News

Online giant isn't just disrupting retailing
Amazon is impacting its hometown of Seattle in ways large and small.
Survey: The most patriotic retail brands are…
Levi Straus is the second most patriotic brand in America. And Ralph Lauren isn't far behind. That's according to the 15th annual Brand Keys survey of iconic American brands, which asked 4,860 consumers, balanced for age and political party affiliation, to evaluate which of 280 brands were most resonant as to ‘patriotism.’ Jeep took the top spot in the survey for the second consecutive year. (For complete listing of the 50 most patriotic brands, which includes several retailers, see end of article.)

Airport stores see big boost in sales

Increased security in airports is helping to boost sales in airport stores. Travel retail, particularly in airports, is currently a bright spot in the retail world. Spending in airports hit $38 billion globally in 2016, according to GlobalData. It is set to grow by 27% to $49 billion by 2021.
Study: Prime Day 2017 on pace to be biggest yet

Amazon is giving new meaning to the phrase "Christmas in July."
Supermarket retailer is top rated retail CEO

The chief executive of a regional supermarket chain ranks among the nation's highest-rated CEOs. Charles C. Butt, CEO of H-E-B, based in Austin, Texas, was the only retail chief executive to crack the top 20 of Glassdoor's annual Employee Choice Awards, which honor the 100 highest rated CEOs of large companies across the United States. Butt ranked #16. (The number one position was held by Benno Dorer, CEO of Clorox.)
Specialty athletic retailer turns in mixed performance

The Finish Line met earnings estimates for its first quarter amid sales that were less than expected. The retailer reported net income of $8.1 million. Adjusted earnings per share came in at $0.23, in line with analysts' expectations. Consolidated net sales inched down 0.1% to $429.8 million in the quarter ended May 27. Same-store sales decreased 1.1%. Same-store sales at Finish Line in-store shops at Macy’s 13.6%.
Amazon's drone future looks sci-fi

Drone deliveries by Amazon could one day originate from an unusual-looking starting point.
Bed Bath & Beyond misses in Q1; store closings likely

Bed, Bath & Beyond, which missed sales and earnings expectations for its first quarter, is focusing online for growth. Citing strong digital growth, CEO Steven Temares said on the chain's quarterly earnings call that he expects store closings to increase as leases expire and as the way customers shop continue to evolve.
Walmart leads grocery paid-search ads — but for how long?

Walmart leads the pack when it comes to paid search advertising in the grocery category. That’s according to new research from AdGooroo. The search marketing intelligence provider analyzed 124 non-branded grocery store and grocery delivery keywords from June 2016-May 2017.
Sears Canada closing stores, cutting jobs as part of restructuring

Sears Canada is looking to reinvent itself. The long-struggling department store retailer said it expects to close 59 of its 225 stores and cut 2,900 of its approximately 17,000 workers as part of its restructuring. Sears Canada filed for protection from its creditors under Canada's Companies' Creditors Arrangement Act, the equivalent of Chapter 11 bankruptcy, on Thursday.