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TECHNOLOGY

  • Dick’s Sporting Goods wins bidding war

    Dick’s Sporting Goods was the victor on Thursday at the bankruptcy auction for former rival Sports Authority Holdings.    Dick’s bid $15 million for the brand name and other intellectual property, beating British-based Sports Direct International PLC’s $13 million bid, according to the Wall Street Journal.      Dick’s also had the winning bid at the auction for 31 Sports Authority store leases, for an additional $8 million, the report said.  
  • Pinterest ramps up shopping efforts — and adds some cool new tools

    Pinterest is making it easier for consumers to shop and buy on its site.    The company, which claims 100 million monthly users, on Tuesday unveiled a collection of new tools, called “Shopping with Pinterest,” that includes visual search technology that lets people search for similar items shown featured in a pin (post).   
  • Report: Some fun facts about Target

    Not many retailers can boast that their mascot was one of the first animals ever immortalized in wax at Madam Tussauds in New York City. But Target can.   That’s just one of five suprising things about the discounter in a report by Fortune. To find out the other four, click here  
  • Nimble small- to mid-level retailers steal share from larger, traditional chains

    Think online is the biggest challenge traditional retailers face? Think again.  
  • Analysis: Is Ralph Lauren Corp. moving away from luxury?

    Ralph Lauren Corp. made headlines with its June 7th announcement that it planned to close 50 stores and lay off 1,000 employees as part of a restructuring in response to lower sales.     The announcement  didn't go into specifics about the luxury brand’s plans to correct its course. But some industry insiders speculate that the background of Ralph Lauren CEO  Stefan Larsson, who took the reins of the company in September,  holds the key.   
  • Outdoor lifestyle brand matching store space to green space

    Timberland announced a goal to double its footprint in five U.S. cities by 2020 -- but not in the conventional year.   Each year for the next five years, the brand will choose a different city with a Timberland  store, and match its retail floor space with the creation or restoration of an equivalent amount of green space in that city.  
  • Lands’ End names new marketing chief in leadership shakeup

    Specialty apparel retailer Lands' End is making a number of new executive appointments in the marketing and merchandising areas of the company.
  • Walmart shows shoppers a good time

    Long dependent on low prices to draw customers to stores, Walmart is trying a new traffic-boosting tactic: fun.
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