News

Shopify teams with another online giant
Shortly after expanding its e-commerce partnership with Facebook, the cloud-based multichannel Shopify platform is teaming up with another online giant. Shopify has been selected as the preferred migration provider for Amazon Webstore, making it easier for online businesses to sell on both Amazon and other channels using Shopify.
Holiday Forecast: Will earlier Hanukkah fuel even bigger November sales?
October will be over in a flash, and with it, all eyes will be on the holiday season, which is measured from November 1 through December 31.

The 2015 retail calendar has several distinctions, as we saw Memorial Day fall on the earliest possible date and Labor Day on the latest possible date. This holiday season, there are 28 days between Thanksgiving (not counting the actual day) and Christmas, which is an average amount for the period separating the two holidays.

Target vet joins NACDS as director, pharmacy affairs

ARLINGTON, Va. – The National Association of Chain Drug Stores on Thursday announced the appointment of Jason Ausili as director, pharmacy affairs, effective Sept. 28. Ausili will report to Kathleen Jaeger, SVP pharmacy care and patient advocacy.
Retailers to get tax relief for store remodels/improvements?

Two bills passed by a key House committee would help retailers save on store remodeling and improvement costs upfront.
Nordstrom opens first international flagship

Nordstrom Inc. has opened its first international flagship location. The luxury retailer opened its new store at Pacific Centre inVancouver, British Columbiaon Friday, Sept. 18.

The 230,000-sq.-ft. flagship store offers a curated selection of merchandise from accessible to luxury price points.
Report: Leading pet retailers may merge

The two biggest specialty pet retailers in the U.S. may merge. According to Reuters, Petco Holdings Inc. is considering a possible acquisition from chief rival PetSmart Inc.
Rite Aid beats street in Q2, adjusts guidance

Rite Aid on Thursday reported $7.7 billion in revenue for its fiscal second quarter ended Aug. 29, representing an increase of 17.5%. Retail pharmacy segment revenues were $6.6 billion and increased 1.9%, primarily as a result of an increase in same-store sales. And pharmacy services segment revenues were $1.1 billion from the date of the acquisition of EnvisionRx — June 24 — through the end of the quarter.
The Home Depot builds physical omnichannel infrastructure

The Home Depot is building physical infrastructure to support online operations. The home improvement giant is officially opening the third of three facilities designed to support its online business, IT transformation and overall interconnected retail strategy.

The new 1.6 million-sq.-ft. facility is located in Troy Township, Ohioand is expected to eventually employ 500 workers. Home Depot is opening the center as online sales continue to grow and currently account for 5% of total revenues.
Study: Retailers sense need for improved demand planning

Key forecasting metrics have remained essentially flat for five years, but one emerging technology offers retailers the chance for improvement. According to the sixth annual Forecasting Benchmark Study from supply chain software provider Terra Technology, companies using sensing demand systems consistently double overall forecast value-add and reduce error by 37%.
Report: Penney targets plus-size with new format

The J.C. Penney Co. Inc. is reportedly planning to overhaul how it serves plus-size customers with a new in-store and online format called “The Boutique.” According to Women’s Wear Daily, Penney will open dedicated plus-size “The Boutique” sections of 12 stores