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  • Wal-Mart shaking up, shrinking its board

    Wal-Mart Stores on Thursday announced changes to its board of director of directors that it said were designed to make to make it more nimble and able to respond quicker to today’s fast-changing market.

    As part of the changes, four current board members — Aida Alvarez, Roger Corbett, Mike Duke and Jim Walton — will retire and not stand for re-election. In addition, the retailer is shrinking its board by three members to 12, a move that brings it more in line with the size of most U.S. corporation boards.

  • Stephen Curry helps propel Under Armour to billion dollar quarter

    Under Armour continued its winning ways in the first quarter, beating sales and earnings forecast as net revenue rose 30%. The brand has had 24 consecutive quarters — six years — of sales growth of more than 20%.

    Sales rose to $1.05 billion for the quarter that ended March 31, up from $805 million in the first three months of last year. The company noted that footwear sales soared more than 60% to $264 million amid the popularity of NBA superstar Stephen Curry’s signature basketball shoe line and expanded running offerings.

  • Report: Potential buyers fishing for Cabela’s

    A well-known outdoor retailer and private equity firm may be interested in purchasing hunting and fishing chain Cabela’s.

    According to Reuters, Bass Pro Shops Inc. and the private equity division of Goldman Sachs Group Inc. are preparing to make a buyout offer. Cabela’s said in December it was exploring strategic alternatives that could include a sale.

    Click here for more.

  • Study: Consumers prefer different channels for browsing, purchasing

    Digital retailing is growing in popularity, but the brick-and-mortar channel remains dominant for at least one crucial consumer activity.

    According to research firm Toluna, an equal percentage of consumers browse before purchasing online or via mobile (76%) as browse in-store (also 76%). However, when it comes time to make a purchase, 82% will do so in-store while only 65% purchase items online or via mobile.

  • Nordstrom vet to join The Finish Line

    The Finish Line said that John Hall will join the company in mid-May as executive VP, divisional president and chief merchandising officer.

    Hall, a 30-year Nordstrom executive, most recently served as VP, corporate merchandiser of Rack Menswear.

    At Finish Line, Hall’s focus will span across consumer engagement touchpoints including stores and digital operations, merchandising and strategies involving the company’s product vision. He will drive the retailer’s brand growth strategies.

  • Tractor Supply digs up profitable Q1

    Brentwood, Tennessee-based rural lifestyle chain Tractor Supply Company saw net income, net sales and same-store sales all rise in the first quarter of fiscal 2016, compared to the prior-year period.

    Net income increased 17% to $67.7 million from $58 million, despite a 10% increase in selling, general and administrative (SG&A) expenses to $386.2 million from $351.8 million. Higher gross profit and pretax income helped boost net income.

  • Startups Spotlight: Technologies On the Rise

    From hyperlocal social media intelligence to mobile survey creation, this month’s crop of startups is filling niche spaces that can have a big impact on a retailer’s business. Learn about an augmented reality platform that’s elevating the online experience, a social referral startup that makes it easy to spread rewarding word-of-mouth recommendations and an analytics company that helps retailers and CPG companies get the most out of their online and transaction-level customer data.

    SurveyMe

  • CVS Pharmacy debuts across Utah Targets

    CVS Health on Thursday announced that the first CVS Pharmacy locations in Target stores are now open in Utah. The 13 pharmacies are being operated through a store-within-a-store format and are branded CVS Pharmacy.

  • HBC promotes former Saks exec to run new PR department

    Andrew Blecher, SVP of public relations at Hudson’s Bay Company

  • Study – Don’t take mobile shoppers for granted

    Consumers are willing to use their mobile devices for shopping, but retailers still need to carefully design their mobile apps and experiences.

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