News

The @WalmartLabs unit of the retailer’s Global eCommerce division has done another deal in Silicon Valley, acquiring the social shopping site Luvocracy.

Minneapolis – Tile Shop Holdings Inc. reported a 38% dip in net income during the second quarter of fiscal 2014 compared to the same period a year earlier. Net income fell to $3.96 billion from $6.48 billion, with Tile Shop citing adverse macroeconomic conditions, including home sales, as having a generally negative impact on the business.

Jim Wade, who has 35 years of experience in retail, is the newest member of closeout retailer Tuesday Morning’s board of directors. Wade will be part of the board’s audit committee.

Boston -- The top company initiative among retail supply chain executives is “to enable a seamless customer experience online and in the store.” According to the new 2014 Supply Chain Benchmark Survey from Boston Retail Partners (BRP), this “unified commerce” initiative as the evolution of both multichannel and omnichannel retailing to provide a seamless shopping experience whether in the store, on the Web or anywhere customers choose to shop on their mobile devices.
 

Academy Sports + Outdoors plans to open four new stores next year in Kissimmee, Lake Mary, Waterford Lakes and Melbourne. Although the sports, outdoor and lifestyle retailer is no stranger to Florida — with an established presence in Jacksonville, Pensacola and Tallahassee — these four new stores are the first in the Orlando area.

In addition, Academy has entered into a multi-year agreement with the Univ. of Central Florida.

Bentonville, Ark. – Wal-Mart Stores Inc. has made a follow-on order for GenKey fuel cell units from Plug Power Inc. Wal-Mart will add an additional, seventh, GenKey site to the original six-site contract it announced in February 2014.

Petaluma, Calif. – E-commerce platform provider MarketLive has entered a strategic agreement with Amazon Payments, offering the ability for MarketLive retailers to help streamline the login and checkout process and increase conversion numbers. The integration of login and pay with Amazon with the MarketLive platform allows shoppers on MarketLive retail shopping sites to leverage their existing Amazon account to quickly login and select their shipping and payment information that they use for Amazon.

Fort Worth, Texas – Financial woes continue for RadioShack, which was recently notified it is in danger of being delisted by the New York Stock Exchange. According to a new report from Moody’s Investor Service, RadioShack is likely to run out cash by the end of October 2015.