Retail

Costco Wholesale Corp. is getting down to business on processing payments from small-to-mid-sized business (SMB) customers.

The wholesale chain is extending an existing relationship with payment processing solutions provider Elavon aimed at improving service and security for SMB members.

The payment processing program for Costco’s SMB members includes POS, mobile and e-commerce solutions, all of which adhere to EMV and PCI compliance requirements. Costco members can obtain program services online and in-store.

Fayetteville, N.C. -- GBT Realty Corporation announced that it has closed on The Shoppes of Fayetteville, a 15-acre site, located in Fayetteville, North Carolina, for $5 million. The 126,500-sq.-ft. center is in the midst of a $25 million redevelopment scheduled to be completed in summer 2016.

In the two months since the Department of Labor announced its proposed new overtime standards, much has been written about what it may mean for employers both big and small.

For business operators, the ramifications are still being assessed and significant impacts will be felt not only in labor costs but also in how their businesses will operate moving forward. There’s a larger and more important effort underway, however, and the overtime regulations are just one piece of the puzzle.

Adidas is taking its act on the road with a futuristic-looking pop-up that lets shoppers get up close and personal with its high-tech footwear.

The “Boost Experience by Adidas” is an interactive mobile store that is touring the country’s premier running events. It made its debut at the San Francisco Marathon. In all, 14 stops are planned, with a schedule that continues into 2016.

Usually retailers are not pleased when hackers get into their systems, but Walmart Stores Inc. is very happy with three hackers in particular. Walmart will test a new SMS-based customer service tool that won a recent Walmart Labs-sponsored “hackathon.”

Pervasive online price comparisons, the growing popularity of Amazon.com and intense omnichannel activity can be expected this holiday season, according to new consumer research by Market Track.

A new survey reinforces what many already know: EMV makes in-store fraud much harder, but it drives would-be criminals online.

Based on the experience of other predominantly English-speaking nations that switched to EMV-compliant payment cards, terminals and processors, online retail fraud will more than double in the U.S.

According to a new infographic from online fraud prevention technology provider Trustev, online retail fraud will rise 106% in the U.S. in the first three years after the Oct. 1 EMV compliance deadline.

Ross Dress for Less is expanding its store base in Colorado. The specialty apparel retailer will open a new store in Fort Collins, Colorado on Oct. 10.

The 25,000-sq.-ft. relocation is in the newly renovated Renaissance on the Front Range development (previously Foothills Mall). The opening is part of the retailer’s 2015 expansion program, totaling approximately 70 new locations during the year.