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Keyword: retail

Brevity: Headers | « Text »
  • Walmart Targets Amazon in Potentially Costly Distribution E-Commerce Battle

    05/20/2015 9:20:46 AM PDT · by Vigilanteman · 26 replies
    Supply Chain 24/7 ^ | 20 May 2015 | Nathan Layne
    If Wal-Mart, the world’s largest bricks-and-mortar retailer, is serious about competing more directly with Amazon - as it has suggested by testing a free shipping club - then it may have to spend well beyond a previously announced investment target on big distribution centers and other costs for its plan. Wal-Mart’s sluggish quarterly results that were released on Tuesday highlighted the importance of growing its online business. Online revenues grew 17 percent globally in the first quarter ended April 30, against a slight drop in overall sales. However, investments in e-commerce shaved 2 cents off the retailer’s earnings per share,...
  • Whole Foods Shocked: Millennials Are Broke, Don't Want to Pay for Anything

    05/08/2015 9:46:56 PM PDT · by 2ndDivisionVet · 91 replies
    The Excellence In Broadcasting Network ^ | May 8, 2015 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: The Washington Post, however, has a story with the headline: "Whole Foods is Learning that Millennials Aren't Who it Thought They Are." I think a lot of people are starting to figure this out. "For years, Whole Foods has thrived by selling pricey food with a promise that it is better for you, better for the planet, and better overall. The mantra has proved so successful that it has helped the high-end supermarket chain to expand from its flagship store in Austin, Texas, to more than 400 locations. But lately, Whole Foods' model hasn't looked quite as...
  • Wow. 47 Major Retailers Announce Closing of 6,000 Stores Across the Country

    05/07/2015 6:16:59 PM PDT · by Beave Meister · 39 replies
    You’ll never hear the Obama administration pass on an opportunity to gloat about the miracles they think they’ve managed to pull off over the past seven years to get America’s economy back on track. The only problem with that is, it’s not remotely true. Somehow, the spin doctors at the White House always manage to cherry pick rare instances of economic improvement and turn them into something much bigger. If you want a real indication of how President Barack Obama’s economy is fairing, just look to a recent report that shows a coming “retail apocalypse,” with major retailers across the...
  • Hudson's Department Store (fascinating)

    05/04/2015 7:35:35 PM PDT · by ChildOfThe60s · 42 replies
    HistoricDetroit.org ^ | 2015 | By DAN AUSTIN
    The Big Store. For generations, it was as synonymous with Christmas and fashion as it was Detroit. The store at Woodward and Gratiot avenues was absolutely massive, evolving with the Motor City until it became the tallest department store in the world. By the time it finished growing, the store’s size almost defied belief. A quick list of facts, many courtesy of the Detroit Historical Museum: The store was 2,124,316 square feet, making it second in size among department stores to only Macy’s in New York. Even then, Macy’s is only 26,000 square feet bigger. The store was spread out...
  • Major U.S. Retailers Are Closing More Than 6,000 Stores

    05/03/2015 4:02:11 PM PDT · by dennisw · 142 replies
    zerohedge ^ | 05/02/2015 | Michael Snyder
    Submitted by Michael Snyder via The Economic Collapse blog, If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The “retail apocalypse” that I have written about so frequently appears to be accelerating. As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable. So if this is happening already, what are things going to look like once the next recession strikes? For a long time, I have been pointing to 2015 as a...
  • Weird Walmart plumbing problem shutting down stores across America, one in Brandon

    04/15/2015 12:01:28 PM PDT · by FR_addict · 97 replies
    WFLA.com ^ | Apr. 14, 2015 | Mark Douglas
    BRANDON FL (WFLA) - Walmart customers can't understand what's plaguing the "plumbing problems" of Walmart stores from Brandon to California. "Must be a major plumbing problem is all I can say," would-be customer Dale White said as security guards turned him away from the Supercenter on Brandon Boulevard in Brandon. The retail chain announced Monday that five stores are shutting down - one in Brandon, two in Texas, one in Oklahoma and one in California - due to clogging and drainage problems. ... The shutdown blindsided about 400 Brandon Walmart workers who must now find another store to transfer to...
  • You Might Not Be Able to Buy Firearms, Ammo From Walmart Soon

