News

San Francisco – A labor dispute that had reduced the 29 West Coast ports, which handle close to half the consumer cargo in the U.S. down to 50%-60% capacity appears to be over. Late in the evening of Friday, Feb. 20, the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) reached a tentative agreement on a new five-year contract covering workers at all 29 West Coast ports.
 

Target is raising the stakes in the free online shipping game by undercutting not only Walmart but now also Amazon.com.

Target announced it has lowered the threshold for free shipping on online orders to $25, making it among the most competitive among major retailers. Its previous free-shipping minimum was $50, which placed it in the higher end of the spectrum.

PetSmart is hoping to stand out in the pet category with a new marketing campaign that celebrates “pethood.”

The campaign, called "Petsmart Partners in Pethood," explores how having a pet can be similar to having a child -- from potty training to feeding, bathing to doctors visits.

The National Retail Federation and the Retail Industry Leaders Association are celebrating a tentative agreement on a labor dispute that caused problems at 29 West Coast ports.

Retailers have warned for months that the impasse in negotiations was creating an economic challenge, and that a full-scale strike would negatively impact the entire American economy. Farmers and manufacturers were also reporting a heavy toll as agriculture exports suffered and part shortages were leading to factory slowdowns for some automakers.

Almost 2-in-5 U.S. consumers who are walking the retail aisles with smartphone in hand are comparing prices, according to a GfK survey.

Walgreens is opening a massive new store, the drug chain's 15th flagship, in Honolulu, Hawaii.

The new store is 35,000-plus feet and is Walgreens' 12th store on Oahu and 18th in Hawaii.

The store also boasts culturally inspired design reflective of elements of traditional Hawaiian architecture, as well as components of the natural landscape.

Lingerie retailer Frederick’s of Hollywood is reportedly closing at least 31 of its 93 stores as part of a broader re-engineering effort. 

According to the Wall Street Journal, Great American Group is overseeing liquidation sales at 31 stores, including the flagship location in Los Angeles. The number of stores to be shuttered may rise slightly.

Best Buy is looking to drive growth through innovation by opening a new technology center in the Seattle area this spring.

The company joins a growing array of retailers, including Staples and Sears, that have been opening or expanding offices in Seattle in order to tap into the city’s wealth of tech talent.

Amazon.com is looking to push farther into the category of high-end couture, according to a new report from Bloomberg.

The news service reports that Amazon has been embracing more profitable designer fashion by selling clothing, shoes, handbags, and accessories from pricey brands with luxe reputations.

Earlier this year it was announced that the Internet retailer will be a sponsor of New York Fashion Week this summer. Amazon reportedly also signed a multiyear deal this month to sponsor India Fashion Week, according to Women's Wear Daily.

The Secretary of Homeland Security, Jeh Johnson, has warned shoppers at shopping centers to be vigilant after a terror group called for attacks at shopping venues in Canada, the U.K. and the United States, mentioning by name the Mall of America, in Bloomington, Minn.