Keyword: retail

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  • Amazon Is Causing Catastrophe By Being the Most Disruptive Force in Retail... (tr)

    03/23/2017 12:49:20 PM PDT · by publius911 · 77 replies
    https://www.thestreet.com/ ^ | 3/23/2017 | Lindsay Rittenhouse
    "It's no secret that Amazon (AMZN) is upending retail, with a new bankruptcy filing or store closure announcement coming nearly every day since the beginning of March from traffic starved bricks-and-mortar retailers." "And the digital beast is showing no signs of letting up."
  • Payless [Shoes] Is Said to Be Filing for Bankruptcy as Soon as Next Week

    03/22/2017 6:25:38 AM PDT · by Red Badger · 68 replies
    Bloomberg ^ | March 21, 2017, 4:56 PM CDT | by Lauren Coleman-Lochner and Jodi Xu Klein
    Shoe chain has more than 4,000 locations in 30 countries Payless Inc., the struggling discount shoe chain, is preparing to file for bankruptcy as soon as next week, according to people familiar with the matter. The company is initially planning to close 400 to 500 stores as it reorganizes operations, said the people, who asked not to be identified because the deliberations aren’t public. Payless had originally looked to shutter as many as 1,000 locations, and the number may still be in flux, according to one of the people.
  • Staples Announces Plans to Close 70 More Stores

    03/22/2017 7:08:12 AM PDT · by Red Badger · 87 replies
    ktla.com ^ | Updated at 11:55AM, March 9, 2017 | Staff
    More store closings are coming to Staples. A shopper departs a Staples store September 29, 2005 in Mount Prospect, Illinois. (Credit: Tim Boyle/Getty Images) On Thursday, the office supply store reported a $548 million loss and a 3% drop in sales in the fiscal fourth quarter that ended in January. Those results prompted Staples to say it would close 70 more stores, or 4.5% of its 1,600 remaining locations, during the current fiscal year. It closed 48 stores last year and has shuttered about 350 stores over the last five years. The retailer tried to merge with rival Office Depot,...
  • Sears reveals 'substantial' doubts about future, shares plunge 11%

    03/22/2017 6:40:41 AM PDT · by Hojczyk · 21 replies
    cnbc ^ | March 22,2017 | reuters
    Sears Holdings, once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales. "Our historical operating results indicate substantial doubt exists related to the company's ability to continue as a going concern," Sears said in the annual report for the fiscal year ended Jan. 28. Shares of the retailer were down almost 12 percent in premarket trade on Wednesday. The company said an inability to generate additional liquidity might limit its access to new merchandise or its ability to procure services. Continued operating losses also could restrict...
  • Sears Has ‘Substantial Doubt’ That It Will Stay in Business

    03/22/2017 6:47:54 AM PDT · by Red Badger · 113 replies
    ktla.com ^ | Posted 5:45 AM, March 22, 2017 | Staff
    After years of huge losses and store closings, the future is officially in doubt for Sears and Kmart. Sears Holdings, the holding company for the two iconic retail brands, warned investors late Tuesday that it can’t promise it will stay in business. It included the language in its annual report while insisting it might still turn things around. “Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern,” said the statement. Sears Holdings said it can’t be sure it can raise the cash it needs through loans and debt financing. The...
  • Wawa hiring 5,000 new employees this spring

    03/20/2017 11:15:02 PM PDT · by 2ndDivisionVet · 26 replies
    WPVI-TV ^ | March 16, 2017
    If you are looking for a job and love Hoagiefest, good news - your neighborhood Wawa is hiring. Wawa announced on Thursday plans to hire more than 5,000 new employees during the next three months for its 750 stores. The company is looking to fill customer-service and management level positions. "We are excited to launch our spring hiring campaign to recruit new Wawa associates. As a company, part of fulfilling lives means adding jobs for new associates, while also providing advancement opportunities for the more than 30,000 Wawa associates who are part of our team," Dave Filano, Manager of Talent...
  • Ivanka Trump's Brand Is Actually Selling Like Crazy Right Now