    04/09/2015 1:15:14 PM PDT · by Lazamataz · 61 replies
    Fox News ^ | 4/9/2015
    Walmart's right to sell firearms and ammunition is being threatened by a lawsuit. Fox Business Network reporter Adam Shapiro reported on "Fox and Friends First" this morning that a court decision could stop the retail giant from selling guns, which could change the way publicly traded companies do business in the United States. Shapiro said that Trinity Wall Street Church in New York City owns stock in Walmart. "The church sued the Walmart when they refused to place a proposal on the shareholder ballot at the annual company meeting," he explained. "That proposal could be interpreted to force Walmart's board...
  • Forever 21 slapped with transgender discrimination lawsuit

    04/02/2015 1:46:30 PM PDT · by Citizen Zed · 49 replies
    Fortune ^ | 4-2-2015 | Claire Zillman
    A manager at a Forever 21 in New York told Alexia Daskalakis, a transgender employee, that she was a “hot mess” and “disgusting,” that she looked “offensive,” and that “in my eyes and in the company’s eyes, you’re still a male.” Those are the allegations in a lawsuit Daskalakis filed against Forever 21 in Brooklyn federal court on Wednesday. The lawsuit accuses the fast fashion retailer of discrimination, harassment, and retaliation. Forever 21 did not immediately respond to a request for comment. Daskalakis started working as a sales associate at a Forever 21 store in Brooklyn in May 2011 and...
  • Walmart Asks Arkansas Governor To Veto Religion Freedom Bill

    03/31/2015 5:00:48 PM PDT · by C19fan · 81 replies
    Reuters ^ | March 31, 2015 | Staff
    The chief executive officer of Wal-Mart Stores Inc on Tuesday asked the governor of Arkansas to veto a religious freedom measure, saying the bill approved by lawmakers earlier in the day undermines "the spirit of inclusion" in the state.
  • Employee to Home Depot: Stop pushing homosexuality

    03/24/2015 8:37:02 PM PDT · by PROCON · 81 replies
    onenewsnow.com ^ | March 22, 2015 | Michael F. Haverluck
    In an open letter to his employer, Home Depot employee Timothy Noffsinger, expressed loud and clear how he feels about the company’s promotion of homosexual behavior.Besides going against his deeply held religious convictions, Noffsinger, a member of Denver Bible Church, expressed in his letter how its aggressive endorsement of homosexuality in the workplace is detrimental to productivity. "What would happen if Craig Menear, Chairman and CEO of The Home Depot (THD), were to appear at the next board meeting in lipstick and a wig wearing a skirt and pantyhose?” Noffsinger asked. “In the midst of such absurdity, could the Board...
  • AWG to convert 5 Dahl's to Price Chopper (Iowa supermarkets)

    03/06/2015 1:03:46 PM PST · by 2ndDivisionVet · 8 replies
    Supermarket News ^ | March 6, 2015
    Associated Wholesale Grocers plans to convert five of seven Dahl’s Foods stores in Iowa to the Price Chopper banner in early April and two others, in the Des Moines market, to a new, unspecified format, according to published reports. Kansas City, Kansas-based AWG acquired the stores in January following Dahl’s bankruptcy filing in November. Price Chopper is an AWG-licensed name used by 51 members in Kansas.
  • Target to cut thousands of jobs in restructuring

    03/03/2015 1:49:42 PM PST · by Red Badger · 52 replies
    CBNC ^ | 03-03-2015 | Fred Imbert & Courtney Reagan
    Target's chief executive, Brian Cornell, said Tuesday the retailer will cut several thousand jobs within the next two years as part of a $2 billion cost savings plan. The company also announced 2015 guidance of $4.45 to $4.65 adjusted earnings per share. Wall Street expected Target's guidance at $4.50 adjusted earnings per share. Target also expects digital sales to increase 40 percent and same-store sales between 1.5 percent and 2.5 percent, with modest improvement in gross margins and expense rates. It also expects sales to grow between 2 and 3 percent during the year. The company's stock closed at $78.02,...
  • Al Shabaab calls for attack on Mall of America in new video(Video)

