News

The value of a super premium domain name that people instinctively visit during the holidays will be revealed soon as a leading asset disposition firm looks to extract maximum value for Santa.com.

Austin, Texas – A new study has identified the most popular retail POS system.

According to research by Software Advice, Lightspeed takes the top spot.

Software Advice assigned Lightspeed a combined score of 4.9 on a five-point scale for its user adoption level, search traffic and social media presence. Following Lightspeed were Microsoft Dynamics (4.7), Vend (4.4), Revel (4.4), Shopkeep (3.8), AP (3.5), NCR (3.2), Bindo (3) and CashierLive (3).

Hoffman Estates, Ill. – Kmart has paid the U.S. government $1.4 million to resolve allegations that it improperly used drug manufacturer coupons and gasoline discounts to reduce pharmacy costs for Medicare patients at Kmart pharmacies.

Fairfax, Va. -- One of the Web’s leading “geek-gear” and collectibles retailer is going offline.

Online retailer ThinkGeek is partnering with its new owner, GameStop, to open a new store format focused entirely on collectibles. The first ThinkGeek store will open in the Florida Mall in Orlando, on Sept. 25, and additional stores are planned.

Kmart has paid the U.S.

When Macy’s officially unveiled its first off-price stores in New York City on Wednesday, the retailer debuted some new features not commonly found in other discount stores.

Evansville, Ind. -- Shoe Carnival Inc. kicked up its heels about its profit in the second quarter, but missed on sales.

Aided by higher merchandise margins and lower advertising expenses, Shoe Carnival reported net earnings of $4.8 million, up 84% from $2.6 million a year earlier. Its results easily beat estimates.

Net sales rose 2% $227.8 million, less than expected, from $222.1 million. Same-store sales rose 0.5%.

Shoe Carnival plans to open 21 new stores and close 15 stores by the end of fiscal 2015.

New York -- A Swedish-based payments company that allows mobile shoppers to pay for a purchase after has been delivered has entered the increasingly competitive U.S. payments market.

On Tuesday, Stockholm-based Klarna announced its official U.S. launch, with Overstock.com as its first major retail partner.