    03/11/2017 2:05:12 PM PST · by 2ndDivisionVet · 17 replies
    Glamour Magazine ^ | March 11, 2017 | Krystin Arneson
    News about Ivanka Trump's label—who's dropped it, who's still selling it, who's boycotting it—has made pretty consistent appearances in headlines during the past few months. In early February, Nordstrom and Neiman Marcus dropped her line; about a week later, Kellyanne Conway, adviser to President Donald Trump, gave it a shoutout on Fox News and encouraged viewers to "go buy Ivanka's stuff." “Go buy Ivanka’s stuff is what I would tell you,” Conway said. “I’m going to give a free commercial here. Go buy it today, everybody.” We're not saying Conway's very possibly illegal public endorsement worked—it made a lot of...
  • Won't Be Buying Anything from Bed, Bath and Beyond

    03/09/2017 5:36:51 PM PST · by AbolishCSEU · 102 replies
    Just got a glance of the latest Bed, Bath and Beyond catalogue. Ellen DeGeneres made the front cover.
  • Neiman Marcus is selling Ivanka Trump's brand again

    03/09/2017 5:10:02 PM PST · by ameribbean expat · 26 replies
    Shannon Coulter, the originator of the anti-Trump #GrabYourWallet boycott movement, posted on Twitter on Wednesday that two new Trump brand items had surfaced on the retailer's website.
  • Ivanka Trump clothing line reports record sales

    03/08/2017 6:17:07 AM PST · by ctpsb · 18 replies
    The Hill ^ | 03/07/2017 | Judy Kurtz
    "Ivanka Trump’s eponymous women’s fashion line is reporting record sales figures despite calls for a boycott and controversies surrounding President Trump. “Since the beginning of February, they were some of the best performing weeks in the history of the brand,” Abigail Klem, the president of the Ivanka Trump fashion brand, tells Refinery29 in an interview published Tuesday."
  • Why these women stopped buying Ivanka Trump’s stuff (barf alert)

    03/01/2017 4:51:00 AM PST · by simpson96 · 27 replies
    CNN Wire Service ^ | 2/28/2017 | Staff
    NEW YORK — Five years ago, Carolyn Handley walked down the aisle wearing Ivanka Trump shoes in the Trump International Hotel in Chicago. At that point, and until last year, Handley would have called herself a fan of the Trump brands. “I thought the hotels were great. I thought her clothing line was well designed and well thought out,” said Handley, a Republican who voted for Hillary Clinton for president. At one point she counted almost two dozen Ivanka Trump items in her closet, including about 10 pairs of shoes and three purses. In the fall, she got rid of...
  • Target's shares plunge as sales and earnings fall short in the holiday quarter

    02/28/2017 4:16:18 AM PST · by simpson96 · 47 replies
    CBNC ^ | 2/28/2017 | Krystina Gustafson
    Target reported sales and earnings that missed Wall Street's expectations on Tuesday, in what was a disappointing holiday quarter for the big-box retailer. At the same time, the retailer issued an outlook for fiscal year 2017 that fell well short of analysts' expectations. Here's how the company did: —EPS: $1.45 per share, excluding items, versus $1.51 per share expected by Thomson Reuters analysts' consensus. —Revenue: $20.69 billion versus $20.7 billion expected by Thomson Reuters. —Same-store sales: A decline of 1.5 percent versus the 1.4 percent decline expected by FactSet. A year earlier, Target earned $1.52 a share on $21.6 billion...
  • A Trump voter’s message to retailers: ‘Keep your mouths shut about our president’

    02/26/2017 4:08:37 PM PST · by 2ndDivisionVet · 24 replies
    The Washington Post ^ | February 25, 2017 | Abha Bhattarai
    Mary Carson picks up her leopard-print tote bag and tugs on her leopard-print scarf. “I’m just going to do a little bit of business,” the 77-year-old says as she walks into Neiman Marcus at the Tysons Galleria in Northern Virginia and asks for the manager. He appears in a pinstripe suit and shakes her hand. “I’m very disappointed in what’s happened with the Trump line,” she tells him. “I hate to do this — I’m not a real activist — but I learned a long, long time ago that you cannot mix business and politics.” The manager listens patiently. Carson,...
  • J.C. Penney to close 13 to 14 percent of stores

    02/24/2017 5:52:27 AM PST · by oh8eleven · 44 replies
    AP via Star Tribune ^ | 24 February 2017 | ANNE D'INNOCENZIO
    NEW YORK — J.C. Penney said Friday that it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in the era of online shopping. The closures represent about 13 percent to 14 percent of the department store operator's current store count, and less than 5 percent of total annual sales. The company said that it would also initiate a voluntary early retirement program for about 6,000 eligible employees.
  • Filipino food chain Jollibee draws crowd in Winnipeg

