News

Home storage retailer improves online experience, security
The Container Store has embarked on an initiative to optimize Web performance, the online shopper experience, and strengthen its Web security. Looking to significantly increase revenue from desktop, tablet, and mobile channels following a responsive web design launch, the company tapped Yottaa, selecting its online platform following a rigorous evaluation of multiple Web acceleration offerings, including in-depth performance benchmark testing.
Amazon debuts grocery pick-up concept

Furniture retailer adopts poison pill

Rent-A-Center Inc. has taken action to reduce the likelihood that an investor gains unsolicited control of the company. The nation's largest rent-to-own operator has adopted a stockholder rights plan, or a so-called poison pill, that would become exercisable if a group buys 15% or more of its outstanding shares.
Dunkin’ Brands begins hunt for new CFO

The parent company of Dunkin' Donuts and Baskin-Robbins announced that Paul Carbone, CFO, is leaving the company effective April 21, 2017.
Legislative Spotlight: Rough Road Ahead for Retailers

The failure of President Trump and the Republicans in Congress to repeal and replace the Affordable Care Act was shocking enough for business owners but it is the road ahead that should give operators some real heartburn.
Report: Amazon to buy Middle Eastern online retailer

A new deal could give Amazon a foothold in the Middle East. Amazon has agreed in principle to buy Souq.com, a leader in the Middle East's online shopping market, according to a report in Reuters.
Supreme Court decision a win for large retailers

The way has been cleared for retailers to challenge swipe fees in the coming years. The Supreme Court on Monday declined to reinstate a class-action lawsuit settlement that would have blocked merchants from challenging Visa and MasterCard over credit card swipe fees.
Meijer expands in Indianapolis

Meijer continues to expand its presence in the Indianapolis area. On May 2, the retailer will open two supercenter in McCordsville, Ind., and one in Franklin, Ind. The Indianapolis-area supercenters are two of seven new stores Meijer is opening in Indiana, Michigan and Wisconsin this year.
Sporting goods retailer taps Walmart exec as COO

Sportsman's Warehouse has named Jon Barker president and COO, effective March 31. Barker, who holds 25 years of retail experience will direct the marketing, supply chain, operations, compliance and technology functions for Sportsman's Warehouse, and will also lead the expansion of the company's e-commerce business.
Report: Footwear chain eyes Chapter 11, shutters stores

Payless could be the newest retailer headed toward bankruptcy. The struggling retailer could file for bankruptcy as soon as next week. In the meantime, Payless is already making plans to reorganize operations by shuttering stores, according to Bloomberg.