News

San Jose, Calif. – July 20 will always be a huge day in the history of PayPal Holdings Inc. PayPal completed its separation from eBay Inc. on July 17, but as of today is trading on the Nasdaq Stock Market under the ticker symbol “PYPL” as an independent public company

Framingham, Mass. – Staples Inc., famous for the “easy button,” is partnering with UPS to ease the shipment of UPS packages from any U.S. store location. Customers now can charge the cost of shipments at Staples to their UPS account, which means they don't have to prepare labels ahead of time and will see the invoice, and any customized rates, on their regular UPS invoice.

Hangzhou, China - Alibaba Group is providing the Chinese arm of a major global CPG company direct access to the Chinese consumer market. Alibaba and Unilever China are launching a comprehensive strategic partnership focused on areas including rural China penetration, cross-border e-commerce, Big Data-driven advertising, and supply chain optimization.

This agreement builds on a partnership that started five years ago with a single Tmall store. Through this strategic partnership, Alibaba Group and Unilever China will work together to:

Sunnyvale, Calif. – Yahoo Inc. has initially filed with the Securities and Exchange Commission (SEC) to spin off its remaining holdings in Alibaba Group Holding Ltd. into a new public company called Aabaco Holdings Inc. Yahoo initially announced its plans to spin off its Alibaba stake in January 2015.

Minneapolis – Target Corp. is presenting itself as “Tahget” to Boston-area shoppers. The Boston Globe reports that Target is offering an assortment of “Local Pride” T-shirts with stereotypically Boston phrases and slang, such as “Wicked Smaht,” in its store located in Somerville, Massachusetts, a small city bordering Boston.

The localized assortment will also be featured in Target’s new CityTarget location scheduled to open in the Fenway neighborhood of Boston on Wednesday, July 22.

New York – Macy’s Inc. is attempting to make charitable donations fashionable. The retailer’s new Fashion Pass program provides customers 15%-20% off storewide, plus $10 off a $30 purchase, when they give $5 at the register from July 22 to Aug. 15.

Scottsdale, Ariz. – Kahala Brands isn’t taking chances when it comes to payment card security. The restaurant franchisor group is naming Cybera as an authorized provider of payment card security to all 2,600 of Kahala Brands' store locations.

Vancouver – The third-party vendor hosting online photo sites of at least six major retailers may have been the victim of a security breach. The photo pages of CVS, Sam’s Club, Costco, Rite Aid, Wal-Mart Canada and Tesco, all clients of Vancouver-based PNI Digital Media Inc., have been temporarily taken down.

Montvale, N.J. – The rumors are true. As expected, the Great Atlantic & Pacific Tea Company Inc. (A&P) has filed for Chapter 11 bankruptcy.

In a brief statement on its website, privately held A&P says it has secured financing of $100 million and voluntarily filed for chapter. A&P has also entered agreements to sell 120 stores for $600 million and will close more of its 296 stores in the near future.

In the e-commerce fight between China's Alibaba and JD.com, Taylor Swift has declared a winner.

The pop superstar announced that JD.com will be the official online source of Taylor Swift items in China, including a new fashion line the music superstar designed specifically for the Chinese market.