News

Coty is buying 43 beauty brands from Procter & Gamble Co., including Miss Clairol, Covergirl and Max Factor.

Dick’s Sporting Goods is locating one of its namesake stores next to one of its Field & Stream stores to create an intriguing  90,000-sq.-ft. concept called the All-American Sports Center.

New York -- Although the list of retailers reporting monthly sales has grown considerably slim over the past few years, a handful are still going public with the metric.

Costco Wholesale Corp. announced on Thursday that its same-store sales fell 1% in June, following a 1% drop in its most recent quarter (ended May 1), which was the chain’s first quarterly drop since 2009.

New York -- Every retailer needs a good CFO and that’s especially true at Conn’s where the company’s business model requires balancing the need to grow sales against the charge off risk associated with extending credit to subprime customers.

Conn’s, the 90-store retailer of furniture, bedding, appliances and consumer electronics, named Thomas Moran CFO on July 9. He replaces Mark Haley, Conn’s chief accounting officer, who had filled the position on an interim basis since last December.

Wayne, N.J. – Toys “R” Us is taking e-commerce into its own hands.

In a move to optimize its e-commerce business and significantly improve the customer experience online, the toy giant announced plans to bring its U.S. e-commerce operations in-house. The plans include building and managing a new platform for Toysrus.com, Babiesrus.com and FAO.com.

Toys “R” Us expects to launch its own online platform by the end of summer 2016.

Minneapolis -- Target Corp. is putting a spotlight on how the “Internet of Things“(IoT) will transform consumers’ homes and lives.

The company has opened an experimental space that provides an upfront and personal look at how the IoT can connects everyday items like thermostats and door locks. The move follows the opening of Sears’s “Connected Solutions” flagship in San Bruno, California.

DEERFIELD, Ill. — Walgreens Boots Alliance appears to be just getting started. The company posted third-quarter EPS of $1.02 for the period ended May 31, which was 15 cents better than analyst estimates of 87 cents. However, revenue for the quarter came in at $28.8 billion, up 48.4%, against consensus estimates of $29.6 billion. Domestic operations were up 5.3% to $20.4 billion.   

Careland Pharmacy is a new drug store that mixes a contemporary look with playful references with an old-fashioned service philosophy.

 Located on the ground floor of a landmarked building, Carleland offers prescription and over-the-counter medications, along with toiletries, beauty supplies, toys, and stationery. With a tagline of “We take care seriously,” the pharmacy also offers free home delivery, vision testing, pharmaceutical compounding and flavoring services. There is a drop-off box for prescriptions on the exterior for on-the-go customers.

The Home Depot has come one step closer to eliminating youth homelessness in Canada after sponsoring an inventive in-store campaign.

By purchasing a paper door for $2, Home Depot customers in Canada raised $1,253,370 toward the goal of ending youth homelessness in that nation. Donations will go to support housing and life-skills development programs such as counselling, financial literacy, and employment preparation to give youth the practical tools they need to live to their full potential.

The man who ran European drugstore chain Alliance Boots before its merger last year with Walgreens has agreed to become the top executive of the combined company.