Supply Chain & Merchandising

Online retailer Jet.com has secured an additional $350 million in funding and joined the ranks of startup unicorns whose valuation exceeds $1 billion.

Guest appearances by Republican presidential candidate Dr. Ben Carson at Books-A-Million stores gave the retailer a modest sales lift in the third quarter.

The company said its sales increased 0.4% to $101.6 million and same store sales increased 1.6%, thanks in part to appearances by Republication presidential contender Dr. Ben Carson. However, signs of life on the top line did not translate to bottom line improvement as Books-A-Million reported a loss of $7.1 million, or 50 cents a share, that was in line with a loss from the prior year.

In addition to the requisite comment about expecting the holidays to be highly promotional, Famous Footwear also expects the momentum it saw during back-to-school season to carry over to the fourth quarter.

Famous Footwear’s third quarter same store sales increased 4.4% and total sales increased 4.8% to $456 million, excluding the performance of the divested Shoes.com business, to represent 63% of parent company Caleres total sales of $728.6 million. Caleres is the company formerly known as Brown Shoe Company that changed its name earlier this year.

Click and collect, or customers ordering goods online for retailers to assemble for in-store pickup, is a practice retailers should consider this holiday season.

According to a new survey from order management solutions provider Shopatron, 31% of U.S. shoppers plan on using click-and-collect this year for holiday shopping.

As the holidays approach, retailers face issues like longer wait times to process EMV-compliant cards, the threat of the newly identified ModPOS malware, and the need to go beyon

Millions of people worldwide will be surprised and delighted to receive a little blue box this holiday season, but a strong U.S.

The growth streak at Citi Trends came to a halt in the third quarter, as the urban retailer posted a drop in same store sales.

For the third quarter ended Oct. 31, same store sales decreased 0.5%. Net income was $0.6 million, or $0.04 per diluted share, compared with a net loss of $(2.2) million, or $(0.15) per diluted share, in last year’s third quarter. 

A key figure in the development of Walmart’s small format Neighborhood Market and international operations has joined the board of asset disposal firm Liquidity Services.

Ed Kolodzieski joined the board of Liquidity Services effective Nov. 17 and also serves on the company’s compensation and governance committees. Liquidity Services bills itself as a global solution provider in the reverse supply chain with the world’s largest marketplace for business surplus.