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Keyword: retail

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  • Supreme Court rules against Apple in App Store antitrust case

    05/13/2019 7:28:45 AM PDT · by Red Badger · 62 replies
    CNBC ^ | 05-13-2019 | Tucker Higgins
    Key Points The Supreme Court on Monday ruled 5-4 against Apple in a case involving its signature electronic marketplace, the App Store, allowing iPhone users to move forward with their suit against the company. The iPhone users argued that Apple’s 30% commission on sales through the App Store was passed along to consumers, an unfair use of monopoly power. Apple argued that only app developers, and not users, should be able to bring such a lawsuit. “Apple’s line-drawing does not make a lot of sense, other than as a way to gerrymander Apple out of this and similar lawsuits,” Justice...
  • CVS closures: 46 locations closing, including 3 in Alabama; complete list

    05/02/2019 11:01:34 AM PDT · by Red Badger · 48 replies ^ | Wednesday, May 1, 2019. | By Leada Gore
    Drug store chain CVS is closing 46 locations, including three stores in Alabama. The closures represent less than 1 percent of the chain’s 9,000 locations nationwide. Each of the closures were at stores the massive retail chained deemed “underperforming.” The Alabama locations are in Huntsville, Mobile and Montgomery. Some of the closures have already taken place while others are underway. Overall business remains strong, CVS said, reporting 35 percent year-over-year increase in first quarter revenues to $61.6 billion. Here is the list via USA Today: Alabama Huntsville: 3115 Bob Wallace Ave SW Mobile: 664 Schillinger Rd S Montgomery: 2815 Lower...
  • Whole Foods will slash prices on hundreds of items starting Wednesday

    04/01/2019 3:16:58 PM PDT · by Monrose72 · 45 replies
    CNBC ^ | 04-02-19 | Lauren Hirsch
    Whole Foods will slash prices on hundreds of items starting Wednesday, extending its focus beyond enticing Prime shoppers. The specialty grocer's last major price cut for all customers was in Nov. 2017. In the interim, it has been rolling out more perks catered to members of Amazon Prime, like offering them an extra 10 percent off discounted products. Amazon, which acquired Whole Foods in July 2017, had hoped to convert more Prime members into Whole Foods shoppers. The better Whole Foods is able to sync in-store shopping with Amazon Prime, the better it will be able to target its ads...
  • Dick’s Sporting Goods Lost Millions Over Anti-Gun Policies – Here’s How Much The Backlash Cost

    03/29/2019 8:43:01 PM PDT · by rktman · 92 replies ^ | 3/29/2019 | Molly Prince
    Dick’s Sporting Goods took a loss of an estimated $150 million in sales last year after the company heavily restricted firearm purchases and began advocating for gun control. The company made various policy changes after a school shooting in Parkland, Florida, left 17 dead. It announced it would no longer sell modern sporting rifles or high-capacity magazines and increased the purchase age for all firearms to 21. Dick’s also hired anti-gun lobbyists to promote gun restriction legislation, despite saying it still supports the Second Amendment. “The system does not work,” said Edward Stack, Dick’s CEO. “It’s important that when you...
  • Jared Kushner called Walmart to get job for first woman freed by First Step Act

    03/28/2019 5:48:28 AM PDT · by deplorableindc · 66 replies
    Washington Examiner ^ | March 28, 2018
    Catherine Toney began February in prison and ended the month with a job at Walmart after White House adviser Jared Kushner called the Arkansas-based retailer on her behalf. Toney, 55, is believed to be the first woman freed by the First Step Act, which President Trump signed in December. She was released Feb. 1 after serving 16 years, benefiting from the law's retroactive crack cocaine sentence reductions. Toney will join Trump on Monday for an event celebrating the criminal justice reform law, his first major bipartisan policy achievement. Other recently released inmates were invited to attend.
  • LifeWay store closures lamented as 'a great loss'

