News

Report: Investor urges splitting off Macy's
Macy's Inc. should split off its real estate holdings into a separate company to maximize shareholder value, Starboard Value hedge fund manager Jeffrey Smith said during an investor presentation, according to several news reports.

According to the Wall Street Journal, Smith said Wednesday it had taken a stake in Macy’s and is pushing the department store chain to spin off some of its real-estate assets.
Nordstrom does Instagram—on the roof

Seattle — Ever wondered what a 15-story-tall Instagram post would look like? Well, thanks to Nordstrom, the wait is over.

Kroger setting the standard for sustainability

Few retailers make as big an impact on the environment as Kroger, but the high performing supermarket chain has made huge progress against sustainability priorities during the past decade and now is ready to take on a new set of goals.

The company released its 2015 Sustainability Report on July 17, which chronicles progress made during the past nine years and establishes new directional priorities.
Will Amazon buy start-up rival even before it takes off?

Seattle – Amazon.com may be preparing a pre-emptive strike against a rival e-commerce platform before it even officially takes off.

According to CNBC, Piper Jaffray Internet analyst Gene Munster says Amazon s considering a purchase of Jet.com, a subscription-based e-commerce site that is currently in beta and set to officially launch next week.

Munster said that Jet.com does a good job in gamifying the online shopping process and in selling fast-moving consumer goods, two things Amazon has not historically done well.
Survey: These two retailers satisfy gas customers

Louisville, Colo. – When it comes to filling their tanks, consumers are most satisfied by two retailers.

Wawa and Costco are the most satisfying gas station/convenience store and wholesale/grocery/big box retailers for fuel, respectively, according to a new survey of 6,935 U.S. consumers by Market Force Information.
RetailMeNot forms mobile marketing alliance

Digital promotions platform RetailMeNot has found a new partner to provide retailers with enhanced marketing analytics.
Groupon to deliver new service with its newest deal

Chicago – It appears that Groupon will soon be delivering a whole new service to its customers.

The online discount provider has acquired OrderUp, an on-demand online and mobile food ordering and delivery service operating in nearly 40 markets across the United States.

Paired with Groupon’s approximately 25 million active North America customers, the deal creates an online and mobile food ordering marketplace of significant size and scale.
Thousands of Kohl's employees volunteering for kids health

Kohl’s is looking to make a difference in the lives of many of its customers with a vast volunteer effort involving all its stores, thousands of its employees and 160 hospitals.
Porsche drives consumers to dine in ‘experience center’

Atlanta - Porsche Cars North America Inc. hopes to drive consumers to drink – and eat – at its new $100 million Porsche Experience Center and headquarters. Porsche has officially opened its new fine dining "Restaurant 356" on the second level of the Porsche Experience Center, overlooking the Hartsfield-Jackson Atlanta International Airport.
Best Buy on board with Obama initiative

Under the auspices of ensuring digital opportunity for all Americans, Best Buy has aligned itself with President Barack Obama and several service providers on wide-ranging initiative to improve high speed Internet access.

The program, called ConnectHome, was unveiled by the president on July 15 during a visit to Durant, Okla., and involves 275,000 households with nearly 200,000 children in 27 cities.