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Keyword: retail

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  • Amazon is launching a new delivery program and hiring thousands of drivers, with a warning...

    11/12/2018 2:13:20 AM PST · by 2ndDivisionVet · 50 replies
    Business Insider ^ | November 5, 2018 | Hayley Peterson
    Amazon is hiring its own fleet of full-time drivers to deliver packages to Prime customers. Amazon will manage these drivers directly, meaning the company will set their wages, provide them delivery vehicles, and schedule their routes. Amazon has previously relied on delivery services provided by UPS, FedEx, and the US Postal Service, as well as contractors employed through its Flex delivery program and third-party courier companies it calls delivery service partners. At a recent Amazon training for the new program, drivers were told the company "didn't want people peeing in bottles," a source told Business Insider. Amazon is launching a...
  • QuikTrip hiring 'hybrid employees' who can work while armed to deter crime, keep customers safe

    11/11/2018 1:30:32 PM PST · by 2ndDivisionVet · 24 replies
    The Tulsa World ^ | November 9, 2018 | Anna Codutti, breaking news editor
    Off-duty police officers and security guards are common sights at many QuikTrips, but soon the company hopes to hire “hybrid employees” who can work at the convenience store while armed to deter crime and help customers feel safe. QuikTrip spokesman Mike Thornbrugh said the need for increased security is a result of the high volume of crimes reported at QT locations. “We have a lot of stores, and not just Tulsa, where we have had and still will have off-duty police officers helping out, and a lot have full-time outside security,” he said. “I wish we didn’t have to, but...
  • Sears: Death of an American icon

    10/17/2018 8:34:54 PM PDT · by conservative98 · 48 replies
    NY Post ^ | October 15, 2018
    1983. Mannequins are shown as Sears unveils its "Store of the Future."
  • Elizabeth Warren goes to bat for Toys R Us workers

    10/17/2018 11:37:04 AM PDT · by Oldeconomybuyer · 54 replies
    CBS "News" ^ | October 17, 2018 | By KATE GIBSON
    Tens of thousands workers laid off when Toys R Us went bust last year have a politically powerful new ally in their fight to win severance from the bankrupt retailer: Sen. Elizabeth Warren. The Massachusetts Democrat, who is rumored to be weighing a run for the White House in 2020, is pressing the financial firms behind the decision to liquidate Toys R Us to contribute to a fund for affected employees. "The liquidation of Toys R Us -- reportedly at the urging of your firm -- caused more than 30,000 American workers to lose their jobs without the severance they...
  • Which Sears Stores Are Closing? Here's the Full List as Sears Files for Bankruptcy [& K-Mart]

    10/16/2018 6:57:47 AM PDT · by Red Badger · 35 replies
    time.com ^ | Updated: October 15, 2018 1:35 PM ET | Brad Tuttle
    The long-predicted Sears bankruptcy is finally here. On Monday, Sears Holdings announced it is filing for Chapter 11 bankruptcy in an attempt to restructure the company and save the troubled retailer from oblivion. Shoppers can expect more Sears store closures, as well as liquidation sales, in brick-and-mortar locations around the country: Sears, which owns its flagship brand and Kmart, says it will be closing an additional 142 stores by the end of the year. Which Sears Stores Are Closing?
  • Sears Is Dead — Long Live Sears!; The Bankruptcy of Sears Shows the Vibrancy of Capitalism

    10/16/2018 6:49:06 AM PDT · by SeekAndFind · 39 replies
    IBD ^ | 10/15/2018
    Sears, RIP: Bowing to the inevitable, Sears' owners on Monday filed for Chapter 11 bankruptcy. Yes, it's a sad day for the 126-year-old company. But it's not a tragic story, for it underscores the underlying vibrancy, innovation and creativity of American capitalism. Monday's filing came as Sears faced a deadline for payment of $134 million on its debt. It didn't have the money, so it filed for protection from its creditors. Eddie Lampert — the largest shareholder in the company, with nearly half its shares — stepped down as CEO. By the end of this year, Sears will be a...
  • Sears, the store that changed America, declares bankruptcy

    10/15/2018 7:50:59 AM PDT · by Borges · 97 replies
    CNN ^ | 10/15/2018 | Chris Isidore
    Sears was once the nation's largest retailer and its largest employer. In its heyday, it was both the Walmart and Amazon of its time. Formed in 1886 by railroad station agent Richard Sears, the company started as a watch business in North Redwood, Minnesota. Sears moved to Chicago in 1887, and he hired watchmaker Alvah Roebuck as his partner. The first Sears Roebuck catalog, which sold watches and jewelry, was printed in 1896. The Sears catalog was the way many Americans first started to buy mass-produced goods. That was an enormous shift for people who lived on farms and in...
  • Sears files for bankruptcy protection; Eddie Lampert steps down as CEO

