News

Various forms of online sales tax legislation have been introduced in Congress over the past 15 years but none have won passage. And now there is a new proposal.     

Staples wants to make back-to-school shopping virtually effortless.    The retailer announced a new beta test available on its mobile iOS app. Customers can now send a photo of their child’s back-to-school list via the Staples Easy System on the app and a Staples associate will populate the customer’s shopping cart with everything they need.      

Signet Jewelers Ltd. reported its first drop in same-store sales in six years in its second quarter as the company continues to deal with rumors that it swapped expensive diamonds for cheaper stones.   Signet, whose banners include Zale, Kay Jewelers and Jared, posted a 2.3% drop in same-store sales in the quarter ended July 30. Wall Street analysts had expected a slight increase.   Net sales fell 2.6% to $1.37 billion.  

Neiman Marcus is making it easier for customers to select their sunglasses.      The luxury department store retailer is launching a new technology, called the Sunglass Memory Mirror, in partnership with MemoMi and Luxottica Wholesale NA. The mirror, which is really a digital screen, allows sunglass shoppers to better engage with the product and create shareable shopping experiences.     

The cranes have arrived at the 92-acre lot along Clovis Avenue in Fresno, California, to erect the parking garage at what will be Fancher Creek Town Center, and the locals couldn’t be happier.   “I think it’s super. We need something. You have to catch the freeway and go up north to get to anything,” resident Diana Williams told KFSN news in Fresno this week.  

Destination XL Group Inc. reported a profit in its second quarter amid the ongoing strength of its DXL larger store format.   The retailer of big and tall apparel for men posted net income for the second quarter of $0.2 million, compared with a net loss of $1.0 million in the year ago period.  

The Michaels Companies, named Denise Paulonis as executive VP – CFO, effective Aug. 29. The appointment is part of the retailer’s previously announced CFO succession plan.   Paulonis, currently senior VP – finance, succeeds Chuck Sonsteby, vice chairman and CFO. He will continue to serve as vice chairman and will retain executive responsibility for the growth and integration of Lamrite West and the management of Aaron Brothers stores.    

West Elm doesn’t believe in cookie-cutter stores.   The home furnishings retailer will open its location in the state of Rhode Island, in Providence’s Wayland Square neighborhood on Sept. 1. The 11,473-sq.-ft. store will incorporate unique design elements that pay homage to Rhode Island’s history and coastal proximity.  

Amazon isn’t selling cars — at least not yet anyway — but it has launched a site where consumers can research and compare cars and read reviews.   Called Amazon Vehicles, the new site is designed as a research destination for customers shopping for vehicles, parts, and accessories   It includes detailed specifications, photos and reviews for an array of car models, both new and classic, ranging from Tesla Motors' 2014 Model S to the 1965 Ford Mustang.  

Sears Holdings Corp. swung to a loss amid declining sales in the second quarter, and chairman and CEO Eddie Lampert stepped in with more financing for his embattled company.   Sears said it had accepted a $300 million debt-financing offer from Lampert’s hedge fund, ESL Investments Inc. The loan is secured by a junior lien against Sears's inventory, receivables and other working capital.