News

Atlanta - Online shoppers frequently change retail channels during their shopping experience. According to the new Pulse of the Online Shopper study from UPS and comScore, better prices (57%) and selection (49%) are the top reasons for purchasing online after researching an item in-store.

Nearly half (48%) of online shoppers have used ship to store in the past year, and 45% of those consumers made an additional purchase when picking up their online purchase.

For the third year in a row, Amazon has claimed the top spot in the Reputation Institute’s annual survey of America’s 50 most reputable companies in the retail industry.

Same store sales increased 2.1% at Rite Aid in May thanks in large part to growth in the retailer's pharmacy division.

Irving, Texas – Net income at the Michaels Companies Inc. skyrocketed 47% to $67 million in the first quarter of fiscal 2015 compared to $45 million in the same quarter a year earlier. A large drop in interest expense helped fuel strong profit growth.

Net sales climbed 2% to $1.08 billion, from $1.05 billion. Same-store sales rose 0.3%. Michaels said unfavorable weather and a strong U.S. dollar hindered sales growth.

Target plans to sell its pharmacy business to CVS Health for $1.9 billion and rebrand its nearly 1,700 prescription departments as CVS/pharmacy in a blockbuster deal that stunned the health care world.

When it comes to transportation and logistics management considerations, the retail industry is a completely different beast. From strict deadlines and razor thin margins to challenges dealing with “reverse logistics,” complex dynamics exist between retailers, manufacturers/suppliers and transportation carriers that present unique challenges for getting inventory from Point A to Point B (and sometimes back again).

New York -- Xcel Brands Inc., a brand management and development company, has appointed a veteran marketing executive of Target to the Xcel board of directors.

Francis is currently the chief global brand officer for DreamWorks Animation SKG. Prior to joining DreamWorks he was the founder and CEO of Farview Associates, a brand development agency focused on the creation of new brands and the support of established global brands.

The Vitamin Shoppe is hoping to attract more health-conscious shoppers by sponsoring a health expo this month at all 700 of its stores.

All Vitamin Shoppe stores across the country will host a "Share the Health" Expo from 11 a.m. – 2 p.m. Each store will provide samples of healthy goodies, offer consultations with local wellness partners, plus tips and recipes for healthy living this summer. The first 50 shoppers at each store will receive a free gift bag with product samples from a selection of brands.