    10/15/2018 4:31:14 AM PDT · by DCBryan1 · 67 replies
    CNBC ^ | 15 OCT 18 | Lauren Hirsch | Lauren Thomas
    Sears Holdings filed for bankruptcy protection early Monday after years of staying afloat through financial maneuvering and relying on billions of CEO Eddie Lampert's own money. The company also announced that Lampert will be stepping down as CEO, effective immediately, although he remains its chairman. The 125-year-old retailer, once the nation's largest, said Monday it was appointing Mohsin Meghji, managing partner of M-III Partners, as its chief restructuring officer. As part of the bankruptcy, Sears will shutter 142 stores toward the end of the year. It expects to begin liquidation sales shortly. The bankruptcy filing comes more than a decade...
  • Sears aims to close up to 150 stores in bankruptcy, sources say

    10/12/2018 9:51:15 PM PDT · by robowombat · 87 replies
    Al Rooters ^ | Oct 11, 2018
    Source: Reuters Sears is planning to close up to 150 of its department and discount stores and keep at least 300 open as part of a plan to restructure under U.S. bankruptcy protection, people familiar with the matter said Friday. The plans, which remained in flux Friday afternoon, would leave the fate of Sears' remaining roughly 250 stores uncertain, the sources said. The future of the stores could hinge on Sears' negotiations with landlords over their leases.
  • Sears Hires Advisers to Prepare Bankruptcy Filing

    10/09/2018 7:18:17 PM PDT · by rdl6989 · 76 replies
    wsj.com ^ | Oct. 9, 2018 | Suzanne Kapner, Lillian Rizzo and Soma Biswas Biswas
    Sears Holdings Corp. SHLD -5.99% has hired M-III Partners LLC to prepare a bankruptcy filing that could come as soon as this week, according to people familiar with the situation, as the cash-strapped company that once dominated American retailing faces a debt payment deadline.
  • Cultivating C-Store Careers

    09/11/2018 8:05:55 PM PDT · by 2ndDivisionVet · 9 replies
    Convenience Store Decisions ^ | August 17, 2018 | David Bennett, Senior Editor
    The newest addition to Yesway, industry veteran Derek Gaskins is part of a growing number of senior leaders who are switching from other convenience retailers or other industries. Count Derek Gaskins among the deepening pool of senior professionals who are finding new niches in the convenience store industry. As the new senior vice president of merchandising and procurement for BW Gas & Convenience, d/b/a Yesway, headquartered in Des Moines, Iowa, Gaskins acknowledges that he brings a wealth of experience and industry knowledge to the newly created role. He also reflects a growing number of senior leaders who are either transitioning...
  • Store in Chapel Hills Mall clearing out Nike merch in protest of Kaepernick ad

    09/05/2018 7:19:34 PM PDT · by 11th_VA · 32 replies
    KRDO ^ | Sept 5, 2018 | Andrew McMillian and Alexis Dominiquez
    COLORADO SPRINGS, Colo. - Colin Kaepernick sparked a nationwide debate when he took a knee during the National Anthem ahead of NFL games in protest of police brutality, but a store in a Colorado Springs mall is making a stand against Nike after the company picked Kaepernick as the face of its newest ad campaign. Prime Time Sports in the Chapel Hills Mall has a large sign festooned on the window saying "All Nike 1/2 Price" and "Still Choosing to Stand, Just Doing It." Prime Time Sports has been owned by Stephen Martin for 21 years, and he realizes he...
  • Dick’s Sales Drop After Dissing Second Amendment Supporters

    09/04/2018 5:01:18 AM PDT · by marktwain · 42 replies
    Ammoland ^ | 30 August, 2018 | Dean Weingarten
    Dick's Sporting Goods is reaping the results of entering politics as a corporate entity. The purpose of public corporations is to make money for their stockholders. Fortunately, over half of Americans own stock. If you want some corporate profits, add stocks or an index fund to your 401k or other retirement accounts.When corporations move away from their basic purpose, and into the political realm, they cannot help by alienate some potential customers. When you reduce potential customers, you reduce profits. Dick's Sporting Goods decided to alienate a significant number of potential customers. They decided to take sides in an acrimonious...
  • Dick's Sporting Goods Has a Fever, and the Only Cure is Getting Woker and Going Broker

    08/30/2018 12:06:38 PM PDT · by MountainWalker · 26 replies
    Ace of Spades HQ ^ | 8/30/2018 | Ace of Spades
    The Wall Street Journal notes that Dick's is "bucking" a national trend of retailers making gains in this booming, enyugening Trump-fueled economy, by losing 4% year-to-year among comparable stores. -snip- Many on the right have a completely f*cked-up and ass-backwards way of looking at this fight. They believe it's wrong to pressure private businesses into pushing a political agenda. Well, so far, they're right. But then the next link in their chain of reasoning is If we ourselves don't pressure private businesses to push our political agenda, that means private businesses are free of noxious outside pressure to push a...
  • Dick’s Says Under Armour, New Gun-Sales Policy Dragged on Results

