays for their goods.
     

  • Report: Walmart outlines strategic initiatives in New York

    Walmart plans to improve the customer experience, invest in its grocery business, and put pressure on suppliers to drive down prices, according to a Bloomberg report.

  • Sears aims to raise $2.5 with REIT

    Sears Holding Corp. is looking to raise more than $2.5 billion by selling its stores to a real estate investment trust.

    The REIT, called Seritage Growth Properties, will purchase 254 Sears and Kmart stores for more than $2.5 billion and then lease back the Sears and Kmart stores to Sears Holdings. Seritage will partially fund the transaction through a public rights offering.

  • Study: Costco, Amazon tops in customer loyalty

    Costco, Amazon.com and Apple rank highest in customer loyalty, according to this year’s Net Promoter Consumer Study.

    The study ranks more than 220 brands, such as Costco, Amazon.com, Apple and more across 22 U.S. industry sectors, including financial services, insurance, technology, online entertainment, retail stores, electronics, travel and hospitality, and telecommunications.

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