News

Story, the innovative retail store in Manhattan that totally reinvents itself every few months, is ready for the holidays with a one-stop shopping experience that offers something for everyone.    For its new installation, “Home for the Holidays,” the store has reconfigured its space into a series of designated rooms that correspond to different recipients on a shopper’s list: a living room for her, a library for him, a playroom for the kids, and a kitchen with something for everyone.   

Starbucks Corp. is feeling its oats.   The coffee giant topped estimates for its fourth quarter and gave a positive view for its current fiscal year.   Starbucks’ consolidated net revenue grew 16% to $5.8 billion in its fourth quarter, which was better than expected.   

Barneys New York named Josh Lieberman as its executive VP of digital.   Lieberman, who was previously senior VP of digital marketing, will oversee the enterprise’s e-commerce and digital businesses, including all marketing, merchandising, operations, creative and technology.  

More retailers are eager to ward off far-reaching cyber-attacks, yet too many companies are ill-equipped to quickly detect a breach.   This sobering detail was revealed in a new study from Tripwire. The study tapped 763 IT professionals from various industries, including 100 participants from the retail sector. The report measures the confidence and efficacy among the professionals in regard to seven key security controls that must be in place to quickly detect a cyber-attack in progress.  

Walmart is setting some lofty goals for itself on such critical issues as sustainability and job creation.    In remarks Friday at the Net Impact Conference, Walmart CEO Doug McMillon outlined a "new roadmap" that will guide the company’s role in society on critical issues during the next several years, and pointed to a “new era of trust and transparency.”  

Saks Fifth Avenue has opened its third location in Miami, and seventh location year to date, at the just opened Brickell City Centre in the city’s financial district.   

Uber wants to put championship gear commemorating the Cubs’ World Series victory into fans’ hands as quickly as possible.   Through a partnership with licensed sports merchandise e-retailer Fanatics, Uber launched a program that enables Cubbies fans to purchase championship hats and t-shirts directly through the ride-hailing app, according to Recode.  

China’s sluggish economy didn’t stop Alibaba from increasing revenue by 55% for the September quarter.  

There’s going to be change in the leadership structure at Whole Foods Market that will leave founder John Mackey as the sole CEO of the company.   Walter Robb, a 25-year Whole Foods veteran, is stepping down as co-CEO of the chain, effective Dec. 31. Robb, who has shared the CEO title with Mackey for six years, will remain on the board of directors and continue to serve as a senior advisor to the company and as chairman of the Whole Kids Foundation and Whole Cities Foundation.