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Mass Merchant

  • Overheard: ICSC-New York conference

    New York City - The International Council of Shopping Centers set new attendance records at its New York National Deal Making Conference, moved for the first time to the Javits Convention Center, held December 8 and 9, and keynoted by Donald Trump. The two-day event at the new location nearly doubled the size of the space from prior years, and drew more than 400 exhibiting companies and 9,600 attendees, representing a new attendance record and a 26% increase compared to the 2013 event.  

  • Retailers upset with “harmful” NLRB ruling

    Arlington, VA - Retailers on Friday criticized the National Labor Relations Board decision that gave the go-ahead to new laws to expedite the union election process. The amendments, to go into effect April 14, provide for electronic filing and transmission of election petitions and other documents; eliminates or reduces unnecessary litigation; and allows parties to consolidate election-related appeals to the board into a single appeals process, the NLRB said in a statement.  

  • Toys ‘R Us shrinks Q3 net loss with lower taxes, interest

    Wayne, N.J. – Toys ‘R Us Inc. shrunk its net loss to $213 million in the third quarter of fiscal 2014 from $605 million in the year ago, helped by expense controls and a less intense promotional enviroment.  The retailer, however, did not provide an outlook for its holiday performance.  

  • Giving consumers the power to negotiate can transform e-commerce

    E-commerce has changed the way consumers purchase products, but until very recently, the basic structure of the transaction and sale itself hadn’t evolved much: People browse for products they want, compare prices across sites, maybe submit a code for a discount coupon if they have one and make a purchase. But a recent development points to a big change on the horizon for ecommerce, and the symptom is the massive sales growth achieved by major retailers who have embraced the new model.

  • New York City to open its first outlet center in 2016

    New York - New York City’s first outlet center is expected to transform the Staten Island waterfront when it opens in 2016 adjacent to the 630-ft.-high New York observation wheel on the New York Harbor.

  • Walmart, Kroger, and Target among chains working with University of Florida team to curtail shoplifting

    GAINESVILLE, Fla - More than 40 major retail chains, including The Home Depot, Walmart, Kroger and Target, formed a specialized research council to facilitate the use of science to curtail theft and violence. As part of this effort, A specialized University of Florida research team has been formed to interviews offenders, analyzes large datasets, and conducts field experiments to adapt and devise new crime control methods and technologies.  

  • Walmart China focus of Bloomberg expose

    Walmart’s integrity suffered a blow this week in a Bloomberg piece with the inflammatory headline, “How Walmart made its crumbling China business look so good for so long.”

  • Wet Seal considers bankruptcy as Q3 loss widens; closing 60 stores as leases expire

    Foothill Ranch, Calif. -  The troubles keep mounting for teen retailer Wet Seal Inc., which reported a wider loss for the third quarter amid lower revenues and fees related to its exit from its former Arden B business.  The retailer posted a loss of $35.9 million in the quarter emded Nov.1, up from a loss of $12.5  million the previous fiscal year.    
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