    02/22/2015 6:40:37 PM PST · by Mozilla · 17 replies
    Fox News ^ | 2-23-15 | Fox News/AP
    A new video from Al Shabaab purportedly shows the terror group calling for an attack on Mall of America, in Bloomington, Minn. According to Fox 9, the mall is one of three similar targets the terror group specifically names, including West Edmonton Mall in Canada and the Oxford Street shopping area in London. The video purportedly shows 6 minutes of graphic images and the terrorists celebrating the 2013 Westgate Mall attack in Nairobi, Kenya, that killed more than 60 people.
  • Cheaper gas lowers US retail sales; spending up elsewhere (the ‘narrative’ continues)

    02/12/2015 8:48:26 AM PST · by Olog-hai · 16 replies
    Associated Press ^ | Feb. 12, 2015 9:04 AM EST | Christopher S. Rugaber
    U.S. retail sales fell sharply last month as gas prices plummeted and auto sales slowed. But excluding those volatile categories, Americans stepped up their spending a bit. Retail sales dropped 0.8 percent in January, the Commerce Department said Thursday, following a 0.9 percent decline in December. The dollar value of gas station sales plunged 9.3 percent, the largest drop in six years. Auto dealer sales also fell for the second straight month. Outside those categories, sales ticked up 0.2 percent after a flat reading in December. The modest gain suggests Americans are still cautious about spending their windfall from lower...
  • The End of Guitar Center

    02/05/2015 1:26:44 PM PST · by Itaintwhy · 58 replies
    EricGarland.co ^ | Feb. 3, 2015 | Eric Garland
    This is an obituary for Guitar Center, a chain of big box musical instrument stores that was captured and infected by private equity during a national trend of greed and reckless expansionism in the late-1990s and early-2000s. The company started as a Los Angeles organ store, became a successful purveyor of guitars after the Beatles arrived in the United States, evolved into a national competitor over a period of decades, and shall finish, with sad poetry, as the symbol of everything dysfunctional about American corporate finance, management, and retail in the modern age.
  • RadioShack Files for Chapter 11 Bankruptcy Protection

    02/05/2015 3:02:05 PM PST · by Zakeet · 12 replies
    Fox News ^ | February 5, 2015
    Electronics retailer RadioShack Corp filed for Chapter 11 bankruptcy protection and said shareholder Standard General LP would buy 1,500 to 2,400 of its stores. RadioShack listed assets of $1.2 billion and liabilities of $1.39 billion in its bankruptcy petition in a Delaware court.
  • Loretta Lynch’s hard-line stance on marijuana is making Colorado sweat

    02/03/2015 12:29:39 PM PST · by Tolerance Sucks Rocks · 21 replies
    The Washington Times ^ | February 1, 2015 | Valerie Richardson
    DENVER — Nobody in the Colorado marijuana industry is panicking, but those involved are sweating a little over the hard line taken by Loretta Lynch, President Obama’s pick to be the next attorney general, on legalization during this week’s Senate confirmation hearing. “Quite a few of my members were expressing concern and nervousness,” said Michael Elliott, executive director of the Colorado Marijuana Industry Group. “But I’m not sure we could have expected much more than we just heard. Even the president, who came out saying that marijuana is no more dangerous as alcohol, is also on the record as being...
  • Report: RadioShack to close all stores, sell half to Sprint

    02/02/2015 1:46:48 PM PST · by raccoonradio · 149 replies
    KTRS ^ | 2/2/15 | KTRS
    Radio Shack has been selling communication equipment since 1921, but according to Bloomberg, the retail chain will not be celebrating a 100th birthday. As part of a bankruptcy deal, RadioShack Corp. will be shutting down their entire chain of 7,000 tech stores, half of which will be reportedly sold to Sprint. According to the report, RadioShack locations that are sold to Sprint would operate under the wireless carrier’s name, meaning RadioShack would cease to exist as a stand-alone retailer. RadioShack received a rescue financing package from Standard General LP in October, and the hedge fund would serve as the lead...
  • As robots start to take over retail, will there be any jobs left?

