News

Sears sales tumble as investors grumble
Sears Holdings keeps finding new ways to generate cash and gain financial flexibility, but selling merchandise is not among them.
Fast fashion giant teams up with Disney on flagship
Fast fashion retailer Uniqlo is expanding its collection of Disney apparel and taking its partnership with Disney to a whole new level with a planned flagship store at Disney World.

The fast growing Japanese retailer will open a store in Lake Buena Vista, Fla., in the spring. It will be the retailer's first store in the southeastern U.S. Uniqlo already has 42 stores in the U.S. and plans to open more stores this year.

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Barnes & Noble's education unit has big digital plans

Just in time for back-to-school season, Barnes & Noble's college bookstore division, which just separated from the the larger books and games retailer, is looking to acquire digital services to speed its growth.
JCP in omnichannel overdrive with Target, Home Depot hires

J.C. Penney just poached two key executives to maximize the power, reach and integration of its omnichannel efforts.

The department store retailer named Michael Amend, former vice president of online, mobile and omnichannel for Home Depot, to the position of executive vice president of omnichannel effective immediately. He fills a position previously held by Mike Rodgers who left the company. Additionally, Mike Robbins, formerly the senior vice president of global supply chain for Target, will be joining the J.C. Penney as senior vice president of supply chain effective Aug. 10.
Rite Aid Corp. names a new executive

Ken Martindale, one of the key architects behind Rite Aid's recent growth, has been promoted to CEO Rite Aid Stores.
Posiflex Solution Spotlight
5 Ways Mobile Apps are Driving the Store of the Future
Whole Foods Market puts CIO on exec team

Austin, Texas -- The importance of technology is highlighted in a promotion at Whole Foods Market.

Whole Foods has promoted Jason Buechel from global VP to executive VP and CIO. As an executive VP, he is now a member of the executive management team at the company.
ModCloth makes the leap

New York -- Another retailer is going from clicks to bricks.
BestBuy.com teams up with American Express

Minneapolis -- Best Buy is moving further ahead in its quest to make shopping across platforms as easy as possible for consumers.

The retailer, in partnership with American Express, has integrated new technology that allows Amex card members enrolled in the Amex Membership Rewards program to use their points for online purchases on BestBuy.com.
Consumer shifting from pools to school

Bentonville, Ark. -- It’s the dog days of summer and that can only mean one thing: consumers are thinking back to school.
Report: American Express sued for misleading investors about Costco

New York -- American Express Co and Costco Wholesale Corp. are at it again.

A lawsuit has been filed accusing American Express of misleading investors about the loss of its contract with Costco after having failed to reveal how significant that business had become to the credit-card company, Reuters reported.