    08/30/2018 2:15:50 AM PDT · by abb · 43 replies
    The Wall Street Journal ^ | August 29, 2018 | Allison Prang
    Dick’s Sporting Goods Inc. DKS -2.17% said weaker sales of Under Armour Inc. apparel and a decision to pull back from the hunting business dragged on the retailer’s latest quarterly results. Comparable-store sales fell 4%, Dick’s said. Not adjusting for the 53rd week last year, the company’s same-store sales declined 1.9%. Dick’s said part of the company’s sales problems were a result of Under Armour’s decision to sell in more stores including Kohl’s. Under Armour declined to comment. Also hurting sales was Dick’s decision to tighten its policy on gun sales after 17 people were killed in a February shooting...
  • 7-Eleven launches first fully-automated stores in South Korea

    08/29/2018 12:09:47 AM PDT · by 2ndDivisionVet · 35 replies
    Retail News Asia ^ | August 29, 2018
    7-Eleven is launching first fully-automated stores 7-Eleven Express in South Korea. Currently under trial, four vending machine-style convenience stores are being operated: two at the headquarters of 7-Eleven in downtown Seoul, one at Lotte E&M in Incheon, and one at the headquarters of Lotte Rent-a-Car in Anyang, Gyeonggi Province. The store is designed as a 10-metre long express train, and consists of five vending machines with 200 products, which are divided into five categories for which there is high consumer demand: drinks, snacks, prepared meals, processed food and non-food products. Consumers can make a purchase by inputting the product number...
  • EXCLUSIVE: Walmart unveils grocery-picking robots in test store

    08/23/2018 6:34:35 PM PDT · by 2ndDivisionVet · 24 replies
    Yahoo! Finance ^ | August 3, 2018 | Julia La Roche
    There could be a future where robots will do most of your grocery shopping for you. And for some Walmart shoppers, that future is getting even closer. Walmart (WMT), the world’s largest seller of groceries, will begin piloting a robotics system for its fast-growing online grocery pickup (OGP) service in one of its stores. The retailer has teamed up with Massachusetts-based Alert Innovation to deploy its Alphabot, a first-of-its-kind technology, in its supercenter store in Salem, New Hampshire just off of Interstate 93. “This is about the evolution of retail,” Alert Innovation CEO John Lert told Yahoo Finance. “So, we...
  • Sears is closing 46 more stores — here's where they are

    08/23/2018 11:58:09 AM PDT · by Responsibility2nd · 102 replies
    Yahoo/CNBC ^ | 08/23/2018 | Lauren Thomas
    The company said this week it is shuttering 46 more stores in November. The locations are spread across the United States (See a full list below.) "We continue to evaluate our network of stores, which is a critical component to our integrated retail transformation, and will make further adjustments as needed," the company said in a statement. Liquidation sales at the 33 Sears stores and 13 Kmarts are expected to begin next week, according to Sears. The company also said that eligible workers will receive severance and be able to apply for openings at other nearby stores. Sears said in...
  • Dubai unveils plans for $2 billion tech-driven mega mall (Largest in the world)

    08/14/2018 9:25:15 PM PDT · by 2ndDivisionVet · 32 replies
    CNN Travel ^ | August 12, 2018 | Selina Julien
    Plans for a sprawling "high-tech-meets-retail" metropolis have been unveiled in Dubai. The mega mall will be the largest leasable retail space in the world, spanning over 100 soccer fields in size. Called Dubai Square, the $2 billion project in the Dubai Creek Harbour development will boast over 8 million square feet of retail space -- more than twice the size of Dubai Mall -- and will also be home to the Middle East's largest Chinatown. Designed as a destination outright, the ground floor will host celebrity performances, concerts and theater shows in a futuristic entertainment arena with 3D projection mapping,...
  • In Amazon's HQ2 search, Dallas has a unique history to bring to the table

    08/05/2018 3:05:48 PM PDT · by 2ndDivisionVet · 22 replies
    The Dallas Morning News ^ | July 7, 2018 | Maria Halkias, Retail Writer
    If Amazon selects Dallas for its second headquarters, it will be adding to the region’s already rich retail DNA. While Dallas-Fort Worth is known for its business diversity, retailing represents a big slice — maybe one it’s not getting much credit for in the ongoing speculation about where the largest online retailer will decide to put its HQ2. When analysts size up the 20 cities that Amazon said it would pick from this year, they have looked at where each stands in regards to affordable housing, tech talent, quality of life and other measures Amazon says it’s looking for. That...