    01/26/2015 7:22:08 AM PST · by SeekAndFind · 81 replies
    New York Post ^ | 01/26/2015 | Diane Francis
    The world’s first robotized sales assistants were rolled out last month in California. They are nifty, cute — and terrifying. Nicknamed OSHbots, the two machines cost $50,000 apiece, are five feet of plastic on wheels and carry built-in natural language processors, computers, product scanners and navigation tools. Named after the Orchard Supply Hardware store where they work in San Jose, they greet customers, ask if they need help, identify items, then offer to guide them to the appropriate aisle without bumping into anyone or anything. At night, they do inventory by cruising the store to identify missing products and update...
  • Man shopping at Walmart attacked for carrying gun he was legally permitted to have (Florida)(trunc)

    01/21/2015 12:21:14 PM PST · by SWAMPSNIPER · 74 replies
    tampabay.com ^ | Jan 21, 2015 | tampabay.com
    BRANDON — Clarence Daniels had just crossed the threshold of Walmart's front doors on Tuesday, in search of coffee creamer for his wife, when the gun in hip holster gave a well-intentioned vigilante the idea he was up to something more sinister.
  • J.C. Penney is resurrecting its catalog

    01/20/2015 12:25:28 PM PST · by 2ndDivisionVet · 44 replies
    Market Watch ^ | January 20, 2015 | Suzanne Kapner
    half-decade after killing off its hefty catalog to focus on the Web, J.C. Penney Co. is bringing it back, armed with data showing that many of its online sales came from shoppers inspired by what they saw in print. The new, 120-page book will feature items from Penney's home department and will be sent to select customers in March, the first time the struggling department store chain has sent out a catalog since 2010. The move highlights an oddity of the digital age. While shoppers are increasingly buying everything from shoes to sofas to cars over the Internet, they still...
  • Eat, pray, shop: Philippines embraces mall worshipping

    01/17/2015 7:45:19 PM PST · by 2ndDivisionVet · 7 replies
    The Philippine Daily Inquirer ^ | January 17, 2015 | Agence France-Presse
    On a recent busy evening in one of the Philippines’ top malls, shoppers wandered through luxury brand shops while prostitutes sat expectantly at a bar and a priest gave a sermon at a chapel. The scene may appear an unlikely combination but in the Philippines the Catholic Church has successfully set up shop where millions increasingly spend their leisure time. As a visit by Pope Francis to the Philippines this week shines a spotlight on the nation’s vibrant brand of Catholicism, local Church leaders said he would endorse the mixing of faith with consumerism. “It was Jesus who went to...
  • RadioShack may be preparing for bankruptcy

    01/15/2015 6:29:03 AM PST · by Red Badger · 101 replies
    CNN Money ^ | 14 Jan 2015 | By Katie Lobosco and Chris Isidore
    Struggling to raise enough cash and credit to stay alive, RadioShack is reportedly preparing to file for bankruptcy as soon as next month. The filing could come the first week of February, according to the Wall Street Journal. RadioShack declined to comment for this story. The company had a deadline of Jan. 15 to come up with $100 million in combined cash and available credit, or its major creditors can pull the plug on the long-term financing it needs to survive. RadioShack only had $63 million available heading into the Christmas shopping season. The struggling electronics retailer has been trying...
  • TARGET Closing all stores in Canada

    01/15/2015 6:18:02 AM PST · by golux · 97 replies
    CBC ^ | 1.15.2015 | CBC Staff
    Target says it plans to discontinue all operations in Canada and seek protection from creditors, less than two years after opening to much fanfare. In a release early Thursday, the U.S. retail chain said it will close all its locations in Canada. There are 133 stores across the country with about 17,600 employees. The company launched in Canada in the spring of 2013. But after high expectations, the chain failed to deliver as customers faced higher-than-expected prices, and empty shelves as the retailer had problems with its distribution chain. Executives repeatedly promised they would get it right, but ultimately decided...
  • Deb Shops closing all stores in Michigan, nationwide

    01/15/2015 2:20:25 AM PST · by 2ndDivisionVet · 11 replies
    The Ann Arbor News ^ | January 12, 2015 | Heather Jordan
    Women's fashion discount retailer Deb Shops is closing all of its stores in Michigan and nationwide. After more than 80 years in business, the Philadelphia-based retailer, which specializes in junior- and plus-size apparel, filed for Chapter 11 protection on Dec. 4, according to a news release. On Jan. 7, the bankruptcy court awarded Gordon Brothers Group and Hilco Merchant Resources the store closing process for all locations. Officials with Gordon Brothers Group and Hilco Merchant Resources began going-out-of-business sales at approximately 287 Deb Shops retail locations Friday, Jan. 9, the release states. The company's website gob.debshops.com now is simply an...
  • Jacksonville-based Body Central closing all of its 265 stores; 2,500 out of work

