News

New York -- It’s almost September, which can only mean one thing: The annual blizzard of holiday sales forecasts is about to begin, and this year eMarketer is one of the first out of the gate.

The firm predicts a shiny and bright holiday season for U.S. retailers, with an assist from falling gas prices and online growth. eMarketer forecasts that U.S. retail sales in the months of November and December 2015 will increase 5.7% year-over-year, reaching $885.7 billion (includes online and physical store sales).

Between buyer’s remorse, relaxed return policies and the substantial increase in online purchases (which come with an average return rate of 12%-15%), 3.5 billion items are returned to retailers each year. This adds up to around $260 billion of merchandise.

Macy’s is appealing to customers with a favorite cause by asking shoppers to participate in the retailer's marquee charity event.

The retailer will hold its annual “Shop For A Cause” event, a unique, one-day-only shopping event created to support local charities’ fundraising efforts, on Aug. 29. Since 2006, the program has helped raise tens of millions of dollars for thousands of charities across the country.

Comcast has unveiled a futuristic-looking, tech-savvy store prototype aimed at enhancing the cable giant’s brand reputation and service experience. Focused on the customer, the new Studio Xfinity in Chicago aims to entertain, engage and inform shoppers with hands-on experiences.

Comcast partnered with ESI Design, New York City, on the 9,000-sq.-ft. store, which is also serving as a showcase for the company to debut and test new service initiatives.

Westlake Village, Calif. – Target Corp. may be exiting the pharmacy business, but the retailer is doing so on a high note.

According to the new 2015 U.S. Pharmacy Study from J.D. Power, Target, which in June announced it would sell its pharmacy business to CVS Health for $1.9 billion and rebrand its nearly 1,700 prescription departments as CVS/pharmacy, ranked highest among mass merchandiser pharmacies.

The newest addition to the True Value Company cooperative is a 60-year-old hardware chain based in South Florida.

Boston – Start-up retailer LeanBox is offering a novel, high-tech solution to the problem of office workers who are too busy to go out and purchase healthy food for lunch.

Charming Charlie has been on an upward trajectory for the past 10 years, and it shows no signs of stopping anytime soon. With 350 U.S. stores (plus four in Canada), the Houston-based, privately held jewelry and accessories retailer is busy expanding at home and, more recently, abroad. In June, it opened its first-ever location in New York City, a three-level, 16,000-sq.-ft.