News

Menswear retailer acquires all Jones New York stores in Canada; to expand
New York -- Jones New York stores won’t be shutting out the lights up north.

Canadian menswear retailer Grafton Fraser Inc. has acquired Jones New York’s 35 stores in Canada for an undisclosed amount. The Toronto-based company said it is planning "significant growth" in the number of Jones stores going forward.
Target doubles down on denim
As shoppers get ready to slip back into their jeans for the upcoming fall and back-to-school seasons, it makes sense that Target has given its denim assortment a big refresh.

Target’s team of designers went to work to completely overhaul the retailer's denim assortment. The result? New styles and revamped fits, fabrics and finishes — comparable to what you’d find at a high-end department store — all for $30 or less.

IDC report: Connected consumers drive distributed order management

Framingham, Mass. - With an ever-growing population of individuals gaining access to smartphones and mobile devices, there's no avoiding the escalated demand to meet consumers where they are with the precise product they want. According to a new study from IDC Retail Insights, this need will in turn drive the capabilities built by distributed order management (DOM) solutions providers.
Alibaba investing in its cloud business

A week after releasing more than 60 new cloud products and solutions through its cloud computing subsidiary Aliyun, Alibaba is making more bold moves.
Report: Executive departure may shake up Target omnichannel operation

Minneapolis – An unconfirmed executive departure at Target Corp. will have major ramifications on its digital and mobile retail operation if the report is accurate.

According to Re/Code, Alan Wizemann, VP of product for Target.com and mobile, is leaving the company for unspecified reasons.
Cash is still king with U.S. shoppers

Pleasanton, Calif. - Shoppers are using a larger variety of payment options with digital and mobile payments serving as supplements to the traditional cash and card-based payments tools. According to a new study of 1,000 consumers released by Blackhawk Network, while 93% of consumers still use cash; 68% use debit cards; 62% use PayPal and 14% have made mobile payments on smartphones or tablets.
Kohl's teaching the technology of retail

Kohl’s is looking to mold the minds of the next generation of retailers with an innovative new program for students.
Retail disposition firm buys daily deal platform

Northbrook, Ill. - Hilco Merchant Resources LLC (HMR), a provider of retail disposition services such as liquidation and acquisitions, has purchased online retail and daily deal e-commerce platform Deal Genius LLC.

Deal Genius was launched as a flash retail sales web business in 2004. The site delivers daily deals on brand name home goods, apparel, consumer electronics, pet supplies and other merchandise. The company was founded by CEO Chris Matsakis, who will continue in that role going forward.
UPS delivers expanded e-commerce options

The e-commerce experience will be easier for retailers to execute and more enjoyable for shoppers this holiday season thanks to a dramatic expansion of a flexible fulfillment service UPS introduced last year.
What’s an Intern Innovate-a-Thon? Ask Kohl’s.

Milpitas, Calif. – Some interested students are getting a hands-on education courtesy of Kohl’s.

Kohl’s Digital Center, in Milpitas, Calif., is home to a summer internship program that gives students a first-hand look about the role technology plays in retail. On July 23, Kohl’s interns took part in Kohl’s first ever Intern Innovate-a-Thon.