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Mass Merchant

  • New presidents named at Gap and Banana Republic

    Incoming Gap Inc. CEO Art Peck announced key members of his global team in conjunction with the release of mixed third quarter results.

    Peck is scheduled to replace Gap Inc. CEO Glenn Murphy in February and late Thursday he named new global brand presidents for Gap and Banana Republic.

  • Walmart to see clearly for three more years

    Lost in the crush of holiday related news this week was a supply chain visibility related announcement involving Walmart and an obscure company called I.D. Systems, Inc.

    Walmart uses I.D. System’s trailer and tracking management services branded as VeriWise to manage a range of logistics assets. The new development this week involved a three year contract extension whereby Walmart will continue using I.D. System’s services.

  • Survey – Cross-border shoppers double spend of domestic shoppers

    San Jose, Calif. - Cross-border shoppers (those for whom more than 10% of their online spend is cross-border), spend approximately twice as much as consumers who only shop domestically. New research from PayPal and Ipsos, which investigated the online and cross-border shopping habits of more than 17,500 consumers in 22 countries, shows 30% of U.S. online consumers shop across borders.  

  • Study: Mass retailers more popular than e-tailers for holiday

    Denver – An estimated 28% of consumers plan to do most of their holiday shopping at mass retailers, compared to 26% who will frequent online retailers. According to an ongoing shopper behavior study conducted by The Integer Group and M/A/R/C Research, free shipping continues to be the most popular offer for holiday shoppers, with 58% of shoppers reporting they expect to take advantage of it this holiday season.   

  • BJ’s new Mastercard programs ups offerings

    New York — BJ's Wholesale Club’s Mastercard program ups the ante in the wholesale club credit card category. The new My BJ's Perks MasterCard will offer members 10 cents off per gallon of BJ's gas, up to 5% back on purchases in-club and at BJs.com, 2% back on eating out and non-BJ's gas purchases, and 1% back on purchases made everywhere else MasterCard is accepted.    

  • Staples Q3 profit in line, sales top estimates; ups store closings

    Framingham, Mass. - Staples Inc. on Wednesday reported that its third quarter net income rose 60% to $216.8, in line with Wall Street expectations, amid signs that its reinvention strategy is starting to take hold.  

  • Stage Stores rising on renewed optimism

    The resumption of top line growth at Stage Stores enabled the operator of 858 stores to reduce the size of its third quarter net loss, but CEO Michael Glazer is taking a cautious view of the holidays.

  • Target transformation a work in progress

    It took a heightened level of promotional activity to drive marginally better than expected third quarter same store sales growth at Target’s U.S. stores while losses in Canada were less severe than the prior year.

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