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Retail Stores in NYC Gets Hacked

  • Crystal Ng
  • 22 Days ago
  • 0
Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor have experienced a breach in security.  These stores lack security in its card payment systems. Technology has done wonders to the world and has undoubtedly made many of our daily tasks easier. Nonetheless, we cannot deny the fact that it has also complicated several aspects […]

Walmart to test in-home delivery program

  • William Van-Lear Black
  • 7 Months ago
  • 0
Remember when you had to go down to the mailbox or onto your doorstep to pick up items you ordered online? If a program Walmart is testing takes off, people may be asking that question within the next several years. The program will allow delivery drivers to leave packages inside a customer’s home, and groceries […]

Best Buy is quietly thriving in an Amazon world

  • William Van-Lear Black
  • 7 Months ago
  • 0
In an eCommerce age in which every brick-and-mortar enterprise is expected to roll over and die, Best Buy is adapting to the changing market. Under the guidance of CEO Hubert Joly, Best Buy is engineering an impressive turnaround, the New York Times reports. According to the Times, Best Buy’s revenue has exceeded analysts’ expectations in six of the […]

High-tech retail startup Bodega raises $2.5 million in funding round

  • William Van-Lear Black
  • 7 Months ago
  • 0
Bodega, a San Francisco-based startup that operates fully-automated kiosks roughly the size of vending machines, introduced itself to the world Wednesday. The company has raised $2.5 million in a funding round led by venture capital firms Homebrew and First Round Capital, TechCrunch reports. Thirty Bodega kiosks (which the company calls “bodegas”) are already operational in […]

Facing $5 billion worth of debt, Toys “R” Us hires restructuring consultants

  • William Van-Lear Black
  • 8 Months ago
  • 0
Toys “R” Us has hired law firm Kirkland & Ellis as restructuring consultants to help the reeling toy giant negotiate its debt as the holiday season approaches, CBS News reports. The company may seek bankruptcy protection. In its first quarter earnings statement, the company reported over $5 billion in long-term debt as of April 29. Per […]

Your new favorite beauty store: how Ulta beat Sephora

  • Ashley Leader
  • 8 Months ago
  • 0
In 2013, beauty store chain Ulta welcomed a new CEO in Mary Dillon and ever since its star has been on the rise, Digiday notes. It wasn’t long ago that Ulta was considered something along the lines of an expanded drugstore beauty aisle, while Sephora was considered to be the market leader in beauty. French giant […]

Barnes & Noble Activist Investor Urges Privatization, Shares Soar

  • William Van-Lear Black
  • 9 Months ago
  • 0
Sandell Asset Management, an activist investment firm, has accumulated a large number of shares in Barnes & Noble Booksellers, and is urging the company to go private, CNBC’s Lauren Thomas reports. Sandell, which the Wall Street Journal says is now among the book retailer’s top ten investors, believes Barnes & Noble’s $520 million market value […]

Amazon Meal Kit Plans

  • Cedric Brenninkmeijer
  • 9 Months ago
  • 0
Amazon is proceeding with its expansion plan to diversify into surrounding markets and innovate in order to establish a dominant position. In recent news, Amazon expressed its intent to redesign and push the boundaries in the prepared meal kit world that is currently dominated by Blue Apron Holdings Inc. Amazon is throwing itself in the […]

No Longer Up for Sale: Abercrombie & Fitch’s Stock Drops

  • Cedric Brenninkmeijer
  • 10 Months ago
  • 0
Teen clothing retailer Abercrombie & Fitch have said on Monday that it is no longer up for sale. Despite being in poor health and having fielded takeover offers, A&F have instead decided to fix itself. This update resulted in Abercrombie shares dropping 10 percent in premarket trading, and a decrease in market value down to […]

Amazon Announces its Plan to Hire on 30,000 Part-Time Workers

  • Sharnita Sanders
  • 1 year ago
  • 0
Amazon announces that it will provide another stream of jobs. The online retail giant says that it hopes to add over 30,000 part-time jobs in the United States over a span of the next year. Amazon says that many of the positions they will be opening up will be for virtual customer service. It will […]

Alibaba Partners with China’s Largest Supermarket And Department Stores

  • Anahit Moumjian
  • 1 year ago
  • 0
Alibaba Group Holding has teamed up with Shanghai Bailian Group in executive chairman Jack Ma’s latest step toward shaking up old-fashioned retail with technology. Bailian is currently one of China’s largest supermarket and department store chains. Shares of the company surged to their daily 10% limit on Monday after the China Securities Journal reported on […]

Wet Seal Says All Stores to Close?