    01/14/2015 6:34:44 PM PST · by 2ndDivisionVet · 5 replies
    The Florida Times-Union ^ | January 9, 2015 | Roger Bull
    Just two days after it warned that it might file Chapter 11 bankruptcy, Body Central is shutting all of its stores and headquarters completely. The chain’s 265 stores are running “aggressive promotional sales through Sunday,” Gardner Davis, an attorney representing the Jacksonville-based chain of clothing stores geared to young women and teens, said on Friday afternoon. It has stores in the The Avenues and Orange Park malls and River City Marketplace. The company’s headquarters and warehouse closed Friday, he said. “It’s tragic that the company’s 2,500 loyal employees are losing their jobs,” he said. About 185 of those employees worked...
  • C. Wonder is closing all of its stores

    01/14/2015 6:16:44 PM PST · by 2ndDivisionVet · 22 replies
    The New York Daily News ^ | January 6, 2015 | Victoria Taylor
    The preppy lifestyle brand started by Tory Burch’s ex-husband, Chris Burch, is shutting down its remaining locations ‘due to the highly competitive nature of the current retail environment,’ a spokesman said. It’s curtains for C. Wonder. The retailer confirmed that it will shutter its remaining locations. C. Wonder is closing up shop. The retailer, which was launched by designer Tory Burch’s ex-husband, Chris Burch, will be shutting down its remaining stores, a spokesman confirmed. “Due to the highly competitive nature of the current retail environment, C. Wonder will be closing its remaining stores," a spokesman said in a statement to...
  • Many JCPenney stores closing

    01/07/2015 7:19:32 PM PST · by iowamark · 91 replies
    1/7/2015
    There are widespread reports today of JCPenney stores to be closing. There has been no announcement of the exact list. There is one report of 40 stores closing soon after 30 some closed in 2014. Oddly, the company just reported sales growth in the holiday period vs. the previous year, generating a number of positive news stories.
  • "We Are Extremely Over-Retailed" Picturing The Death Of America's Malls

    01/06/2015 7:33:54 AM PST · by SeekAndFind · 109 replies
    Zero Hedge ^ | 01/05/2015 | Tyler Durden
    Starting in the mid-1990s, "the mall genie was out of the bottle," says one mall analyst, "and it was never going to come back." While about 80% of the country’s 1,200 malls are considered healthy (vacancy rates of 10% or less), that compares with 94% in 2006; and more than 30 million square feet of malls are more than 40% empty, a threshold that signals the beginning of what one one analyst called "the death spiral." As The NY Times reports, like beached whales, dead malls draw fascination as well as dismay, "nobody ever thinks a mall is going to...
  • The Economics (and Nostalgia) of Dead Malls

    01/05/2015 7:45:37 AM PST · by C19fan · 55 replies
    NY Times ^ | January 3, 2015 | Nelson D. Schwartz
    Inside the gleaming mall here on the Sunday before Christmas, just one thing was missing: shoppers. The upbeat music of “Jingle Bell Rock” bounced off the tiles, and the smell of teriyaki chicken drifted from the food court, but only a handful of stores were open at the sprawling enclosed shopping center. A few visitors walked down the long hallways and peered through locked metal gates into vacant spaces once home to retailers like H&M, Wet Seal and Kay Jewelers.
  • THANKS Ferguson Looters! First K-Mart, now Big Lots CLOSING in Ferguson

    12/23/2014 1:07:12 PM PST · by Impala64ssa · 99 replies
    Right Wing News ^ | 12/23/14 | Tiffiny Ruegner
    Any thinking person could have predicted this… unfortunately the Ferguson protestors don’t think. Rioting and looting in Ferguson has caused an exodus of businesses and jobs from the community. Well done Ferguson looters! You’ve managed to close K-Mart and Big Lots, and kill jobs in your community. You should be proud of your ‘protests’ for gangsta thug Michael Brown. Thanks to you, hundreds of working people in Ferguson will no longer have an income, and some wouldn’t even be able to afford Christmas presents. All because of your rioting and looting. You thugs must be so proud. Of course the...
  • Christian activist calls out Walmart’s ‘increasing capitulation’ to gay agenda

