News

H&M feels pinch of strong dollar but keeps expanding
New York -- Swedish fast-fashion giant H&M isn’t letting the strong U.S. dollar hurt its expansion plans.

The chain plans to open about 400 new stores in 2015-2016. It is expanding into five new markets: Taiwan, Peru, Macau, South Africa and India. Other plans include the launch of H&M Beauty this July, starting in about 900 stores and online. The company also hinted at the development of a mysterious new brand.
The next big thing in e-commerce?
U.S. grocery shopping habits appear to be changing as consumers increasingly seek out the convenience of online ordering when it comes to food, according to a new study.

Spotlight on three retailers who credit their business to eBay

San Jose, Calif. – Many consumers assume eBay is simply a place to sell or buy used merchandise. However, the online commerce platform is actually robust enough to support a thriving retail business selling new goods.
Top 10 Stories of the Year: Mid-Year Update

Having passed the calendar’s mid-point, we thought it would be interesting to take a look at the top 10 most-viewed stories of the year (to date) on Chainstoreage.com.

Click here.
Three Ways Pinterest ‘Pins’ Illustrate Omnichannel Disruption

Pinterest is rolling out its “Buyable Pins” feature, which allow consumers to purchase items directly from Pinterest visual displays, to users of its iPhone and iPad apps. This gives retailers a new avenue to engage digital consumers, while e-commerce platforms like Amazon, eBay, Google and even Wal-Mart Marketplace have a new competitor.
Merger costs take toll on Family Dollar Q3 profits

Matthews, N.C. – The pending merger with Dollar Tree Inc. took a toll on Family Dollar’s profits in the third quarter.

Expenses related to the merger drove Family Dollar’s net income down 1.5% to $79.9 million from $81.1 million the year-ago period, below Wall Street expectations.
Dover Saddlery jumps into merger

Littleton, Mass. – Specialty equestrian retailer Dover Saddlery Inc. is jumping into a new business arrangement.

Dover Saddlery has completed its merger with a company formed by Webster Capital. Dover shareholders will receive $8.50 per share in cash in the merger, and all in-the-money stock options and warrants will be cashed out.
PayPal is in the money with new acquisition

San Jose, Calif. – PayPal Inc. is getting itself “in the money” with a major acquisition as the company prepares for its impending July 17 split from eBay Inc.

PayPal will purchase digital money transfer service Xoom Corp. for $25 per share in cash, or about $890 million.
Tech Guest Viewpoint: Providing a seamless customer experience

It is no secret that the retail landscape has – and is – rapidly evolving, in large part due to the explosive growth of mobile. While it is certainly common now for retailers to have an online presence, that doesn’t necessarily mean they’re all catering to the complex needs of today’s shoppers.
Lidl goes a long way in North Carolina

German grocer Lidl has made its entry into the U.S. market official by selecting a regional headquarters and distribution hub in the South.
Best Buy gets techie with Samsung

Best Buy is putting a spotlight on the way technology is impacting home appliances.
P&G veteran joins QVC finance team

QVC has named a Procter & Gamble veteran as its next business planning and analysis chief, as the company looks tomaximize efficiencies and organizational synergy.