    02/24/2017 12:33:49 AM PST · by 2ndDivisionVet · 21 replies
    Western Investor ^ | February 21, 2017
    Hundreds of Winnipeggers braved -27 C temperatures for the early-morning opening of Canada’s first Jollibee restaurant in mid-December 2016. The Filipino food service franchise said 500 people were lined up by the time the restaurant opened at 7:30 a.m. Jollibee is the ninth-largest fast-food company in the world with more than 3,000 stores, and is considered the McDonald’s of the Phillipines. It is best known for its pineapple-topped hamburgers, Chickenjoy fried chicken and Jolly spaghetti. Winnipeg was chosen as the first Canada location because it has the largest population of Filipinos, per capita, in the country. “We are very encouraged...
  • Ivanka Trump’s Fashion Line Is Becoming a Casualty of Her Father’s Presidency

    02/08/2017 4:04:22 AM PST · by Truth29 · 55 replies
    The Washingtonian ^ | February 5, 2017 | Hayley Garrison Phillips
    Getting dumped by Nordstrom, which helped Ivanka launch her brand in 2011, bodes even worse for the first daughter’s business. This isn’t a singular designer making a personal political statement, it’s a commercial giant slowly backing away from a name it thinks might be bad for business. Neiman Marcus followed suit Friday when it pulled Ivanka Trump’s jewelry collection. Whether those actions are the result of a real lag in sales or are publicity-based decisions, if two major retailers are dropping her brand, others—including Bloomingdale’s, Lord & Taylor, Macy’s, Zappos, and Amazon—now have precedent to follow. And even if Nordstrom...
  • Ivanka Trump Brand Shoots to #1 On Amazon (#BuyIvanka!! outselling J-Lo, SJP and Britney)

    02/17/2017 11:11:57 AM PST · by drewh · 19 replies
    Western Journalism ^ | February 17, 2017 at 10:11am | Randy Desoto
    Ivanka Trump’s line shot to the top of Amazon’s bestseller’s list, as the first daughter faces boycott efforts by liberals and supporters counter with a #buyivanka campaign. In a widely publicized move, Nordstrom department store announced earlier this month it was dropping Ivanka Trump’s clothing line, which many online praised as a victory in the #GrabYourWallet campaign orchestrated to get consumers to stop buying Trump branded products. Apparently the effort is not working or is having a counter reaction online at Amazon. Ivanka Trump’s perfume is now a #1 Bestseller on Amazon. It is outselling Jennifer Lopez’s scent, as well...
  • McDonald's chains shutter across US in support of 'A Day Without Immigrants' protest

    02/17/2017 1:19:33 AM PST · by 2ndDivisionVet · 61 replies
    CNBC ^ | February 16, 2017 | Sarah Whitten
    Mom-and-pop shops aren't the only ones closing their doors to support immigrants as part of the "A Day Without Immigrants" protests. Several McDonald's locations have also shuttered for the day. The nationwide event is a combination of a protest and a strike. It is in response to President Donald Trump's immigration agenda, which has included a pledge to build a wall along the Mexican border and enact a travel ban on citizens of seven majority-Muslim countries. "The purpose of the protest is to show just how disruptive immigration changes by the government could impact consumers' everyday life," Darren Tristano, president...
  • Suburban Women Ditch Nordstroms and go on Cash-Waving Rampage at Dillards to Support Ivanka Trump

    02/16/2017 3:10:47 PM PST · by drewh · 55 replies
    Business Insider ^ | 1 hour ago | Kate Taylor
    A viral video shows a group of women storming into a Nordstrom to cancel their accounts in response to the retailer's decision to stop selling Ivanka Trump's fashion brand, promising to shop at Dillard's instead. Laurie Ray posted a video on Facebook of herself and seven other women — some wearing shirts with photos of President Donald Trump that say "Haters Gonna Hate" — walking into Nordstroms in Chandler, Arizona, with handfuls of cash to cancel their accounts. "I've been shopping at Nordstrom for 30 years," one woman in the video says, speaking into a telephone. "Because of your decision...
  • Retail CEOs Praise President Trump after White House Meeting

