News

Former Walmart exec joins Alibaba board
Veteran finance executive and former top Walmart executive Wan Ling Martello has joined the board of directors of Alibaba as the Chinese e-commerce giant eyes growth in the U.S.
Tech Guest Viewpoint: EMV: Why Online Retailers Should Pay Attention
If you’ve got a physical shop in the U.S., chances are you’re well acquainted with the upcoming deadline for getting an EMV card reader: October 1, 2015. And you’re probably also very aware that if you don’t have this device and complete all your compliance steps, you’ll be on the hook for all the painful chargebacks and related costs that come with fraudulent credit card transactions.

Lowe's still no match for Home Depot

Lowe’s was hoping not to be outshined by Home Depot’s strong financial results, but hopes turned into missed opportunities Wednesday as Lowe's reported disappointing profit growth.

For the second quarter ended July 31, Lowe’s had earnings of $1.13 billion, up from $1.04 billion in the same quarter last year. On a diluted basis, earnings were $1.20 a share, 4 cents below analysts’ estimates. Home Depot reported a much higher profit on Tuesday.
The Cordish Cos. launches Waterside District redevelopment

Norfolk, Va. -- The Cordish Companies announced its comprehensive $40 million overhaul and rebranding of Norfolk, Virginia’s iconic Waterside Festival Marketplace as Waterside District.
Francesca's on the hunt for new CMO

Specialty retailer Francesca's is losing its head merchant.

CMO Sei Jin Alt is resigning to spend more time with her family and pursue other interests, the company said. The company has initiated a search for a new Chief Merchandising Officer. To facilitate a smooth transition, Alt will remain in her current role until Nov. 20.
Barnes & Noble College offers insight into students

New York – Ever wondered what is really going on in the minds and lives of today’s college students? Barnes & Noble College, an operator of campus bookstores with more than 720 stores at college and universities nationwide, is accelerating its market research platform.

Expanded research access is intended to help the company’s partners, including colleges and universities, consumer brands and publishers, better understand the thinking, behaviors and expectations of current and future college students and faculty.
TravelCenters shareholder urges buyback

New York - RDG Capital Fund Management, a shareholder of TravelCenters of America, is recommending a major financial step. RDG has delivered a letter to the TravelCenters board of directors strongly recommending a $100 million share buyback that RDG estimates would increase stock price by more than 33% to $17 per share.
Abercrombie hopes shakeup will revive sales

Abercrombie & Fitch Co. has formed a new brand leadership team to help drive the struggling company forward.
Attack of the (curbside) pods

Palo Alto, Calif. – In science fiction and horror films, the arrival of pods is rarely a good development. But omnichannel consumers will likely be pleased by the arrival of the first Curbside Pickup Pod at the Glendale Galleria mall (a GGP property) in Southern California.
TJX shows value in Q2

Framingham, Mass. – The TJX Companies Inc. showed value to its investors in a strong second quarter of fiscal 2016 where it beat Wall street expectations for both profit and sales. The elimination of a debt extinguishment loss and lower interest expenses helped push net income up 6% to $549.33 million, from $517.62 million the same period the prior fiscal year.