News

Global retail event names ‘Retailer of the Year’
New York -- Alibaba, the Chinese e-commerce giant, was named “Retailer of the Year” at the World Retail Awards gala dinner in Rome, Italy.
GameStop not playing around when it comes to payments
GameStop, which has long been known as an innovative company, has become one of the first major retailers to accept Google's new mobile payment system.

GameStop has announced that customers can start using Android Pay, which was rolled out by Google only on Thursday, immediately to pay for purchases in its more than 4,200 U.S. video game stores. GameStop has already completed a nationwide rollout of Android Pay, which uses the NFC feature on mobile devices to allow users to transform mobile payments with an easy and secure way to pay.

Apple Pay has a new competitor

Apple Pay has a new rival, and it’s a formidable one.
Update on Quiksilver bankruptcy

Huntington Beach, Calif. -- Quiksilver Inc. has got the OK on financing and on some store closures.

Quiksilver Inc. has received preliminary approval from bankruptcy court for a $175 million bankruptcy financing package. The surf apparel chain filed for Chapter 11 protection on Sept. 9.
Former Sears exec returns to familiar territory

Michael McCarthy spent 28 years at Sears Holdings before leaving the company in 2011, but now he’s back in new senior level role at the Sears Hometown and Outlet Stores.
Report: Kohl’s takes visionary e-commerce approach

Menomonee Falls, Wis. – Kohl’s took what could be called a visionary approach to promoting and selling goods from its new Lauren Conrad designer collection online.

According to Advertising Age, Kohl’s livestreamed the debut of Conrad’s latest collection at New York Fashion Week on the Periscope social media site.
Restoration Hardware keeps building; launching new businesses

Corte Madera, Calif. – Restoration Hardware Holdings Inc., which is set to launch two businesses in its third quarter, had generally rewarding second quarter of fiscal 2015.

Net income rose 9% to $29.93 million from $27.25 million the same period a year earlier, with costs and expenses not growing at the same rate as sales.
Rite Aid gives $1.3M toward educating children of vets

Rite Aid associates plan to honor 274 students who have been named recipients of Folds of Honor educational scholarships provided by the Rite Aid Foundation’s KidCents program.
Christopher and Banks misfires during summer

A “merchandising misstep” took its toll on Christopher & Banks in its second quarter as sales decreased more than expected.
Report: eBay to launch Amazon Prime-styled program

New York -- eBay is about to launch a shipping club that seems somewhat fashioned after Amazon Prime — but it’s not starting out in the United States.

The company will debut its shipping program in Germany, The Street reported. Called eBay Plus, it will reportedly cost 19.90 euros (about $22) a year and will allow buyers to receive certain orders within two days plus free returns.