Big Lots reported a net loss of $9.5 million for the third quarter of fiscal 2013, up from a net loss of about $6 million in the year-ago period.
The retail industry will lose an estimated $8.76 billion to return fraud this year, and $3.39 billion during the holiday season alone, according to the National Retail Federation’s 2013 Return Fraud Survey.
In a not-so-unexpected move, Sears Holdings Corp. on Friday said it had filed to spin off its Lands' End unit.
By Leslie Hand, research director, IDC Retail Insights
Leslie Hand comments on Jeff Bezos’ announcement (on Sunday night’s “60 Minutes") that Amazon is developing a drone-based package-delivery service, and on Black Friday weekend sales. More ....
More Expert Analysis
Five Ways Big Data is Changing CRM for Retailers
By Connor Marsden, U.S. Lead, Microsoft Dynamics CRM
The Retail industry is in the midst of unprecedented change, with multiple innovations in technology transforming the way business is conducted. Retail companies that are unable to keep pace will face diminished prospects for growth.