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Keyword: retail

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  • L.L. Bean Scraps Legendary Lifetime Return Policy

    02/09/2018 11:48:57 AM PST · by Leaning Right · 54 replies
    NPR ^ | February 9, 2018 | AMITA KELLY
    L.L. Bean's outdoor gear — including its signature Bean Boots prized by campers and hipsters alike — is no longer guaranteed for life. In a letter to customers Friday morning, the company said it has updated its return policy to give customers one year to return purchases, with a receipt. The previous lifetime guarantee, which enabled customers to return products years — or even decades — after purchase, has long been a selling point for the company.
  • Macy's to launch a clothing line geared toward Muslims

    02/07/2018 2:20:44 PM PST · by AngelesCrestHighway · 60 replies
    FOX 5 ^ | 02/07/18 | FOX 5 Staff
    Macy's is launching a women's clothing line aimed at Muslim shoppers. The department store chain says it teamed up with a boutique called Verona Collection and plans to sell the collection of modest dresses, tops, cardigans and hijabs online. The clothing will launch on Macy's website on Feb. 15. The brand was developed by Lisa Vogl, a graduate of Macy's minority- and women-owned business development program, which aims to offer more fashion diversity.
  • The profitable business of selling to the hard-up

    02/05/2018 9:28:04 AM PST · by rightwingintelligentsia · 37 replies
    The Economist ^ | January 25, 2018
    “THEY want to build one every four miles,” says the cashier at Dollar General, a discount shop, in Lewisburg, a small town in the rolling hills of central Tennessee. Situated on a big parking lot, next to a provider of payday loans open 24 hours a day, a supermarket chain called Priceless and Dirt Cheap, another southern chain of discount shops flogging the unsold or returned merchandise of other retailers, the shop is one of three Dollar Generals in Lewisburg. Tennessee is the home state of Dollar General, which in recent years overtook its rivals to become the retailer of...
  • Walmart 'segregated,' locked up African-American hair products, lawsuit alleges

    01/27/2018 1:38:37 PM PST · by kevcol · 142 replies
    WCPO ^ | January 27, 2018 | Mark Saunders
    "[She] discovered that the cream and other hair products meant for African Americans had been locked away behind glass shelves and were segregated from products for non-African Americans,' . . . "I was angry, sad, frustrated, and humiliated all at the same time. It was so emotional it's hard to describe. I know there is a lot of racism out there, but I have never been faced with it up close."
  • Sam's Club closes hundreds of stores nationwide [260]

    01/11/2018 11:39:01 AM PST · by Red Badger · 99 replies
    CBS ^ | 01/11/2018 | Staff
    Walmart (WMT) is closing hundreds of Sam's Club stores nationwide, according to numerous media reports. Jessica Buckner, an audit team lead at a Sam's Club location in Anchorage, told local TV station KTVA that all Alaska stores are closing as part of a larger downsizing across the U.S. "From what I heard, there's over 260 stores that have been closed down," she said. The wholesale clubs' official closure date is Jan. 26, Buckner said. The closures also affect stores in New Jersey, upstate New York, Georgia, Illinois, Indiana, Ohio, Louisiana, North Carolina, Tennessee and Texas. In some locations, per social...
  • Walmart is abruptly closing several Sam's Club stores and laying off thousands [100+ stores?]

    01/11/2018 10:19:52 AM PST · by GIdget2004 · 151 replies
    Business Insider ^ | 01/11/2018 | Hayley Peterson
    Walmart is suddenly closing several Sam's Club stores across the US. Closures were reported by local media in Texas, New York, New Jersey, Indiana, Arizona, Alaska, and elsewhere. In some cases, employees were not informed of the closures prior to showing up to work on Thursday. Instead, they learned that their store would be closing when they found the store's doors locked and a notice announcing the closure, according to reports. Walmart and Sam's Club did not immediately respond to a request for comment. Sam's Club offered an explanation on Twitter, however, saying, "After a thorough review of our existing...
  • Wal-Mart's Sam's Club to shut stores after 'review'

    01/11/2018 10:24:53 AM PST · by Oldeconomybuyer · 69 replies
    Reuters ^ | January 11. 2018
    Sam’s Club, a unit of Wal-Mart Stores Inc, closed a series of stores following a review, the membership-only store chain said in a tweet on Thursday. The tweet came after a series of reports from local news outlets said some Sam's Club stores were closed abruptly on Thursday, with employees learning of the move as they arrived for work.
  • Circuit City making comeback years after going bankrupt

