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  • Amazon takes comics business serious

    The newest jewel in Amazon’s content crown is leading digital comics provider comiXology.

    Amazon reached an agreement to acquire comiXology for an undisclosed sum. The company was founded in 2007 offers an extensive library of digital comic book content from more than 75 top publishers as well as top independent creators. According to Amazon, comiXology revolutionized the digital comics reading experience with its immersive Guided View technology.

  • Rite Aid Q4 revenue up on pharmacy same-store sales gains

    Camp Hill, Pa. — In the wake of acquiring Houston-based RediClinic, Rite Aid on Thursday reported revenues of $6.6 billion for the fourth quarter ended March 1, resulting from a 2.2% lift primarily attributed to an increase in pharmacy same-store sales. For the full year, Rite Aid reported $25.5 billion in revenues, up 0.5%.

  • Overstock makes executive moves

    Patrick Byrne has relinquished his role as chairman of Overstock.com and Stormy Simon was named president of the online discount retailer.

  • Walmart and GE tout LED initiative

    First it was signage and then came the freezer case and parking lots. Now Walmart and GE are moving forward with their biggest lighting initiative to date.

    The companies announced plans to use GE LED lights in ceiling fixtures in hundreds of stores throughout the U.S., Asia, Latin Amerian and the United Kingdom. The new fixtures use 40% less energy than traditional overhead lighting systems and move Walmart forward on its goal of reducing energy required to power its buildings globally by 20% by 2020. It is Walmart’s largest purchase of GE LED lighting to date.

  • Crocs details energy savings

    Niwot, Colo. -- Crocs Inc. has opened its first LEED (Leadership in Energy and Environmental Design)-certified store, in Syracuse, N.Y. As detailed in Crocs’ new 2013 sustainability report, the store is certified at the LEED Silver level and features a high-efficiency LED lighting system and low-VOC and sustainable building materials.

  • Newegg extends reach across the pond and beyond

    Newegg is building on its e-commerce presence in the United States with a pilot program that makes a limited selection of its products available to customers in the United Kingdom and Australia. The company said the move is “an important first step” in its international expansion plans.

  • Naples Soap Company selects Opterus

    Naples, Fla. - Naples Soap Company has chosen Opterus’ Store Ops Center as its communications and task management solution. Opterus’ Store Ops-Center is a cloud solution designed specifically for retail to manage and execute store tasks and communications.

    The solution measures and increases operational compliance, communicates corporate policy, manages day-to-day objectives and tasks, and handles issues between corporate office and store locations

  • Bed Bath and Beyond confirms weak Q4

    Sales and profits were as bad as Bed Bath & Beyond initially feared due to extensive weather related store closures during the company's fourth quarter ended March 1.

    The company said sales during its 13 week fourth quarter declined 5.8% to $3.2 billion while same store sales advanced 1.7%. Profits during the 13 week period declined to $333 million, or $1.60 a share, compared to the 14 week period the prior year when profits totaled $374 million, or $1.68 per share.

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