News

New York -- Mobile payments are likely to take a giant step forward with Apple’s unveiling of Apple Pay, a new mobile payment platform built into the company’s new iPhone 6 and iPhone 6 Plus. The platform will also work with the new Apple Watch, extending the service to over 200 million owners of iPhone 5, iPhone 5c and iPhone 5s worldwide.

By Lea Elaine Green, Senior Content Strategist, Mozu

Chesapeake, Va. -- Dollar Tree Inc. and Family Dollar Stores Inc. announced, as expected, they have received a second request for information from the U.S. Federal Trade Commission in connection with Dollar Tree's pending $8.5 billion deal to acquire Family Dollar.

Wayne, N.J. – Toys “R” Us on Tuesday announced several executive appointments. The retailer named Debbie Lentz as senior VP, chief supply chain officer, with responsibility for U.S. distribution and customs compliance, global importing and exporting, fleet operations and domestic transportation, reporting to Hank Mullany, president, Toys “R” Us, U.S.

New York -- Barnes & Noble Inc. on Tuesday reported a smaller-than-expected loss of $28.4 million in its fiscal first quarter, down from $87 million a share, a year earlier. The chain has been cutting spending in its Nook e-reader division and moving toward a spinoff of the business.

Revenue fell 7% to $1.24 billion, including a 5.3% drop at the company’s retail segment.

King of Prussia, Pa. -- Destination XL Group Inc. has successfully implemented eBay Enterprise ship-from store solution in more than 100 stores. An eBay Enterprise Dropship Manager client since 2012, the combined solutions give DXLG more than 200 fulfillment locations to expand product availability to its customers.

The cloud-based eBay Enterprise ship-from store module has been deployed across the Destination XL (DXL) and Rochester Clothing stores to provide more options and choices to DXLG’s diverse customer base.

Toronto -- Visual search platform Slyce Inc. and action sports retailer Tilly's announced the upcoming launch of "Tilly's Snap Shop." The service enables Tilly's shoppers to open the mobile website on their smartphone, snap photos of desired items within any of Tilly's seasonal collection catalogs, and purchase the item directly at the moment of impulse.

Tilly's Snap Shop will be accessible to customers viewing the company’s fall catalog which is due for circulation early next month.

New York -- Home Depot officially confirmed that in-store payment systems at its U.S. and Canadian stores had been hacked in a breach that potentially could be one of the biggest attacks yet. The chain said malware was used in the hack.  

Rakuten has confirmed that it is in the process of acquiring Ebates, a provider of the largest cash-back shopping website in North America, for a total consideration of $1 billion in cash and will hold 100% of Ebates’ outstanding voting stock.

RetailMeNot, a leading marketplace for digital offers, has added Eric Korman to its board of directors.

Korman recently served as president of Ralph Lauren's digital and global e-commerce division, where he was responsible for the company's digital businesses, marketing and operations, across all markets. In addition to leading the digital division, Korman is credited with establishing and managing Ralph Lauren's customer intelligence and experience management group, a global enterprise function supporting all global business channels.