    01/11/2018 9:58:32 AM PST · by ilovesarah2012 · 102 replies ^ | January 11, 2018
    WHDH) — Former electronics giant Circuit City says it is making a comeback. Circuit City made the announcement at the Consumer Electronics Show, which is being held this week in Las Vegas, according to a CNBC report. The retailer will launch a retail website on Feb. 15, CEO Ronny Shmoel said.
  • Walmart increases minimum wage, hands out bonuses, crediting Trump

    01/11/2018 7:42:50 AM PST · by nwrep · 83 replies
    Walmart Blog ^ | January 11, 2018 | Walmart Corporate
    . From Walmart Corporate Blog: We’ve got some really good news to share today. As you know, the President and Congress have approved a lower business tax rate. Given these changes, we have an opportunity to accelerate a few pieces of our investment plan. We plan to continue investing in you, in our customers through lower prices, and in our future--especially in technology to help improve your jobs and the experience for our customers. So, we’re pleased to tell you that we’re raising our starting wage to $11 an hour for Walmart U.S., Sam’s Club, Supply Chain, eCommerce and Home...
  • Walmart to Raise Its Starting Wage to $11, Give Some Employees Bonuses Following Tax Bill Passage

    01/11/2018 5:08:06 AM PST · by LRoggy · 42 replies
    CNBC.Com ^ | 1/11/2017 | Lauren Thomas & Courtney Reagan
    Walmart's employees will reap the benefits of the recent tax law changes, as the company raises its starting wage and distributes bonuses to eligible workers. The big-box retailer announced Thursday it will be increasing its starting wage rate for hourly employees in the U.S. to $11, and expand maternity and parental leave benefits. The retailer also will pay a one-time cash bonus to eligible employees of as much as $1,000. Currently, Walmart's starting wage is $9 until workers complete a training program. Then, they receive $10.
  • Sears' Decline Actually Demonstrates Amazon's Vulnerability

    01/09/2018 7:45:06 AM PST · by SeekAndFind · 45 replies
    RCM ^ | 01/09/2018 | By Allan Golombek
    Those who fear Amazon is on the verge of becoming a monopoly that eats all competitors and locks up the retail market should take note of an announcement last week by Sears Holdings: The company will be closing another 100 stores this year. Some will see Sears’ downward trajectory as proof that Amazon is on the verge of assuming near-monopolistic dominance of the retail market. In fact, it proves the opposite: No one can blithely assume that kind of power, at least not for long. Just look at Sears’ history: Back in the 1960s, many feared the Sears chain would...
  • Sears is closing over 100 more stores

    01/04/2018 4:35:25 PM PST · by Hojczyk · 148 replies
    CNBC ^ | January 4,2017
    Sears told its employees Thursday that it will be shuttering over 100 more stores. That consists of 64 Kmart stores and 39 Sears stores, all of which are expected to close between early March and April of this year. Liquidation sales will begin as early as Jan. 12. On a recent call with analysts and investors, Sears CFO Rob Riecker said the retailer would be building on those new concepts in the coming months, "delivering specialized integrated retail experiences" to customers. Sears also recently started selling two of its brands, Kenmore and DieHard, on Earlier Thursday morning, Macy's also...
  • Retail rebound: 2017 holiday sales reach $598 billion

    12/25/2017 6:34:47 PM PST · by eastforker · 19 replies
    CBS NEWS ^ | 12/25/2017 | JIM AXELROD
    NEW YORK -- Retailers are seeing plenty of green this holiday season. And it's not over yet. Records are falling as sales add up. "This is literally the best season since before the recession," business owner Craig Johnson said. Johnson's company, Customer Growth Partners, analyzes all things retail. He credits low unemployment and a booming stock market for this humbug-free holiday season. "The single biggest drive of retail sales is growth in real disposable income," he said. "And when real income goes up, people have money in their pocket and they're able to spend it."
  • The holidays were 'a big win' for struggling retailers as sales soared

    12/26/2017 9:22:00 AM PST · by E. Pluribus Unum · 9 replies
    Business Insider ^ | December 26,2017 | Dennis Green
    Retailers had strong sales for the holiday season. Black Friday and Super Saturday were the biggest days for overall spending. Numbers were boosted by a rise in electronics sales and online shopping. Retailers had a very happy holiday. Retail sales from November 1 through Christmas Eve were up 4.9% over last year, according to data from Mastercard SpendingPulse. That's the highest rate of growth since 2011. That number was given a strong boost by online sales, which were up 18.1% over the season. Much of this growth was due to the new ease of shopping online later in the season,...
  • TRUMP EFFECT: RECORD HOLIDAY SALES NEAR $600 BILLION; Expert: Spending Pace Not Seen Since...

