News

John A. Bryant, chairman, president and CEO of Kellogg Co., has been elected to the Macy’s Inc. board of directors.

Best Buy has announced that it is shutting down its Future Shop stores in Canada, consolidating under the Best Buy name and spending $200 million on its e-commerce capabilities.

Best Buy says it will convert 65 of the Future Shop locations into Best Buy stores within a week, and 66 others are closing immediately. Best Buy acquired Canada's Future Shop chain in 2001 for C$581 million.

Now that Amazon.com sells virtually any physical good one can think of, the retailer wants to be there when a customer needs to install or repair it.

Retailers have long known the value of collecting and using customer information for internal analytics and marketing. Indeed, for decades, retailers such as grocery and drug stores have benefited from the vast amount of data generated by customers using their loyalty discount cards to save on their food, toiletry and related purchases. With advancements in technology, retailers now have access to more information than ever about their customers, not only from their own collection practices, but from third parties as well.

Sears has teamed up with organizers of a next-generation athletic event that involves slogging through mud to promote its best-selling Kenmore brand in stores, online and via social media.

The Kenmore brand announced that for the second consecutive year, it will be the official household appliance sponsor of the Dity Girl Mud Run, the original women-only national 5K obstacle and race event.

New data from two leading retail industry trade groups show that, once again, the demise of the nation’s malls is greatly exaggerated.

Rents, occupancy and net operating income among the nation’s shopping centers reached record levels last year, according to a review of 2014 data by the International council of Shopping Centers (ICSC) and the National Council of Real Estate Investment Fiduciaries (NCREIF).

Christopher & Banks Corp. has named a former Macy's executive to its board of directors.

The North Face’s latest unique marketing campaign is inviting customers to the mountains for a workout without ever leaving the store.

The outdoors and fitness apparel company's latest promotion will bring Mountain Athletics workouts to five cities across the country, and customers are invited to sign up and engage in-store and online via a variety of digital marketing offerings.

Beginning March 31, the North Face will host twice-weekly free strength and conditioning workouts in Washington, D.C., New York, San Francisco, Chicago and Boston.

Charlotte, N.C. – Belk Inc. credited strong holiday sales for helping to boost net income in the fourth quarter of fiscal 2014 8% to $104.4 million from $96.3 million the same period a year earlier.

 Net sales rose 5% to $1.39 billion from $1.32 billion, driven by a 2.4% increase in same-store sales and 42% surge in online sales.

Batavia, Ill. – Aldi Inc. has completed its purchase of 66 Bottom Dollar Food stores from the Delhaize Group. The transaction includes the land, buildings and leasehold improvements associated with Delhaize's recently retired Bottom Dollar Food operation.