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99%  
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Keyword: retail

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  • Walmart, Target join call for 'Dreamer' legislation

    09/20/2017 2:24:16 PM PDT · by Oldeconomybuyer · 32 replies
    Reuters ^ | September 20, 2017 | by Stephen Nellis
    Wal-Mart Stores Inc, Target Corp and PepsiCo Inc on Wednesday joined an expanded group of nearly 800 companies calling in a letter for U.S. legislation to protect immigrants brought into the country illegally by their parents from deportation, according to organizer FWD.us. A group of businesses less than half the size and weighted toward technology companies sent a similar letter in August, before President Donald Trump said he would end the program. Both letters were spearheaded by FWD.us, a pro-immigration group co-founded by Facebook Inc Chief Executive Mark Zuckerberg.
  • Toys ‘R’ Us files for BANKRUPTCY: Retailing giant becomes the latest victim of online shopping [tr]

    09/19/2017 5:00:06 AM PDT · by C19fan · 53 replies
    UK Daily Mail ^ | September 19, 2017 | Staff
    Toys ‘R’ Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection on Monday. This is the latest sign of turmoil in the retail industry caught in a viselike grip of online shopping and discount chains. Toys ‘R’ Us said it received a commitment for over $3billion in debtor-in-possession financing from lenders including a JPMorgan-led bank syndicate and certain of the company’s existing lenders.
  • Norway electronics retailer to sell solar panels in stores

    09/18/2017 11:08:27 AM PDT · by Olog-hai · 26 replies
    TheLocal.no ^ | 18 September 2017 10:44 CEST+02:00
    Solar panel units for the roofs of Norwegian homes are to be sold in-store for the first time by electronics retailer Elkjøp. The electronics chain has noticed a strong growth in demand for the solar units in its online stores, reports Dagens Næringsliv. Now the technology will be available in physical shops for the first time. Solar panel power in Norwegian homes has tripled in the last year in terms of overall effectivity, according to the report. […] The technology developer said that he wanted to take solar power from the “niche market to the mass market”. …
  • Toys ‘R’ Us Preparing for Possible Bankruptcy Filing

    09/16/2017 3:18:41 PM PDT · by SeekAndFind · 16 replies
    Fortune ^ | 09/16/2017
    Toys 'R' Us is working to put together a loan to fund its operations in a potential bankruptcy filing that could come before the holiday sales season, according to people familiar with the matter. The toy merchant's move underscores the deep distress rippling through retailers of all sizes as consumers increasingly shop online at sellers such as Amazon.com Inc or go to discounters such as Wal-Mart Stores Inc . A spokeswoman for Toys 'R' Us did not immediately respond to a request for comment. The people could not be identified because the bankruptcy plans are not yet public. The Wall...
  • Ex-employees allege Macy’s profiles Asian customers: suit

    09/10/2017 8:31:42 PM PDT · by ConservativeStatement · 9 replies
    New York Post ^ | September 8, 2017 | Kaja Whitehouse
    After settling allegations that it unlawfully detained black customers, Macy’s is now picking on Asians, according to a lawsuit filed by four former employees of the company’s flagship store in Herald Square. Managers in the cosmetics and fragrance department of Macy’s flagship store “repeatedly directed … sales associates to racially profile customers of Asian descent” out of fear that they were secretly black marketers, according to a Manhattan federal lawsuit.
  • Americans headed towards $1 trillion in credit card debt, study says

    09/11/2017 3:01:53 PM PDT · by buckalfa · 33 replies
    Fox Business ^ | September 11, 2017 | Jade Scipioni
    Americans are starting to pile up more credit card debt than ever before. According to a new study released Monday, U.S. consumers added $33 billion in credit card debt during the second quarter of 2017, making it the second-highest point of debt since the end of 2008.
  • oys"R"Us taps law firm to weigh restructuring options- source

    09/06/2017 6:02:27 PM PDT · by dynachrome · 10 replies
    CNBC/Reuters ^ | 9-6-17 | Jessica DiNapoli
    oys"R"Us Inc has hired law firm Kirkland & Ellis LLP to help weigh restructuring options ranging from a bankruptcy filing to raising financing as bricks and mortar retail goes through a major downturn, according to a person familiar with the matter. The privately held toy retailer had previously said it was working with investment bank Lazard Ltd to help address its approximately $5 billion in debt, of which roughly $400 million comes due next year. The person could not be identified because the law firm's hiring is not yet public. In a statement, the company said it would provide an...
  • America is facing a 'retail refugee crisis' as thousands of stores shut down....