    02/15/2017 1:00:53 PM PST · by Enlightened1 · 9 replies
    GP ^ | 02/15/17 | Jim Hoft
    Amazing! President Trump met with several CEOs from retail giants including Target, JC Penney and Auto Zone.   President Trump told the retail leaders that his proposed tax cuts will help their industry. The group included  Target CEO Brian Cornell, Best Buy CEO Hubert Joly, GAP CEO Art Peck and Autozone CEO William Rhodes.   After the meeting Autozone CEO Ben Rhodes spoke to the press praising President Trump for taking time out to meet with the retail giants who hire 42 million Americans.   https://www.youtube.com/watch?v=jhtN4KLes8w  
  • German grocery chain Lidl known for its rock bottom prices opens prototype store in Virginia [tr]

    02/15/2017 11:04:00 AM PST · by C19fan · 39 replies
    UK Daily Mail ^ | February 15, 2017 | Staff
    The no-frills supermarket chain Lidl which has forced competitors to lower their prices in each of the European markets the company has entered is opening its first wave of stores in the U.S. this summer, months ahead of schedule. The German chain has plans to open up to 100 stores along the East Coast within a year.
  • Burlington is the latest retailer to drop Ivanka Trump's brand online

    02/13/2017 10:12:24 AM PST · by bryan999 · 62 replies
    The discount retailer Burlington Coat Factory no longer sells products from Ivanka Trump's brand online. As of Friday, the retailer's website doesn't show a stock of Ivanka Trump accessories and clothing. The change comes amid news of several retailers dropping the first daughter's line in the last two weeks, including Nordstrom, Neiman Marcus, and Gilt. Burlington was selling 13 items from Ivanka's fashion line as of Tuesday, according to Shannon Coulter, the brand strategist who started the #GrabYourWallet boycott of Trump products. Since October, Coulter has charted which retailers do business with the Trump family on the Grab Your Wallet...
  • Sears, Kmart join other retailers in dropping Trump-branded items

    The list of companies dropping products that carry the Trump name grew this weekend, with two major U.S. retailers announcing that they’re no longer selling Trump Home items online. Reuters reported Saturday that Sears Holdings and subsidiary Kmart will discontinue online sales of 31 items from the Trump Home collection, which includes lines of living room and bedroom furniture, lamps and chandeliers.
  • Ivanka Trump Sales Increasing

    02/12/2017 6:22:04 PM PST · by markomalley · 25 replies
    Canada Free Press ^ | 2/12/17 | Douglas V. Gibbs
    The whole mess about Ivanka Trump’s clothing line, shoe sales, and other accessories, is not about retail sales or whether or not the daughter of President Trump has a product capable of performing in the current market.  Sure, Kellyanne Conway should not have plugged Ivanka’s products. She holds an official government position, and she’s not supposed to promote any product on the market, but she’s new at this, she now knows about the ethics questions that have arisen (the Trump administration says she has been “counseled” on the issue), and she now realizes (though I think she already knew...
  • Sears, Kmart drop 31 Trump Home items from their online shops

    02/11/2017 12:23:52 PM PST · by usafa92 · 139 replies
    Reuters ^ | 2/11/2017 | Jon Herskovitz
    Major U.S. retailers Sears and Kmart this week removed 31 Trump Home items from their online product offerings to focus on more profitable items, a spokesman said on Saturday. The decision follows retailer Nordstrom Inc's announcement this week it had decided to stop carrying Ivanka Trump's apparel because of declining sales, prompting President Donald Trump to take to Twitter to defend his daughter. White House spokesman Sean Spicer characterized the Nordstrom move as a "direct attack" on the president's policies. Neither Sears nor Kmart carried the Trump Home products in their retail stores, a Sears Holdings Corp spokesman said. Kmart...
  • Ivanka should be role model but Hillary’s hateful losers are so bitter they'll stoop to ANYTHING

    02/09/2017 7:03:46 PM PST · by 2ndDivisionVet · 15 replies
    The London Daily Mail ^ | February 9, 2017 | Piers Morgan
    Six weeks ago, Ivanka Trump was sitting with her husband and their three young children aboard a commercial JetBlue flight departing from JFK airport. Another passenger, Brooklyn employment attorney Daniel Goldstein, approached her and began screaming taunts. ‘Your father is ruining the country!’ he bellowed, as he held his own baby in his owns. Then he screamed at JetBlue staff. ‘Why is she on our flight? She should be flying private!’ Goldstein’s husband, a Hunter College professor named Matthew Lasner, tweeted gleefully from the plane seconds before the incident: ‘Ivanka and Jared at JFK T5, flying commercial. My husband chasing...
  • Trump’s Nordstrom blast retweeted by @POTUS