    03/25/2019 3:52:06 PM PDT · by robowombat · 33 replies
    Baptist Press ^ | Monday, March 25, 2019 | David Roach,
    LifeWay store closures lamented as 'a great loss' by David Roach The closure of all 170 LifeWay Christian Stores will be “a great loss,” said LifeWay customer Sarah Beth Van Dyke of Gallatin, Tenn. NASHVILLE (BP) -- Sarah Beth Van Dyke shopped at LifeWay Christian Stores during her childhood when they were called Baptist Bookstores. She worked in a LifeWay store in graduate school, and now she takes her two children to LifeWay to spend their allowance money. Generally, she shops at a LifeWay store multiple times every month. With all 170 LifeWay stores set to close this year, Van...
  • YouTube video: Sears 1960's Christmas Toys (3:31 mins)

    03/09/2019 11:06:47 AM PST · by ETL · 90 replies
    YouTube ^ | Oct 10, 2017
    JukeboxfunPublished on Oct 10, 2017 "Sears Wishbook catalog from the 1960's. Toys for girls and boys! Merry Christmas. This video was made using information and photos freely found on the internet." (video is 3:31 mins)
  • Sears reaches deal with Chairman Eddie Lampert to save company and roughly 400 stores

    01/16/2019 8:46:55 AM PST · by Phillyred · 47 replies
    CNBC ^ | Lauren Hirsch
    Sears Holdings reached a roughly $5 billion deal with its chairman, Eddie Lampert, early Wednesday to keep the company, and about 400 stores, in operations, according to people familiar with the situation. The deal came after days of negotiations at the law firm Weil, Gotshal & Manges. Lampert has been trying to buy Sears out of bankruptcy through an affiliate of his hedge fund ESL Investments. The owner of Kmart and Sears had filed for bankruptcy in October, and Lampert's bid was the only one that would have kept it alive. The offer had strong bargaining tools: It could save...
  • UPDATE: XHALE City Vape Shop FIRES Racist Trump-Hating Liberal After SCREECHING MELTDOWN...

    12/31/2018 9:48:56 AM PST · by Red Badger · 31 replies ^ | December 29, 2018 | by Jim Hoft
    A clerk at Xhale City vape shop in Tucker, Atlanta went absolutely ballistic after a customer wearing a Trump t-shirt walked into the establishment. The pro-Trump customer was denied service and asked to leave the store while the vape shop employee accused him of being a “racist motherf*cker.” A black man was also standing in front of the counter watching it all go down and it was all caught on video. “If you do not stop recording in my store, I’m going to call the police and ask you to leave,” the triggered employee said. The customer refused to be...
  • Sears may be down to its last 24 hours. Iconic retailer likely liquidates without bid by tomorrow

    12/27/2018 2:49:09 PM PST · by NRx · 228 replies
    CNBC ^ | 12-27-2018 | Lauren Hirsch
    Sears, the 125-year-old icon, has 24 hours to survive. The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments. ESL is the only party offering to buy Sears as a whole, people familiar with the situation tell CNBC. Without that bid or another like it, liquidators will break the company up into pieces. But as Lampert stares down a deadline of Dec. 28 to submit his offer, he is...
  • U.S. Holiday Retail Sales Are Strongest in Years, Early Data Show

    12/25/2018 5:11:34 PM PST · by springwater13 · 53 replies
    Shoppers delivered the strongest holiday sales increase for U.S. retailers in six years, according to early data. Total U.S. retail sales, excluding automobiles, rose 5.1% between Nov. 1 and Dec. 24 from a year earlier, according to Mastercard SpendingPulse, which tracks both online and in-store spending with all forms of payment. The figures suggest a stock-market swoon and partial government shutdown haven’t curbed consumer confidence and spending. “Wall Street is running around like a chicken with its head cut off, while Mr. and Mrs. Main Street are happy with their jobs, enjoying their best wage increases in a decade,” said...
  • When Retailing Was Very Personal