    12/26/2017 7:23:08 AM PST · by blueyon · 50 replies
    The Gateway Pundit ^ | 12/25/1 | Kristinn Taylor
    """TRUMP EFFECT: RECORD HOLIDAY SALES NEAR $600 BILLION; Expert: Spending Pace Not Seen Since Great Recession"""" Retailers are reporting record holiday sales this season of $598 billion as of Christmas Eve, fueled by confidence in the pro-business, pro-jobs economic polices of President Donald Trump of cutting Obama-era regulations and enacting major tax cuts and reforms. Yet media reports by CBS, AP and the Wall Street Journal all failed to mention President Trump in their reports on the record sales. The Drudge Report however is leading Monday night with a photo and headline crediting Trump with the boom in sales over...
  • On this Christmas, The American Mall is Dying, is There Any Bringing it Back?

    12/25/2017 11:31:09 AM PST · by davikkm · 162 replies
    IWB ^ | Robert Carbery
    With the meteoric rise of online retail in the age of Amazon, consumers have continued to opt more for shopping on the Internet in their pajamas as opposed to running out and getting their shopping done in person. The malls hit their heyday in the 1990s and the U.S. has definitely overbuilt the amount of retail needed per person. The American mall is now fighting for its life. A typical large mall in the mid-1990s entailed 142 stores spanning about 1.2 million square feet, according to a Wall Street Journal analysis on 458 malls across the states. Many retailers have...
  • U.S. holiday shopping season surging towards a strong finish

    12/21/2017 9:58:56 AM PST · by Oldeconomybuyer · 33 replies
    Reuters ^ | December 21, 2017 | by Nandita Bose
    CHICAGO - A jump in consumer spending in the final stretch of December should build on a strong start to the U.S. holiday season and help the embattled retail industry beat sales forecasts, industry research groups said. The spending boost in December comes ahead of Super Saturday - the last Saturday before Christmas, which often sets the annual record for retail sales and is one of the busiest shopping days of the year along with Black Friday. First Data Corp, which collected data from point-of-sale systems of 1.3 million physical and online retailers, said strong demand for categories like electronics,...
  • Bell Ringer Beaten After Wishing Man ‘Merry Christmas’

    12/21/2017 7:49:25 AM PST · by Red Badger · 55 replies ^ | December 20, 2017 at 10:19 pm | By Jennifer McGraw
    ROSEVILLE (CBS13) — A Salvation Army bell ringer was attacked in front of Walmart for simply spreading holiday cheer. We’ve all heard it; the jingle that means it’s nearly Christmas and ringing in sounds of hope for donations. But not everyone is in the giving spirit. “I greet everybody, 'Merry Christmas,'” said Rev. Jamie Wolfe, Sr. Sadly, those two simple words got this bell ringer knocked out. “He haymakered me, hit me, got me down on the ground and we started wrestling, at that point I’m fighting for my life,” Wolfe Sr. said. The man wasn’t after the kettle money,...
  • Walmart is planning a store without cashiers

    12/21/2017 6:00:08 AM PST · by mykroar · 92 replies ^ | 12/19/2017 | Christopher Matthews
    Walmart's NYC-based innovation center is experimenting with a cashier-less store concept called Project Kepler, which "aims to reimagine the in-store shopping experience with the help of technologies like computer vision," Recode reports. Project Kepler is in part aimed at creating a store that would feature no checkout lines or cashiers, but use computer vision to detect which products customers leave the store with and then charge their accounts accordingly. Why it matters: Amazon is also experimenting without cashiers, while roughly 3.5 million Americans operate cash registers for a living. Recode also reports that Walmart's new start-up subsidiary, called Code 8,...
  • Dollar Tree co-founder Macon Brock dead at 75

    12/15/2017 7:16:07 AM PST · by Red Badger · 39 replies ^ | 12/13/2017 | Staff
    Macon Brock, a retailer who co-founded the Dollar Tree chain of discount stores that grew into a Fortune 500 company, has died. He was 75. News outlets report Brock died Saturday at his home in Virginia Beach. His wife said he died of complications from idiopathic pulmonary fibrosis, a lung disease. Brock was born and raised in Norfolk. In 1986, he and two others opened five stores called “Only $1.00” after having success in the retail toy business. The Chesapeake-based company changed its name to Dollar Tree in 1993. Brock and his wife made donations to colleges across Virginia, and...