  • Sharnita Sanders
  • 1 year ago
  • 0
Wet Seal Inc. would appear to be one of the many retailers to close its doors as of late. Wet Seal was established in 1962 in Newport Beach and named Lorne’s after its founder Lorne Huycke. The name of the company was later changed when Huycke’s wife saw a model in a black bathing suit […]

The Andersons Announces its Closings

  • Sharnita Sanders
  • 1 year ago
  • 0
The list of companies to close their doors seems to get longer. The Andersons says it will close its Columbus and Toledo-based stores along with two other sites. The company says its retail business has been steadily losing money over the years and plans to shut down sometime between April and June. The Andersons started […]

Amazon Provides 100,000 Jobs

  • Sharnita Sanders
  • 1 year ago
  • 0
On Thursday, the online giant Amazon announced that it plans to provide 100,000 new jobs over the next 18 months. This addition of new positions increased the 56 percent in the 180,000 full-time positions in the United States reported near the end of 2016. In Baltimore, Amazon has a new warehouse that currently employs around […]

Alibaba Bids $2.55 Billion for Intime

  • Sharnita Sanders
  • 1 year ago
  • 0
Alibaba Group Holding, an E-Commerce firm, and the founder of Intime have joined together to bid on Intime, a noted Chinese department store. Alibaba, along with Shen Guo Jun, offer HK$10 per share. It announced recently that both partners will obtain Intime for HK$19.79 billion ($2.55 billion). Intime currently runs seventeen shopping malls and 29 department […]

The Limited Closes Its Doors

  • Sharnita Sanders
  • 1 year ago
  • 0
Many retailers suffered at the hands of online shopping this holiday season. The Limited has also announced that it is closing all 250 of its stores. It’s assumed that this is due to consumer preference for online shopping. Leslie H. Wexner started The Limited in 1963. The store got its name for its limited variety of […]

How Many Stores Is Macy’s Closing?

  • Sharnita Sanders
  • 1 year ago
  • 0
The holiday sales weren’t too kind to Macy’s this year. Sales for the retailer fell by two percent between the months of November and December. Macy’s sales earnings were $2.95 to $3.10 which is lower than the $3.15 to $3.40 the company expected. To improve their sales performance, the company plans to close nearly sixty-eight stores. […]

Sears to Close More of its Stores

  • Sharnita Sanders
  • 1 year ago
  • 0
It’s true that Kmart has been in the game for a long time and the same goes for Sears. However, it would seem that the round of stores closing for Sears Holdings isn’t over. The company will be closing twenty-four Kmart stores and eight Sears stores late on in April. Liquidation sales are scheduled to […]

Retail Sales Rise as Consumers Open Their Wallets

  • Priscilla Manzo​
  • 3 Years ago
  • 0
It has become a popular saying; Consumers are opening their wallets. With the economic growth seen in 2015, mall shoppers have spent more than usual in the month of May. The Commerce Department announced the results of the Bloomberg surveys; Economists reported a 1.2 percent jump in retail sales for the month. That is over […]

Prada Regresses With Sales Only Up 1 Percent

  • Megan Harrison
  • 4 Years ago
  • 0
Milan-based luxury group Prada SpA reported sales were only up one percent, which indicates an unfortunate decrease from previous years. According to Bloomberg News, this downfall marks the slowest half-yearly sales increase in three years, which is partially accredited to a slower demand from Asia and Europe. MarketWatch reported that sales for the first half […]