News

Men’s Wearhouse looking to augment growth under new identity
First Google became Alphabet and now Men’s Wearhouse is following suit by creating a new holding company structure under the name Tailored Brands that hints at growth aspirations beyond the male demographic.
Food Lion hits 1 million Facebook fans, provides meals
Food Lion is feeling good about recently reaching the milestone of 1 million Facebook fans, and is sharing the positive vibes.

In recognition of this social media achievement, Food Lion is donating 1 million meals to those in need. The meals will be donated to Feeding America in the form of a monetary donation (Feeding America provides an average of 11 meals for every dollar donated) and distributed evenly among 30 local Feeding America member food banks within the grocer's service area. The donation will span across its 10-state footprint.

Men’s Wearhouse to augment growth with new name

First Google became Alphabet and now Men’s Wearhouse is following suit by creating a new holding company structure under the name Tailored Brands, a corporate identity that hints at growth aspirations beyond the male demographic.
Tech Bytes: Three Factors that Doomed Google Glass with Consumers

Google is finally shutting down efforts to promote Google Glass as a consumer device.

Back in April 2015, Google said it would partner with Luxottica Group to create a more user-friendly version of the connected eyewear. This announcement followed Google’s decision to essentially putting Google Glass on hiatus in January 2015. However, consumers never took to Google Glass, and after releasing an initial flurry of apps, retailers never really did, either.
FTC: Identity theft rises sharply

Retailers looking for validation that their data privacy efforts matter can look to disturbing new figures from the Federal Trade Commission (FTC).

According to data released by the FTC, it received more than 490,000 consumer complaints about identity theft in 2015. This is a 47% increase from the number of identity theft complaints in 2014. The Department of Justice estimates that in total, 17.6 million Americans were victims of identity theft in 2014.
Here's where the shoppers were last Christmas

Tuesday Morning's value proposition clearly resonated with shoppers over the holidays as the off-price retailer reported an impressive increase in same-store sales for the second quarter.

The Texas-based retailer said that for the second quarter and six months ended Dec. 31, net sales were $319.9 million for the second quarter, an increase of $18.5 million from the prior year period. Same-store sales increased 8.4%. Operating income for the second quarter was $20.6 million. Diluted income per share was 43 cents.
Shake Shack, Uber shake up rewards

Shake Shack and Uber have digitally collaborated on customer experience with a little help from Visa Inc.

In December 2015, New York-based, 66-unit Shake Shack and Uber utilized the new Visa Commerce Network to offer a cross-promotion. Built on the VisaNet electronic payment network and accessible through application programming interfaces (APIs), Visa Commerce Network works by connecting transactions between two merchants.
Report: Circuit City is making a comeback

Remember Circuit City? According to a new report from Twice, the new owners of the naming rights to the electronics chain have an ambitious plan to open retail outlets, websites, branded and private-label products, licensed kiosks, mobile shops and franchise opportunities -- all under the Circuit City banner. [Twice]
Hhgregg ends the year on a sour note

Hhgregg's holiday disaster was confirmed Thursday when the struggling retailer officially posted a loss of $26.9 million in its fiscal third quarter.

The company said that for the third quarter ended Dec. 31, net sales decreased 10.9% to $593 million, compared to the prior year third quarter.
UberRush increases drive for delivery presence

Ride-sharing service Uber is getting more aggressive in its jockeying for position in the online delivery marketplace.

In October 2015, Uber expanded its UberRush same-day delivery service from New York, where it had been operating for about two years, to San Francisco and Chicago. UberRush uses Uber drivers to deliver merchandise from retailers to customers for a $5-$7 fee, often in minutes.