News

Boston – Nearly 300% more retailers plan to use mobile POS in the next two years, according to a special report by Boston Retail Partners (BRP).

Washington, D.C. -- The Merchants Payments Coalition applauded U.S. District Judge Nicolas Garaufis’ ruling on Thursday that American Express credit card rules constitute an unlawful restraint on trade.

The judge found that the credit card giant violated U.S. antitrust laws by barring merchants from encouraging customers to use one credit card over another. In a 150-page opinion, he wrote that such a practice constitutes “an unlawful restraint on trade.”

St. Louis -- Build-A-Bear Workshop reported $11.8 million profit for the fourth quarter, more than double the $5.4 million profit it reported in the year ago period, amid continuing signs of a turnaround. The company’s performance driven by strong sales of licensed characters, including a line of “Frozen” stuffed animals.

Revenue totaled $131.5 million for the quarter, up from $108.1 million last year.

Minneapolis – Best Buy Co Inc. has added service from the Curbside mobile shopping app to several stores in the Bay Area, including San Francisco and San Jose. Curbside enables consumers to purchase items from local retailers and then pick them up outside of local stores with deliveries directly to their cars.

London – Specialty luxury retailer Michael Kors Holdings has joined the ranks of Snapchat users. According to DigiDay, Michael Kors debuted on Snapchat earlier this week during New York Fashion Week, launching exclusive photos from Fashion Week on Snapchat.

Michael Kors has had a longtime social media presence, and was the first retailer to buy an ad on Instagram. Other New York Fashion Week social media activities for Michael Kors included live Internet streaming of the show and a live Twitter chat with the hashtag #AllAccessKors.

London – U.K.-based fashion retailer Topshop is teaming up with Twitter for an omnichannel promotion tied to London Fashion Week. Starting Friday, Feb. 20, the first day of London Fashion Week, Topshop will be analyzing Twitter trends to determine the real-time buzz around apparel and accessories being displayed on Fashion Week runways.

New York - The American Museum of Natural History is launching an omnichannel collaboration with online marketplace Etsy. The museum and Etsy have teamed up on products inspired by the natural world and the museum’s collections, which will be sold in a dedicated section of the museum’s gift shop as well as online.

Los Angeles -- The 29 West Coast ports, which handle 44% of container cargo in the U.S., are currently running at approximately 50-60% capacity, according to a report released Thursday by CBRE Group, the world’s largest commercial real estate services and investment firm. Five of the ports — Los Angeles, Long Beach, Oakland, Tacoma and Seattle — are among the top 10 largest and busiest ports (by total TEU volume) in the United States.

Washington, D.C. - Retail CIOs agree that security and digital innovation are top priorities for 2015, according to a new report by the NRF and Forrester Research.

The study, the Retail CIO Agenda 2015: Secure and Innovate, finds that managing data security is the most urgent focus area for retail CIOs, with 97% of respondents placing it at the top of their 2015 priority lists.  

New York - Retail sales in the U.S. will reach $4.87 trillion for the full year 2015. According to EMarketer analysis, this represents a 4% increase from 2014.

U.S. retail e-commerce sales will total approximately $350 billion in 2015, up 14% from $305.7 billion the prior year. Despite rapid growth, retail ecommerce will still account for just 7% of total retail sales in the U.S. during the current year, EMarketer estimates.