    12/23/2014 8:11:53 AM PST · by wagglebee · 24 replies
    LifeSiteNews ^ | 12/22/14 | Kirsten Andersen
    A prominent Christian activist is sounding the alarm about what he sees as Walmart’s “increasing capitulation” to the homosexual agenda, and calling on concerned citizens to contact the corporation to complain. Peter LaBarbera, president of Americans For Truth About Homosexuality (AFTAH), alleged in a press release that Walmart is “going gay” in response to increasing public pressure from homosexual activists, donating thousands of dollars to pro-gay political groups and extending benefits to its employees’ same-sex “domestic partners.” LaBarbera particularly objected to a grant of between $25,000 and $50,000 that the company gave to the Gay & Lesbian Victory Fund –...
  • Breaking: Walmart closes amid Protest (Beavercreek, Oh)

    12/20/2014 1:34:55 PM PST · by Buck-I-Guy · 29 replies
    WHIO TV ^ | 12-20-14
    BEAVERCREEK — Walmart on Pentagon Boulevard in Beavercreek turned away customers while a planned protest got underway inside the store. Protesters called the event a “Die-in inside the Beavercreek Walmart to Demand Justice for John Crawford III.” On Aug. 5, 22-year-old Crawford was shot and killed inside the store by a Beavercreek police officer who was responding to a report of a man with a gun inside the store. Crawford had been walking around the store carrying a pellet gun that he had picked up from one of the shelves. The protesters have issued demands, including an indictment on the...
  • OPEN LETTER TO WALMART PRESIDENT AND CEO MR. C. DOUGLAS MCMILLON RE: CUSTOMER SERVICE AND CHRISTMAS

    12/10/2014 9:38:21 AM PST · by Ravnagora · 19 replies
    December 10, 2014 | Aleksandra Rebic
    Mr. C. Douglas McMillon President and Chief Executive Officer Walmart Corporate Office Headquarters 702 SW 8th Street Bentonville, AR 72716 Dear Mr. McMillon, This is a happy letter that I'm so pleased to be writing, because it's about a very positive experience I had at one of your stores in the Chicago suburban area on Saturday December 6, 2014, and the experience left me very hopeful about the future of Christmas in America. Like many others, I had been under the impression for a number of years now that Walmart customer service associates were "not allowed" to wish their customers...
  • Sears' Collapse Is Now 'Inevitable'

    12/04/2014 12:38:36 PM PST · by SeekAndFind · 65 replies
    Business Insider ^ | 12/04/2014 | ASHLEY LUTZ
    Sears is shutting down hundreds of stores. The chain announced today that it is accelerating store closings to 235 this year, 100 more than previously planned. Sears' total net loss for the quarter was $296 million. Sears' and K-Mart's collapse is "inevitable" and could happen by the year 2016, retail analyst and author Robin Lewis writes on his blog. "These two retail brands are dead men walking," Lewis writes. "As a retailer they're at the point of no return," David Tawil, cofounder of Maglan Capital and an expert in distressed retail companies, told Business Insider earlier this year. "The real...
  • Sears to accelerate closings, shutter 235 stores

    12/04/2014 12:42:34 PM PST · by Hojczyk · 133 replies
    CNBC ^ | December 4,2014 | Krystina Gustafson
    Sears shares fell Thursday, after the struggling department store announced an adjusted net loss of $296 million—in line with the updated guidance it gave in November. The retailer also said it's accelerating the number of stores it plans to close this year, boosting its list from the 130 underperforming stores it announced in its second-quarter earnings release, to a total of 235 stores. Analysts called the move a step in the right direction for the company, which has been tapping into its real estate in creative ways to compensate for downward-spiraling sales. Still, they said the haircut won't be enough...
  • Fewer shoppers and a decline in spending during Black Friday weekend

    12/01/2014 6:11:44 AM PST · by C19fan · 33 replies
    Washington Post ^ | November 30, 2014 | Sarah Halzack
    Fewer consumers hit the stores or went online this Thanksgiving weekend, a sign that Black Friday’s bloat into days and even weeks of promotions may be creating less urgency around the events that many retailers consider the kickoff to the holiday shopping season. The National Retail Federation reported that 55.1 percent of consumers shopped between Thursday and Sunday, according to a survey it conducted over the weekend. That is down from 58.7 percent the previous year. The NRF said total spending was $50.9 billion, an 11 percent decline from an estimated $57.4 billion in 2013.
  • Retail Disaster: Holiday Sales Crater by 11%, Online Spend Declines

