No more Blockbusters in Alaska come the fall

Just one Blockbuster will be open in the U.S. now that two of the three remaining in the U.S.

Value retailer to call Fifth Avenue home

Five Below, a discount retailer with 600 stores nationwide, will open a flagship location on Fifth Avenue in New York City. The store, according to CNBC, will open later this year and the retailer is aiming to have more than...

Sales plunge not a sexy trend for Victoria's Secret

June brought a 1 percent dip in same-store sales and a 6 percent plunge in brick-and-mortar same store same-store sales for Victoria's Secret. The financial news, according to the New York Post, then caused a drop of 12 percent in...

Fabletics to launch 75 new stores worldwide

Athletic apparel maker Fabletic, co-founded by actress Kate Hudson, is planning to reach 100 stores. Fabletics expects to launch 75 new storefronts in the U.S. and worldwide locations, according to a CNBC report, and one store will feature an experimental store design, new payment system as well as a selfie wall.

Sears lays off at corporate offices

About 200 employees at Sears' corporate headquarters in Illinois were let go last month, according to CNBC, and three quarters worked at the support center. The layoff action was detailed in a state notice obtained by CNBC. The layoff was...

June brings retail employment boost

Retail jobs increased more than 50,000, compared to a year ago, which the National Retail Federation described as a "solid robust payroll increase." The figure does not include auto sellers, restaurants or gas stations. Overall, U.S.-based businesses added 213,000 jobs...

Amazon moves into prescription drug business with PillPack purchase

Amazon is moving forward to purchase online pharmacy PillPack and the news caused Walgreens and CVS Health shares to take a dip. Bloomberg reports the acquisition will cost $1 billion and the deal should be completed by year's end.

Content Analytics, 1WorldSync join forces to optimize retail sales, conversion

Content Analytics and 1WorldSync are partnering to meld their respective technology so that customers get a wider range of analytics and product content options. 1WorldSync customers have access to new capabilities including content health measurement, out of stock alerting, search...

May retail sales enjoyed healthy boost

May retail sales increased 5.6 percent compared to a year ago and 0.7 percent compared to April, according to the National Retail Federation. "The economy is looking strong and households have a solid financial foundation on which to base their...

Toys R Us may not disappear entirely

While liquidation and store closing sales are taking place at Toys R Us locations across the world there are more than a few efforts to keep the store, and the brand, in play. In fact there are more than 115...

Ex CEO mulling Toys R Us rescue strategy

Gerald Storch, who once served as CEO and chairman of Toys R Us, is reportedly considering swooping in to save the beleaguered toy seller, salvaging some stores and distribution centers as well as the trademark, He is talking with venture capital groups to fund the strategy, according to a New York Post report.

Starbucks CEO steps down

Starbucks Corporation Executive Chairman and — until last year — CEO of four decades, Howard Schultz, is stepping down. He leaves a huge trail of successes in his wake, including a 21,000 percent gain in stock value since the brand's...

Sears lists out closing locations

Sears has listed out the 63 Sears and Kmart locations it plans to close in the next few months, and it's just the start of store closure activity. The news comes on the heels of a steep stock decline for...

Target enjoys best traffic growth in over a decade

The first quarter was a winning one for Target as the retailer enjoyed a 3.7 percent traffic spike, a comparable sales growth of 3.0 percent and digital sales increase of 28 percent. The traffic increase is the strongest quarterly performance...

Lowe's taps J.C. Penney CEO to take helm

Marvin Ellison has resigned his CEO role at J.C. Penney to take the helm as Lowe's CEO. He is replacing Robert Niblock who resigned earlier this year after 13 years in the CEO role for the home improvement retailer, according...

Macy's sales get a boost from foreign shoppers

Macy's first fiscal quarter brought good news to shareholders as same-store sales jumped 4.2 percent, prompting the retailer to adjust its annual profit projection. The boost, according to a New York Post report, was driven by big spend by foreign tourists in U.S. retail stores.

Nosto taps Jim Lofgren as CEO

Online retail personalization provider Nosto has named Jim Lofgren as its new CEO, replacing Matti Ronkko who announced he was leaving late last year after five years at the helm. Lofgren most recently served as North American CEO at Klarna,...

Macy's buys Story, founder now brand experience officer

Macy's has a new story to tell courtesy of acquiring Story, a New York-based retailer that changes its store design and merchandise every four to eight weeks. A press release on the acquisition did not disclose financial terms, but Story Founder Rachel Shechtman is now Macy’s brand experience officer, according to a MarketWatch report.

Mall operator: Retailers underreporting sales

Simon Property Group CEO David Simon claims a significant number of retail and commerce tenants aren't reporting accurate sales figures as they are deducting returns on online items. The U.S.'s largest mall operator, according to a Bloomberg report, is striving...

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