News

Lululemon profits shrink in Q2
Markdowns and the costs of expansion hurt Lululemon profits in the second quarter, but the athleisure retailer did post an impressive jump in same store sales.
American Express lost Costco, but it gained its rival
Bentonville, Ark. -- In the latest move in its battle against Costco, Sam's Club is going to start accepting the very form of payment that Costco rebuffed earlier this year.

Starting Oct. 1, all Sam’s Club locations in the U.S. and Puerto Rico will take American Express cards at checkout. Earlier this year Costco ended its 16-year relationship with American in favor of Visa after the two companies could not come to an agreement on new terms.

Team Depot mobilizes for military veterans

The Home Depot's Team Depot is taking on the home lives of U.S. military veterans and their families through a two-month-long campaign called Celebration of Service.
Dollarama in the money during Q2

Montreal - Dollarama Inc. is reporting a significant increase net earnings and sales for the second quarter of fiscal 2016.

Gross margin improvements and a reduction in selling, general and administrative (SG&A) expenses as a percentage of sales drove net earnings to $95.5 million, up 39% from $68.9 million.
H&M has big plans for new brand in U.S.

Fast-fashion giant H&M is expanding its upscale store brand, Cos, in the United States.
Whole Foods shares the love with shoppers

Whole Foods Market is sharing the love with its consumers, across channels.
Visa invests in cryptocurrency technology

Foster City, Calif. – Financial services provider Visa Inc. is among the lead investors in a $30 million round of equity funding for a blockchain technology provider.
Report: Kmart makes holiday purchases easier

Hoffman Estates, Ill. – Kmart is making getting an advance jump on holiday purchases a little easier this year.

Company executives told Reuters the retailer started letting customers make no-down-payment layaway purchases for holiday items the week of Aug. 31.
These grocery shoppers actually want to pay more

Whole Foods Market is encountering a peculiar wave of opposition as it looks to expand growth opportunities in a new target market in California.

A petition is circulating in the Silver Lake area of Los Angeles area to get Whole Foods Market's planned "365" value format converted into a traditional Whole Foods Market store.
Staples takes printing to new level

Framingham,, Mass. – Staples Inc. has been a place to get printing done since it opened in the 1980s, but now the retailer is taking printing to a whole new level.

Starting Sept. 14, Staples, is offering a new online 3D printing platform, which will let small businesses and consumers upload their own 3D designs or select from a curated assortment of models.