retail stores

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Walmart Grabs Bigger Slice of Chinese Market

With online retail surging in China, competition on the rise

(Newser) - Walmart is stepping up its presence in China, buying 51% of online retailer Yihaodian, reports the Financial Times . Walmart has more than 350 stores in China, but relatively little presence online. And with China's online retail market expected to grow five-fold to $105 billion over the next two years,...

Amazon Rewards Customers for Walking Out of Stores

...After checking an item with their Price Check app

(Newser) - In a scheme clearly devised to give brick-and-mortar retailers nightmares, Amazon is running a one-day promotion on Dec. 10 in which customers can score up to $15 in discounts for literally walking out of stores. Here's how it works: Download the Amazon Price Check app for your iPhone or...

Walmart Suffering Biggest-Ever Slump

Execs admit retail giant lost its way

(Newser) - Walmart is suffering its worst-ever slump in US sales and is widely expected to post more disappointing figures when it reports earnings today. Analysts say the retail giant's woes are the result of its failure to follow founder Sam Walton's formula of providing ordinary Americans with "every day low...

Thieving Employees Do Brisk Business in Gift Cards

Lower-risk way to steal from the boss

(Newser) - Employee fraud, which accounts for a large and growing chunk of the total $36 billion a year the retail industry loses to theft, is increasingly taking the form of gift cards: easy to walk out of a store with, and easy to redeem without showing ID. With overall employee theft...

Fake Lottery Winner Causes Store Ruckus

Ohio woman gets 'extravagant' without meds, daughter says

(Newser) - An Ohio woman may be charged with inciting panic after telling a store full of shoppers that she had won the lottery and was treating. Police had to show up at the Burlington Coat Factory to put down the ruckus when word got out, the Columbus Dispatch reports. The 45-year-old...

Disney Reinventing Stores as 'Imagination Parks'

Apple's expertise will help transform shopping into entertainment

(Newser) - Disney has unveiled ambitious plans to bring the theme park to the shopping mall by turning its network of stores into interactive "Imagination Parks." The overhaul—designed using the expertise of Steve Jobs and his Apple Stores team—will cost some $1 million per store and focus...

Microsoft Pinching Apple Employees to Staff Stores

Managers enticed with higher salaries and sent back to poach sales people

(Newser) - Microsoft’s planned expansion into the brick-and-mortar retail sector will be staffed at least in part by…Apple Store employees, reports the Loop. The software giant is hiring away Apple managers with higher salaries, sources tell the tech blog. Those managers in turn are trying to bring aboard Apple's top...

Toys R Us Pumped Up for Holiday Offensive

Chain plans to open 80 temporary stores in time for holiday shopping season

(Newser) - Toys R Us is getting ready to go on the offensive in the battle for holiday sales, the Washington Post reports. The company—which snapped up the KB Toys and FAO Schwarz brands earlier this year—plans to open 80 temporary "Holiday Express" stores in malls across the country,...

How Should Wal-Mart Handle Blog Ridicule? Ignore It

No right move on 'People of Walmart' pics of fashion misses

(Newser) - A wildly popular new blog mocks Wal-Mart and its customers, and encourages others to join in by uploading their own photos and comments. So what should the retail giant do? Nothing, writes BL Ochman in Advertising Age. The site—People of Walmart—isn't “likely to do lasting damage to...

Lousy Retail Sales Will Delay Recovery

Recession isn't over as far as consumers are concerned

(Newser) - If the recession is indeed waning, nobody told consumers. Retailers of every kind reported lousy sales for the quarter ended Aug. 1, the Wall Street Journal reports. Target’s same-store sales fell 6.2%, Home Depot’s dropped 9.1% and Saks’ plummeted a whopping 15.5%. And with unemployment,...

Radio Shack Ditches 'Radio' to Become ... 'The Shack'

(Newser) - From all accounts, Radio Shack is set to rebrand itself “The Shack,” Joshua Topolsky writes for Engadget. “It makes perfect sense—radios aren’t exactly considered cutting edge these days,” Topolsky writes, and “the store is about to launch a full assault on the mobile...

Retailers Slash Selection in Response to Recession

(Newser) - A fundamental shift is going on in the consumer product world as retailers decide that less is more, the Wall Street Journal reports. Big national retailers are expected to slash selection by at least 15%, analysts say. Gone will be 30% of Kroger’s cereals, 20 of the 24 tape...

Rabbi Seeks Boycott of 'Revolting' Mannequins

Stores could lose kosher certification

(Newser) - An Israeli rabbi has called for a boycott of shops that display scantily clad mannequins, AFP reports. Mannequins and "obscene photographs" of models wearing swimsuits or underwear "elicit sorrow among the passers-by," said the rabbi. Stores in the northern city of Tiberias that keep their racy displays...

Some UK Advice for US Topshop Virgins
 Some UK Advice for 
 US Topshop Virgins 
OPINION
Mar 31, 2009 2:32 PM CDT

Some UK Advice for US Topshop Virgins

(Newser) - The wildly popular British clothing store Topshop opens its first outpost in New York this week, and Emily Rotberg has advice for uninitiated Americans. First and foremost, “don’t be afraid to push" she writes in the Guardian. "They’re not your friends.” Other nuggets:
  • "Sales
...

Circuit City to Liquidate US Stores

Everything must go

(Newser) - Circuit City will liquidate all 567 of its US stores after failing to find a buyer or a refinancing deal, the AP reports. The nation's second-biggest electronics retailer employs more than 30,000 people. Calls to the Richmond, Va.-based company and its designated liquidators were not immediately returned. Circuit...

'Sea Change' In Store for Retail

Shops to shut, brands to fold as bankruptcies soar

(Newser) - Shaken by a tough holiday season and bracing for more trouble, the retail scene may look very different in 2009, the Wall Street Journal reports. Some stores will be reducing inventory and cutting suppliers, which could force small manufacturers to fold. Retail bankruptcies could abound. "We will have a...

Japanese Stores Conquer Convenience

Hard times suit the country's ultra-handy 7-11 descendants

(Newser) - Japan's ultra-convenient convenience stores are one of the few bright spots in the nation's struggling economy, the Washington Post reports. Business is booming at the 40,000 stores nationwide, which offer everything from hot soup to cold beer to fresh sushi. Customers can pay their bills, book travel, and even...

Staggering Slowdown Hits Retail Sales

Ominous sign of dismal holiday season

(Newser) - Retail sales plummeted last month ahead of the holiday shopping season—which threatens to be the worst in decades, the New York Times reports. The downturn ran the gamut from upscale department stores to shops like the Gap. Neiman Marcus saw a 28% drop compared with the same month last...

Bankrupt Mervyn's Goes Belly Up
Bankrupt Mervyn's Goes Belly Up
Oct 18, 2008 6:39 AM CDT

Bankrupt Mervyn's Goes Belly Up

All of chain's 149 stores to be liquidated before end of year

(Newser) - Mervyn's will be closing all of its 149 stores before the end of the year and holding huge going-out-of business sales, the Bay Area's Daily Review reports. The California-based department store chain filed for bankruptcy in July and had been fruitlessly scrambling for a sale or a deal with landlords...

For Retail Workers, Big Bro Is Tracking

Computer systems help max productivity, cut costs

(Newser) - As a sluggish economy pinches retailers, many are now turning to computer programs to track employee productivity, the Wall Street Journal reports. At Ann Taylor stores, a computer system calculates average sales per hour, units sold, and dollars per transaction —then automatically schedules the best workers during the store’...

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