    12/23/2018 1:06:25 PM PST · by Pontiac · 76 replies
    Wall Street Journal ^ | 12/17/18 | Bob Greene
    One evening when the son was growing up, the telephone in their home rang. The caller, with nervousness in his voice, asked for Robert Lazarus, who came to the phone. The man, almost apologetically, said he and his wife had purchased a tea set at Lazarus. They had never owned one before, but saw it on display and decided it was something they would like to have in their home. Robert Lazarus waited to hear what was coming next. Was there a flaw? Was a cup or saucer broken? That wasn’t it. The man said he and his wife did...
  • 17-year-old Walmart employee quits over store intercom: ‘Nobody should work here, ever’

    12/15/2018 9:31:10 AM PST · by EdnaMode · 124 replies
    CNBC ^ | December 14, 2018 | Abigail Hess
    Some people know how to make an entrance, while others specialize in exits. On December 6th, 17-year old Jackson Racicot posted a video titled, “How I quit my job today,” on Facebook. As of today, the video has been viewed nearly 300,000 times. The teen quit his job at the Walmart Grande Prairie Supercentre in Alberta, Canada, by reading a prepared speech into a store-wide intercom system, Insider reports. “Attention all shoppers, associates and management, I would like to say to all of you today that nobody should work here, ever,” he said over the speakers. “Our managers will make...
  • Arizona Coffee Shop Claims To Be The One Stop Shop For All Things Trump

    11/24/2018 1:07:58 PM PST · by 2ndDivisionVet · 10 replies
    National Public Radio ^ | November 24, 2018 | Aaron Granillo
    A steady stream of customers arrives every morning at The Trumped Store and Coffee House in Show Low, Ariz. Barista Sean Lynch whips up a latte underneath a sign that reads "Making Coffee Great Again." He pours foam over espresso and milk, still fine-tuning his latte artwork. "Sometimes I'll make random abstract shapes, and I'll be like, look that's Trump's head," Lynch jokes. "People will be like, 'No way!'" The store is full of customers from all over the state. Some come for the coffee, others for the vast collection of Trump-inspired merchandise. Rosemary Quessenberry drove three hours to buy...
  • Target shares slide after disappointing 3Q earnings results

    11/20/2018 4:52:09 AM PST · by SoFloFreeper · 37 replies
    Fox Business ^ | 11/20/18
    Target Corp reported third-quarter earnings and comparable sales below estimates on Tuesday at a time when a strong economy has boosted consumer spending at rival retailers, sending its shares down 7 percent in premarket trade.
  • After the Retail Apocalypse, Prepare for the Property Tax Meltdown

    11/16/2018 4:48:13 PM PST · by Zhang Fei · 12 replies
    CityLab ^ | Nov 14, 2018 | Laura Bliss
    WEST BEND, WI—Kraig Sadownikow doesn’t look like an anti-corporate crusader. The mayor of West Bend, Wisconsin, stickers his pickup with a “Don’t Tread on Me” snake on the back window, a GOP elephant on the hitch, and the stars-and-stripes logo of his construction company across the bumper. His fiscal conservatism is equally well billboarded: In the two hours we spent at City Hall and cruising West Bend in his plush truck, Sadownikow twice mentioned the 6 percent he has shaved off the Wisconsin city’s operating budget since becoming mayor in 2011, and stressed its efforts to bring more business to...
  • The Property Tax Meltdown

    11/15/2018 10:44:20 AM PST · by Galatians328 · 55 replies
    Citylab ^ | Nov 14, 2018 | Laura Bliss
    Big-box retailers such as Walmart, Target, Meijer, Menards, and others are suing small-town assessors and high-court judges to accept the novel argument that their bustling big boxes should be valued like vacant “dark” stores—i.e., the near-worthless properties now peppering America’s shopping plazas.
  • 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 · 58 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 · 59 replies
    NY Post ^ | October 15, 2018
    1983. Mannequins are shown as Sears unveils its "Store of the Future."