News

Just a couple of days after elevating Ray Cotton to SVP, chief compliance and sustainability officer, Lumber Liquidators has launched a new section of its website dedicated to sustainability.

The original content is rooted in the company's "Lay It Forward" business strategy, which according to the company, centers on the long-term benefits of quality hardwood flooring, protecting the environment and supporting the communities it serves.

How well many retailers perform this holiday season in store and online will be determined by the shopping preferences of a demographic group that doesn’t typically get a lot of love from marketers.

Spending on consumer electronics this holiday season is projected to reach a record level of nearly $34 billion as shoppers clamor for ultra high definition televisions, smart watches, tablets and a new crop of smartphones.

The Consumer Electronics Association (CEA) predicts the 2014 holiday season will see the highest levels of consumer spending on consumer electronics since the group began tracking the category two decades ago. The trade group’s holiday outlook envisions total tech spending increasing 2.5% to $33.76 billion.

The consumer electronics category is expected to set a holiday sales record this season and one of the hottest brands going right now is the GoPro line of cameras and accessories.

That explains why Best Buy just expanded its offering of the popular brand to feature a striking 12 foot display that features an endcap with a 40 inch monitor to showcase the type of video the GoPro line is capable of capturing. A centerpiece of the display will be the brand’s new HERO4 model which will be available on October 5.

New York -- Most shoppers now actually like to grocery shop, according to research from Acosta Sales & Marketing, full-service sales and marketing agency. The company’s “The Why? Behind the Buy” report finds that 54% of total U.S. shoppers say they enjoy grocery shopping, up from 41% in 2011.

Seattle -- Starbucks Coffee Company and HBO will host a free, all-star concert to honor the nations veterans and their families on the National Mall in Washington, D.C., to be presented live on HBO on Veterans Day, Nov. 11.

The line-up of performers scheduled to appear at The Concert for Valor include Bruce Springsteen, Eminem, Jamie Foxx, Dave Grohl, Metallica, John Oliver, Rihanna, Carrie Underwood and Zac Brown Band, as well as special appearances by Meryl Streep, Tom Hanks and Steven Spielberg, among others.

Foothill Ranch, Calif.  -- The Wet Seal announced today that its CFO, Steve Benrubi, has resigned. He will remain with the company through Dec. 1 to assist with the transition. 

The retailer said it will start the search for a new CFO.

“I thank Steve for his service and loyal dedication to Wet Seal over the past nine years. Steve was an instrumental leader through many challenges and successes throughout his tenure,” said Wet Seal CEO Ed Thomas.

Nashville, Tenn. -- Under Armour plans to build a new one million-sq.-ft. distribution and warehouse facility in Mount Juliet, Tennessee, a suburb of Nashville. This will be Under Armour's third distribution center in the United States, with the original warehouse in the company's hometown of Baltimore, Maryland, and the other located in Rialto, California.

Boston – Drizly, a technology company powering beer, wine and liquor delivery for consumers across the U.S., has launched Drizly.com, its new e-commerce website. Drizly.com serves as an extension of the Drizly smartphone apps for iPhone and Android, which allow consumers to have beer, wine and liquor delivered in 20-40 minutes, using a network of retail delivery partners.

The world’s retail capital is turning it up yet another degree, as a hot landmark project geared toward commuters launches development.

Turnstyle is the reinvention of a span of underground corridor that runs from West 57th St. to the Columbus Circle/59th St. subway. The new iteration, slated for a fall 2015 opening, will feature 26,000 sq. ft. of space divided among more than 30 retail shops and restaurants, ranging from trendy kiosks to 1,000-sq.-ft. storefronts and offering everything from jewelry and cosmetics to grab-and-go food and smart gathering places.