News

Etsy crafts another disappointing quarter
Currency fluctuations and promotional costs led Etsy.com to report another lackluster quarter of financial results, as the retailer warned more trouble may lie ahead.

The New York-based e-commerce site for handmade and vintage goods blamed currency headwinds and marketing expenses for a loss of $6.35 million in the second quarter ended June 30. That was wider than the $3.15 million reported a year earlier. Sales rose 44% from a year ago to $61.4 million, matching the sales growth from three months prior.
Tractor Supply Company overhauls online site with IBM
Armonk, N.Y. -- IBM has partnered with Tractor Supply Company to revamp and migrate the retailer’s online operation to provide Tractor Supply customers with an easier way to connect, browse and shop for goods and services online.

At the heart of the solution is a completely redesigned website for Tractor Supply that provides optimal viewing across all devices, easier integration with social media pages, and a simplified check-out process.

Neiman Marcus has big plans after IPO

Neiman Marcus plans to grow sales by investing in technology, working with new designers and expanding its footprint, according to IPO paperwork the retailer filed with the SEC.
Listen: Consumer Industries: Using Real-time Consumer Insights

New York – Dan Berthiaume, senior editor of Chain Store Age, recently participated in a one-hour panel discussion, “Consumer Industries: Using Real-time Consumer Insights,” sponsored by SAP as part of its “Coffee Break with Game-Changers” Internet radio series.
Study: The online journey begins in the marketplace

Seattle – Consumers are partial to online marketplaces when it comes to choosing a starting point for digital shopping journeys. According to a new research study from Amazon.com and Pymnts.com titled “Innovation and the Digital Shopper,” 64% of respondents begin their shopping journey on online marketplaces.
Zumiez has a fizzling July

Lynnwood, Wash. – Specialty sports retailer Zumiez Inc. had a fizzling July. Net sales decreased 2% to $61.4 million, from $62.8 million the same four-week period a year earlier. Same-store sales dropped 7.6%.
Kroger gives military family an incredible gift

Kroger and Eckrich came together with a special guest this week to honor -- and surprise -- a U.S. veteran.

The retailer and Eckrich hosted NASCAR driver Aric Almirola at Kroger headquarters to give medically retired Army Specialist John Dietz and his family one year of free groceries at Kroger.
Tractor Supply to embark on omnichannel transformation

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Target testing beacons in 50 stores; more stores, features to come

Minneapolis -- Target Corp. has made its first major foray into beacon technology as the retailer continues to look for ways to enhance the in-store shopping experience with digital tools.

The retailer announced it is testing beacons at 50 stores nationwide, including locations in Chicago, Denver, Minneapolis, New York City, Pittsburgh, Portland, San Francisco and Seattle. The company said it plans to expand the service to more stores later this year.
Sales, earnings plummet at Fairway Market

The CEO of Fairway says promotional and merchandising efforts affected traffic in the first quarter as the company posted a sharp decline in same store sales.