    11/30/2014 5:16:39 PM PST · by SeekAndFind · 94 replies
    Zero Hedge ^ | 11/30/2014 | Tyler Durden
    Last year was bad. This year is an outright disaster. As we reported earlier using ShopperTrak data, the first two days of the holiday shopping season were already showing a -0.5% decline across bricks-and-mortar stores, following a "cash for clunkers"-like jump in early promotions which pulled demand forward with little follow through in the remaining shopping days. However, not even we predicted the shocker just released from the National Retail Federation, the traditionally cheery industry organization, which just reported absolutely abysmal numbers: sales during the four-day Thanksgiving holiday period crashed by a whopping 11% from $57.4 billion to $50.9...
  • Walmart workers scarce at Black Friday anti-Walmart protest in D.C.

    11/30/2014 12:31:05 AM PST · by Cincinatus' Wife · 72 replies
    The Washington Examiner ^ | November 29, 2014 | Sean Higgins
    Organizers of a post-Thanksgiving protest on behalf of workers at a Walmart in downtown Washington, D.C. identified only one of the participants as actually working at that store. The admission underscores the fact that few Walmart workers have been involved in the protests. "Thirty striking workers from Washington, D.C., Virginia and Maryland took part in today’s protest, and Melinda Gaino, one of the striking workers, works at the H Street Store," said Julie Anderson, a spokeswoman for the 1.3 million member United Food and Commercial Workers union, which organized the event. Walmart spokesman Kory Lundberg claimed the number was far...
  • Walmart Black Friday Protests Hit Major Cities With Calls For '$15 And Full Time'

    11/28/2014 2:16:10 PM PST · by 2ndDivisionVet · 53 replies
    The Huffington Post ^ | November 28, 2014 | Dave Jamieson
    WASHINGTON -- Dirk Rasmussen had Friday off and could have slept in if he wanted to. Instead, the Maryland resident and Teamster rose early and drove to downtown Washington, eager to join a post-Thanksgiving protest against Walmart. "Our local [union] president encouraged us to take part," said Rasmussen, 58, who works in a lumber and building-supply warehouse. "I raised eight children on a Teamsters benefit package and Teamsters wage. I'm a firm believer in collective bargaining, and I'm very concerned about the security of this next generation." Black Friday may be most famous for doorbuster shopping deals, but among progressives...
  • Obama is the Problem - Walmart is the Solution

    11/17/2014 10:22:09 AM PST · by Kaslin · 38 replies
    Townhall.com ^ | November 17, 2014 | Michael Schaus
    Once again, we can say "thanks" to a private sector that is routinely berated by the government-loving statists of the Democrat Party. It turns out that the heartless corporations, and not the big-government juggernaut of good intentions, are the ones actually doing good for Americans, their families, and their communities. In a piece of news that is tailored fit to annoy the liberal in your life, it turns out WalmartÂ’s healthcare plans are measurably more compassionate than the stock plans offered by Obamacare. IÂ’ll give you a minute to fit that last thought on a bumper sticker that you can...
  • Wal-Mart told store managers to match online prices with Amazon

    11/13/2014 5:17:05 PM PST · by dynachrome · 53 replies
    Reuters ^ | 11-13-14 | Nathan Layne
    Wal-Mart Stores Inc has informed managers of its roughly 5,000 stores across the United States that they can match prices with Amazon.com Inc and other online retailers, the head of the company's U.S. business said on Thursday.
  • Malls Fill Vacant Stores With Server Rooms: Empty Department Stores Converted Into Data Centers

    11/03/2014 7:35:24 PM PST · by 2ndDivisionVet · 20 replies
    The Wall Street Journal ^ | November 3, 2014 | Drew Fitzgerald and Paul Ziobro
    The Internet is moving to a shopping center near you. In Fort Wayne, Ind., a vacated Target store is about to be home to rows of computer servers, network routers and Ethernet cables courtesy of a local data-center operator. In Jackson, Miss., a former McRae’s department store will get the same treatment next year. And one quadrant of the Marley Station Mall south of Baltimore is already occupied by a data-center company that last year offered to buy out the rest of the building. As America’s retailers struggle to keep up with online shopping, the Internet is starting to settle...
  • For RadioShack, the end is near

