This author has yet to write their bio.Meanwhile lets just say that we are proud jlong contributed a whooping 1452 entries.
U.S. retail sales increased by the most in 1-1/2 years in March at Reuters. “The Commerce Department said retail sales surged 1.6 percent last month…Economists polled by Reuters had forecast retail sales would accelerate 0.9 percent in March. Retail sales in March advanced 3.6 percent from a year ago.” Read more …Canadian retail […]
Walmart announces partnership with Kidbox – a clothing subscription box company for kids at AP News. “Walmart customers will get access to more than 120 premium children’s brands. The style box will include about five fashion items for $48, about 50% off the suggested retail price of the bundled items.” Read more Chicago’s […]
Best Buy names Corie Barry as its new CEO, Hubert Joly to become board’s executive chairman at CNBC. “Corie Barry, currently the company’s chief financial and strategic transformation officer, will become its new chief executive officer, effective June 11…current U.S. chief operating officer Mike Mohan will be promoted to president and COO, while the […]
Walmart acquires adtech startup by Sarah Perez at TechCrunch. “Polymorph’s technology includes a high-speed ad server, a self-serve interface and server-side header bidding. This, says Walmart, will make advertising easier for thousands of brands and will deliver more relevant ads to consumers.” Read more J. Crew is considering an IPO for its Madewell […]
Costco March comp sales +5.7% (U.S. +6.9%, Canada +3.8%, Other Int’l +1.6%, Ecom +20.6%) Press release Fred’s to close 159 stores and start clearance sales at 360 locations by Kelly Tyko at USA Today. “The closing stores represent nearly 29% of Fred’s 557 stores and are located in 13 states with Mississippi, Alabama, […]
Amazon exec tells employees that Go stores will start accepting cash to address ‘discrimination’ concerns at CNBC. “The spokesperson described the process as “you’ll check out, pay with cash, and then get your change.” “We are working to accept cash at Amazon Go,” the spokesperson said.” Read more Walmart Puts Reusable Bags at […]
75,000 more stores need to close across the US, UBS estimates at CNBC. “Assuming online sales’ share of total retail sales in the U.S. grows to 25% by 2026, from 16% today…about 21,000 clothing stores, 10,000 consumer electronics stores, 8,000 home furnishing stores and 1,000 home improvement stores should close, UBS says.” Read more […]
Lowe’s to cut over 200 jobs in Charlotte, relocate hundreds more to nearby HQ by Katherine Peralta at Charlotte Observer. “On Thursday morning, roughly 600 full-time employees at the Lowe’s corporate offices in Wilkesboro were informed that their jobs would be shifting to the retailer’s headquarters in Mooresville, about an hour away. About another […]