    02/09/2017 4:38:01 AM PST · by where's_the_Outrage? · 24 replies
    Fox 8 ^ | February 9, 2017 | CNNWIRE
    WASHINGTON, DC — President Trump tweeted a jab at Nordstrom department stores from his personal account Wednesday morning, which was then retweeted by the official @POTUS account. @POTUS, the official Twitter account for the president, had so far been reserved for government issues. The Trump tweet blasted Nordstrom for treating his daughter Ivanka “so unfairly” by discontinuing her fashion line. Nordstrom announced last week that it would no longer carry Ivanka Trump’s line of clothing and accessories. The president went on Twitter to defend his daughter — who is also a close White House adviser. “My daughter Ivanka has been...
  • Progressives, Nordstrom, And The Moronic Crusade Against Ivanka Trump

    02/09/2017 5:02:00 AM PST · by Kaslin · 43 replies
    Townhall.com ^ | February 9, 2017 | Katie Pavlich
    Earlier this week Nordstrom announced the retail giant will no longer sell Ivanka Trump brand products in stores, severing the previously held business relationship. Belk, Jet, ShopStyle and Home Shopping Network all followed suit. In response to the move, President Donald Trump tweeted about the situation. “My daughter Ivanka has been treated so unfairly by @Nordstrom. She is a great person -- always pushing me to do the right thing! Terrible!” While it’s certainly highly inappropriate for President Trump to go after a private company on issues of family business now that he’s in the Oval Office, he isn't...
  • TJ Maxx throws away signs advertising Ivanka Trump merchandise

    02/08/2017 1:38:46 PM PST · by Pinkbell · 59 replies
    The Hill ^ | February 8, 2017 | Brooke Seipel
    Employees at T.J. Maxx and Marshalls were instructed to trash any signs advertising merchandise from Ivanka Trump's retail brand, The New York Times reported Wednesday. According to the Times, employees at the two sister stores were told to throw away Ivanka Trump signs and move her products from individual display areas to shelves mixed with other brands.   “Effective immediately, please remove all Ivanka Trump merchandise from features and mix into the runs,” read a note to workers obtained by The New York Times. “All Ivanka Trump signs should be discarded." “Runs” refers to the other clothing racks where the majority of...
  • Ivanka Trump’s Clothing Line Disappears From A Growing List Of Stores

    02/08/2017 1:03:31 PM PST · by 2ndDivisionVet · 32 replies
    Buzzfeed ^ | February 8, 2017 | Julia Reinstein
    Amid growing pressure for stores to drop the first daughter’s brand, it is no longer being sold at Nordstrom, Neiman Marcus, Belk, Jet, and ShopStyle. Days after Nordstrom and Neiman Marcus announced they would stop selling the Ivanka Trump collection due to lagging sales, the brand is disappearing from a growing list of retailers. The removal of the first daughter’s brand from multiple retailers follows the widespread #GrabYourWallet campaign to boycott businesses the Trump family profits from. Shannon Coulter, founder of #GrabYourWallet, reported the brand’s disappearance from ShopStyle on Tuesday after tracking the amount of Ivanka Trump stock across retailers.(CHART-AT-LINK)...
  • What was 84 Lumber thinking with its Super Bowl ad?

    02/06/2017 1:11:40 PM PST · by BradtotheBone · 75 replies
    The New York Post ^ | February 6, 2017 | Kyle Smith
    Uplifting and patriotic ads are a staple of the Super Bowl, so last night the astonishing cynicism of that 84 Lumber ad really stood out. “Come on, illegal immigrants: Risk your lives, drag yourself across the harshest terrain and endure the most agonizing hardships. We need the cheap labor!” In the 90-second spot for the construction-materials company, a Latino mother and daughter who are apparently sneaking across the southern border of the U.S. rise in the dark, walk along a barbed-wire fence, clamber aboard the boxcar of a moving train and wade across a river. In the full-length, six-minute version,...
  • Now, Macy's is under pressure to drop Ivanka Trump fashion Brand

