News

Manhattan residents now have the opportunity to receive Amazon deliveries faster than ever before.

Prime Now, the newest benefit for Amazon Prime members, offers one-hour delivery on tens of thousands of products through a mobile app. Prime Now is powered by Amazon’s network of fulfillment centers that utilize high-end technology to speed up order delivery times for customers.

Despite reporting a 33% year-over-year decline in profits during the third quarter, Pier 1 Imports CEO Alex Smith said he is confident in the chain’s value proposition going forward in 2015.

By Molly Glover Gallatin, Gigwalk   According to Forrester Research, U.S. e-retail sales are expected to grow from $263 billion in 2013 to $414 billion in 2018, a compound annual growth rate of 9.5%. While a fuss has been made about the increase in online spending, statistics show that more than three quarters of retail transactions are still made in-store.    

Executives from The Home Depot, Warby Parker and Chico’s will receive top honors from the retail industry next month when the National Retail Federation convenes its annual Big Show in New York.

Los Angeles – Change is occurring at American Apparel Inc., and it may be coming from external as well as internal sources. The board of directors of American Apparel has confirmed that it has received an indication of interest to acquire the struggling company for $1.30 to $1.40 per share.    The identity of the potential buyer has not been disclosed, but in a press release American Apparel said it “takes these matters seriously, and will evaluate this proposal in the ordinary course of business. 

A federal judge has ruled that customers suing Target for last year’s data breach may move forward with their claims.

U.S. District Judge Paul Magnuson in St. Paul, Minn., dismissed claims by plaintiffs in certain states but largely denied Target's request to toss out the proposed class action lawsuit.

Magnuson rejected Target's argument that the consumers lacked standing to sue because they could not establish any injury.

Little known food retailer Haggen Northwest Fresh will grow its store base more than 800% following a Federal Trade Commission mandate that Albertson’s and Safeway divest 168 stores.

Few people have heard of Haggen outside Washington and Oregon, where the company operates 18 stores, but now the food retailer is about to get dramatically bigger and expand its presence to three more western states.

  Charlotte, N.C. - Belk Inc. has renewed an agreement with EBay Enterprise to provide multi-site customer support to scale with Belk’s continual growth. Belk first partnered with EBay Enterprise in 2008 with the launch of Belk.com.