News

Walmart’s Thanksgiving weekend promotional strategy is taking a more digital, less promotional turn that may hurt sales but should lessen the scenes of customer chaos and conflict that find their way onto YouTube.

Strong back-to-school sales allowed Kohl's to upstage Macy's in the third quarter.

Kohl's revenue rose a better-than expected 1.2% to $4.43 billion in the period ended Oct. 31. Same-store sales rose 1%. Earnings fell to $120 million, or 63 cents a share, from $142 million, or 70 cents a share, a year earlier. Excluding a loss on the extinguishment of debt, adjusted per-share earnings were 75 cents a share, which also beat expectations.

Strong back-to-school sales allowed Kohl's to upstage Macy's in the third quarter.

Kohl's reported that for the third quarter ended Oct. 31, same store sales increased 1%. It had net income of $120 million, or 63 cents per share, compared with net income of $142 million, or 70 cents per share, in the same period a year before. Revenue rose 1.2% to $4.43 billion.

Outdoor enthusiasts can now purchase outdoor goods from the indoor comfort of their homes.

Target's board of directors has added a former executive of the retailer's largest supplier.

The board announced it has elected Melanie Healey, former group president, North America, of the Procter & Gamble Company, as a new director, effective immediately.

While all the major retailers will be offering deals and discounts on Black Friday weekend, Dick's Sporting Goods plans to woo shoppers with an exciting social media promotion.

Amazon.com has expanded its Prime Now restaurant delivery service to Los Angeles in a move seen as a precursor to expansion of the food ordering capability to all 18 market where the one-hour Prime Now delivery service is offered.

Personalized shopping app ShopAdvisor and Elle magazine are turning readers into brick-and-mortar shoppers.

Elle and ShopAdvisor have released results of the August 2015 “Shop Now With Elle” proximity mobile marketing program. The program connected consumers to retailers and provided them with exclusive content and offers using location-based mobile technology, including beacons and geo-fences.

Amazon has scored another coup: Its CEO and founder, Jeff Bezos, now ranks as the fourth-richest man in the world, according to Bloomberg. The report puts his fortune at $58.2 billion. [Bloomberg]

Outdoor enthusiasts can now purchase outdoor goods from the indoor comfort of their homes.

The specialty outdoor Field & Stream chain, a 19-store banner of Dick’s Sporting Goods, has launched its first-ever e-commerce website.