-
Discounter in more store closings
Kmart continues to shrink. The chain is closing another 64 stores, Marketwatch.com reported. The latest round of closings are in addition to a decision by Kmart parent Sears Holdings Corp. last April to close 68 Kmart stores this year, the report said. Kmart operated 941 stores as of Jan. 30, meaning it has now announced plans to close about 14% of its locations. -
Report: EU consumers eye returns before even buying
European consumers seem to be taking the adage, “buyer beware” very literally.
Unsure whether their online purchase will satisfy their needs until it actually arrives, 54% of shoppers reported they think about returning an item before they have even purchased it. And this mindset runs the gamut from decisions about apparel and electrical goods to home decor and furniture, according to “Making Money Out of Returns: The Essential Guide to Managing International Returns,” a report from fulfillment provider B2C Europe.