    02/06/2017 8:00:40 AM PST · by SeekAndFind · 57 replies
    Business Insider ^ | 02/06/2017 | Kate Taylor
    As a movement to boycott businesses that do business with the Trump family heats up, Macy's is under pressure to dump Ivanka Trump's fashion brand. With Nordstrom announcing on Thursday that it had decided to stop selling Ivanka Trump's brand, reportedly due to declining sales, customers have taken to Macy's social media pages to demand the retailer do the same. "Nordstrom dumped Trump, please follow suit," reads one of many similar comments on Macy's Facebook page. "I would never put plastic Ivanka Trump boots on my little daughter." @Macys I have cc for 15 yrs & spent 1000s. I will...
  • 84 Lumber Suits Up for Super Bowl With Controversial Ad Buy

    02/03/2017 2:52:36 PM PST · by Timpanagos1 · 98 replies
    LBM Journal ^ | 2/3/17 | James Anderson
    Keep an eye on your TV just before halftime of Sunday’s Super Bowl matchup between the Falcons and Patriots. That’s when 84 Lumber will air the following ad: This isn’t the original version of the ad. For that, you’ll have to see 84 Lumber’s website during halftime of the big game. When 84 Lumber and their agency partner, Brunner, submitted the ad to Fox for airing during the Super Bowl it was deemed too controversial. 84 Lumber’s president and owner Maggie Hardy Magerko talked to the New York Times about the situation. “I still can’t even understand why it was...
  • Nordstrom drops Ivanka Trump-branded clothing and shoes

    02/03/2017 10:47:25 AM PST · by ColdOne · 57 replies
    msn.com ^ | 2/3/17 | David A. Fahrenthold, Sarah Halzack/WaPo
    Nordstrom will stop selling Ivanka Trump’s name-branded line of clothing and shoes, a company representative said Thursday. The change followed a weeks-long boycott campaign, organized by an anti-Trump activist group called “Grab Your Wallet.” The group demanded the department-store giant cease doing business with the president or his family. In a statement, the Nordstrom representative said that Ivanka Trump products were being dropped because of poor sales. Its statement did not mention the group’s boycott effort.
  • Nordstrom drops Ivanka Trumps clothing line & accessories

    02/03/2017 8:32:30 AM PST · by ajk23az · 48 replies
    Fox News ^ | 2/3/17
    Nordstrom will no longer sell Ivanka Trump's clothing and accessories, the company announced Thursday. The Seattle-based department store chain said the decision was based on the sales performance of the first daughter's brand, The Seattle Times reported. The move comes amid a weekslong campaign known as "Grab Your Wallet," which has been calling for a boycott of retailers that carry Ivanka Trump or Donald Trump merchandise. In November, Nordstrom posted a response on Twitter to a shopper's letter calling for the company to stop selling the brand, saying, "We hope that offering a vendor's products isn't misunderstood as us taking...
  • Macy's 'customer perception' reaches lowest point in nearly a decade

    02/03/2017 5:53:07 AM PST · by SoFloFreeper · 44 replies
    KETV-TV ^ | 2/3/17 | Abigail Elise
    .....Macy's, which is owned by Cincinnati-based holding company Macy's, Inc., reached its lowest "consumer perception score" in nearly a decade in the middle of January, following a dramatic drop right after New Year's Day....only 20 percent of consumers said they would consider shopping at the department store - down two percent from just two weeks earlier.
  • Wal-Mart to start selling cars in Houston, Dallas

    01/25/2017 8:10:42 PM PST · by 2ndDivisionVet · 15 replies
    The Houston Chronicle ^ | January 24, 2017 | Ileana Najarro
    Wal-Mart has partnered with online car retailer, CarSaver to start selling cars at Supercenter locations in Houston, Dallas, Phoenix and Oklahoma City. Beginning April 1, Carsaver staff will be in 25 Wal-Mart Supercenters helping customers select a new, used or certified pre-owned vehicle and apply for financing and auto insurance on kiosks. Customers will be directed to make an appointment with a local certified dealer for final sale. Sixteen AutoNation stores in Houston, Dallas and Phoenix have already lined up to participate in the program. The model was first tested in Florida last year with nearly 80 percent of dealership...
  • Amazon is going to kill more American jobs than China did

    01/23/2017 3:36:10 PM PST · by Lorianne · 136 replies
    Market Watch ^ | 20 January 2016 | Rex Nutting
    Millions of retail jobs are threatened as Amazon’s share of online purchases keeps climbing ___ Amazon.com has been crowing about its plans to create 100,000 American jobs in the next year, but as with other recent job-creation announcements, that figure is meaningless without context. What Amazon won’t tell us is that every job created at Amazon destroys one or two or three others. What Jeff Bezos doesn’t want you to know is that Amazon is going to destroy more American jobs than China ever did. Amazon has revolutionized the way Americans consume. Those who want to shop for everything from...
  • Wal-Mart Boards the Trump Train, Will Invest $6.8 Billion and Create 10K Jobs