    09/05/2017 7:56:57 PM PDT · by 2ndDivisionVet · 79 replies
    Business Insider ^ | September 5, 2017 | Dennis Green
    The retail landscape looks like it's about to get rougher for everyone — especially those on the lowest rung of the ladder. Retail is the largest employer in the US, employing an estimated 4.6 million people in full- or part-time jobs. But estimates also say that the sector has shed more than 89,000 jobs in general merchandise stores alone between last October and May of this year. At last count, over 6,375 stores have been announced for across the country this year. It's this shedding of jobs that's about to create what retail-industry consultant Doug Stephens is calling a "retail...
  • Walmart, Google Join Forces In Online Fight Against Amazon

    08/23/2017 9:47:00 AM PDT · by Responsibility2nd · 52 replies
    NPR ^ | 08/23/2017 | Scott Neuman
    With an eye on the future of online retailing, Walmart and Google are teaming up to go after rival Amazon in a play that also targets the growing market for voice-activated shopping. Starting next month, Walmart customers will be able to access hundreds of thousands of products from the company's shelves — everything from dish washing soap to dining tables — via the online retailing service Google Express. Until now, Walmart's enormous inventory was available online only through the company's own website. Walmart customers will be able to place an order by simply saying it out loud, using either the...
  • Wal-Mart Applies for Patent for Blimp-Style Floating Warehouse

    08/19/2017 9:10:38 AM PDT · by Hojczyk · 63 replies
    Bloomberg ^ | August 18,2017 | Matthew Boyle
    Wal-Mart Applies for Patent for Blimp-Style Floating Warehouse An unmanned airborne warehouse -- laden with drones -- could help retailers lower the costs of fulfilling online orders, particularly the so-called “last mile” to a customer’s house, which is usually handled by a local or national logistics company. To avoid that expense, Wal-Mart and other retailers often encourage shoppers to pick up those orders at the store, where they might grab a few additional items. Earlier this week, Target Corp. agreed to acquire a software company that coordinates local deliveries. “The core challenge of traffic and driving distance in any major...
  • Americans are buying more food at Walmart

    08/17/2017 2:34:35 PM PDT · by Oldeconomybuyer · 30 replies
    Washington Post ^ | August 17, 2017 | By Abha Bhattarai
    Competition is heating up among U.S. grocery chains, but Americans are increasingly buying their food at Walmart. The retailer on Thursday said food sales had grown to their highest level in five years, as Walmart expands its grocery business both in stores and online by adding more organic produce. The company is also testing grocery delivery in New York, and has taken aggressive steps to compete with Amazon.com. “We’ve seen strong results from the rollout of online grocery, which is now in more than 900 U.S. locations,” Doug McMillon, president and chief executive of Walmart, said in a Thursday call...
  • 25 Tips for Small Businesses Selling at Farmers Markets

    08/16/2017 8:19:49 PM PDT · by 2ndDivisionVet · 7 replies
    Small Business Trends ^ | August 14, 2017 | Annie Pilon
    Farmers markets offer great opportunities for farmers and other small businesses to connect with customers and make sales. But it’s not as easy as just reserving a booth and setting some products out on a table. Here are 25 tips to help you succeed when selling at farmers markets. Selling at Farmers Markets Visit Markets Beforehand One of the biggest factors in your farmers market success is the actual market. You need to find one that fits with what you want to accomplish. And the best way to make that determination is to go and see for yourself. Leigh Adcock,...
  • Walmart’s C.E.O. Joins Group to Rebuke Trump Over Charlottesville

    08/15/2017 12:02:46 PM PDT · by Alter Kaker · 148 replies
    New York Times ^ | 8/15/2017 | Rachel Abrams and Michael Corkery
    Walmart’s chief executive issued a strong rebuke of President Trump’s response to the protests that turned violent in Charlottesville, Va., saying the president “missed a critical opportunity to help bring our country together.” The criticism came in a statement that the retailer’s chief executive, Doug McMillon, emailed to employees Monday evening, which was reviewed by The New York Times. The statement was later posted on a company website. “As we watched the events and the response from President Trump over the weekend, we too felt that he missed a critical opportunity to help bring our country together by unequivocally rejecting...
  • Costco owes Tiffany more than $19 million for selling counterfeit rings

