News

Back-to-school is omnichannel at JCPenney
JCPenney Co. is launching a back-to-school marketing campaign that covers all the bases of omnichannel retailing.
Report: Sam's Club, Costco shutter photo sites after breach
Sam’s Club, Costco, Rite Aid, and other retailers have shut down their photo services to deal with a potential data breach.

According to Reuters, CVS, which also uses the same photo hosting service as the retailers named above, temporarily shut down its photo sites last week after noticing possible credit card data irregularities.

According to Reuters, some of the companies temporarily shut down the services after photo hosting service PNI told them about the breach, while others proactively shut down after reading reports.

Wolverine Worldwide to close 120 stores as profit dips 8.7%

Wolverine Worldwide reported profit declines for the second quarter as the retailer shaved the number of stores it plans to close to 120.
XRC Labs: Designing the future of retail innovation

Free flowing venture capital dollars in the digital age have made business incubators and accelerators commonplace, but until now the retail and consumer packaged goods industry didn’t have one it could call its own.
NRF: Facebook ranks No. 1 for retail sales

While paid search and email marketing still top retailers’ lists of effective customer acquisition channels, social media has moved up the ranks to become an important tool for engaging with and attracting new customers.
Jet rolling on $20 billion runway

Boasting a proprietary dynamic pricing algorithm, the new online shopping club Jet.com officially launched on July 21 with plans to reach a lofty sales milestone faster than other retailer.
Meijer surveys back-to-school shoppers

With back-to-school shopping on the horizon, parents are looking to get their shopping started early in the hope of getting the best deals, according to Meijer’s customer survey.
A&P store sell-off begins

Quincy, Mass. – The sell-off of stores from the newly bankrupt Great Atlantic and Pacific Tea Co. (A&P) has begun. The Stop & Shop Supermarket Co. LLC has entered into an agreement with A&P to acquire 25 A&P stores in greater New York for $146 million.
Report: eBay makes acquisition after PayPal split

San Jose, Calif. – eBay Inc. is not wasting any time in moving on now that its long-anticipated split with PayPal Inc. is official. According to MarketWatch, eBay has acquired online consignment apparel retailer Twice, and will not maintain the Twice brand.
Amazon competitor prepares for Tuesday takeoff

Hoboken, N.J. – The countdown is on for the latest competitor to Amazon.com to take off. Jet.com, which hopes to compete with the Amazon Prime membership service using “profit-free” pricing, has an online clock on its homepage counting down to launch at 6 a.m. ET on Tuesday, July 21.
Oracle focuses on agility with retail cloud offering

Redwood Shores, Calif. – Oracle is focusing squarely on retail agility with the latest additions to its comprehensive set of retail cloud solutions. The new Oracle Retail Science Cloud Services and Oracle Retail Insights Cloud Services offer cloud-based access to Big Data analysis and expertise, scaled for retailers of all sizes.
Tech Bytes: Three Lessons from Amazon Prime Day

Now that the dust is clearing from the Amazon Prime Day sales “holiday,” we can take a look back at this unique retail event, which livened up the typical lull of mid-summer. Let’s review three initial lessons the retail industry can learn from what some observers called the “summer Black Friday.”

Every Day can be a Holiday