    01/18/2017 10:55:03 AM PST · by UMCRevMom@aol.com · 26 replies
    Townhall ^ | Jan 17, 2017 4:13 PM | Justin Holcomb
    Walmart has announced that it will invest $6.8 billion in the United States and create 10,000 more jobs for Americans in stores and e-commerce, a strong response to the victory of President-elect Donald Trump. The investment will create 59 new or relocated Walmart and Sam’s Club stores throughout the country which will in return create an estimated 24,000 construction jobs, the company said in a statement. “With a presence in thousands of communities and a vast supplier network, we know we play an important role in supporting and creating American jobs,” said Dan Bartlett, Walmart executive vice president for corporate...
  • Target lowers 4Q profit and sales outlook

    01/18/2017 5:32:53 AM PST · by Olog-hai · 22 replies
    Associated Press ^ | Jan 18, 2017 7:30 AM EST | Anne D’Innocenzio
    Target is lowering its fourth-quarter profit and sales outlook after the discounter says it had sluggish holiday sales and traffic in its stores that offset a surging online business. Target says revenue at stores opened at least a year for the November and December period were down 1.3 percent. The company now says that the key barometer for a retailer’s health will decline 1 percent to 1.5 percent in the quarter, compared to guidance of down 1 percent to up 1 percent. …
  • Women's apparel retailer Limited Stores files for bankruptcy

    01/17/2017 2:23:44 PM PST · by 2ndDivisionVet · 28 replies
    Reuters ^ | January 17, 2017 | Arathy S. Nair and Tom Hals
    U.S. women's apparel chain The Limited filed for Chapter 11 bankruptcy protection on Tuesday after closing all 250 stores, the latest brick-and-mortar retailer to fall victim to changing tastes and online competitors. The retailer that began as a single store more than 50 years ago blamed declining mall traffic, falling sales, expensive leases and the shift toward online shopping. Retailers filing for bankruptcy in the past year include Aeropostale Inc (AROPQ.PK), Pacific Sunwear of California Inc (PSUN.MU), Sports Authority, Vestis Retail Group and American Apparel. In addition, department store chains such as Sears Holdings Corp (SHLD.O) and Macy's Inc (M.N)...
  • Wal-Mart to add about 10,000 retail jobs in the US

    01/17/2017 1:43:34 PM PST · by 2ndDivisionVet · 9 replies
    CNBC ^ | January 17, 2017 | The Associated Press
    Wal-Mart plans to add about 10,000 retail jobs in the U.S. as it opens new stores and expands existing locations. The world's biggest retailer said Tuesday that there will also be about 24,000 construction jobs as well. Wal-Mart Stores says there will be 59 new, expanded and relocated Walmart and Sam's Clubs facilities....
  • Wal-Mart Reorganizes To Compete With Amazon (Targeting Food Stamp recipients)

    01/14/2017 10:10:15 PM PST · by 2ndDivisionVet · 37 replies
    Korea Portal ^ | January 14, 2017 | Hayden Thomas
    Wal-Mart is reorganizing its e-commerce team and upgrading executives from its recent Jet.com acquisition to compete with Amazon with higher selectivity and lower prices. The changes are aimed at making Wal-Mart more customer-focused, Jet founder Marc Lore, who is now the Executive Chairman of Wal-Mart's e-commerce operation, said on Friday in a memo Bloomberg had access. Wal-Mart bought Jet in September for about $ 3.3 billion and is appealing to the startup to push for an online operation that has lagged behind Amazon. "We've talked a lot about becoming a more customer-centric organization," Lore said. "Our strategy is to offer...
  • Walmart Swings Its Axe Again and Will Now Slash 1,000 Corporate Jobs

    01/11/2017 11:39:27 AM PST · by aquila48 · 27 replies
    The Street ^ | Jan 11, 2017 | Lindsay Rittenhouse
    Walmart (WMT) , the country's largest private employer, plans to eliminate roughly 1,000 corporate jobs as it looks to boost its e-commerce business and trim costs. The jobs, mainly in the human resources department, will be cut before Jan. 31, as a result of increased e-commerce spending and rising employee wages, an anonymous executive told the Wall Street Journal. When contacted by TheStreet, Walmart declined in an email to comment on the job cuts but said the company has "not made any announcements" on its current corporate structure, adding "... we are always looking for ways to operate more efficiently...
  • LL Bean on defensive after Linda Bean’s political donation