    Gentlemen and gentlewomen of a certain age harbor fond memories of trips to RadioShack. In days of yore, ham radios and homemade guitar amplifiers would emerge from the mysterious jumble of wires and audio components hawked by this unpretentious electronic retailer. Whatever one’s view of this American institution with about 27,000 employees, it is near death. On Thursday, RadioShack warned that it may file for Chapter 11 bankruptcy.
  • Costco execs turn tables on state Senate Democrats

    09/14/2014 11:17:05 AM PDT · by 2ndDivisionVet · 17 replies
    The Seattle Times ^ | September 13, 2014 | Jim Brunner
    After being stiff-armed by Democrats on a liquor-tax dispute, Costco execs have shifted their loyalties to Republicans in this year’s state Senate races.When it comes to politics, Costco Wholesale has a well-deserved reputation as a Democratic-leaning corporation. Company co-founders Jim Sinegal and Jeffrey Brotman have hosted President Obama at fundraisers in their lakefront mansions. Costco executives have donated hundreds of thousands of dollars to Democratic candidates and causes over the past decade. But in the key battle for control of the state Senate this year, top Costco brass — miffed at Democrats over a liquor-fee dispute — have essentially switched...
  • RadioShack restructuring begins to takes shape

    09/10/2014 1:54:31 PM PDT · by SeekAndFind · 78 replies
    Thoubled electronics retailer RadioShack Corp's shares have lost nearly a third of their value since brokerage Wedbush Securities said on Tuesday the company could file for bankruptcy soon, making the stock worthless by the end of this year. The stock fell as much as 20 percent to 76 cents on Wednesday, adding to a 23 percent plunge on Tuesday. "Our price target reflects our expectation that creditors will force a reorganization and wipe out RadioShack's equity," Wedbush analyst Michael Pachter wrote in a note. Pachter, rated four stars out of five by StarMine for the accuracy of his calls on...
  • CVS changes name, stops tobacco sales a month early

    09/03/2014 7:23:37 PM PDT · by ConservativeStatement · 49 replies
    AP ^ | September 3, 2014
    As CVS sharpens its focus on customer health, the nation's second-largest drugstore chain will tweak its corporate name and stop the sale of tobacco nearly a month sooner than planned. CVS Caremark will now be known as CVS Health. The signs on its roughly 7,700 drugstores won't change, so the tweak may not register with shoppers.
  • Target publicly endorses gay marriage

    08/13/2014 7:00:18 AM PDT · by PeteePie · 59 replies
    Boston Globe ^ | Aug 6, 2014
    MINNEAPOLIS — Target Corp. is adding its name to a legal defense of gay marriage, joining other large companies that are taking a stand, just four years after the retailer came under criticism for supporting a strident opponent of same-sex unions. Target said it has signed a court brief backing marriage equality in a pending court case and publicly declared its support of gay marriage, a move similar to those taken by Starbucks, Intel and Apple.
  • There Goes Q2 GDP - Wholesale Inventories Miss By Most In 16 Months

    08/08/2014 4:24:22 PM PDT · by Perdogg · 2 replies
    zero hedge ^ | Submitted by Tyler Durden on 08/08/2014 10:11 -0400
    Against expectations of a further rise in inventory build of 0.7%, wholesale inventories rose only 0.3% in June (the same pace as in May) missing by the most since February 2013. With GDP now basically an exercise in inventory expansion and contraction (Q2 inventory estimate amounte to 40% of GDP), this 'miss' offers little hope for the initial Q2 rebound to hold its exuberance. In addition, wholesale sales also missed (up only 0.2% against expectations of a 0.7% rise) with growth slowing for the 3rd month in a row. Inventories miss significantly...
  • Target Has Marriage in its Crosshairs

    08/08/2014 9:45:01 AM PDT · by virtuous · 35 replies
    American Decency Association ^ | August 7, 2014 | Lisa Van Houten
    The Target Corporation has traditional marriage and family in the crosshairs of its bulls-eye. Target has now declared its support for homosexual “marriage.” However, the Minnesota-based retailer has gone past the point of articulating support for gay “marriage” and has jumped into the fray to wield its influence with the courts on this issue. Working to overturn the vote of the people regarding the true definition of marriage, Target has filed an amicus brief with the 7th Circuit Court of Appeals pushing for so-called marriage “equality” regarding the ban on same-sex marriage in Wisconsin and Indiana. (The case is before...