    08/14/2017 5:33:22 PM PDT · by BenLurkin · 27 replies
    cnn ^ | August 14, 2017: 7:54 PM ET
    In a statement, Costco said it intends to appeal the ruling. "This was not a case about counterfeiting in the common understanding of that word -- Costco was not selling imitation Tiffany & Co. rings," it said. Tiffany first filed a complaint against Costco in U.S. District Court in New York in 2013, saying it learned from a customer that Costco was selling "Tiffany" rings. "Unbeknowst to Tiffany, Costco had apparently been selling different styles of rings for many years that it has falsely identified on in-store signage as 'Tiffany,'" the complaint said. "There are now hundreds if not thousands...
  • 'Not dead, just changing': What the future holds for the American mall

    08/13/2017 10:16:57 PM PDT · by 2ndDivisionVet · 54 replies
    RetailDIVE ^ | May 3, 2017 | Lara Ewen
    If the mall killed Main Street, then this must be Main Street’s moment for schadenfreude. Real Estate Investment Trust stocks have dropped 18% in the past year, Bloomberg recently reported, and while mall executives would prefer to see the current decline as a transformative period rather than a death knell, that may be wishful thinking. Not all malls are created equal, of course. A-class malls are thriving, due to a premier selection of retail and restaurant tenants that successfully target the affluent communities they serve. However, B and C-class malls are struggling to find customers and keep tenants, as anchor...
  • No more Rationing of 22LR at Wal-Mart

    08/11/2017 6:06:55 AM PDT · by w1n1 · 21 replies
    Am Shooting Journal ^ | 8/11/2017 | K Frank
    The drought has been lifted, for almost half a decade, the long-standing 22 Lone Rifle ammunition is finally behind us. Wal-Mart announced this internally that any and all restrictions on purchasing 22 ammo in bulk have been removed. Up until about a year ago, 22LR was reasonably difficult to find in both bulk and inexpensively. Shared across Facebook and other social media, the new policy was announced to managers, loss prevention, and sales clerks. The new policy is a welcome change, especially for this in more rural areas where Wal-Mart was the major store, if not only, purveyors of ammunition....
  • People keep leaving financial services for the legalized cannabis industry

    08/10/2017 8:06:07 PM PDT · by 2ndDivisionVet · 27 replies
    e-financial careers ^ | August 10, 2017 | Dan Butcher
    Quitting finance to focus on marijuana sounds like it’s something that involves finding yourself by surfing and living in a beach hut in California. But with momentum building for the legalization of cannabis in the U.S. – 29 states and the District of Columbia have laws legalized marijuana in some form – finance professionals are increasingly viewing it as a big business opportunity. The number of jobs that the cannabis industry is creating continues to increase. New Frontier Data, a research and analytics firm, projects that the legal cannabis market will create more than 250m jobs by 2020 – more...
  • Stores Take Flight From Fifth Avenue in Manhattan

    08/07/2017 8:40:12 PM PDT · by GuavaCheesePuff · 18 replies
    The New York Times ^ | April 4, 2017 | Rachel Abrams
    Bergdorf Goodman. Tiffany & Company. Louis Vuitton. Fifth Avenue in Manhattan is to shopping what Broadway is to theater, defined by the marquee names that for decades have occupied some of New York City’s most prized real estate. But lately, the avenue’s glittery window displays have been changing more quickly, as retailers have streamed in and out. Tourism has slowed while online shopping has sped up, making it harder for companies to justify the cavernous spaces and sky-high rents along the shopping strip.
  • Male cosmetics counters could hit department stores in five years, L'Oreal boss says

    08/07/2017 5:59:32 AM PDT · by C19fan · 41 replies
    UK Telegraph ^ | August 7, 2017 | Katie Morley
    Male make-up counters could become a reality within five years, the UK boss of L'Oreal has said, as it is no longer a taboo for the "selfie generation". In an interview with the Daily Telegraph, Vismay Sharma, the cosmetics giant's UK managing director, said that demand for make-up among men was growing fast.
  • Want to Revive U.S. Manufacturing? Walmart has Some Suggestions

    07/31/2017 2:00:01 PM PDT · by 2ndDivisionVet · 21 replies
    Engineering ^ | July 28, 2017 | Ian Wright
    Revitalizing American manufacturing has been a hot topic for some time, gaining prominence as a talking point in last year’s election. Donald Trump’s victory led many to speculate about the future of manufacturing in the U.S., particularly whether it’s possible to bring manufacturing back to America. The latest piece of advice on this topic comes from a rather surprising source: Walmart. The retail giant recently convened a meeting of representatives from governments, businesses and non-governmental organizations (NGOs) to present a Policy Roadmap to Renew U.S. Manufacturing. “As we’ve worked over the last four years alongside our suppliers toward our goal...