    01/10/2017 1:50:58 AM PST · by Jim Noble · 52 replies
    Boston Globe ^ | January 9, 2017 | AP
    L.L. Bean likes to stay out of politics, but a donation by a member of the Bean family is putting the retailer on the defensive. The Maine-based company issued a statement late Sunday after being targeted for boycott for alleged ties to Republican President-elect Donald Trump. The founders of the hashtag #GrabYourWallet included Bean on the list after The Associated Press reported that L.L. Bean’s granddaughter, Linda Bean, contributed $60,000 to a political action committee supporting Trump. The donation exceeded the PAC’s contribution limit...
  • The Limited Is Closing All 250 of Its Stores

    01/09/2017 7:45:26 AM PST · by C19fan · 42 replies
    Fortune ^ | January 9, 2016 | Phil Wahba
    And another bites the dust. Women's apparel chain The Limited on Sunday began closing all 250 of its stores across the United States and is slashing 4,000 jobs, the latest casualty of shopping's move online and the growth of fast fashion chains.
  • Sears, Other Retailers Reel From Gales Of 'Creative Destruction'

    01/09/2017 2:58:45 AM PST · by expat_panama · 92 replies
    Investors Business Daily ^ | 1/05/2017 | TERRY JONES
    Sears. Macy's. Kohl's. Traditional department store retailers have taken hard hits over the Christmas holidays, with sales lagging the generally robust performance of retailers overall. Now, these mall stalwarts are slashing thousands of jobs and hundreds of stores, trying to right-size themselves. It's no coincidence. Sears on Thursday became the latest retailer to announce that it was restructuring... ...Macy's is letting 10,000 people go. And Kohl's warned about its decline in sales over the holidays. Analysts expect Kohl's to announce cuts. A few years back, it was discounter Wal-Mart, the biggest retailer on earth, announcing it was closing 100 stores....
  • Hard Times for Retail Stores: Obama's Fault, not Amazon's

    01/06/2017 1:19:13 PM PST · by jfd1776 · 30 replies
    Illinois Review ^ | January 6, 2017 A.D. | John F. Di Leo
    Reflections on the future of retail… As the new year began, right in the midst of outgoing Resident Barack Obama’s ever-more-urgent pleas for a “legacy,” two announcements hit the news: the family of Sears and K-Mart will close yet another 109 K-Marts and another 41 Sears’ stores in 2017, and Macy’s will close another 68 of theirs. It was to be expected, of course. The analysts say that these stores are of an old breed that hasn’t kept up; they still use brick and mortar, unlike the darlings of the new age of retail, Amazon and Etsy et al, which...
  • Macy's to close stores, cut jobs amid weak sales

    01/04/2017 5:08:21 PM PST · by Olog-hai · 73 replies
    Associated Press ^ | Jan 4, 2017 7:40 PM EST | Sarah Skidmore Sell
    Macy’s says it is eliminating more than 10,000 jobs and plans to move forward with 68 store closures after a disappointing holiday shopping season. The department store chain also lowered its full-year earnings forecast. The retailer said Wednesday that sales at its established stores fell 2.1 percent in November and December compared to the same period last year. Macy’s Inc. pointed to changing consumer behavior and said its performance reflects the challenges that are facing much of the retail industry. As if to underscore that point, Kohl’s Corp. also reported disappointing holiday shopping numbers Wednesday. …
  • The hidden cost of made-in-America retail bargains

    01/03/2017 8:27:44 AM PST · by SeekAndFind · 52 replies
    Washington Post ^ | 01/02/2016 | Chico Harlan
    LOS ANGELES -- He had spent his latest 45-hour workweek hunched over a sewing machine, attaching labels and stitching collars and tightening black and gold blouses that would soon sell at bargain prices at a popular retailer. But now it was Saturday afternoon, paycheck time, when Pedro felt the full sting of that bargain: It was his own salary that helped keep the prices down for consumers. His manager gathered the 30-some workers from their stations in the unmarked brick building and passed out payslips. For the week, he said, he’d been paid $225. Or $5 per hour. “There’s nothing...